sportsbook glossary at gamerisms is divided into 3 parts beginning with
this introduction, 3 definitions and continuing with other sport
betting terms and types of bets.
In order to provide players with a comprehensive sportsbetting
guide, we have combined basic terms plus lingo and jargon with specific
types of bets in alpha order.
Examples are sportsbook and sportsbetting exchanges=basic
and buy the rack=lingo and/or jargon along with Ante Post and Asian
Handicap=type of bets.
Let's begin with Sportsbetting sportsbook glossary phrases.
wagering on a team or individual sport
organization online or off that accepts bets
on sporting events. A sportsbook will take bets on a wide-ranging
number of options.
In order to provide sportsbetting and sportsbook services, bookmakers
or bookies request a small commission or vig on all losing bets.
The commission will range from the typical 10% to as low as 5%.
Following the posted event, the sportsbook will pay winners accordingly.
This sportsbetting sportsbook glossary offers another term that refers
to a third betting option online:
manage wagers between gamblers directly online where players either act
as a book themselves by setting things up to earn a profit through
others or they will search for the best possible odds from another
The exchange players are involved only with one another and not the
house. However, the exchange charges a commission of the net winnings
for each customer on each event.
glossary: A - F
betting or wagering on sports events.
someone who sets up betting customers in return for
with this form of betting, no refunds are received
for scratched or withdrawn teams or participants. In the event of a
cancellation, the betting amount is refunded.
- Ante Post:
type of betting that is placed 1 or more days
before the date of the event.
- Asian Handicap:
basically, this method of betting
eliminates the tie or draw outcome. Thus, the player has two betting
options, win or lose, that each has close to a 50% chance of success.
The line is then created near 50% resulting in payouts close to even
money. This type of betting starts at a quarter goal and can go as high
as 2.5 or 3 goals in certain games.
specific team is said to be backed when a large
number of bets have been made.
lingo for a high expectation of a win, a very solid
- Bar Price:
term for odds of choices based on the last
jargon for a runner who makes bets for others.
disagreement over the bet result between a bookie and
- Betting Tax:
the taxman cometh based on the bookie's
- Bettor or
Punter: jargon for person making a bet.
term for a record of a bookmaker's bets taken for an
event and quoted odds to determine profit.
abbreviation for bookmaker or a person who takes
- Bookmaker: certified
bookie that can legally receive bets
and give odds to bettors.
lingo for 2 to 1 odds bet.
specialized handicapper for large show bets
- Buy Price:
refers to spread or index betting.
- Buy the Rack:
jargon for betting on all daily double or
other combo tickets.
- Canadian or
Super Yankee: lingo for combo bet of 5
selections and 26 bets.
- Carpet or Tres:
terms for 3 to 1 odds bet.
- Century or Ton:
jargon for £100.
the favorite bet.
lingo for someone who bets only on favorites.
- Circled Game:
a game where betting limits are lowered,
typically because of injuries and/or weather.
- Closing Line:
last list of point spreads before game/event
bet or Combo bet: a group of picks for sports
teams or horses to finish first and second in either order.
you win by more points than you laid or lose by more
points than you had taken with a point-spread win.
- Credit Betting:
term for bookie extending credit to the
- Dead Heat:
sportsbetting jargon refers to individuals or
teams that finish an event or game in exactly the same place or score.
It's a tie, folks!
- Dead Hit:
lingo for both bets winning.
Betting: using monies previously deposited with
bookie to place bets.
- Dime Bet:
lingo for pre-determined return on any bet.
the underdog in the game.
- Dog Player:
player who bets and cheers for the underdog.
- Dollar Bet:
lingo for $100 bet.
refers to 2 bets on 2 pre-determined events or 2
parts of the same event. Double or Nothing: even-money return, you get
your original bet back.
a tied event. If there is no draw bet offered, the
payout is between a determined number of joint winners.
- Draw/No Draw: betting
that a specific game will end in a
tie or dead heat not including overtime.
lingo for odds that get longer and to the bettors'
- Each Way Bet:
2 wagers consisting of a win and place bet,
each with an equal stake. To collect, your choice must win and finish
in one of the top positions.
- Even Money:
a bet where one side lays no juice or vigorish.
- Exact Score:
sport bet on the specific results of the game.
maximum amount a sports book can lose on a game.
sportsbook glossary is followed by terms G - R at gamerisms
bet refers to the expected winning team or
competitor, generally with the most money riding on it.
refers to all participants in an event.
- First Goal:
betting on the first goal/points in a game
- First Half:
sport bet on the score of the first half of the
- First Player
to Score: betting on the team member who
scores first in the game.
Quarter: sport bet on the score of the first quarter
of the game.
- First to
Score: betting on the team that will score first.
- Fixed Game:
illegally manipulating the final outcome of an
- Fixed Odds:
odds that do not change after your bet has been
placed. These odds are recorded and payouts are based on these stated
odds regardless of any changes afterwards.
combo bet for 23 bets based on 4 selections in
- Flash: refers
to changing odds displayed on tote board.
refers to tally of selections in an accumulator.
bet that predicts the first and second winner of
- Full cover:
jargon for all doubles, trebles and
accumulators included in selections.
bets made today for an event that takes place at a