Tout: A self-proclaimed sports betting expert or service that offers their picks for a fee. Underdog: The team or player expected to lose a sporting event. Here’s a look at some common sports betting terms someone new to the game might need to place those bets – and hopefully cash a few tickets. Accumulator – This is similar to a parlay in that it involves a series of bets in one wager. Each of the bets must win in order for the wager to win. If one leg of an accumulator loses the wager loses.
Sports Betting Terminology
Horse Betting Terms
Sports Betting Terms Explained Odds
| Action | A bet or wager on an event |
| Agent | A go-between of the player and the bookmaker. |
| ATS | Short for Against The Spread. |
| Back Door | When a team comes back to cover the spread when it seemed unlikely |
| Bad Beat | When you lsoe a wager that you thought you had won |
| Bank Roll | Your wagreing budget |
| Beard | A person who places bets for another person |
| Bet | A wager |
| Bookie | A shortened term for the Bookmaker. Also known as the House |
| Chalk | A term used to describe a point spread favorite |
| Choke Job | Losing a wager you thought you had won |
| Cover | Winning a point spread wager |
| Dime | Betting lingo for $1000 |
| Dip | Another term for a Teaser wager |
| Dog | Short for a point spread Underdog |
| Dollar | Betting lingo for $100 |
| Even Money | A wager where you win your stake and no commission is taken |
| Figure | How much you are owed or owe the book maker |
| Handicapper | A person who offers betting advice for fee |
| Hedge | Placing a wager on the opposite side of a previous wager to prevent a loss |
| Juice | The commission paid to the book maker on a losing bet |
| Limit | The minimum or maximum wager a book maker will accept |
| Lock | A term used for a wager that seemingly can’t lose |
| Middle | Placing wagers on opposite sides of the same game to ensure a profit regardless of outcome. Also know as a scalp |
| Nickel | Betting lingo for $500 |
| Off The Board | A contest in which there is no betting line available |
| Parlay | A single wager in which two are more teams are bet. In order for the wager to win, all the teams need to cover their point spreads |
| Past Post | Placing a wager after an event has already begun |
| Point Spread | The betting lines a book maker assigns to an event |
| Push | Neither a win or a loss. A tie |
| Runner | A person who places bets for another person |
| Scalp | Placing wagers on opposite sides of the same game to ensure a profit regardless of outcome. Also know as a middle |
| Sharp | A successful or professional bettor |
| Square | An amateur bettor |
| Steam | When large sums are wagered on a specific bet in a short period of time |
| Teaser | A single wager on multiple teams where you are given 'points' to adjust the odds of an event based on the number of teams involved |
| Tout | Another term for Handicapper |
| Wager | Another term for a Bet |
| Wise Guy | Another term for a Sharp or professional bettor |
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