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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'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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