Sports Betting Glossary ([year] Update)
Welcome to the TrustnBet Sports Betting Glossary! This comprehensive guide is designed just for you, the passionate bettor. Whether you’re a seasoned pro or new to the game, our glossary covers all the essential terms you need to know.
Bookmark this page and refer to it whenever you have a doubt or need to double-check a term. Stay informed, bet smarter, and enhance your betting experience with TrustnBet!
#1 Sports Betting Glossary: 100 Most Important Terms in 2024
Accumulator (Parlay): A bet that links two or more individual wagers into a single bet, requiring all selections to win.
Action: A bet or the total amount wagered on an event.
Against the Spread (ATS): Betting on a team to win or lose within the point spread.
Arbitrage: Placing bets on all possible outcomes of an event to guarantee a profit.
Backdoor Cover: Scoring late to cover the spread unexpectedly.
Bad Beat: A losing bet that seemed like a sure win until a sudden, unexpected turn of events.
Banker: A strong favorite expected to win.
Bankroll: The total amount of money a bettor has available to wager.
Beard: A person who places bets on behalf of another to conceal the identity of the real bettor.
Betting Exchange: A platform where bettors can wager against each other.
Blowout: A game with a large margin of victory.
Book (Sportsbook): An establishment that takes bets on sporting events.
Bookie: A person who accepts and pays off bets.
Buck: A $100 bet.
Buying Points: Paying an additional price to receive a half-point or more in your favor on a point spread.
Chalk: The favored team or athlete.
Closing Line: The final odds or point spread offered before the game starts.
Consensus Pick: The most popular bet among the betting public.
Cover the Spread: When a team wins by more than the point spread.
Dime: A $1,000 bet.
Dog (Underdog): The team or individual expected to lose.
Dollar: A $100 bet.
Double Bet: A wager that is twice your usual bet size.
Draw (Push): A bet where no money is won or lost because the result was exactly the point spread.
Edge: The advantage a bettor has.
Even Money: A bet where the potential payout is the same as the amount wagered.
Exotic Bet: Any wager other than a straight bet, such as parlays, teasers, and futures.
Exposure: The amount of money a bookmaker stands to lose on a game.
Fade/Fading: Betting against a particular team, player, or the public consensus, often due to perceived overvaluation.
Favorite: The team or individual expected to win.
First Half Bet: A wager placed on the first half of a game.
Fixed Odds: Betting odds that do not change once the bet is placed.
Futures Bet: A wager on an event that will take place in the future, such as who will win a championship.
Grand: A $1,000 bet.
Halftime Bet: A bet placed on the second half of a game.
Handicap: A system used to level the playing field between two teams or players of differing abilities by assigning an advantage (in points, goals, etc.) to the underdog.
Handle: The total amount bet on an event.
Hedge: Placing a bet on the opposite side of an existing bet to reduce risk.
Hook: A half-point added to betting lines.
In-Play Betting: Betting on an event while it is happening.
Juice (Vig): The commission charged by a bookmaker.
Laying the Points: Betting on the favorite by giving up points.
Layoff: A bet placed by a bookmaker with another bookmaker to reduce their risk.
Limit: The maximum amount a bookmaker will accept on a single bet.
Line: The current odds or point spread on a particular event.
Linemaker: The person who establishes the betting line.
Live Betting (In-Play): Placing bets while the event is ongoing.
Lock: A highly confident bet.
Longshot: A bet with a small chance of winning but offers high odds.
Middling: A betting strategy that involves placing bets on both sides of a line at different times to potentially win both bets when the outcome falls in between the spreads.
Moneyline: A bet on which team will win outright, regardless of the point spread.
Mush: A bettor or gambler who is considered unlucky.
Nickel: A $500 bet.
Octopus: In sports betting, this refers to a player scoring a touchdown and then successfully making a two-point conversion, achieving eight points on a single drive.
Odds: The ratio of the payout to the amount bet.
Off the Board: A game that a bookmaker no longer offers for betting.
Off Track Betting (OTB): A regulated form of wagering on horse racing that occurs away from the race track, often at dedicated betting venues.
Outlaw Line: An early line not widely available to the public.
Over/Under (Total): A bet on whether the total points scored will be over or under a specified number.
Overlay: When the odds offered are higher than the true odds.
Parlay: A bet that combines multiple wagers into one, all must win.
Pick ’em: A game where neither team is favored.
Player Performance Double: A bet combining two outcomes: a player’s individual performance (like scoring a goal) and the result of the game (like their team winning).
Point Spread: The number of points given to the underdog or taken from the favorite to balance betting action.
Press: To bet a larger amount than usual.
Price: The odds or line on a game.
Prop Bet (Proposition Bet): A wager on a specific aspect of an event.
Public Money: Bets made by casual bettors.
Puck Line: In hockey, a spread of 1.5 goals.
Punter: A bettor.
Push: A tie, no winner or loser, and bets are refunded.
Reverse Bet: A bet that allows you to make a conditional wager on two or more selections.
Rollover Requirement: The amount you must bet before withdrawing bonus money.
Round Robin: A type of bet that involves making multiple parlays of a set number of teams or selections.
Run Line: In baseball, a spread of 1.5 runs.
Rundown: A listing of all the day’s lines.
Scratch: A canceled wager.
Sharp: A knowledgeable and experienced bettor.
Sports Betting Sponsorships: Agreements where betting companies sponsor teams, leagues, or events, often involving promotional activities, branding, and advertising rights.
Spread Betting: Betting on the margin of victory.
Spread: The point spread.
Square: A casual bettor who often loses.
Steam: When a betting line moves rapidly due to heavy wagering.
Straight Bet: A single wager on a game or event.
Sucker Bet: A bet that is considered to have a low probability of winning.
Taking the Points: Betting on the underdog and receiving points.
Teaser: A bet that allows adjusting the point spread for multiple games, but all selections must win.
Ticket: A receipt for a bet.
Total: The combined number of points scored by both teams.
Tout: A person who sells their betting advice.
Underdog: The team or individual expected to lose.
Units: A standard measure of the size of a bet, relative to a bettor’s bankroll, used to manage risk and maintain consistency in betting.
Value Bet: A bet with a positive expected return.
Vigorish (Vig): The bookmaker’s commission.
Void: A bet that is canceled and stakes are returned, usually due to an event not taking place or other specific circumstances outlined by the bookmaker.
Wager: A bet.
Wiseguy: A professional gambler.
Whale: A high-stakes bettor who places exceptionally large wagers, often influencing the betting market with their significant bets.
Yankee: A four-selection wager combining 11 bets (6 doubles, 4 trebles, and a fourfold accumulator).