| Odds |
| Point
Spread |
| Number
of points a-team is favored to win by |
|
|
| Over/Under |
Total
number of points expected to be scored.
Sometimes
the over or under is favored.
In
this case the over/under is followed by an o or u,
then
the money line (9u-120, Baseball) |
|
|
| Money
Line |
The
money line is an indicator of the odds that a team will win.
A
negative money line represents how many dollars you would
need to bet to
win $100.
A
positive money line represents how many dollars you
would win if you
bet $100. |
|
|
| Parlay |
A
bet on two or more teams
All
selections must be correct for the next parlay to win.
In
the event of a push or a game cancellation,
the
parlay reverts to the next lower number, e.g. a 3-team parlay
becomes a 2-team parlay. |
|
|
| Pick |
A
game where no team is favorite.
PK
means a game is PICK’EM.
Basketball
and Football |
| Basketball
and football both use point spreads and the over/under. |
|
|
| Baseball |
| Baseball
uses the money line for odds. |
|
|
| Hockey |
| Hockey
combines both a point spread and the money line. |
| For
example, |
Boston +
1.˝ (+125) at Ottawa -1.˝ (-145)
Ottawa is favored by 1 ˝ goals
If you bet $145 on Ottawa, you would win $100
if Ottawa wins by two goal or more.
If you bet $100 on Boston, you would win $125
if Boston won or lost by one goal. |
|
|
|
ACTION
- Any bet or wager. |
| ATS
- against the spread |
|
BOOK
- A sports book or betting establishment that sets odds and
accepts wagers on the outcome of sporting events. |
|
CIRCLED
GAME
- A game in which the sports book reduces its normal betting limit
usually because of an injury or weather condition. |
|
COVER
- When the team wins by more than the point spread. |
|
DIME
- $1000 |
|
DIME
LINE
- A money line in which the vigorish or bookie's juice amounts to
10 percent. (No point spread involved) |
|
DOG
- the underdog or the team getting points. |
|
DOLLAR
- $100 |
| EDGE
- Advantage |
|
FUTURE
BET
- Bets accepted well in advance. Examples include betting on which
team will win the World Series or Super Bowl months before the
event. |
|
LINE
- The current odds or point spread on an event. |
|
LOCK
- A
term meaning can't lose. (NO SURE THING) |
|
MIDDLE
- When both sides of a point spread proposition win. |
ODDS-ON-FAVORITE
- A
horse, team or individual so favored by
the
public that the odds are less than even. |
| OFF
THE BOARD
- A game in which the sports book is not taking wagers on. |
|
POINT
SPREAD
- The predicted scoring differential between two opponents
listed
by a sports book |
|
POST
TIME
- The scheduled starting time. |
|
PUSH
- A tie in the betting. |
|
ROUND
ROBIN
- A method of parlaying two or more teams in all
possible
two-team parlay combinations. |
|
SIDE
- When one side of a betting proposition wins and the other side
ties. |
|
STRAIGHT-UP
WIN
- A victory by a point spread underdog. |
| TAKE
THE POINTS - A wager on a underdog |
|
VIGORISH
- The juice or commission taken out by the sports book
for
accepting the bet, usually 10 percent. |
|
WAGER
- Any bet. |
|
WISE
GUY -
A sophisticated bettor. |