SportsBetting Terms Defined Part 2
SportsBetting Terms Defined, part 2
continues with terms for passionate handicappers and
new players who want to learn about this popular form of betting.
of the unique betting terms, jargon and betting options are
Handicap types of bets, If Bets, Lock, Mixed Games and examples of
SportsBetting Terms Defined: G
Terms Defined: H – K
- Getting Down:
place your bet.
whoa–the mother of multiple bets that includes 247
bets for several events.
- Grand or
Big'un: A £1,000 bet.
- Grand Slam: refers to the
4 four major tennis tournaments Wimbledon, Australia Open, French Open
and U.S. Open.
Additionally, the 4 four major golf tournaments, The Masters, U.S.
Open, British Open and PGA Championship: Professional Golf Association.
For baseball, a Grand Slam is a homerun while all bases are loaded,
thus scoring four runs.
predicting the team to be the group winner.
SportsBetting Terms Defined: L
betting on the half-time results.
Time/Full-Time: 2 bets in 1 based on the results of half
time.Both choices must be correct to win excluding overtime.
SportsBetting Terms Defined: Types:Below are a few examples for
- Handicap 0: your chosen team wins. If there is a draw, your
bet is refunded.
- Handicap +0.5, +1: your chosen team wins or draws, but if
your team loses by 1 goal, you lose 50%.
- Handicap +1.5: your chosen team wins, draws or loses with a
- Handicap +2.5: your chosen team wins, draws or loses with a
goal difference of less than three.
-1: your chosen team wins with a goal difference of two or more. If
your team wins with a one-goal difference, you are refunded your stake.
- Handicap -1.5: your chosen team wins with a goal difference
of two or more.
-2: your chosen team wins with a goal difference of three or more. If
your team wins with a two-goal difference, you are refunded your stake.
- Handicap -2.5:
your chosen team wins with a goal difference of three or more.
professional who researches all aspects of the
game before betting.
total money wagered.
- Hang Cheng: Asian slang
for Point Spread.
- Head 2 Head: betting
on which team member scores the
highest vs. the team member against him/her.
to decrease the action by betting the opposite of a
- Heinz: 57
bets: include 6 selections for
- Highest Half:
betting on highest total score of a chosen
half. Basketball and American Football are popular games for this bet.
- Home Field
Advantage: refers to advantage home team based
on fan support.
half point in point spreads. For example, 3 1/2, 3
and a hook.
- Hoops: jargon used to
indicate the game of basketball.
known as the sport of kings, horseracing is arguably the most popular
sportsbetting venue. This could spark a debate with soccer sport
- IBF: International
- If Bets:
placed based on an ‘if clause’ with betting
selections/teams for football, basketball and baseball games. Thus,
when the bettor’s first ‘if bet’ is correct, they move on the second
‘if bet’ until the selections/teams they bet on is not in their favor.
- In and Out
Teaser: lingo for a combo selection of the
favorite, underdog and over and under for the same event.
- In The Red: lingo for
- Index Betting:
refers to spread wagering.
Favorites: jargon for 2 teams that are equally able
to win the game.
- Jolly: UK jargon used by
Bookmakers referring to Favourite.
- Juice: commission
that goes to the house, also known as
- Kite: UK lingo for a
SportsBetting Terms Defined: M -
- Lay a Bet: refers to a
bookie accepting a bet.
- Layer: yet another term
for a Bookie.
bookie's bet with another bookie to balance the
wagering he has received from his clients.
- LBO: abbreviations
for licensed betting office.
lingo for odds that are moving longer resulting
in an advantage for bettors.
term for individuals who set betting lines.
jargon for game odds.
- Live Bets:
betting on a specific sport game during live
lingo for easy winner.
- Long Odds:
lingo for odds that are more than 10 to 1.
- Lucky 15: refers to a
group of 15 wagers relating to 4 picks in different events.
- Lucky 31: refers to a
group of 31 wagers relating to 5 picks in different events
- Lucky 63: refers to a
group of 63 wagers relating to 6 picks in different events.
SportsBetting Terms Defined: O
record of difference between winner of event and
Games: betting on a virtual game between two teams. You
the goal difference between two teams that are not actually playing
each other but rather two other teams. The wager encompasses a
90-minute period without extra time or penalty shots for the number of
- MLB: Major League
- Most Goals:
betting on the time period that has the most
goals in the game.
- Money Line: is
established by the casino in-house or purchased from a company or
individual who calculates or makes
betting lines. The casino’s commission or vigorish is built into the
winning bets, just like a banker bet at the baccarat table.
The purpose for the casino is not to bet against the bettors, but to
provide an equal opportunity for bets on both sides, so the casino does
not end up paying out more money than it takes in.
It is the line maker’s job in creating the betting line to utilize a
method of handicapping that will penalize the favorite bet and
strengthen the opposition bet. This betting line can rise and fall up
to the start of the contest allowing the casino sports book to gather
as many bets as possible on the under-bet team, thereby, eliminating steam (heavy action on one side)
and establishing a profit no matter who wins the contest.
You lay, or give odds when betting the favorite, thus laying or giving
a large bet to win small, or taking odds on the underdog (dog) small
wager to win big.
- MVP: abbreviation for
Most Valuable Player.
- NBA: National Basketball
- NCAA: National Collegiate
- NFL: National Football
- NHL: National Hockey
lingo for $500.
SportsBetting Terms Defined: P
bookie's analysis of the chance of a win for an
event, to include profit.
term for odds that are more than even.
betting on whether total goals at the finish will
result in an even or odd number.
refers to payout in the minus or the amount bet to
sportsbetting terms for persons who set the odds
that are used by sportsbooks or bookies.
- Off the Board:
no betting accepted, usually in the case of
- Outright Bet:
win or lose bet on the outcome of the sport
game or race.
jargon for team or competitor who is a long-shot
to win, therefore, lengthy odds are offered.
wager that sport game will result in overtime.
wagers on the combined number of points scored in the game by both
teams. Examples of over/under sportsbetting terms follow.
2 goals line: event must finish with less then two goals
or more than
two goals. If one goal or less is scored, the under bets=winners and
- If two goals are scored in the event, all bets are void.
- If three goals or more are scored, under bets=losers and
2.5 goals line: event must finish with 2 goals or less
scored in the
event. Under bets=winners. If 3 goals or more are scored in the event,
- Over/Under 3
goals line: event must finish
with 2 goals or less scored in the event. Under bets=winners. If 3
goals are scored in the event, all bets are void. If four goals or more
are scored in the event, over bets=winners.
SportsBetting Terms Defined: R
combined bets on several games or events.
combo bet includes 7 bets and 3 selections for
- Permutations: refers to
'perm' selections. For example, if you have made 3 selections, A, B and
C, you can 'perm' all the possible doubles. Therefore, for this
example, all the doubles possible would be AB, AC, and BC for a total
of 3 individual bets or lines.
- Picks: term for the
expert’s betting selections.
- PK or Pick:
evenly matched teams.
Bet: a wager where your choice must finish in
one of the top
designated places. For example, finishing first, second or third in a
- Point Spread Bet: betting
information for sports is quoted with the point spread or spread on the big board. The
spread gives the underdog extra points, thereby challenging the favorite bettor to bet not just on
the win, but the win by more than the spread.
A bet on the underdog wins if the game is theirs, or if the favorite
wins by less than the spread.
If the favorite meets the spread exactly, the game is a tie for the
point spread bet, and all wagers are returned.
You are always laying odds on a point spread bet for whatever side you
choose, thereby paying more, e.g. $11 to win $10 and the house gets it
vig. Your bet is now locked in for you, regardless of any future
changes in the line. You can buy 1/2 point (+ -) usually 3 limit-by
accepting the odds that go along with it.
Example: to change a spread from +3 to +3 1/2 or from -7 to -6 1/2 on a
bet of $100, you must risk $120 to win $100.
refers to the odds.
jargon for game of hockey.
same as bettor.
point spread tie.
Bets: wagered on a specific element of a sport
game. Ex: how many points/goals will be completed.
terms defined is followed by part 3 of the sportsbetting glossary
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count for your total winnings.
Bets: used in combination with ‘if bets’ for sides or
bets are generally two straight bets and your reverse bet will be the
total for each straight bet. If your reverse bet wins, ties or
cancels, you then move to a second reverse bet.
- Round Robin:
lingo for 10 bets included in this wager.
listing of odds on a specific game day.
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