Betting Terms – The Complete Sports Betting Terms

Soccer betting is hard, but it can be harder if you do not know the complete sports betting terms
needed to get by in wagering on games.
Now, we know how confusing sports betting lingo can be, particularly to new bettors, so this
article is a glossary of the most used betting terms you might have seen one or two places while
making your predictions.
Giving you this list is intended to help you stay in the know and get a deeper understanding of
sportsbetting whether you’re a professional or new bettor.
Complete Sports Betting Terms You Should Know

1. Action
2. Against the spread
3. American Odds
4. Bankroll
5. Bad Beat
6. Buy Points
7. Cover
8. Chalk
9. Consensus
10. Dime
11. Dog
12. Dollar
13. Edge
14. Even Money
15. Favourite
16. Field
17. Future
18. Grand Salami
19. Hedging
20. Hook
21. Handicap
22. In-game / In-play Betting
23. Juice
24. Joint Favourite
25. Key Numbers
26. Limits
27. Lines
28. Middle
29. Moneyline
30. Multiple Bets
31. Nickle
32. No Action
33. Off The Boards
34. Oddsmaker (Linemaker)
35. Parlay
36. Pick’em
37. Props Bet
38. Real Time Odds
39. Run Line
40. Steam Move
41. Spread
42. Teaser
43. Taking The Points
44. Under
45. Underdog
46. Wager
47. Action
    An action is any kind of wager or bet you place on a game.
48. Against the spread
    The result of a game including the point spread, or the margin in which a team or player is
    favoured in an event.
49. American odds
    American moneyline odds represent 1.91 decimal odds and 10/11 fractional pricing. Here, a
    winning bet of $110 gives $100 profit.
50. Bankroll
    A bankroll is the available amount you have to wager with.
51. Bad Beat
    A bad beat is when a wager promises to win, but ends up being a loss.
52. Buy points

You can get a better line by using alternative point spreads and game totals.

7. Cover
   In football and basketball you can win your bet if you cover the point spread.
8. Chalk
   Chalk is the favorite team in a match.
9. Consensus
   A breakdown of the total bets on an event shown as percentage form to indicate which team has
   more action.
10. Dime
    A dime is $1,000 bet.
11. Dog
    The Dog or underdog is the weaker team or the team bookmakers predict will lose a match.
12. Dollar
    Dollar is a $100 bet.
13. Edge
    An edge is your advantage as a bettor over the house or bookmaker, typically when you have an
    expected positive value.
14. Even Money
    An Even money is a wager where you are not paying any vigorish ( +100). Its simply placing a
    $100 bet to win $100 .
15. Favorite
    The stronger team or the one expected to win a game by the bookmakers.
16. Field
    You bet the field in proposition (prop) bets. This is an accumulation of all the teams or players
    that are not listed.
17. Future
    This is a bet placed on the future outcome of a sporting event. Like who wins MVP or the
    Stanley Cup. You get payment for future at the end of a season if your prediction happens.
18. Grand Salami
    Grand Salami is the over/under total of how many goals or runs that will be scored in all the
    games of a specific hockey or baseball league.
19. Hedging
    This is when you bet the opposite of your previous bet with the assurance of winning a small
    amount of money.
20. Hook
    Hook is the extra half-point you get. Buying a hook around three and you get a line of 3.5.
21. Handicap
    Handicap, spread or points betting is when oddsmakers even a game by putting a spread on it.
22. In-game / In-play betting
    These are bets placed after a game has started or is in progress.
23. Juice
    The cut, commission or amount charged by a sportsbook for taking your bet.
24. Joint favorite
    This is when the same odds are offered by two or more sides in a single event.
25. Key numbers
    These are the most common defeat margins, often used in football games where a team wins by a
    multiple of three or seven.
26. Limit
    The maximum amount a sportsbook can take on a single event.
27. Lines
    Another word for odds.
28. Middle
    These are bets that payout on two sides. You can middle when a point spread goes up or down
    before a match.
29. Moneyline
    Straightforward bets that have no point spread and involve predicting an outright winner.
30. Multiple bets
    Single wagers that back two sides or more on the same ticket. To cash out on multiple bets, all
    sides backed must win.
31. Nickel
    A nickel is a bet of $500.
32. No Action
    No Action is a game that is no longer accepting bets and all wagers are refunded.
33. Off the Board
    An off the board is a game or event a sportsbook won’t let you bet on.
34. Oddsmaker (Linemaker)
    An oddsmaker is a person who sets the opening line on a game.
35. Parlay
    A parlay is when you place multiple bets and tie them together, to get a higher payout here, all
    your events will have to win.
36. Pick’em
    A pick’em is a game with no favorite or underdog.
37. Prop Bets
    Prop bets are made for events in a game rather than the outcome. It can be a bet for passing yards
    or goals scored by a single player.
38. Real Time Odds
    These are live lines that update the second sportsbooks adjust their lines.
39. Run Line
    Runlines in baseball or hockey, lets you add runs for the underdog or minus run points from the
    favourite.
40. Steam Move
    A steam move is a sudden, drastic and uniform line movement across the sports betting
    marketplace.
41. Spread
    The margin by which one team or player is favored in an event.
42. Teaser
    A unique bet where you can adjust the point spread or total for a game. The more you change the
    spread, the lower the payout amount becomes.
43. Taking the points
    Taking the points is when you bet an underdog against the spread.
44. Under
    An under is a combined score of two teams which is less than what the sportsbook set.
45. Underdog
    The weaker team in a game.
46. Wager
    A wager is any type of bet.