Action
A sports bet of any kind.
Added Game
A game that is not part of Las Vegas regular rotation but is posted as an accommodation to customers.
American Odds
A price formatted as +100, +200, -100, -150, etc.
Angles
From the phrase "using the angles", using key factors from previous events to predict the results for future outcomes.
Ante-Post
See Futures, below.
ATS
Against The Spread.
Bet
To wager money on the outcome of an event. The money pledged on an event. AKA wager.
Betting
The act of placing bets.
Bettor
One who places bets. AKA player.
Book
Abbreviation for Sportsbook.
Bookie
Abbreviation for bookmaker; a term of endearment.
Bookmaker
An organization or a person that takes bets on sporting and other events at agreed upon odds.
Buck
Slang term for a $100 bet.
Canadian Line
See puckline, below.
‘Capper
See handicapper, below.
Chalk
Slang term for the favourite in a betting proposition.
Chalk Player
A player who usually bets on the favourite, rarely betting on the underdog.
Circled Game
A game where the action is reduced and cannot therefore be included in parlay or teaser bets. This usually occurs in added games, games affected by bad weather, some props or betting on game halves, rather than the full outcome.
Combination
See parlay, below.
Cover
Win a pointspread bet. In game terms, a favourite covers when it wins by more than the pointspread, and an underdog wins when it wins or does not lose by more than the pointspread.
Data Mining
Searching through a large volume of statistics to find profitable situations on which to bet in the future.
Decimal Odds
A price formatted as 2.00, 3.00, 4.50, etc.
Dime
Slang term for a $1000.00 bet.
‘Dog
Abbreviation for underdog.
‘Dog Player
A bettor who usually bets on the underdog, rarely betting on the favourite.
Dollar
Slang term for a $100 bet.
Double
A two runner parlay.
Edge
The rationale behind a bet.
Even Money
A price that returns the exact amount of the bet in profit. Formatted as +100, 2.00, 1/1 or EVNS.
Event
Something on which people can bet.
Exotic
See proposition, below.
Exposure
What a sportsbook stands to lose on an event.
Favourite
The team more likely to win an event in the view of the majority of bettors. The price reflects the degree of expectation.
Fifty Cents
Slang term for a $50 bet.
First Half Bet
A bet on the first half of a game.
Fractional Odds
A price formatted as 2/1, 3/1, 100/30, etc.
Futures
A betting market that is posted in advance of the event being bet. A bet on a team to win the Super Bowl before the teams contesting the Super Bowl are known is a futures bet. AKA ante-post betting, outright betting.
Gamble
See bet, above.
Getting Down
Slang term for placing a bet.
Grand Salami
An NHL betting market on the total number of goals scored in the hockey games that day.
Half a Dollar
Slang term for $50 bet.
Half Time Bet
A bet on the second half of a game.
Handicapper
One who sets the odds on an event. AKA line manager, linemaker.
Handicapping
The skill of correctly setting the odds on an event.
Handle
The number of bets taken on an event by a sportsbook.
Hook
The half-point sometimes seen in pointspreads.
Hot Game
An event attracting a lot of action.
Laying (the) Points
Betting the favourite in a pointspread event. The opposite of taking the points.
Laying (the) Price
Betting the favourite in a moneyline or straight-up event. The opposite of taking the price.
Limit
The maximum allowable bet.
Line
The odds, price or pointspread on a particular event.
Linemaker/Line Manager
See handicapper, above.
Listed Pitchers
The pitchers who must start (throw the first pitch) in a baseball game for bets on the game to stand at their original prices.
Longshot
A highly priced underdog.
(Betting) Market
An event on which bets are taken.
Moneyline
A straight-up bet where the winner is simply decided by who wins the game, irrespective of by how much.
Nickel
Slang term for a $500 bet.
No Action
A voided bet where the money staked is returned; a game that is off the board.
Odds
The probability of an outcome occurring on which the price is based.
Off the Board
A game on which the bookmaker is not taking bets.
One Dollar
Slang term for a $100 bet.
Opening Line
The initial price posted on an event.
Outright Betting
See Futures, above.
Over/Under
See totals bet, below.
Parlay
A bet on more than one event in which the winnings on one event are then rolled onto the next. All the events in the parlay must win for the parlay to win.
Payout
What a bettor receives when (s)he wins.
Pick'em
A pointspread event where neither team is favored.
Placing a Bet
Staking money that a particular outcome will occur in a particular event.
Player
Slang term for a bettor.
Pointspread
The margin by which a favourite is handicapped to win an event.
Price
How much the bettor will win if the bet wins, as derived from the odds.
Prop
Abbreviation for proposition.
Proposition
An event outside of mainstream sports betting, such as political happenings, celebrity news, etc., or else an event associated with a mainstream sports event but not vital to it – how much an individual player will score in a particular game, a quarterback’s passing yards, etc.
Puckline
A combination of the pointspread and moneyline in hockey. AKA Canadian Line.
Punter
British slang for bettor.
Puppy
Slang for an underdog.
Push
A pointspread event where the favourite wins by the pointspread exactly. As there is no winner or loser, all bets are returned.
Return
The bettor’s stake multiplied by the price. What the bettor wins.
Round Robin
A type of bet that features three or more teams in 2-team parlays.
Runline
A combination of the pointspread and moneyline in baseball.
Runner
An individual participant or team (selection) available for betting.
Sharp
A sophisticated or professional bettor.
Sportsbook
An organization that accepts and pays out bets.
Spread
Abbreviation for pointspread, above.
Square
A relatively unsophisticated, or novice, bettor.
Stake
The amount of a bet.
Steam Game
A game where the line starts to move rapidly because it is taking a lot of one-sided action. Most "steam games" do not necessarily reflect objective circumstances, but are games that a mass of bettors are drawn to for some reason.
Steam Chaser
One who bets on the favourite in a steam game.
Straight Bet
A bet on who will win a game without any regard to the pointspread.
Taking the Points
Betting the underdog in a pointspread event. The opposite of laying the points.
Taking the Price
Betting the underdog in a moneyline or straight-up event. The opposite of laying the price.
Teaser
A parlay bet on a series of pointspread events where the pointspread or total of each individual event is adjusted in favor of the bettor. The cost of moving the pointspread (teasing) is a lower price on the subsequent parlay.
Tie
See push, above.
Total
The combined amount of runs, points or goals scored by both teams during a game, including overtime.
Totals Bet
A bet that the total points scored in a game will be over or under the total posted by the sportsbook.
Underdog
The team less likely to win an event in the view of the majority of bettors. The price reflects the degree of expectation.
Wager
See bet, above.
Wise Guy
See sharp, above.