There is a significant amount of terminology and jargon that is used in the wagering on sports. Because it is quite helpful to have a clear understanding of the meanings of various terms and phrases, we have developed this sports betting glossary in order to provide assistance. It is not necessary for you to get familiar with all of these terminology; nonetheless, you may find it helpful to make use of this glossary as a reference tool in the event that you come across anything that you do not understand.
The term “accumulator” refers to a wager that involves many choices, all of which must be accurate for the wager to be successful.
In the context of betting in general, action is a slang phrase. As an example, the bookmaker saw a great deal of activity throughout the game.
When you place a wager against the spread, you are betting on the result of the game being determined by a point spread.
Arbitrage refers to a situation in which the odds that are offered on a single betting market make it feasible to place many bets and ensure that a profit is made from each of them.
The term “Asian Handicap” refers to a particular kind of handicap betting that was first introduced in Asia and is very popular for betting on soccer.
“Bad Beat” refers to the occurrence of losing a wager under conditions that are improbable and very unfortunate.
Banker is a bet that is regarded to have a very high probability of winning.
An amount of money that is set aside specifically for the purpose of betting.
Bettors are able to place wagers directly against one another via the use of a betting exchange, which is a betting platform that completely removes the need for a bookmaker.
A person who places bets is called a “bettor.”
Bookie is an acronym that is often used to refer to bookmaker.
Bookmaker is a term that refers to a person or an organization that acts as a professional bookmaker by accepting wagers.
The acronym “BR” is often used to refer to “bankroll.”
Buck is a slang phrase that refers to a wager of one hundred dollars.
In the context of a point spread bet, “buying points” refers to the act of paying to get a half point or more against the opponent.
The C Canadian Line is a betting line that is used in the sport of ice hockey. This line mixes point spread betting with moneyline betting.
Chalk is a way of referring to the preferred in slang.
A person who often backs favorites is referred to as a chalk player.
The term “circled game” refers to a game in which the bookmaker places restrictions on the betting activity.
The word “combination bet” refers to any wager arrangement that includes more than one pick.
Take cover Winning a bet that was put against the point spread is referred to as “The Spread.”
The D Decimal Odds format is one of the three primary forms that are used to describe odds. Sports betting websites often make advantage of this.
A person who gambles regularly and frequently in a reckless manner is considered degenerate.
In slang, a wager of $1,000 is referred to as a “dime.”
The dime line is a betting line that allows for 10% vigorish.
One of the abbreviations for “underdog” is “dog.”
“Dog Player” refers to a gambler who has a tendency to wager on underdogs.
A bet that consists of two different picks is referred to as a double.
The phrase “drifting” is used to express chances that are increasing in length (in other words, rising greater).
The E Each Way wager is a two-part parlay. Two parts of the wager are placed on the same selection: the first half is placed on the selection to win, and the second part is placed on the same selection to finish in the top few places.
In the context of describing an advantage of any type, the phrase “edge” is employed. By way of illustration, bookmakers have an advantage over gamblers because of the vigorish that they charge.
Odds in which you have a chance of winning an amount that is equal to the amount that you have staked. The moneyline format reads +100, the decimal format reads 2.00, and the fractional format reads 1-1/1.
The word “exotic wager” refers to a wager that is not considered to be conventional.
A theoretical measurement of how much a wager is anticipated to win over the course of a bet’s lifetime is referred to as expected value.
The option in a betting market that has the highest probability of winning is referred to as the favorite.
The word “field” is used to collectively define all of the many options that are available in a betting market.
Fin: A slang phrase for a bet of fifty dollars.
As soon as a bet is made, the odds are considered to be fixed. No matter what happens in the future with regard to the probabilities of the appropriate pick, they remain unchanged.
Form: The most recent outcomes obtained by a person or a group.
When it comes to expressing odds, fractional odds are one of the three primary forms that are used. In the United Kingdom, it is often practised.
Bets that are put on the result of an event that will take place at some point in the future are known as futures bets.
The act of laying a bet is referred to as “G Get Down” in slang.
When it comes to ice hockey, the Grand Salami is a bet that is expressly placed on the total amount of goals scored in all of the ice hockey matches that take place on a certain day.