Sports Betting Terminology

We here at Online Sports Betting want to make sure you have all the online betting information you need. Therefore, our writers have come up with a handy list of common betting terms to help navigate the online sports betting world. We always like to mention, if you're heading online to bet on sports in Canada your top stops are Bodog, Sports Interaction as well as Bet365. Since its inception in 1994 Bodog Canada has built a great reputation as one of the top-rated customer-friendly sportsbook in the industry! We highly recommend checking them out!

Term Definition
ATS Against the spread
10 Cent Line The money line difference (10 cents) between what a bettor would lay with the favorite or take back with the underdog
20 Cent Line The money line difference (20 cents) between what a bettor would lay with the favorite or take back with the underdog
Beard Messenger Bettor
Buck $100
Chalk Favourite
Circled Game Game where action is limited due to uncertainties about weather, injuries, etc.
Cover Win by more than the pointspread
Dime $1000
Dime Line Slang used to designate the 10 cent money line.
Dog Underdog
Dollar $100
Edge Advantage
Even Money A wager on which neither side lays any odds
Exotic Bet Action other than a straight bet or parlay
Exposure The amount of money one actually stands to lose on a game or race
Firing Sports Betting a lot of money. A player who is ” firing” is wagering large sums.
Futures Wagers made, or lines/odds posted on an event or outcome taking place in the future. Ex: betting on who will be next year’s World Series champs.
Grand Salami A slang word for the over/under total for the combined score of all the hockey contests on the schedule for that day
Halftime Line A line on only the first half, or only the second half scoring of a football or basketball game
Hedge Bet the opposite of your original wager in order to reduce the amount of exposure you have on a game
Hook Half point in pointspreads
Juice Bookmaker’s commission, most often refers to the 11 to 10 football bettors lay on straight wagers. Also known as vigorish.
Laying Points Sports betting on a favorite pointspread contest
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.
Moneyline The amount you must bet to win 100 or the amount you win if you bet 100
Nickle $500
Off the Board Game where no bets are being accepted
Over/Under A bet on whether the combined total of the points/goals scored by the two teams will exceed or be less than a specified number
Overlay 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
Pick, or Pickem A game where neither team is favored
Pointspread The handicap, or head start, which the favorite gives to the underdog for betting purposes
Press To bet a larger amount then usual
Round Robin A series of parlays. A three-team round robin consists of one three-team parlay and three two-team parlays
SU Straight-up win, winner of a contest regardless of spread
Score To win a lot of money
Scratch Withdraw / Cancel
Sharp Wise-guy, seasoned, successful bettor
Side Bet / Side Wager Sports Betting on a particular team, or side, to win a contest
Soft Line A wagering line that is not current with the true posted line. A line that has been adjusted or moved as a result of action and does not reflect the true line as posted.
Spread An abbreviated form of pointspread
Steam When a betting line starts to move quite rapidly because many bettors are playing on one side of the game
Straight Bet A single wager on a selected sir or over/under
Take the points A wager on the underdog in a pointspread contest
Teaser A bet on 2 or more teams where the line on each team is adjusted in the favor of the bettor. Like a Parlay, all selections must be correct for the teaser to win
Total The line on a given contest, representing the combined number of points/goals scored by the two teams
Underlay When the odds on a proposition are in favor of the house
Value An overlay
Vigorish Bookmaker’s commission, most often refers to the 11 to 10 football bettors lay on straight wagers. Also known as juice.
Wise Guy Established and successful sports bettor

OnlineSportsBetting Team

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