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Gambling Online

Online Betting Terms

In this page we included only terms that are either different or don't exist in the terrestrial online casinos.

BM Bookmaker
BR Bankroll
Back door A 'cover' that occurs in the fading moments of a game
Bad beat Losing under uncommon circumstances
Beard One who places a bet for another
Beef A disagreement over the result of a bet
Bow-wow An underdog
Chalk A favorite
Circled game A contest on which betting limits are cut (the primary reasons for games to be circled are injuries and weather)
Cover A pointspread win
Degenerate A compulsive gambler
Dime $1,000
Dollar $100
Earn Percentage hold
Exotic Any bet other than a straight bet or parlay (in sports betting)
Exposure The highest amount of money a sports book stands to lose on a game
Figure Amount of money owed to or by a bookmaker
Form A chart used for horse racing information
Getting down Placing a bet
Handicapper A person who studies factors such as statistics, injuries, weather and news to foresee the outcome of games.
Handle Total amount of money wagered
Hedge To reduce amount of action by placing a bet on the opposite side of a previous bet
Hook A half-point
Juice Amount of commission kept by the house (also referred to as vigorish or vig)
Layoff Money bet by a house with another bookmaker to decrease its liability
Limit Highest sum of money accepted for one wager
Line The odds on a game (also referred to as price)
Lock A definite winner (there really is no such thing)
Matador A cover that occurs in the waning moments of a game (also referred to as a back door cover)
Mush A bettor who brings bad luck
Nickel $500
Off the board A game on which bookmakers are not accepting betting's (generally because of injuries)
Overlay When the odds on a game favor the players rather than the house.
Parlay One bet ticket written with at least two wagers (all must win for the ticket to cash)
Past post Placing a bet after an event has started
Pick'em A game with no favorite (the straight-up winner also would win bets)
Price 1. The odds on a game.
2. Playing a favorite.
Puppy The underdog
Round robin A single ticket with comprised of more than one parlay. (in sports gambling).
Rundown A list of odds on a specific day's games .
Scalper A player who bets both sides of a game.
Score A big win.
Sharp A stylish or professional sports bettor.
Square A beginning sports bettor.
Steam Intense action on one side of a game.
Straight bet One bet (as opposed to a parlay - in sports gambling).
Sucker bet Parlays, teasers or exotics (anything bookmakers use to entice squares to bet more)
Taking a Betting an underdog
Tapped out Penniless from gambling
Teaser A easy target wager that allows bettors to add and subtract points from posted odds
Tout service A company that sells selections on games (most in the United States are dishonest)
Underlay When the odds on a game favor the house rather than bettors.
Value See - "overlay".
Vigorish Commission kept by the house (also referred to as juice or vig)
Wise guy A professional sports bettor

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