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Betting Glossary
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Getting Down
Making a wager.
Going Down
Losing.
Handicapper
One who studies and rates sporting events.
Handle
Total amounts of bets taken.
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Hedging
Placing bets on the opposite side in order to cut losses or guarantee winning a
minimal amount of money.
Holding Your Own
Neither winning nor losing, just breaking even.
Hook
A half point added to football and basketball betting lines.
Hooked
Losing a wager by exactly one-half a point.
Hot Game
A game that is drawing a lot of action on one side by knowledgeable handicappers.
Juice
The bookmaker's commission, also known as vigorish.
Laying The Points
Betting on the favorite
Limit
The maximum amount a bookmaker will allow you to bet before he changes odds
and/or the points. Also the "cap" on what you can personally wager.
Line
The listed odds on a game (points or money line). Not satisfied with the lines of you're bookie, check V-Wager. The only place where you can make Home Made Lines: If there is an event you want to wager on and you cannot find a line, ask them to make one for you. Take advantage of this promo by joining and depositing via: Neteller, PayPal, Credit Card, Western Union.
Linemaker
The person who establishes the original and subsequent betting lines.
Lock
Easy winner cannot lose.
Longshot
A team or horse that is unlikely to win.
The Man
Bookie.
Middles
To win both sides of the same betting proposition; betting the favorite team at -1.5 with one bookmaker and then taking +3.5 with another bookmaker; the game ends up with the favorite winning by exactly 3 points, you have then "middled the game"; a favorite betting method of "Wise Guys".
Money Line
A moneyline is offered when no handicap is given, such as a pointspread or runline, and the odds are not therefore fixed. Payouts are then based on true odds rather than fixed odds. The favorite and underdog are given odds to win a game or fight.
The minus sign (e.g.-130) always indicates the favorite and the amount you must bet to win $100. The plus sign (e.g.+110) always indicates the underdog and the amount you win for every $100 bet. Therefore based on the above moneyline, you bet $130 to win $100 on the favorite. For the underdog, you win $110 for every $100 bet.
Newspaper Line
The betting line, which quite often appears in the daily newspapers. The lines are only approximate and quiet often totally inaccurate and misleading.
Nickel
A $500 wager.
Oddsmaker
The same as a linemaker.
Odds On Favorite
A horse, team or individual so favored by the public that the odds are less than
even.
Off The Board
A game on which the bookmaker will not accept action.
Off Lines
The amount the Las Vegas pointspread differs from our computerized mathematical
line.
Official Line
The line that the bookmaker uses for wagering purposes. The line, which comes from Las Vegas, is quite often referred to as the official line; however, the line that your bookie offers you is actually your "official line". Many smart bettors like to know the Las Vegas official line so that they can compare to their local bookies in order to determine how badly they are being "faded".
Outlaw Line
An early line, which is not an official line. Quite often linemakers allow specially
selected bettors to wager into the "outlaw line" before entering the line to the public.
The linemakers respect these individuals and use their input to create a final opening
number. This process is also called "ironing" or "flattening" the line.
Overplay
An advantage for the bettor in which the price on a given wager is greater than the
real probability of its success.
Over & Under
A wager for the total score by both teams will more or less than the total posted by the sports book.
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