Sports Betting Lingo, Vocabulary and Glossary
As there’s a particular language to every country, similarly there is a specialized language indicative of niche gambling thus creating sports betting lingo. In the gambling industry, each highly specialized niche tends to foster its own lingo. All things considered, sports betting lingo is a tool that refines the very act of betting. Just as a doctor is skilled in speaking professionally while amidst a surgery so too should a punter be during betting.
Learning new words requires that a student in this case, the punter reads voraciously. The act of reading sport betting statistics, watching sports betting webinars and absorbing new sports betting lingo is essential to learning new vocabulary. Try following a Sports bettor on Twitter or google the top sports betting books out on the market, and read a book a month to saturate yourself with sports betting vernacular. In brief, establishing a sports betting reading regiment will train your betting brain to think in the most advantageous way possible therein increasing the likelihood of success.
As soon as you come across a word you don’t understand, look it up and write it down. There’s an activation period that is pivotal to remembering. In brief, within 5 seconds of learning something new, reinforce this new word by writing it down. Keep a sportsbetting journal of your investigative work. Collecting sports betting strategies, bets, odds and sports betting lingo is key to unlocking the next step in your progression as a sports bettor.
Sports Betting Lingo Accelerates Playability
Commit to building a stronger sport betting vernacular by a) studying this edition of sports betting lingo. Afterwhich b) set a goal to use three new words a week. Altogether work them into your speech and writing. For example, writing out how and when you would say a new sport betting lingo so as to better see it in action. Furthermore, write down new sports betting lingo that you’d like to integrate into your vocabulary on post its. Post them around your desk and let them reinforce you as you live bet on a sportsbook or betting exchange.
There is a consensus of how memories form and solidify in the punter’s brain. On the whole, memories begin to fade shortly after they’re formed. They ultimately disappear into the oblivion unless we are exposed to the information again. For this reason, jot down new sport betting lingo and bring it with you in action as an accomplice on your next sports bet.
Spaced repetition software is also available on iOS and Android for download. In essence, just like flashcards if you review sports betting lingo regularly every day, a punter shouldn’t see the word more than 4-5 times before it enters their long term memory. All in all, the three aspects of vocabulary acquisition: learning, recall and retention pave a road for victory and success.
G in Sports Betting Lingo
A $1,000 bet.
Get Down/Getting Down:
An expression to depict the act of making a bet.
An expression to emphasize losing a wager or series of wagers.
A multiple consisting of 247 bets involving 8 selections in different events. In other words, 28 doubles, 56 trebles, 70 4-folds, 56 5-folds, 28 6-folds, 8 7-folds and 1 8-fold.
A £1,000 bet which is also known as a “big ‘un”.
An expression to describe the grand total of goals scored in all the ice hockey games that day.
In particular, winnings before expenses are taken into consideration.
H in Sports Betting Lingo
Half a Buck:
A $50 bet which is also known as a “Half-a-Dollar”.
Half Time Bet:
A sports bet that is placed specifically at the second half of a game.
A $50 wager which is also known as a “Half a Buck”.
A methodology used by bookmakers to make a one-sided event into a more attractive betting proposition. Furthermore, teams are awarded a number of points as a “head start”.
A punter who studies important key factors that influence the essential nature of a bet. For example, statistics, injuries, weather and news to so as predict the outcome of the game.
The art of attempting to predict the outcome of sporting events.
In sum, the total amount of money bet on an event or group of events.
A bet where returns on a team winning or drawing are determined by part-goal handicaps. On the other hand, it is also well known as the “Asian handicap”.
The act of placing wagers on the opposite side in order to cut losses or guarantee a minimum amount of winnings. In other words, this is also known as a “Lay-Off Bet”.
All in all, the Heinz is a multiple bet consisting of 57 bets involving 6 horses in different races.. In other words, 15 doubles, 20 trebles, 15 4-folds, 6 5-folds and 1 6-fold.
In brief, the percentage the house wins.
Holding Your Own:
To break even on a wager or series of wagers.
The half point in point spreads such as 6.5. Which is also the same as “6 and a hook”.
The act of losing a bet by exactly a half point.
A game drawing a lot of action on one side from pro handicappers.
Statistical information the bookmaker is not made aware of yet.
What is a casino or gambling facility.
I in Sports Betting Lingo
A bet on if a certain outcome of a previous bet comes true.
In the Money:
Describing the horses in a race that finish 1st, 2nd and 3rd and sometimes 4th. Sometimes on the horses on which money will be paid to bettors, it all depends on the place terms.
In the Red:
The act of owing money to someone.
Live match betting in which punters bet on the outcome or elements of a match while it is “in play”.
A type of bet where a punter predicts the outcome of a game and then “backs” their decision against the point spread of a bookmaker. It is also known as “Spread Betting”.
J in Sports Betting Lingo
A Jerk is better known as a “Draw”, “Push” or “Tie”.
When bookmakers don’t choose a favorite among two competitors/teams. Therein they make both joint favorites.
A term to describe the favorite in an event.
Referring to the commission that a bookmaker takes for each losing bet. Which is also known as “Vigorish” or the “Take”.
L in Sports Betting Lingo
Lay a Bet:
The act of accepting of a bet by a bookie.
This is the bookmaker or one who essentially “lays” odds.
Laying the Points:
Betting on a favorite and laying, giving points or odds, to the opposing side.
Laying the Price:
Betting on a favorite by laying money odds.
Money bet by a house, with another bookmaker, to reduce it’s liability.
Acronym for the “Licensed Betting Office” in the UK.
The odds get longer; in other words, more attractive for the punter.
The maximum amount a bookmaker allows a punter to bet before they changes the odds and/or the points.
The current odds or point spread of a particular event.
The person who establishes the original and subsequent betting lines. This is also known as the “Oddsmaker”.
The various odds offered to a punter.
A baseball bet placed only if both of the pitchers scheduled to start a game actually start. However if they do not start, the bet is therein cancelled.
A punter that has money.
An expression to describe an ‘almost’ guaranteed winner.
101.00 (100/1) odds offered against a competitor that is unlikely to win.
A team, athlete or horse that is ultimately perceived to be unlikely to win.
In sum, consists of 15 bets involving 4 selections in different events. For example, 4 singles, 6 doubles, 4 trebles, and 1 4-fold. On the whole, one winner means you’ll be paid at double the odds. On the positive side, if you get all four winners, a 10% bonus will be added to your returns. This is also known as a “Yap” or “Yankee Patent”.
Consists of 31 bets involving 5 selections in different events. For example: 5 singles, 10 doubles, 10 trebles, 5 4-folds plus 1 5-fold. One winner pays out at double the odds. With all five winners, a 20% bonus is added to your returns.
Consists of 63 bets involving 6 selections in different events. For example: 6 singles, 15 doubles, 20 trebles, 15 4-folds, 6 5-folds and 1 6-fold. One winner pays out at double the odds. With all six winners, a 25% bonus is added to your returns.
In summary, above average punters would jot down the sports betting vocabulary they’re not familiar with and repeatedly look at it on a daily basis. Moreover, using the phrase in conversation or while during gameplay means that you’ll have a better chance at remembering it for the long haul. Improving your wealth of sports betting language is the beginning to improving the wealth of other avenues of your life. In essence, doing so and working on self-improvement aligns you closer and faster to your pure potential of winning big. Given all of these points, that’s it for this edition of sports betting lingo: From G – L.