Sports Betting Vocabulary, Lingo and Glossary: From M -P
Welcome to the next edition of Sports Betting Vocabulary and Glossary where we’re reviewing the letter M – P to accelerate comprehension of sports betting at large. Sports betting is a competitive fast-paced niche offering the thrill of live real time betting. In the heat of the moment, it’s often difficult to grasp the language. The vernacular of sports betting is highly stylized and immersing in it in as many ways possible will enhance your overall comprehension. Take a look at this next installment of sports betting lingo and herein increase your overall knowledge of sports betting vocabulary.
M in Sports Betting Vocabulary
In other words, pari-mutuel computers/calculators.
The overall amount a competitor in an event finishes in front of another competitor.
A method where a bettor doubles the size of his previous bet, hoping to win back the money lost and make a profit, also known as “Doubling-Up”.
A cover that occurs in the last moments of the game, also known as a ‘Back-Door-Cover’.
Betting both sides of a game at different prices with the intention of winning both wagers.
A punter who bets both sides of the game.
In regards to pari-mutuel betting, a situation in which so much money is bet on a horse that the pool is insufficient.
Money Back Bets:
Exclusively offered on major events. These bets refund your stake as a free bet if an event advertised in the offer actually happens. However, only pre-match single bets qualify for refunds. In regards that they are placed on specified game markets.
A bet when there is no point spread involved.
An expression to describe a £500 wager.
A forecast of probable odds.
Move the Line:
A punter who pays an additional fee to receive half a point or more in his favor on a point spread game, also known as “Buy Points”.
A type of bet where if the first bet wins, the winnings become the bet on the second bet and so on. It is commonly known as a “Parlay”, “All Up” or “Accumulator”. In sum, all the selections or at least two made must win for the punter to win the multiples.
A punter who is bad luck.
A punter who does not pay his debts, also known as a “Stiff”.
The total amount bet to win, place or show in a race. This can also be the total amount bet on for example the Daily Double, Exacta and Quinella.
N in Sports Betting Vocabulary
A person who is new to gambling or to forums otherwise called a rookie or “Square”.
The lines appearing in various daily newspapers. To be noted, these lines are approximate and can be inaccurate and/or misleading.
An expression to describe a $500 wager.
This is a sports wagering line where the “Juice” or commission is 5%.
A bet in which no money is lost nor won.
Involves betting on events that have nothing to do with sports such as popular TV shows, wagering on current affairs, as well as Royal Wedding and presidential elections.
O in Sports Betting Vocabulary
A person working for a sportsbook who sets the odds following research, also known as an “Oddsmaker”.
At horse racing tracks, an employee calculating the changing of odds as betting progresses.
When the odds are greater than evens.
Odds-On/Odds On Favorite:
When the odds are shorter than evens.
A person who creates odds on sporting events, but does not accept wagers, also known as an ‘Odds Compiler’.
The amount the Las Vegas point spread differs from the lines of other sports betting sites. By and large having derived their data from various computer software systems.
Off the Board:
1) A game where sportsbooks are not accepting any more bets. Sportsbooks take a game “Off the Board” when they suspect the outcome of the game has been fixed. Thus they do not lose any more money on that particular match.
2) A horse bet with pari-mutuel odds exceeding 100.00 (99/1).
Off the Top:
The action of subtracting a fixed “Take” percentage from the pari-mutuel pool before paying holders of winning bets.
Wagering taking place away from the horse racetrack.
The line the sportsbook uses for betting purposes.
On the Nose:
A bet that a horse will win.
A $100 wager and it is also known as a “Dollar Bet”, “C-Note”, “Franklin” or “Buck”.
This is the earliest line posted for a particular sporting event.
This is an illegal bookmaker.
A bet on the outcome of an entire league or competition as opposed to on an individual game. Outright bets are typically placed before the season starts, but are also available even during the course of the season.
These are the competitors that are not expected to win. The opposite to the favorite and typically offered at lengthy odds.
A sports bet where the punter guesses that the combined point/goal total of two teams will be above a specified number.
A wager on whether the combined total of the points or goals scored by the two teams will exceed or be less than a specified number, also known as the “Total”.
When the book results in a loss for the bookmaker.
This is when the odds of a proposition are in favor of the punter not the house. For instance, a horse whose odds are high in comparison to its perceived chances of winning the race.
This is the profit margin in the sportsbook’s favor.
P in Sports Betting Vocabulary
Also called the “Accumulator”, “All Up” or “Multiples”. This bet is on two or more teams or outcomes where the original stake and winnings are reinvested on the next wager. Moreover all selections must be correct for the parlay to win. Furthermore, in the event of a push or the cancellation of the game, the parlay reverts to the next lower number.
Bets on a minimum of three and up to 15 propositions.
A bet that is made after the start of a game or horse race.
A multiple bet consisting of 7 bets involving 3 selections in various events. For example, a single on each selection, plus 3 doubles and 1 treble.
A money line adjusted in increments of a penny.
A bet typically used in horse-racing in which the punter correctly picks which two horses will finish in first and second place in any order, also known as an ‘Exacta Box’ or ‘Perfecta’.
After making 3 selections (A, B and C) the punter can ‘perm’ all the possible doubles. In regards to this, all the doubles possible are AB, AC, and BC. In sum, a total of 3 individual bets, or lines. Similarly after making 4 selections (A, B, C and D) the punter can also ‘perm’ all the possible doubles from these four. In detail, the doubles are AB, AC, AD, BC, BD, CD, a total of 6 individual bets, or lines.
A proposition challenging the punter to pick six winners of six successive races. This is also known as “pick six” or “five-ten”.
A game where neither team is favored.
The selections chosen by an pro to bet on and they’re also known as “tips”.
The action of paying a bookmaker in installments.
1) An expression used to describe a 2nd place finish.
2) Typically used in horse and greyhound racing.Refers to a horse or greyhound “placing” in the top 3, 4 or sometimes, 5 in the race.
A bettor or punter.
A bet on two or more teams whereupon the line on each team is adjusted against the favor of the punter, but with a higher payout. Similar to a parlay, all selections must be correct for the pleaser to win.
Most typically used in basketball and football games. A point spread is considered a handicap too and generally speaking it refers to providing a team with a head start.
A £25 wager.
It is the total amount bet to win, place or show, or in a daily double for a race.
This is commonly used in horse racing. In brief, it’s the scheduled starting time of a race.
The strength of a team in relation to another team.
Practical Hold Percentage:
The amount won by a sports book divided by the total amount wagered. It is also known as “Earn”.
Wagering a larger amount than usual.
The odds or line of a game or event.
A bet offered on unique events like sporting events, politics, and trial outcomes. In essence the bet uses the money line format. Overall it may include who scores the first touchdown in the Super Bowl. Or for example who will win the next presidential election.
The action of giving odds of a goal spread in ice hockey. Rather than using a Canadian Line where both a goal spread and money line are played.
An expression to indicate the game of ice hockey.
An UK expression for a bettor.
A fraud company that sets up for a season then disappears with all of the bettors’ deposits.
The underdog which is also known as “Alpo”, “Bow-Wow”, “Dog” or “The Short).
An event/race ending with no winner or loser for wagering purposes. This is also known as a “Jerk”, “Draw” or “Tie”.
That’s it for this edition of Sports betting vocabulary. To make the most of remembering new lingo, consider writing down the new phrase and making an effort to look at it repeatedly. Sports betting vocabulary is available in more than one way. For example, listen and see sports betting vocabulary in action while watching sports betting webinars.