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Book
Action
- Is normally known as having money in a
game (bet), but when you wager on baseball
and you choose action, it means that you
don't mind which pitchers are starting the
game.
Bad
Beat - Tough loss
Beard-
Messenger bettor
Beef-
Dispute Buck- $100
Chalk-
Favorite
Chalk
Eater- Favorite bettor
Churn-
The effect of betting and rebetting money
Circle
Game- Game where action is limited
due to uncertainties about weather, injuries,
etc.
Cover-
in by more than the pointspread
Dime-
$1000
Dollar-
$100
Earn-
Practical hold percentage
Edge-
Advantage
Exotic
Bet- Action other than a straight
bet or parlay
Figure-
Amount owed by or to a bookmaker
Get
Down- Make a bet
Gross
Win- Win before expenses
Handicapper-
One who studies sports and predicts outcomes
Handle-
Total amount of bets taken
Hedge-
Bet the opposite of your original wager
in order to reduce the amount of action
you have on a game
Hook-
Half point in pointspreads, as in "lost
by the hook"
Home
Field Advantage- Edge the home team
is expected to have as a result of the familiarity
with the arena and effect of travel on the
visting team.
Hoop-
Basketball
Hot
Tip- Information the bookmaker is
not yet privy to
Juice-
Bookmaker's commission, most often refers
to the 11 to 10 football bettors lay on
straight wagers; vigorish
Lay
A Price- Bet a favorite, lay the
points
Limit-
Maximum bet accepted by the house before
the price will be changed
Line-
The betting proposition on a game and/or
payoff odds on the bet
Longshot-
Large underdog
Middle-
To win both sides of a game. For example,
if you bet the underdog +3 1/2 and the favorite
-2 1/2 and the favorite wins by 3, you've
MIDDLED the book. The book has BEEN MIDDLED.
Minus
Pool- In pari-mutuel wagering, when
after the take is extracted, there is not
enough money left to pay winning patrons
the minimum bet. The track must then make
up the difference. Mutuel- Price paid on
a winning pari-mutuel wager
Neutral
Site- Arena, court, or field where
neither side has a home field advantage
Nickel-
$500
Off
The Board- Game where no bets are
being accepted
Out-
Bookmaker, usually refers to an illegal
bookmaker
Overplay-
When the odds on a proposition are in favor
of the bettor rather than the house
Parlay-
A bet with two or more teams where all the
teams must win for the bettor to be successful
Past
Post- To make a bet after an event
has started Pick or
Pick'em-
A game where neither team is favored Player-
Bettor or gambler
Practical
Hold Percentage- The amount won be
a bookmaker divided by the total amount
booked
Press-
To bet a larger amount than usual
Price-
Line
Puppy-
Underdog
Push-
Tie Round Robin- A series of parlays.
A three team round robin consists of three
two-team parlays.
Rundown-
Line update
Scalper-
One who attempts to profit from the differences
in odds from book to book by betting both
sides of the same game at different prices
Score-
To win a lot of money
Scratch-
Withdraw; cancel
Sharp-
Wise guy
Side-
To win one side and tie the other. For example,
if you lay -2 1/2 and take 3 on the smae
game and the favorite wins by 3 you have
SIDED the book. The book has been SIDED.
Square-
Unsophisticated gambler
Steam-
Heavy action on one side
Straight
Bet- A bet on just on team
Sucker
Bet- Bet with a large house edge
Take
A Price- Bet the underdog, take the
points
Tapped
Out- Broke, busted, common result
of pressing
Theorical
Hold Percentage- The edge the bookmaker
would have IF the odds guaranteed him a
constant commission regardless of the outcome
Toss
Up- Game where the line is close
to pick-em
Tout
Service- A business that sells opinions
on sporting events
Underlay-
When the odds on a proposition are in favor
of the house
Value-
An overlay
Vigorish-
Juice
Wiseguy-
Established and successful sports bettor
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