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Betting Glossary
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Action
A wager of any kind.
Book
An establishment that accepts wagers on the outcome of horseracing and sporting events. For horse racing we recommend Bet Jockey, and for sports betting we recommend V-Wager.
Bookie
Person who takes clients bets.
Bankroll
Your available gambling money.
Beard
A friend, acquaintance or other contact that is used to place bets so that the
bookmakers will not know the identity of the actual bettor. Many top handicappers and persons occupying sensitive positions use this method of wagering.
Buck
A $100 wager.
Deposit with: Neteller, PayPal, Credit Card, Western Union.
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Deposit with: Neteller, Credit Card, PayPal, Western Union.
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Buy Points
Buy Points means that you can move the pointspread so that you give away less points with the favorite or get more points with the underdog, for both football and basketball. To do this you must pay an extra 10% for each ½ point you buy in your favor. For the NFL and NCAA football, you will pay an additional 15% to buy on or off of 3 points - also know as Key Points. And if you buy through 3 points, you will pay an additional 20%. NOTE: There are NO Key Points for basketball. You pay a flat 10% for each 1/2-point you buy. An example of how to buy off of 3 points: the Kansas City Chiefs (-3) are 3-point favorites. To buy 1/2 point and make them a 2.5-point favorite, you would need to lay $125 to win $100.
Buy Point Table (Football Key Points)
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Buy 1/2 point to 3
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100/125
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Buy 1/2 point off 3
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100/125
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Buy 1 point to 3
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100/135
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Buy 1 point off 3
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100/135
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Buy 1/2 point any other
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100/120
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Buy 1 point any other
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100/130
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Canadian Line
A combination point line and moneyline in hockey.
Chalk
The favored team.
Chalk Player
Someone who usually only plays the favored teams. Rarely bets on underdogs. Also known as Favorite Freddie.
Circle Game
A game in which the betting action is severely limited. Usually occurs in those games that feature key injuries, inclement weather, or unsubstantiated rumors regarding a team. Most bookies "circle" all Ivy League Games.
Cover
To bet the spread by the required number of points. If such occurs you have "covered the spread".
Dime Bet
A $1000 wager.
Dog
The underdog in any betting proposition.
Dog Player
One who mostly plays the underdog.
Dollar Bet
A $100 wager.
Double Bet
A wager for twice the size of one's usual wager.
Due For
A team that is "due for" whether it is a win or a loss; many bettors like to play "due for" situations.
East Coast Line
Mainly used in hockey, which has a split-goal line e.g. - NY Rangers (1 - 1 ½) favorite over the Vancouver Canucks as opposed to goal spread plus moneyline (-1/2 -180).
Edge
Advantage.
Even Money
A wager in which no virgorish or juice is laid.
Exotic Wager
Any bet other than a straight bet, i.e., parlays, teasers, if bets, reverses, round robin, round robin box reverses, etc.
Fixed
Point shaving. Never say to a client that a game is fixed!
Future Bet
Bets accepted well in advance.
Futures
Odds posted on the winners of various major sport championships in advance of the event, including the Super Bowl, the World Series, the Stanley Cup and the NBA championship.
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