Sports Betting Vocabulary and Glossary: From T – Z

Sports Betting Vocabulary and Glossary: From T – Z

There are many things punters can do to learn new sports betting vocabulary. Learning new words is easy yet applying them in action is a whole other playing field. By finding knowing your particular learning style, a punter can choose ways to expose themselves to sports betting lingo in a more personalized way. For example, visual learners may find more success in keeping a list or a diary. On the other hand, if you learn better from hearing information then listening to podcasts or youtube tutorials may be a better learning tool.

Utilizing sports betting vocabulary when you’re chatting with fellow punters and then incorporating it into your daily routine will ensure that the information is retained. Active listening permits the punter to pinpoint not only the phrase but also the context that it’s being used in. Notably learning a group of words that travel together is ultimately recommended which is why this edition of sports betting vocabulary is engineered for success. 

While there are different learning styles, there are apps and programs that are specialized to deliver content for each one. For one thing, there’s flashcard studying in the app Anki as well as very useful mnemonics given on Memrise.com. All in all, experience teaches vocabulary in action which is why the brain remembers things better when it’s an actual person, place or situation. Check out the following sports betting vocabulary and then hop on a sportsbook and use the new vocabulary in live betting.

T in Sports Betting Lingo

Take:
Money deducted from each pari-mutuel pool for track revenue and taxes.

Take Out:
The portion of the pari-mutuel pools not returned as winnings. 

Taking the Points:
The action of betting on the underdog and its advantage in the point spread.

Taking the Price:
The action of betting the underdog and accepting money odds.

Taking/Taking the Odds:
The action of betting on the underdog.

Tapped Out:
The action of being broke from gambling.

Teaser:
This is similar to a parlay particularly since all selections are required to win in order to qualify for a return. A sportsbook determines which matches will be combined to create a teaser bet. The main thing that differentiates teasers from parlay bets is that punters are allowed to move the line or the point spread in their favor, therein increasing their winning chances. In fact by moving the point spread in his favor, the punter is forced to place their bet at lower odds than originally specified. However, it’s a risk most punters are willing to take.

Ten Cent Line:
This is the money line difference of 10 cents between what a player lays with the favorite. Or takes back with the underdog. It is also known as a “Dime Line”.

The Short:
The underdog and is also known as “Alpo”, “Bow-Wow”, “Dog” or “Puppy”.

Theoretical Hold Percentage:
The edge a sportsbook would have IF the odds guaranteed it a constant commission regardless of the outcome.

Thick ‘un:
A large wager such as one more than a £1,000.

Tic-Tac:
The code of hand signals by which UK on-track bookmakers’ employees relay information. These signals convey current odds and betting around the racetrack.

Ticket:
A sports betting wager which is also known as a “Bet”.

Ticketer:
Somone who forges bookmakers’ tickets.

Tiercé:
This is a French combination bet where the punter predicts the horses that will finish 1st, 2nd and 3rd.

Tips:
The selections chosen by an expert to bet on and it is also known as ‘Picks’.

Tipster:
A person who gives or sells to punters his estimate of likely winners of a race, game or event. Also known as a ‘Tout’.

Toss Up:
A game where the line is close to pick ‘em; that is, a game where no team, or betting option, is a clear favorite.

Total:
The combined amount of runs, points or goals collectively scored by both teams during the game, including overtime, also known as ‘Over/Under’.

Totalizator:
This is an automated pari-mutuel machine which records wagers and tickets are dispensed at betting windows.

Tote Board:
A racetrack information board displaying statistical information such as approximate odds, betting totals, payout prices and other information necessary for the bettor.

Tote Returns:
The returns from a tote pool that is also known as a “Dividend.” All in all this is calculated by taking the total stake in each pool after the “Take” is deducted. Afterwhich it is divided by the number of winning tickets.

Tote:
In this case, it’s a Horserace Totalizator Board, plus it’s otherwise known as “The Tote.” Notably it’s the only body in the UK that operates pool-betting at all racetracks. 

This method is also commonly known as Pool-betting or ‘pari-mutuel betting.’

It’s a method where all bets of a particular type are collected in a pool. The “Juice”, “Vigorish” or commission is then removed. As a result, the payout odds are thereby calculated by a pool shared amongst winning bets.

Tout:
Someone who gives or sells betting advice is also known as a ‘Tipster‘.

Tout Service:
A business giving or selling betting advice.

Treble:
A bet that consists of 3 selections, notably all must win for the wager to be successful.

Trifecta:
Typically used in horse and greyhound racing. It indicates that a punter correctly picked the 1st, 2nd and 3rd place finishers in a race in exact order. It’s also called a “Tricast” or “Triple”.

Trifecta Box:
Most often used in horse and greyhound racing and referring to a punter correctly picking the 1st, 2nd and 3rd place finishers in a race in any order. It also known as a “Combination Tricast”.

Triple:
Frequently used in horse and greyhound racing. In brief, when a punter correctly picks the 1st, 2nd and 3rd place finishers in a race in exact order. It is also referred to as a “Trifecta” or “Tricast”.

Triple Sharp:
This expression refers to the sharpest of the “Sharp”. For example, professional punters which are often called ‘Wise Guys’. 

Trixie:
This is a multiple bet that consists of 4 bets with 3 selections in different events. For example, 3 doubles and 1 treble.

Turf Accountant:
This is an UK expression for a ‘Bookmaker‘.

Tweeners:
A publication that has all it’s odds in the middle of all other books.

Twenty Cent Line:
This is the money line difference which is 20 cents between what a punter lays with the favorite. Or on the other hand, takes back with the underdog.

Two and Three Balls Betting:
In sum, a golfing bet predicting which punter from either a group of two or three will shoot the lowest score over 18 holes.

U in Sports Betting Lingo

Under:
A bet where the punter predicts that the total points scored by two teams will be under a particular figure.

Underdog:
A well known phrase to describe the team that is perceived to be most likely to lose. This is also known as ‘The Short’ or the ‘Alpo’ or the ‘Bow-Wow’ or the ‘Dog’ or the ‘Puppy’ .

Underlay:
A phrase to describe the situation in which the odds on a game favor the house as opposed to favoring the punter.

Uniforms:
An expression for referees and game officials. They’re also known as “Zebras”.

Union Jack:
A wager that consists of 8 trebles on 9 selections A to I. For example: ABC, DEF, GHI, ADG, BEH, CFI, AEI, and CEG.

V in Sports Betting Lingo

Value/Value Bets:
This is also commonly known as an “Overlay.” Value bets are just wagers that are supposed to provide punters with the best probability of profiting. 

Vigorish:
This is a phrase used to describe sports book’s commission also known as “Vig” or “Juice”.

Void Bet:
This is most typical in Asian handicap offerings. In brief, a void bet means that the punter’s stake will be ultimately be returned.

W in Sports Betting Lingo

Wager:
The action of risking money on the outcome of an event otherwise known as a ‘Bet’.

Welsher:
An expression used to describe a punter who fails to pay a gambling bet.

Wheel:
This is a betting method where the punter bets on every possible combination bet featuring his favorite horse or horses. For example, Daily Double, Perfecta or Quinella.

Wheeling:
A betting methodology designed for the daily double bet where the punter backs one horse in the first race and every horse in the second race. This is also known as ‘baseball’ or ‘locking’.

Wise Guy:
An expression used to describe a pro punter or handicapper, also known as a ‘Sharp’.

With the Field:
The action of having one horse grouped with all the other horses in an event. Overall it can apply to forecast or double bets.

X in Sports Betting Lingo

X:
The action of a “draw” in match odds. For example, those associated with soccer and ice hockey.

Y in Sports Betting Lingo

Yankee:
A multiple bet that consists of  of 11 bets on 4 selections in different events. For instance, 6 doubles, 4 trebles and 1 4-fold.

Yankee Patent:
The same 11 bets as a “Yankee” however singles on each of the 4 selections equate to 15 bets. This is also referred to as a ‘Lucky 15’ or ‘Yap’.

Yap:
The same 11 bets as a “Yankee” yet singles on each of the 4 selections as well, making 15 bets in total. This is also known as a “Lucky 15” or “Yankee Patent”.

Z in Sports Betting Lingo

Zebras:
An expression used to describe referees. Also commonly referred to as “Uniforms”.

And that’s it for this edition of sports betting vocabulary as we have officially come to the end of the alphabet. Keep reading, watching, listening and attempting to use sport betting lingo. These actions in theory equip punters with the terms and confidence but it’s up to the punter to perfect their practice after all this is what makes a winner.