Stands for “Against the Spread.” Used when citing a team’s point spread in football or basketball.
A system devised for soccer betting due to the number of games that tie. Asian handicaps are set in full, half, or quarter goal increments, and the chosen side must win by a certain amount of goals for the bet to payout.
A betting strategy that involves betting on both sides of a game separately to ensure a profit on at least one bet.
Also known as U.S. odds. This system displays odds in the hundreds and thousands with a plus (+) or minus (-) rather than fractions. If a team is a 3/1 underdog, in American odds, that would be displayed as +300.
Different point spread or totals options from the standard line to provide players with more variety of bets.
An individual who refers customers to a sportsbook for commission.
Can refer simply to a bet.
A bet on a horse to win, place, and show. The bettor collects in three ways: 1) if the horse wins; 2) if second, two ways (place, show); 3) and if third, one way, losing the win and place bets. This strategy includes three bets.
An accumulator is a common terminology in the European betting market. Accumulators are also known as “parlays” and refer to multiple individual bets tied together for a larger payout. All games in an accumulator must win in order for the bet to pay.
When a game ends in an improbable manner causing you to lose.
A last-second “cover” you place due to a change in the state of the game.
An individual who only bets on the favorite team.
The favored team in a game.
The act of withdrawing your winnings from your account.
The underdog.
$1,000 in betting lingo.
A condescending term to refer to people who are addicted to gambling.
Also referred to as “European odds.” Odds are shown in decimal form rather than the American hundreds and thousands format.
Also known as liability. Refers to the maximum amount a sportsbook can lose on a single match.
A type of measurement to gauge expected wins or losses over time.
Also known as a prop bet. Refers to any wager other than a straight bet or parlay.
A type of bet in horse racing where you pick both the first and second place horses.
A wager that gives the bettor back his or her original investment.
Also known as decimal odds. European odds display odds in either decimal or fraction form.
A perceived advantage a bettor may have over a sportsbook.
A special feature on select online sportsbooks where you can take out a certain amount of money before the match is finished.
A type of bet that focuses on a long-term result, for example, who will win the league or how many wins a team may get throughout the season.
Alternatively to American or European odds, players have the option to display odds in fractions instead.
The most basic odd of -110 on either side of a bet.
A set of odds restricted to the first quarter of a game specifically.
A set of odds restricted to the first half of a game specifically.
The team expected to win.
Betting on the over / under odds for every single game on the day’s schedule.
Betting on the team that is statistically most favored to win.
Placing a bet.
The half-point in point spreads (0.5). Having a hook eliminates any chances of a push (where the player gets their money back).
A perceived advantage given to the team that is playing in their own home arena or stadium.
The amount of profit the sportsbooks make after paying out all players.
An individual who bets with a large amount of money.
Wagering on the opposite team of an already existing bet to ensure you will win at least one of the two bets.
When a team is on a winning streak.
The total amount of money wagered at a sportsbook on a certain sport, a single game, or overall.
An individual who studies statistics and circumstances of a match in order to predict the outcome.
Also known as a second-half line. A set of odds is shown at the end of the first half of a game so bettors can bet on the second half.
When your bet hasn’t closed yet but all the terms are met for a win.
A live game. Sportsbooks allow you to bet on live games while they adjust odds to match the current state of the match.
The cost of making a bet which goes to the sportsbook.
Depending on the sport, points spread are based on certain key numbers. Since the scoring increments in football are 3, 5, 6, 7, and 10, point spreads are based on these numbers.
A bet that doesn’t have a realistic chance to win.
When a bet is perceived as “easy” or “can’t-lose”.
Odds that change as the match is being played.
Also known as In-Play / In-Game / In-Running. Betting on a match as it’s live.
The odds of a game. Also known as price.
Also known as an oddmaker. An individual who sets the betting odds.
A sportsbook may adjust certain odds due to external circumstance, injury, and other influencing factors.
The maximum amount of money that is accepted by a sportsbook for a particular bet.
Also known as exposure. The amount of money a sportsbook will allow itself to lose on a bet.
The act of a sportsbook betting with another sportsbook to reduce its liability.
Betting on a favorite.
A bettor who is superstitiously perceived to bring bad luck.
A last-second loss that happened unpredictably.
Moneyline is the most basic bet one can make. Moneyline bets are predicting which team will win flat out.
Also known as bankroll management. A strategy to manage and delegate money in your sportsbook account to maximize betting power.
Making a specific bet on the same match that allows the bettors to win both at the same time. For example, if a bettor placed a bet for Lakers -4 and Warriors +7 and the Lakers won by 2, then both bets would payout.
A page that covers all statistics of a certain match between two teams.
Also known as “back door cover”. When you make a cover late in the match.
Odds on events that are not sports, such as TV award shows or politics.
$500 in betting terms.
An individual who is new to betting.
The best or most likely to win the bet of the day.
Also known as a totals bet. A popular odd where the bettor predicts whether the final score of a match will be over or under the projected total.
When the odds favor the bettor rather than the house.
An odd where the bettor is betting above the projected total
A location bettors can place a bet at.
The odds shown at the start of a match.
A game that has been called off and sportsbooks are no longer accepting bets for.
An individual who sets the sports betting odds.
A heavyily favorited team that has a price higher than even money.
When your bet results in a tie and the money is refunded to you.
The underdog.
A sports bettor, more commonly an individual who recklessly gambles.
The hockey version of the point spread.
Used to refer to casual gamblers.
A prop bet is a unique type of bet outside of point spreads and over/under. Prop bets can include almost every other type of bet, such as player points, half-time points, etc.
An individual who bets on sports for a living.
A sheet where necessary information is printed on for a certain match.
The odds of a game.
Also known simply as the spread. A point spread is created by the sportsbook as a handicap to a certain team. Sportsbooks adjust the point spread to create an equal betting field between two teams.
A game where both teams are evenly matched, allowing the bettor to pick the outright winner for profitable odds no matter which side they pick.
The money that is earned from a winning bet.
A bet that is made after the start of an event.
Also known as an accumulator. A parlay is when the bettor wagers a single amount on multiple bets. Every bet has to win in order for the parlay to payout.
Odds that are confined to a specific quarter of a match.
Also known as a beard. Someone who places a bet for another person.
Baseball’s version of the point spread.
A ticket that has more than one parlay on it.
A way of calculating the gain and loss of a player’s betting history.
A common promotion among sportsbooks where the vig is shorter than the standard rate.
A match that is close until the last second of the game.
A horse racing bet where the bettor picks the first, second, third, and fourth-placed horses.
A bet that has a low chance of winning.
When you bet on a team to win.
A single bet (as opposed to a parlay or accumulator).
The money that is wagered on a bet.
Also known as a newbie or noob. Someone who is new to sports betting.
The shortened term for point spread.
A place, either physical or online, that accepts money from bettors to place bets on and then subsequently hand out payouts.
Odds that seem valuable to a bettor.
Wagers placed by a sharp individual.
An individual who is seen as cunning in terms of sports betting.
A big win.
An individual who constantly discusses unrealistic win percentages and predictions.
Also known as arbitrage. A strategy that involves betting on both sides of a match with different odds to ensure profit.
A horse race bet where the bettor has to accurately predict the first, second, and third place horses.
Short and long-term patterns and statistics of an event.
A service that sells predictions to bettors.
A number set by the sportsbook where the players predict whether a match’s points, goals, or runs will be over or under that number.
When you react to losses by losing control and placing more irrational bets.
A type of bet where you can customize the point spread.
When you run out of money.
The act of betting on an underdog.
Also known as juice. The commission kept by the sportsbook.
An overlay.
Also known as a cross-sport prop. When a bet includes results from two different sports.
When sportsbooks add additional juice to a popular match, under the assumption the match will attract a lot of attention.
Referees of a match.