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== Glossary ==
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|[[Action]]
|A bet on an event or sports match.
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|[[Against the spread]]
|[[ATS]]
|Abbreviation for [[against the spread]].
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|[[Backdoor cover]]
|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.
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|[[Bad beat]]
|[[Chalk]]
|The team that is [[favorite|favored]] to win a given match.
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|[[Cleaned]]
|Losing one's entire [[bankroll]].
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|[[Closing line]]
|[[Commission]]
|Bookmaker margins applied to betting markets to grant house advantage. Also known as [[vig]].
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|[[Contrarian]]
|An individual who wagers against [[public]] betting trends.
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|[[Cover]]
|[[Dog]]
|The underdog of a match. The team that is not favored to win.
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|[[Double chance]]
|Common market when betting on soccer. Bettors choose two results between home team, road team, and draw.
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|[[Edge]]
|[[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.
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|[[Fade]]
|To bet against.
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|[[Favorite]]
|The side that the betting market views as being the probable winner. The betting odds will reflect how much that side is favored.
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|[[Flat betting]]
|Risking the same amount for each bet. Could be a fixed amount ($100) or a percentage of a player's current [[bankroll]] (1%).
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|[[Fractional odds]]
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|[[Hedge]]
|A bet placed on Betting against the other side outcome of an existing wager in order to secure profit or minimize loss.|-|[[Hook]]|Half a point. Used when describing football and basketball [[point spread]]s and [[total]]s.|-|[[Implied probability]]|Conversion ofbetting odds into a percentage which includes the bookmaker's commission. Reveals how often one would need to win a bet with those odds to be profitable.
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|[[Juice]]
|[[Multiple]]
|European term for a [[parlay]] bet.
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|[[Mush]]
|A bettor who is viewed as being bad luck.
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|[[Nickel]]
|[[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]].
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|[[Opening line]]
|The earliest [[point spread]] available for a given match.
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|[[OTB]]
|[[Public]]
|Term used to describe casual or recreational gamblers.
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|[[Punter]]
|A sports bettor. Used in Europe and Australia.
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|[[Push]]
|[[Straight bet]]
|Placing a single bet on one individual outcome.
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|[[Sweat]]
|Nervously watching a game with action, either because of a large risk or close outcome late in the match.
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|[[Taking points]]
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|[[Teaser]]
|A [[parlay]] bet where [[spread]]s and [[total]]s are adjusted to be more favorable.
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|[[Ten cent line]]
|A betting line with a 10-cent margin between the odds of the favorite and underdog. (example: -140 vs. +130)|-|[[Ticket]]|An individual sports bet.|-|[[Tip]]|A bet suggestion provided by a [[tipster]]. Primarily used in Europe.|-|[[Tipster]]|Someone who shares betting picks. Primarily used in Europe.
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|[[Total]]
|[[Tout]]
|Someone who sells picks or betting information. Usually a scammer.
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|[[True odds]]
|The real odds of an event occurring. Bookmaker commission and public perception are removed.
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|[[Under]]
|[[Upset]]
|When a large [[underdog]] wins the match outright.
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|[[Value]]
|A bet that has a higher chance of occurring than the [[implied probability]] derived from the betting odds.
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|[[Vig]]
|Abbreviation for [[vigorish]].
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|[[Vigorish]]
|Bookmaker commission applied to betting markets to generate house advantage. Used in North America.
|}
</onlyinclude>
|'''Associated Term'''
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|[[ATS]]|[[Against the spread]]
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|[[EV]]|[[Expected value]]|-|[[ML]]|[[Moneyline]]
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|ML[[O]]|Moneyline[[Over]]
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|O[[OTB]]|Over[[Off the board]]
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|[[O/U]]|[[Over/Under]]
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|[[PL]]|[[Puckline]]
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|[[RL]]|[[Runline]]
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|[[TT]]|[[Team total]]
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|[[U]]|[[Under ]] or [[Unit]]
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|[[WTD]]|[[Week-to-date]]
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|[[YTD]]|[[Year-to-date]]
|}
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