Sports Betting Vocabulary and Glossary from A-C: Part 1

Talking The Talk: Knowing and Using Sports Betting Vernacular

Sports betting vernacular is essentially the vocabulary which sports bettors use while betting. In essence, it particularly defines this competitive niche in the gambling industry. First and foremost, talking the talk ensures the efficiency and professionalism of a wager.

5 REASONS SPORTS BETTING VOCABULARY HELPS

5.  Provides the ability to say what they want, when they want to say it.

By having several key sports betting phrases, punters can be explicit when sharing their ideas, strategies, and when placing wagers.

4.  Helps in understanding what’s going on as well as familiarizes them in the language of the bet.

Sports betting vocabulary is the foundation for sports betting comprehension. 

3.  Bolsters the punter’s ability to effectively grasp ideas and therein, think more logically.

The greater number of sports betting phrases a punter knows, the more he or she can make winning bets, and find success in sports betting.

2.  Essentially boosts the punter’s confidence and strengthens their expertise of the game.

Relying on chance or waiting to learn from experience may not be as good as a teacher as trying to consistently learn new sports betting vernacular.

  1. All in all, sports betting vernacular supports punters in achieving their pure potential.

How articulate a punter feels with the ability to talk the talk, constitutes a big part of the overall fortitude of the bet.

THE SPORTS BETTING LINGO EVERY SPORTS BETTOR NEEDS 

A in Sports Betting Vernacular

Accumulator:
A type of bet that if the first bet wins, the winnings become the bet on the second bet. In other words known as a “Parlay”, “All Up” or “Multiples”. All the selections or at least two must win for the bettor to win the accumulator.

Across the Board:
A methodology of betting equal stakes on a horse to win, place, and show.

Action:
1) A bet or wager of any size that is valid. To be noted, varied rules apply in all sports in determining if a bet is actually action or no action. For further clarification,  baseball bets are considered action when the game goes beyond 4½ innings. 
2) A baseball wager where no pitcher is specified.

Added Game:
A game that is not part of the regular rotation and that has been specifically posted as an accommodation to customers.

Against The Spread (ATS):
A methodology of taking points as opposed to betting with the spread. In other words, it’s  known as ‘laying points.’

Agent:
A middleman that places a punter into a sportsbook for a commission.

Ajax:
This is a coined UK slang term for betting tax. Also known as “Bees” or “Beeswax”.

All Up:
A type of bet that when the first bet wins, the winnings become the bet on the second bet. This is also known as a “Parlay”, “Accumulator” or “Multiples”.  All the selections, or at least two must be made and thereafter win for the punter to win the ‘all up’ bet.

All-In Betting:
A type of bet where no refunds are actually given for scratched or withdrawn competitors/teams in an event. In fact, if an event cancels then the bet is refunded.

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

Also Ran:
Any selection which ultimately does not finish 1st, 2nd, 3rd or 4th in a race or an event.

Angles:
Implementing factors/insights from previous games to predict the results of future games.

Ante-Post:
The betting odds offered on the day before an event. The most important condition is that in return for the better odds, stakes won’t be refunded if a selection withdraws and/or does not participate.

Any To Come (ATC):
When all or part of a winning bet is automatically reinvested into a subsequent bet.

Arbitrage:
A betting method in which punters bet on opposing sides of a game at two or more bookmakers. Overall sportsbooks possess unique odds, and it’s possible to bet on more than one sportsbook. 

Asian Handicap:
Specifically refers to spread betting in soccer. Asian handicap, also known as “Hang Cheng”, removes the possibility of a draw result. In essence increasing the odds of a bettor turning a large profit.

B in Sports Betting Vernacular

B.M.:
An acronym for a “Bookmaker”.

B.R.:
An acronym for “Bankroll”.

Back Door Cover:
When a losing team scores meaningless points to cover the spread.

Backed:
A team with numerous bets placed on it expected to win.

Backer:
An individual working behind the scenes that supplies a bookmaker with cash.

Bad Beat:
A bet that loses unexpectedly.

Bail Out:
The attempt to recover losses with one bet.

Banker:
A bet placed that is expected to win and, therefore, expected to gross a profit. Furthermore in system bets, a “Banker” is a selection that must win in order to guarantee a return.

Bar:
Participants in a race that have not been quoted with a price during the early betting stages.

Beard:
An acquaintance who places bets to conceal the true identity of a real bettor.

Beef:
A claim or dispute with a sportsbook/casino over the outcome of a bet.

Bet the Limit:
To bet the maximum amount allowed by a sportsbook/casino on an event/race.

Betting Exchange:
A betting exchange allows punters to trade bets like a stock market. Rather than betting against the bookmaker, punters bet against fellow punters, with the betting exchange acting as an intermediary. 

Betting Markets:
Online bookmakers offer a large selection of betting markets on every single event providing sometimes more than 100 betting options.

Betting Ring:
A syndicate of big money sports bettors that place large bets.

Betting Tax:
Tax placed on a bookmaker’s turnover. Typical methods are to deduct the tax from winnings or to allow the bettor to pay the tax with his stake. However, to be noted, when paying the tax with one’s stake, there will not be any tax deducted from winnings.

Bettor:
A person who bets also known as a punter.

Big Dime:
A wager of $10,000.

Big Nickel:
A bet of $5,000.

Blind Bet:
To avoid lower odds on a selection, a racetrack bookmaker will make a blind bet. This draws other bookmakers’ attention away from his sizable betting on one horse.

Board:
On balance a complete schedule of games on any given day.

Book:
Otherwise known as a sportsbook accepting bets on the outcome of sporting events.

Bookie:
One who accepts bets and who is also known as a “Bookmaker”.

Bookmaker:
A company accepting bets from the public on racing or sports event. Also typically known as a “Bookie” or “Sports book”.

Bottle:
Slang for 3.00 (2/1) odds.

Bottom Line:
The amount of money owed to a sportsbook/casino by a punter.

Breakage:
Specifically the difference between true pari-mutuel odds and the lesser, rounded amounts given to winning bettors. In sum, the substantial difference goes to the racetracks and controlling state authorities.

Bridge-Jumper:
Punter who specializes in large bets on favorites that have low odds.

Buck:
A $100 bet which is also known as a “Dollar Bet”, “C-Note”, “Franklin” or “One Dollar”.

Bundle:
By and larger, a large bankroll.

Burlington Bertie:
Odds of 4.33 (100/30) which is also known as “Scruffy and Dirty”.

Bust:
On the whole, a punter who goes broke.

Buy Points:
Ordinarily when a punter pays an additional fee to receive half a point or more in his favor on a point spread game. In other words, it’s also known as “Move the Line”.

Buy Price:
In regards to spread or index betting, it’s the higher figure quoted by a bookmaker.

Buy the Rack:
The notion of purchasing every possible “Daily Double” or other combination ticket.

C in Sports Betting Vernacular

C of E:
Acronym sland for UK Customs and Excise.

C-Note:
A $100 bet which is also called a “Dollar Bet”, “Buck”, “Franklin” or “One Dollar”.

Canadian:
To sum up, a multiple bet which consists of 26 bets with 5 selections in different events also known as a “Super Yankee”.

Canadian Line:
In brief, a combination point spread and money line in ice hockey.

Carpet:
Describing odds of 4.00 (3/1) which is also known as “tres” or “gimmel”.

Carpet Joint:
Ultimately slang for a luxury gambling casino.

Century:
A £100 wager which is also known as a “ton”.

Chalk:
Generally speaking the favored team, athlete or horse.

Chalk Eater:
In effect, a punter who specifically bets on favorites, also known as a “Chalk Player”.

Churn:
Overall, the act of re-betting any winnings.

Circle/Circled Game:
A game where the maximum bet is limited by the bookmaker. Largely because of key features like injuries, weather, or unsubstantiated rumors regarding a team or player. Altogether these games cannot be included in parlays or teasers.

Client:
A punter who purchases betting information from a pro, tipster or tout.

Clocker:
A punter who times the workouts of horses and greyhounds. For example which is thereafter used for betting information.

Clone Joint:
A sportsbook that moves its lines therein conforming with other sportsbooks.

Close/Closing Line:
Known as the final line, it refers to the betting line before a sportsbook/casino sets the odds for an event.

Co-Favorites:
In the case that three or more competitors share the status as favorite while sharing the lowest odds.

Combination:
1) An “Across the Board” bet where a single pari-mutuel ticket is issued.
2) Selecting teams/horses to finish first and second in either order.

Combination Tricast:
Typically used in horse and greyhound racing. Refers to a bettor picking the 1st, 2nd and 3rd place finishers in a race in any order. Otherwise known as the “Trifecta Box”.

Consolation Double:
Money paid to those who bought daily double tickets pairing the winner of the 1st race with the horse in the 2nd race that gets scratched.

Correlated Parlay:
A wager that when one bet wins, it increases the odds of the other bet winning.

Cover:
Beating the spread by a required number of points. Also called “covering the spread”.

Credit Betting:
Using credit at a sportsbook/casino to bet.

And that’s it for this installment of sports betting vernacular A-C: Part I. Consider what sports betting lingo you were already familiar with and then consider which vocabulary you didn’t know until you read this article. Keep abreast for the next chapter of sports betting vocabulary but until then, enjoy this super informative sports betting lingo video.