Sports betting terminology

Betting glossary of terms · Action: Having a wager on a game. · ATS ("against the [point] spread"): If a team is ATS, it means it has a A pick 'em refers to a spread or moneyline bet in which there is no favorite or underdog. Oddsmakers have determined that both teams or both. Handle - A sports wagering term that means the total amount of bets taken. Hedging - A sports betting term that means placing wagers on the opposite side in. Straight Bet is a simple wager on a team or athlete. Suspicious wagering activity means wagering activity in violation of the Sports Gaming Act or Sports betting terminology.

Sports Betting Terms

What does moist slang mean? The term 'moist' can be used when a man does or says something deemed as girly, pathetic etc - it isn't always used in an aggressive way and is often used in jest. A man who is referred to as a 'Simp' (a more international term) would definitely be considered moist.

What is the lingo for sports betting? Live betting -- Another term for in-game wagering. Lock -- A guaranteed win in the eyes of the person who made the wager. Money line -- A bet in which the point spread is replaced by odds, so a favorite needs only to win the game, while an underdog must win it outright.

What is a bookie slang? Over time, the slang term started began describing a shady person who bets on sporting events. If someone uses the term when talking about someone placing bets, they're probably not the most trustworthy with money. “Gosh, he's a bookie.

What does a +7 mean in sports betting? A +7 spread is very commonly seen in the NFL due to the scoring of a touchdown and a successful extra point. If the spread is set at +7, the underdog must either win the game outright or lose by fewer than seven points in order to cover. For the favorite to cover, they must win by more than seven points.

Sports Betting Terms: Gambling 101 Glossary

For example you could lay a bet against Tiger Woods to win a golf tournament. Your lay bet wins if anyone except Tiger Woods wins, and loses if Tiger Woods does win. Unlike back bets, you double your money minus commissions if you are correct, and have to pay out at the agreed odds if you are wrong. For this reason with a lay bet you are essentially playing the role of the bookmaker.

Bet categories Single bet straight up bet — a bet on a single outcome within a particular event or tournament. Multi bet multiple , accumulator , parlay , all-up — a bet that includes simultaneous selections on two or more outcomes for two or more events. If a least one of the outcomes does not occur then the bet automatically loses.

The multi bet odds equal the product of the individual selection odds. Multi betting is discussed in detail later in the guide. The odds are fixed once the wager has been placed. Tote betting parimutuel betting — a form of wagering in which all bets of a particular type are placed together in a pool. In Australia it is known as the Tote after the totalisator which calculates and displays bets already placed.

With the Tote the bookmaker displays the approximate odds that they believe you will receive. This approximation is based on the quantities of bets received to that point. Popular bet types Asian Handicap — a gambling term used to describe a type of spread betting in soccer. Asian Handicap betting reduces the possible number of outcomes from three to two by eliminating the draw.

Learn more about Asian handicap betting. Draw no bet — a popular bet type on outcomes where a draw is a possibility, like soccer fixtures. The bet wins if your selected team wins, and if the game is a draw your bet is refunded. Sports betting terminology European Handicap — a wager where a whole number of points or goals is added to the underdog and accordingly subtracted from the favourite.

The bet is settled on the outcome of the event after adjusting for the handicap. Learn more about European handicap betting. Exotic bet proposition bet, props — a bet that is does directly concern the final scoreline. Examples include the first try or goal scorer in the fixture and the first stoppage in play.

This term can also be used to describe bets on entertainment, finance, and other non-sporting results. Futures bet ante post — a bet on the winner of the league or tournament. Half ball — a popular bet type on events where a draw is a definite possibility, like soccer fixtures. The bet wins if your selected team wins or draws the game. Note that this term is distinct from a half ball Asian handicap where one team is given a 0.

Head to head bet 1X2 - a bet on the winner of a fixture between two opponents. Where a draw is possible football, rugby, AFL, etc. Where a draw is not possible tennis, baseball, basketball, etc. This bet could apply to a specific period of the game e. Line bet handicap bet — a bet where the the underdog is given a points head start to create an even bet.

For example in a game between the Blues and Stormers, the line odds could be: Blues Margin bet — a bet on the amount of points or goals that one competitor finishes an event in front of another competitor. For a rugby game between the Blues and Stormers, a margin bet could be on the Blues to win by between 1 and 12 points. This combines the tallies of both sides. If a football game ends , the total is 4.

This contrasts with standard bets that either result in a loss of your wager or a payout based on the wager odds. The spread is a range of outcomes, and the bet is whether the outcome will be above or below this spread. To learn more, see the section on spread betting. Other terms Arbitrage — in a sports betting context it is a scenario where, due to a disparity in bookmaker odds, a punter can guarantee a net profit by backing all outcomes Bad beat — losing a bet under unusual or exceptional circumstances.

Examples include losing a low odds bet on a clear favourite and losing a bet in the dying seconds of a fixture. Learn more. Credit betting — betting using a line of credit with a bookmaker. This enables you to bet without first depositing funds.

If your bet wins you receive money into your account balance. If your bet loses you have a set period of time to top up your account. In head-to-head betting there are two competitors so the payout is half the value of a winning wager. Had you backed the underdog, say at 2.

Dividend — the payout or return in currency terms from a winning bet. Even money — a betting outcome at 2. Some examples are below. This is an important term to understand. Ante Post prices are offered well in advance of a race. You can seek Ante Post odds for a horse to win the next Grand National months ahead of time and you might get a better price, but you run the risk of your selection losing form or getting injured and not taking part.

At the Post. What does at the post mean. What does back mean. Place a wager on or bet on a selection to get a predicted result. What is a banker. A safe bet. A very strong favourite. Bettors often include a banker in a multiple or combination bet to strengthen their hand. Betting Exchange.

What is a betting exchange. Second highest scoring nfl game Betfair is an example of a betting exchange. It is a peer-to-peer network where bettors can offer each other wagers, so customers of betting exchanges bet between themselves. You can place a bet on a horse to win a race without the favourite included in the results. What is a bookie. Short for bookmaker, the person or company licensed to offer odds and accept bets from bettors.

What does BTTS mean. Both teams to score. A bet on both teams in a match to score at least one goal each. What is a century. What is a colt. A male horse which is less then five years old. At five it becomes a Stallion. What is a dam. The male parent is a sire.

Dead Heat. What is a dead heat. Where an event is tied. Two or more selections finish level. Decimal Odds. What are decimal odds. Typically the format used to express odds in Europe. What does evens mean. Sports betting terminology What is the favourite. The selection horse, greyhound, player or teams with the shortest odds for the win.

The most fancied winner. What does FGS mean. Abbreviation for First Goalscorer. What is the field. What is a fillie. A female horse will be called a Mare once it reaches five years of age, before which it is called a Fillie. First Past the Post. What does first past the post mean. The selection which is first to cross the finish line in a race. The winner.

What does form mean. The performance history of an athlete, player, horse, greyhound or team. The level at which the selection usually performs or has recently performed. Used by bookmakers to set prices and by bettors to assess odds and make selections. What does FPTS mean. Abbreviation for First Player To Score. Fractional Odds. What are fractional odds. The standard way of writing odds in the UK.

Fractional odds allow you to calculate your potential profit not including your stake. Full Time. What does full time mean. When you back a team to win a match it is a full-time result bet. Bets in football are settled at the end of 90 minutes plus stoppage time and as standard they do not include results achieved in extra time or on penalties unless otherwise stated.

What does going mean. The going is good or hard or soft and so on. Different horses suit different conditions so this is crucial to prices. What is a grand. Handicap Race. What is a handicap race. Common in horse racing, handicap races see horses carry different weights in order to encourage closer competition. Better horses carry heavier weights.

In other sports such as football or darts you can bet on teams or players to get results with handicaps included in the odds. So you can bet on a team to win by more than two goals or a darts player to win by more than two legs, for example. Who is IBAS. What does lines mean in betting. Odds and handicap values offered by bookmakers to customers.

What is a longshot. A selection with long odds to win. A unfancied horse, an underdog or an outsider in a race or competition can be called a longshot. What is a maiden. A rather elegant term to describe a horse which is yet to taste victory in a race. What is a monkey. Nailed On. What does nailed on mean. What is a non-runner?

A selection which finally does not participate in a race or competition for which it was entered. What are odds. The price available on a selection for a bet from a bookmaker. On The Nose. What does on the nose mean. Each way means you back the horse to win AND to finish in the paid places usually 2nd to 4th depending on the type of race and your stake is split on those two bets.

So with each way you put less money on the win, unless you double your stake. On the nose all your stake goes on the win. What are picks in betting. Tips given by experts tipsters on selections they believe have a good chance of winning or getting results. What does places mean?

A small number of runners might mean only the first two finishers place, whereas in a big field down to fifth or sixth might be considered a place finish. What is a pony. Another colloquialism for a sum of money. What does betting price mean. The odds a bookmaker offers bettors on a selection.

What is a punter. A customer or bettor. The person placing the bet with the bookmaker. What does retuen mean in betting. What is a score. What is a betting selection. The athlete, player, team, individual, greyhound, horse, etc, that the punter has their bet on.

What is a betting stake. The amount being put down or placed by the bettor on the bet. Stake units refer to the value of each part of the stake in a multiple bet. Starting Price SP. What is the starting price. The final odds on a selection at the point the race starts.