Glossary of sportsbetting terms - Revision history

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2019-12-31T18:25:17Z

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Abbreviations

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Abbreviations

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This page contains a list of common sportsbetting terms, definitions, and abbreviations. It should be noted that most terms are not universal and only used in certain countries.

== Glossary ==

A list of sportsbetting terms and their definitions. Visit each term's respective wiki page for a detailed explanation and examples if required.
<onlyinclude>
{| class="wikitable" style="text-align: center; margin: auto;"
|- style="background-color:#eaecf0;"
|style="width: 15%"| '''Term'''
|'''Definition'''
|-
|[[Accumulator]]
|A betting ticket where multiple bets are combined. Each individual bet selection must win for the accumulator to win. Also known as a [[parlay]] or [[multiple]].
|-
|[[Action]]
|
|-
|[[Against the spread]]
|A bet on the [[point spread]]. Also a team's record when factoring in each game's respective spread.
|-
|[[Alternate line]]
|[[Spread]]s or [[total]]s that are higher or lower than the standard market. These will have odds that are shorter or longer than -110.
|-
|[[American odds]]
|A format for displaying odds based on a $100 base figure. Popular in the United States.
|-
|[[Arbitrage]]
|Using the difference of odds offered at multiple sportsbooks to bet on both sides of a market to guarantee profit.
|-
|[[Asian handicap]]
|Positive or negative goal handicap applied to each side of a soccer match based on each team's perceived strength.
|-
|[[ATS]]
|Abbreviation for [[against the spread]].
|-
|[[Bad beat]]
|Losing a bet that appeared to be a certain winner.
|-
|[[Bonus]]
|Sign up rewards offered by betting sites to attract new customers.
|-
|[[Book]]
|Abbreviation for [[bookmaker]].
|-
|[[Bookie]]
|Alternate version of [[bookmaker]].
|-
|[[Buying points]]
|Obtaining a more favorable [[spread]] or [[total]] by taking lower payout odds.
|-
|[[Bookmaker]]
|An individual, establishment, or website that accepts sports bets.
|-
|[[Buck]]
|A $100 bet.
|-
|[[Canadian line]]
|A hockey spread. Also known as a [[puckline]].
|-
|[[Chasing]]
|Trying to win back lost money. Normally occurs by betting on late games.
|-
|[[Chalk]]
|The team that is [[favorite|favored]] to win a given match.
|-
|[[Closing line]]
|The final [[widely available line]] offered at the time the event begins.
|-
|[[Commission]]
|Bookmaker margins applied to betting markets to grant house advantage. Also known as [[vig]].
|-
|[[Cover]]
|A team covering their point spread. Either a favorite winning by more points than the spread, or an underdog losing by less.
|-
|[[Dart]]
|A randomly placed bet without any research.
|-
|[[Decimal odds]]
|An odds format where odds are displayed with a decimal number. Popular in Europe.
|-
|[[Dime]]
|A $1,000 bet.
|-
|[[Dime line]]
|A [[ten cent line]]; betting lines with a 10-cent margin between the odds of the favorite and underdog. (example: -140 vs. +130)
|-
|[[Dog]]
|The underdog of a match. The team that is not favored to win.
|-
|[[Edge]]
|One's betting advantage over a given market.
|-
|[[Even money]]
|A bet that would yield a 1:1 return on initial investment. A $100 risk provides $100 profit.
|-
|[[Expected value]]
|The amount of money a bettor should expect to net if they were to place a given bet an infinite amount of times. May also refer to the true value of a given betting market.
|-
|[[Favorite]]
|The side that the betting market views as being the probable winner. The betting odds will reflect how much that side is favored.
|-
|[[Fractional odds]]
|Betting odds displayed in fractional form, such as league or championship winner.
|-
|[[Future]]
|Odds for an event that will take place in the coming weeks or months.
|-
|[[Grand salami]]
|A bet on the combined goals/runs scored for every game that day. Examples: Home teams -2.5 runs or Total goals scored under 75.5.
|-
|[[Handicap]]
|A number set by [[oddsmaker]]s to counter the perceived difference in competing team's skill level. Also known as [[spread]].
|-
|[[Handicapper]]
|A bettor who forecasts the true outcomes of sports matches through math projections in order determine market [[advantage]] and bet accordingly.
|-
|[[Handle]]
|The amount of action a sportsbook has taken on a given betting market.
|-
|[[Hedge]]
|A bet placed on the other side of
|-
|[[Juice]]
|Betting margins or commission applied to a market by a bookmaker
|-
|[[Kelly Criterion]]
|Bankroll management technique which sizes bets according to perceived market advantage.
|-
|[[Laying points]]
|Placing a bet on the [[favorite]] [[against the spread]].
|-
|[[Limit]]
|The maximum bet size a [[sportsbook]] will take on a given market.
|-
|[[Line]]
|Another word for odds. Commonly used in the US to describe a match's [[point spread]].
|-
|[[Livebetting]]
|Wagering on a match that is already in progress. Livebetting is offered by many sportsbooks for popular events.
|-
|[[Lock]]
|A bet that a sportsbettor believes is guaranteed to win.
|-
|[[Longshot]]
|A bet that has a small probability of winning but yields a large potential return.
|-
|[[Margin]]
|The commission a bookmaker applies to their lines to generate house advantage.
|-
|[[Middle]]
|Using line movement (often as the match is progressing) to bet against an earlier wager to guarantee all outcomes.
|-
|[[Moneyline]]
|A bet on which team will win a match outright. Abbreviated [[ML]].
|-
|[[Moose]]
|Another term for a [[bad beat]]; a bet that appeared to be a certain winner but lost suddenly.
|-
|[[Multiple]]
|European term for a [[parlay]] bet.
|-
|[[Nickel]]
|A $500 bet.
|-
|[[Odds]]
|A numerical expression used to denote the return from winning a given bet.
|-
|[[Odds format]]
|Different ways of displaying betting [[odds]]. The most common formats are [[American odds|American]], [[Decimal odds|Decimal]], and [[Fractional odds|Fractional]].
|-
|[[Oddsmaker]]
|An individual responsible for setting [[lines]] at a [[sportsbook]].
|-
|[[Off the board]]
|A market or match that a sportsbook is not currently accepting bets on. Often due to a sudden player injury report. Abbreviated [[OTB]].
|-
|[[OTB]]
|Acronym for [[off the board]].
|-
|[[Over]]
|A bet on the combined points or goals scored by both teams being greater than the [[total]].
|-
|[[Parlay]]
|Combining multiple bets together on one ticket for a larger payout. Each individual bet must win.
|-
|[[Payout]]
|The total return from winning a bet. Includes both initial risk and profit.
|-
|[[Pick]]
|An event where the [[point spread]] is set at 0. Also called '''pick'em'''.
|-
|[[Point spread]]
|A numerical expression used to represent the perceived difference in skill between two competing teams. The [[favorite]] has a negative spread (-5.5) and the [[underdog]] has an equal but positive spread (+5.5).
|-
|[[Price]]
|The [[odds]] or [[line]] of a given match.
|-
|[[Prop bet]]
|A bet on a market other than a [[moneyline]], [[spread]], or [[total]].
|-
|[[Public]]
|Term used to describe casual or recreational gamblers.
|-
|[[Push]]
|A bet that ends in a draw with the initial risk refunded. For example, a team with a -14 spread winning by exactly 14 points.
|-
|[[Run line]]
|A [[point spread]] for a baseball game. Run lines are usually set at 1.5 due to the low scoring nature of the sport.
|-
|[[Selling points]]
|Betting on a [[spread]] or [[total]] that has a lower chance of winning but higher payout odds.
|-
|[[Sharp]]
|A knowledgeable sports-bettor who bets based on his or her perceived advantage over a given market.
|-
|[[Sportsbook]]
|A place that accepts sports bets. Either in-person at a casino or online at a betting site.
|-
|[[Spread]]
|A numerical expression used to represent the perceived difference in skill between two competing teams. The [[favorite]] has a negative spread (-5.5) and the [[underdog]] has an equal but positive spread (+5.5).
|-
|[[Square]]
|A novice sports bettor. Squares frequently bet on "obvious" markets such as popular [[favorites]] and [[over]]s.
|-
|[[Steam]]
|A large amount of wagers made quickly on one side of a betting market that moves the line.
|-
|[[Straight bet]]
|Placing a single bet on one individual outcome.
|-
|[[Taking points]]
|Betting on the [[underdog]]'s [[point spread]].
|-
|[[Teaser]]
|A [[parlay]] bet where [[spread]]s and [[total]]s are
|-
|[[Ten cent line]]
|
|-
|[[Total]]
|A bet placed on the combined number of points or goals scored by both teams. Sometimes called ''over/under'' and ''O/U''.
|-
|[[Tout]]
|Someone who sells picks or betting information. Usually a scammer.
|-
|[[Under]]
|A bet on the combined points or goals scored by both teams being less than the [[total]].
|-
|[[Underdog]]
|The side of a given market that is perceived as having a lower chance of winning.
|-
|[[Upset]]
|When a large [[underdog]] wins the match outright.
|}
</onlyinclude>
== Abbreviations ==

A list of common sportsbetting abbreviations and their associated meaning.

{| class="wikitable" style="text-align: center; margin: auto;"
|- style="background-color:#eaecf0;"
| '''Abbreviation'''
|'''Associated Term'''
|-
|ATS
|Against the spread
|-
|EV
|Expected value
|-
|ML
|Moneyline
|-
|O
|Over
|-
|O/U
|Over/Under
|-
|PL
|Puckline
|-
|RL
|Runline
|-
|TT
|Team total
|-
|U
|Under or Unit
|-
|WTD
|Week-to-date
|-
|YTD
|Year-to-date
|}

__FORCETOC__

@@ Line 137: / Line 137: @@
 |-
 |[[Hedge]]
-|A bet placed on the other side of
+|Betting against the outcome of an existing wager in order to secure profit or minimize loss.
 |-
 |[[Hook]]

@@ Line 35: / Line 35: @@
 |-
 |[[Backdoor cover]]
-|When a late scoring play(s) causes a team to cover the [[point spread]]. Most commonly used to describe [[underdog]] [[spread]]s.
+|When one or more late scoring plays lead a team to [[cover]] the [[point spread]]. Most frequently used when the [[underdog]] covers the spread on a garbage time score.
 |-
 |[[Bad beat]]

← Older revision		Revision as of 18:18, 31 December 2019
Line 1:		Line 1:
−	A detailed list of sportsbetting terms and abbreviations with their corresponding definitions.	+	A detailed list of sportsbetting terms and abbreviations with their corresponding definitions. Sports bettors throughout the world use different terminology when discussing their betting progress. Some of the terms featured on this page are not universal.

	== Glossary ==		== Glossary ==

← Older revision		Revision as of 18:15, 31 December 2019
Line 1:		Line 1:
−	~~This page contains a~~ list of ~~common~~ sportsbetting terms~~, definitions,~~ and abbreviations~~. It should be noted that most terms are not universal and only used in certain countries~~.	+	A detailed list of sportsbetting terms and abbreviations with their corresponding definitions.

	== Glossary ==		== Glossary ==

@@ Line 14: / Line 14: @@
 |-
 |[[Action]]
+|A bet on an event or sports match.
 |-
 |[[Against the spread]]

@@ Line 320: / Line 320: @@
 |'''Associated Term'''
 |-
-|ATS
+|[[ATS]]
-|Against the spread
+|[[Against the spread]]
 |-
-|EV
+|[[EV]]
-|Expected value
+|[[Expected value]]
 |-
-|ML
+|[[ML]]
-|Moneyline
+|[[Moneyline]]
 |-
-|O
+|[[O]]
-|Over
+|[[Over]]
 |-
-|O/U
+|[[OTB]]
-|Over/Under
+|[[Off the board]]
 |-
-|PL
+|[[O/U]]
-|Puckline
+|[[Over/Under]]
 |-
-|RL
+|[[PL]]
-|Runline
+|[[Puckline]]
 |-
-|TT
+|[[RL]]
-|Team total
+|[[Runline]]
 |-
-|U
+|[[TT]]
-|Under or Unit
+|[[Team total]]
 |-
-|WTD
+|[[U]]
-|Week-to-date
+|[[Under]] or [[Unit]]
 |-
-|YTD
+|[[WTD]]
-|Year-to-date
+|[[Week-to-date]]
 |}
 __FORCETOC__

@@ Line 331: / Line 331: @@
 |O
 |Over
 |-
 |O/U

@@ Line 33: / Line 33: @@
 |[[ATS]]
 |Abbreviation for [[against the spread]].
 |-
 |[[Bad beat]]
@@ Line 63: / Line 66: @@
 |[[Chalk]]
 |The team that is [[favorite|favored]] to win a given match.
 |-
 |[[Closing line]]
@@ Line 69: / Line 75: @@
 |[[Commission]]
 |Bookmaker margins applied to betting markets to grant house advantage. Also known as [[vig]].
 |-
 |[[Cover]]
@@ Line 87: / Line 96: @@
 |[[Dog]]
 |The underdog of a match. The team that is not favored to win.
 |-
 |[[Edge]]
@@ Line 96: / Line 108: @@
 |[[Expected value]]
 |The amount of money a bettor should expect to net if they were to place a given bet an infinite amount of times. May also refer to the true value of a given betting market.
 |-
 |[[Favorite]]
 |The side that the betting market views as being the probable winner. The betting odds will reflect how much that side is favored.
 |-
 |[[Fractional odds]]
@@ Line 120: / Line 138: @@
 |[[Hedge]]
 |A bet placed on the other side of
 |-
 |[[Juice]]
@@ Line 159: / Line 183: @@
 |[[Multiple]]
 |European term for a [[parlay]] bet.
 |-
 |[[Nickel]]
@@ Line 174: / Line 201: @@
 |[[Off the board]]
 |A market or match that a sportsbook is not currently accepting bets on. Often due to a sudden player injury report. Abbreviated [[OTB]].
 |-
 |[[OTB]]
@@ Line 201: / Line 231: @@
 |[[Public]]
 |Term used to describe casual or recreational gamblers.
 |-
 |[[Push]]
@@ Line 228: / Line 261: @@
 |[[Straight bet]]
 |Placing a single bet on one individual outcome.
 |-
 |[[Taking points]]
@@ Line 233: / Line 269: @@
 |-
 |[[Teaser]]
-|A [[parlay]] bet where [[spread]]s and [[total]]s are
+|A [[parlay]] bet where [[spread]]s and [[total]]s are adjusted to be more favorable.
 |-
 |[[Ten cent line]]
+|A betting line with a 10-cent margin between the odds of the favorite and underdog. (example: -140 vs. +130)
 |-
 |[[Total]]
@@ Line 243: / Line 288: @@
 |[[Tout]]
 |Someone who sells picks or betting information. Usually a scammer.
 |-
 |[[Under]]
@@ Line 252: / Line 300: @@
 |[[Upset]]
 |When a large [[underdog]] wins the match outright.
 |}
 </onlyinclude>