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Terms
- Action
- A bettor who has placed a bet is said to have "action". Slang term for bet.
- American Odds
- The price is given in the form +600, +800, etc.
- Bet
- A pledge of money that a certain event will occur.
- Bettor
- One who bets.
- Book
- The record of all bets wagered on a particular event.
- Chalk
- Slang for Favourite.
- Decimal Odds
- The price is given in the form 6.00, 8.00, etc.
- Dime
- One-thousand dollars.
- Event
- Any happening, either in sports or in reality, on which people can bet.
- Favorite
- The team or person more likely to win a particular event.
- Foots
- football.
- Fractional Odds
- The price is given in the form 6/1, 8/1, etc.
- Futures Bet
- A futures bet is a bet in an event where there are many competitors, such as a golf tournament or horse race, and is often made considerably before the event takes place - a bet placed on who'll win the Super Bowl in January that's placed in September, for instance.
- Futures Betting
- Betting on who will win a particular event, be it the Super Bowl, the US Masters or the Daytona 500.
- Grand Salami
- A Hockey totals bet where players bet on the number of goals scored on a particular day.
- Hedge
- To buy back action you took on an original play by betting on the opposing outcome.
- Hoops
- Basketball
- Line
- See Pointspread.
- Lock
- perceived guaranteed win against the spread or moneyline.
- Nickel
- Five-hundred dollars.
- Odds
- The price a sportsbook offers on the occurrence of a particular event.
- Online Sports book
- A licensed and regulated operator that offers prices on given events occurring and other betting related services online
- Online Sports betting
- Sports betting which is facilitated in an online sportsbook.
- Outright Betting
- See Futures Betting.
- Outsider
- See Underdog.
- Placing a Bet
- The act of pledging money that a certain event will occur.
- Player
- Bettor; one who bets.
- Pointspread/spread
- The amount of points an underdog team is given at the start of a game to even the betting and make it more interesting. The underdog must win or not lose by more than the spread for a bet on the underdog to win. The favorite must win by more than the spread for bets on the favourite to win.
- Price:
- Often meaning moneyline on a team. If someone asked you the price of the Chicago Bulls they would be asking how much they would lay to win 1 dollar. See moneyline.The price can also be referring to cost of other odds. "What is the price on the 1.5 runline?"
- Puckline
- Hockey's version of the pointspread.
- Pucks
- hockey
- Punter
- British slang for bettor.
- Push
- A push occurs when an event finishes on the spread. All wagers are voided and the stakes are returned.
- Return
- The bettor's stake, multiplied by the offered price, gives the return. A $10 bet on an event priced at 4.00 returns $40.
- Runline
- Baseball's version of the pointspread.
- Scalp
- A bet on both sides of the same event where the underdog payout is above the cost to bet on the favorite. This is a guaranteed profit if one is able to find these odds.
- Soft Line
- A betting line that is about to be moved, or when the book desires to change the line/odds but the player has the opportunity to grab it before it is changed. It could also be a line a book overlooked but should have moved. Definitions by the house vary from book to book. A player can be shown the door for betting many of these lines if the house does not welcome wiseguys.
- Sportsbook
- A licensed and regulated operator that offers prices on given events occurring.
- Stake
- The amount of the bet.
- Teaser Bet
- A pointspread bet where the pointspread has been adjusted or "teased" to give the bettor a greater chance of winning.
- Totals Bet
- A bet placed on the total points scored by both teams in a particular game.
- Underdog
- The team or person less likely to win a particular event.
- Vig, Vigorish
- A sportsbook's commission, or profit margin, for making a book.
- Wager
- See Bet.
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Sports Articles
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Parlay Calculator
Try out our online Parlay Calculator. Our handy Parlay Calculator allows you to calculate the payoff of parlay bets of up to 8 teams with ease; just input the prices and the amount to see the result.
