Unlocking the Jargon: A Comprehensive Sports Betting Glossary

Unlocking the Jargon: A Comprehensive Sports Betting Glossary

Welcome to our comprehensive guide to the intricate language of sports betting. Whether you're a seasoned bettor or just dipping your toes into the world of sports wagering, understanding the terminology is crucial for success. From "Action" to "World Series," we've got you covered with explanations for every term you might encounter in your betting journey.


Action: A term denoting a valid wager or bet. If you have action on a game, it means you have a bet at stake.

Added games: Games not included in the regular Vegas rotation, often involving smaller schools. Information on added games is limited, and they may have restrictions on betting.

ATS (Against the Spread): A bet placed on the point spread outcome rather than the actual result of the game.

AFC (American Football Conference): One of the two conferences in the NFL.


Bet: To risk money on the outcome of an event.

Bookie/Bookmaker: A person or entity that accepts bets and sets the odds.


CFL (Canadian Football League): Professional football league in Canada.

Chalk: Slang term for the favorite in a game.

Correlated lines: Point spreads or runlines that are closely related to the game total.

Cover the spread: To win against the point spread.


Dime bet/Dime line: Slang term for a $1,000 bet or a line with reduced juice.

Dog/Underdog: The team or player not favored to win.

Double header: Two separate games played by the same teams on the same day.


Edge: Betting advantage.

Even money: A wager with a payout equal to the amount risked.

Exotic wager: Any bet other than a straight bet or parlay.


Favorite: The team or player expected to win.

Futures: Bets placed on the outcome of future events.


Grand slam: The four most important tournaments in tennis.


Half a dollar: Slang term for a $50 bet.

Handicapper: A person who studies and predicts sporting event outcomes.

Home team: The team playing in its home venue.


'If' bet: A wager dependent on the outcome of a prior bet.


Juice: Bookmaker's commission.


Key numbers: Numbers frequently seen in sports betting that can affect outcomes.


Laying the points: Betting on the favorite in a point spread event.


Moneyline: A bet on the outcome of an event without considering the point spread.


Nickel: Slang term for a $500 bet.


Odds: Likelihood of an outcome as determined by a bookmaker.


Parlay: A single bet linking multiple individual bets together.

Point spread: Handicap given to the underdog for betting purposes.


Quarter line: A bet placed on a specific quarter of a football or basketball game.


Runline: Baseball's version of the point spread.


Scouts: Individuals who study team plays and report findings to handicappers.


Teaser: A combination of two or more bets in which the point spread or total is adjusted in the bettor's favor.


Underdog: The team or player not expected to win.


Value: Getting the best odds on a betting proposition.


Wager: Another term for bet.


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Whether you're wagering on the Super Bowl or betting on your favorite MMA fighter, having a solid grasp of the terminology will enhance your overall betting experience. Happy betting!

Author - OnlineWagerReview.com Staff
Written by OnlineWagerReview.com Staff

OnlineWagerReview staff, the collective genius of betting gurus. Armed with unparalleled insights and a knack for predicting the unpredictable, we guide you through the maze of odds with wit and wisdom. Your ace in the world of betting.