Tagged in: Sports Betting Glossary

Sports Betting Glossary W-Z

Sports Betting Glossary W-Z

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 Sports Betting Glossary W-Z

Vigorish

Means the commission paid on losing bets to the bookie for the privilege of placing bets.

Wager
A wager is to have risked money, or something of value, on the outcome of an event.

Wiseguy
Refers to a knowledgeable sports bettor.

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Sports Gambling Glossary: A – C
Sports Gambling Glossary: D – F
Sports Gambling Glossary: G – I
Sports Gambling Glossary: J – L
Sports Gambling Glossary: M – O
Sports Gambling Glossary: P – R
Sports Gambling Glossary: S – U
Sports Gambling Glossary: W – Z

 

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Sports Betting Glossary S-U

Sports Betting Glossary S-U

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 Sports Betting Glossary S-U

Sharp
Refers to an intelligent sports bettor.

Shill
Refers to a person who promotes a sport service or sportsbook for compensation without acknowledging the fact.

Smart Money
Refers to the money wagered by intelligent bettors.

Sportsbook

Refers to an establishment that accepts wagers on sporting events.

Square
Refers to an naive bettor, who will typically lose money over the course of a season.

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Steam
Refers to a sudden rush of money all coming in on one team or total.

Stiff
Refers to a bettor who does not pay their debts.

Straight Up
Refers to the winner of a game without regard to the point spread.

Syndicate
Refers to a collection of gamblers who pool all of their efforts together in an attempt to beat the sportsbooks.

Systems
Refers to specific formulas used to determine a team to bet on in a sporting event.

Teaser
Is a wager that consists of at least two football or basketball teams and all teams must cover the point spread for the bettor to win.

Total
Is a betting opportunity that is won or lost depending upon the combined score of both teams in a contest.

Trends
Refer to specific situations and how teams respond for betting purposes in those situations.

Under
Refers going under the total (over/under) of a particular game.

Underdog
Means the person, or team, expected to lose an event.

Upset
Refers the underdog defeating the favorite.

You can also check :

Sports Gambling Glossary: A – C
Sports Gambling Glossary: D – F
Sports Gambling Glossary: G – I
Sports Gambling Glossary: J – L
Sports Gambling Glossary: M – O
Sports Gambling Glossary: P – R
Sports Gambling Glossary: S – U
Sports Gambling Glossary: W – Z

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Sports Betting Glossary P-R

Sports Betting Glossary P-R

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Sports Betting Glossary P-R

Parlay

Is a combination of two or more wagers that a bettor links together and all of them must win for the gambler to win their parlay bet.

Parlay Card
Means a bet on two or more teams (or totals) where all of the games must win in order for the bettor to win the wager.

Past Post
Means to place a wager after a game has started and is frequently used when the game is finished.

Pick
Refers to a game in which neither team is the favorite.

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Press
Means to start wagering more money than usual, generally in an attept to recoup previous losses.

Point Spread
Refers a handicap that is placed on the superior team in term of points for gambling purposes.

Price
Refers to the odds on a particular outcome happening. It can refer to an individual game, a series, or the entire season.

Prop Bets
Refers to wagers that have nothing to do with who wins or loses the game.

Puck Line
Refers to a hockey bet in which the bettor can either take the favorite -1.5 goals or take the underdog +1.5 goals.

Puppy
Is another name for an underdog; the team that is expected to lose and receives points when bet on using the point spread or favorable odds when wagering with the money line.

Push
Refers to a wager that ends up as a tie after the points spread is factored in.

Revenge
Is the term used when one team has lost its most recent game against the opponent it is now playing.

Reverse
Refers to two separate if bets using the same two teams.

Rundown
Means a list of all the day’s games and the odds on the games.

Run Line
Refers to a baseball bet in which the bettor can either take the favorite -1.5 runs or take the underdog +1.5 runs.

You can also check :

Sports Gambling Glossary: A – C
Sports Gambling Glossary: D – F
Sports Gambling Glossary: G – I
Sports Gambling Glossary: J – L
Sports Gambling Glossary: M – O
Sports Gambling Glossary: P – R
Sports Gambling Glossary: S – U
Sports Gambling Glossary: W – Z

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Sports Betting Glossary M-O

Sports Betting Glossary M-O

Sports Betting Glossary M-O

Middle
Is placing wagers on opposite teams with advantageous point spreads.

Money Line
Is used for betting on the winner of a contest where the point spread cannot be used, such as boxing, or is not used, with the bettor needing only to pick the winner, regardless of the margin of victory.

Odds
Refer to the various point spreads or money lines on any given contest.

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Oddsmaker
Is a person who creates odds on sporting events, but does not accept wagers.

 Off the Board
Refers to a game that no wagers are being accepted on.

 Off the Board
Refers to the initial point spread or money line offered by the sportsbook to bettors.

Online Sportsbook
Refers to a company that accepts sports bets over the Internet.

Over
Means to exceed the posted over/under (total) on a particular sporting event.

 Over/Under
over/under” is a bet that is won or lost depending upon the combined score of both teams in a contest.

 

You can also check :

Sports Gambling Glossary: A – C
Sports Gambling Glossary: D – F
Sports Gambling Glossary: G – I
Sports Gambling Glossary: J – L
Sports Gambling Glossary: M – O
Sports Gambling Glossary: P – R
Sports Gambling Glossary: S – U
Sports Gambling Glossary: W – Z

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Sports Betting Glossary

Sports-Betting-Glossary-D-F

Sports Betting Glossary D-F

Dime

Is equal to $1,000.

Dime Line

Means the difference between the favorite and the underdog on the money line is 10 cents

Dog

Means the team, or individual expected to lose the event.

Early Money

Refers to wagers that come in as soon as the betting lines are made available to the public to wager on.

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Edge

Means an advantage against the bookmakers.

Even Money

Means an advantage against the bookmakers.

Exotic

Means non-traditional bets, such as parlays, teasers, or round-robins.

Fade

Means to wager against the bets of a particular person or sports service by taking the opposite side.

Favorite

means the team, or individual, that is expected to win a particular event.

First Half Bet

Means to place a wager that will have the outcome decided on the basis of the halftime score.

Franklin

Means $100.

You can also check :

Sports Gambling Glossary: A – C
Sports Gambling Glossary: D – F
Sports Gambling Glossary: G – I
Sports Gambling Glossary: J – L
Sports Gambling Glossary: M – O
Sports Gambling Glossary: P – R
Sports Gambling Glossary: S – U
Sports Gambling Glossary: W – Z

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Sports Betting Glossary

 Sports Betting Glossary

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Sports Betting Glossary A-C

Action

Means to have a bet.

Angles

Refer to trends regarding teams and how often they cover the point spread in particular situation

AOPR

Is a handicapping term that stands for average opponent power rating, which is a number, that gauges how difficult the opposition of a particular team has been.

ATS

Means against the spread, generally referring to how a team fared against the point spread.

Bad Beat

Means a gambling loss that is difficult to swallow

 

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Beard

Means somebody who places bets for another person to conceal the actual bettor’s identity.

Bet

Means to risk money, or anything of value, on the outcome of a sporting event.

Bet Limit

Means the amount of money a bookmaker will accept on a particular wager.

Bookie

“Bookie” refers to a person who accepts wagers on sporting events

Bookmaker

Means somebody who accepts wagers on sporting events

Buck

“Buck” means $100.

Chalk

Means the team, or individual, that is predicted to win a particular event.

Circled

Means a game that has reduced betting limits, usually due to injuries, suspensions, or poor weather. 

Cover

Refers to the team that wins against the point spread.

You can also check :

Sports Gambling Glossary: A – C
Sports Gambling Glossary: D – F
Sports Gambling Glossary: G – I
Sports Gambling Glossary: J – L
Sports Gambling Glossary: M – O
Sports Gambling Glossary: P – R
Sports Gambling Glossary: S – U
Sports Gambling Glossary: W – Z

Get all the latest Betting and Sport News updates on your social media outlets. Find us on both Facebook and Google+!