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Index Betting - Sports Odds, Markets, Tips aka Spread Betting

GLOSSARY OF BETTING TERMS

WHAT'S THE MATTER? CAT GOT YOUR TONGUE?

Having some problems keeping up with today's betting lingo? Fret no more, because here are the different terminologies ya'll can use to keep up with the best. Yup, you can do that because the best come here, and now, you're one of 'em.

  1. Action - means having a wager or a bet.

  1. Air Move - when a sportsbook changes the line on a game not in reaction to bets they receive but rather in response to another book changing their line

  1. Angles - when you use past game results to predict future results

  2. Against The Spread - means making a wager that will be decided by adding points to one team or the other after the game is played

  1. Arbitrage - means making a combination of bets so that if one bet loses, another wins

  1. Bar - to refuse someone from placing a bet in a given sportsbook

  1. Beard - a person who makes bets for another person

  1. Bet - to risk money on the outcome of an event

  1. Bet Limit - maximum bet size accepted by any given sportsbook

  1. Betting Exchange - a form of betting available on the Internet in which two parties are brought together to bet against each other

  1. Bet To Win - a wager on an individual to win an event

  1. Chalk - the favorite

  1. Churn - the betting and re-betting of money

  1. Circled - a game on which the book or bookie has placed a lowered maximum bet limit

  1. Cover - to win against the spread

  1. Credit Betting - betting without needing to have up front money on account to place a wager

  1. Data Mining - means sorting through a large volume of data, usually statistics, searching for profitable situations to bet on the future

  1. Dime Line - a line that charges only half of the juice of standard football bets

  1. Dog / Fav Money Line Differential - the difference in money lines between the favorite's lay price and underdog's take back

  1. Early Line - the first line posted for a game

  1. Edge - the belief that you have an advantage when placing a bet

  1. Even Money - betting a dollar to win a dollar without laying any juice

  1. Exotic - a bet other than the more conventional side or total bets

  1. Favorite - the team expected to win

  1. Field - a group of the entrants whose odds are not individually listed to win an event, usually longshots

  1. Flea - a small bettor who wants something for nothing

  1. Front Running - following betting lines on a computer, and betting in the same direction of line moves

  2. Futures - bets placed far in advance of the sports event

  1. Gamble - to risk money on the outcome of an event

  1. Handicap - to handicap is to analyze a contest and then to predict the outcome

  1. Handle - total amount of money taken by sportsbooks from placed bets

  1. Hedge - to bet the opposite of an original bet to offset the possible loss on the original action

  1. Hook - the half point in a point spread

  2. If Bet - allows you to link together two or more individual bets, similar to parlay

  1. Juice -the amount charged by the bookmaker for taking bets

  1. Line - used to even the odds of a particular sporting event

  1. Longshot - a large underdog who is not expected to win

  1. Matchup Betting - a bet based upon one individual competing head-to-head against another individual or a group of individuals

  1. Middle - to have separate bets on competing teams and for there to be the possibility of winning both bets

  1. Money Line - odds strictly on the straight-up game outcome with no consideration for a point spread

  1. Odds - the likelihood of an outcome occurring, stated in number form

  1. Off The Board - if a game is off the board, the sportsbook is no longer taking bets on it

  1. Offshore Sportsbook - a sportsbook accessed online over the Internet that offers several betting advantages due to convenience and competitive lines

  1. Opening Line - the first line posted for a particular sporting event

  2. Over - to bet that the final combined score of both teams in a game will exceed the Over / Under total posted for betting purposes

  1. Over / Under Bet - a bet on the combined scores or total points scored by both teams in a game

  1. Parlay - a single bet that links together two or more individual wagers and is dependent on all of those wagers winning together

  1. Parlay Card- a set of sides, totals and prop bets printed on a card

  1. Pick - any bet recommended by a handicapper

  1. Point Spread - used to even the odds of a particular sporting event

  1. Post-up Betting - betting from an already funded account

  1. Power Ratings - numbers that handicappers assign to teams to estimate how likely one team is to beat the other and/or by how many points

  1. Proposition Bets - additional, more exotic betting options on major sporting events

  1. Public Money - betting action coming from unsophisticated bettors or squares who get information from newspapers and TV preview shows

  1. Round Robin - a series of parlays

  1. Side - to bet on a single team to win a game against the spread

  1. Square - an unsophisticated gambler who uses the same information in the same way as everybody else does

  1. Straight-up -winning straight-up means simply winning on the scoreboard without any regard to the point spread

  1. System - using past game results to predict future results

  1. Teaser - similar to parlay, a teaser bet is a single bet that links together two or more individual wagers but is different in that it also allows you to adjust the point spread of each individual wager

  2. Total - a number set by a sportsbook for total points to be scored by both teams during a game

  1. Trend - using past game results to predict future results

  1. Under - to bet that final combined score of both teams in a game will fall short of the Over / Under total posted for betting purposes

  1. Vig - the bookmaker's commission

  2. Wiseguy - a successful bettor or handicapper whose insight comes from knowledgeable connections rather than his own handicapping