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Bookie betting terms su
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Exposure How much a PPH bookie stands to lose on a game. A bookie website operator can cut exposure by using their layoff account. An exotic bet would be on how many yards Tom Brady passes for against Dallas. F Fixed Players use the word fixed to describe an outcome that appears to have been determined by outside factors. Favorite The chalk. The horse that should win. The team that should win straight up and cover the spread.
Futures bet A prop bet that often happens at the beginning of the season. If a player puts money on New Orleans to win the Super Bowl before the season starts, the player makes a futures bet on New Orleans. Figure The money owed to a sportsbook. Or the money a pay per head sportsbook agent owes to a player. H Handicapper An online bookie who sets odds. The best players are also handicappers. Sports betting handicappers set their lines. Hedging Players hedge by making an opposite bet that, if it hits, will cut potential losses.
Sports bets software agents hedge every time they use their layoff account to cut risk. High Roller We call high rollers players that make a lot of high-dollar bets. Hook A hook refers to half a point in a spread line. J Juice is the percentage price per head agents charge players to accept spread bets. L Laying Points Players who bet on the chalk in a spread line are said to be laying points. Layoff Online bookie software agents layoff risk by betting on the same team as their players. Lock A lock is a team almost guaranteed to either win straight up or cover the spread.
Limit Real bookie agents set limits on future bets. M Moneyline or Money Line Moneyline or money line bets happen when players back a team to win straight up. Bookie websites often set limits on money line bets. Moving the line Some players like to move the line by buying points.
No Action At times, a sports betting agent may want to make a game no action. No action means canceling bets on the specific game and refunding wagers. O Off the board Bookmaker software agents may want to take a game off the board.
Overlay An overlay in bookie slang is a team that offers better odds than it should. Overlays can be underdogs or favorites. Sports bettors find overlays by handicapping games. Press Some players like to press their bets, meaning they bet more than they usually do. Pressing also means making an extra bet in addition to an original wager. Punter A punter is a non-professional sports bettor.
Push The term push refers to a betting tie. R Risk-free bet Not often, but sometimes an agent may want to hand out a risk-free bet. Risk-free bets mean the player can wager with zero risk. Runline or run line The term run line in US bookie slang refers to a baseball handicap.
The team that is S Sharp A sharp is a professional handicapper. Steam The term steam refers to Spread Spread is a shortened version of the term point spread. Straight up winner A straight up winner gets the victory SU or on the money line. Teaser A teaser play allows bettors to combine teams on a single bet and to change the point spreads.
Not all per head agents offer or should offer teasers. Total or points total A points total refers to the total combined points of two teams. Trends Betting trends provide statistical information that helps players make present-day betting decisions. The difference will be 20 cents from favorite to dog. Even money - the price on a bet where the return is the same as the wagered amount.
There is no juice. The betting software will run a final weekly balance and then reset the account for the coming new week. This is the most common set-up. Premier will close-out your accounts for you, no need to manually do this. Credit - the weekly dollar amount that a bettor is allowed to lose. Once this amount is reached, bets will no longer be allowed until the week close-out. Technique of placing action on the other side to cut losses or guarantee a small profit.
Circled game - refers to a game with restricted limits, possibly do to injuries. Action - A term used when betting MLB where no pitcher is specified with the bet. If there is a pitching change, the bet is still valid, but at different odds. Action can also refer to the number of bets on a game or to indicate that a bet is valid. Listed pitchers - refers to a baseball bet that only has action if the pitchers linked with the bet start the game.
If original pitcher is removed before the game, the bet will not have action. Props - a term used to describe special betting options on non-traditional events or on topics within a game. An example would be the team to score first in a game, or total yards passing by a given quarterback.
Futures - betting options on season long events.
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A bookie sets odds , accepts and places bets, and pays out winnings on behalf of other people. They also set odds and pay out winnings on behalf of other people. Bookies may also lend money to bettors. A bookie can be an individual or an organization.
However, bookmaking and placing bets through a bookmaker can still be illegal. The legality of different types of gambling is largely determined by state governments. In , the Supreme Court gave states permission to legalize betting on sports if they wish to do so, a landmark ruling that paved the way for bookies to make lots of money without running afoul of the law.
History of Bookies and Sports Betting Throughout most of the 20th and 21st centuries, sports betting in the U. As a result, a black market developed for the rest of the country whereby illegal operations of bookies provided opportunities for betting.
Some bookies were involved in organized crime, while others operated independently, simply taking bets for a few friends, family members, or colleagues. However, in , the U. Supreme Court struck down the Professional and Amateur Sports Protection Act, which was a federal law preventing states from deciding on their own whether to allow sports betting.
The ruling opened the door for its practice throughout the country if states decide in favor of it. Previously, Nevada was the only state to offer comprehensive legal sports betting. Since that ruling, many states have moved to legalize sports betting. According to reporting by Forbes in August , sports betting companies have been announcing a flurry of acquisitions , seeking to capitalize. Bookies and Setting the Odds One of the crucial ways bookies ensure their winnings is by calculating the odds that they will win an event, sometimes by employing teams of statisticians and developing complex models.
Sometimes these calculations are based on those developed by casino actuaries or those who deal with risk calculations. Typically, they underscore which sports team the bookies believe will win a game or match. The lines and spreads can be adjusted in the time leading up to the event based on various bets made in their books and fluctuations in Vegas casino bets. Other unexpected events might impact the odds, such as poor weather, player injuries, and doping scandals. See below for the latest American bookie slang.
Many of your players use these words. If so, think of this blog as a refresher. A Across the board A horse racing term that refers to betting on a pony to win, place, and show. Angles Angles are specific information that helps players decide which team, horse, or individual athlete to back. So, as an example, the Steelers are ATS, meaning the Steelers have won 10 times against the point spread and lost 3 times.
B Backdoor cover A backdoor cover happens when the losing team scores enough towards the end of the game to win against the spread. Bad beat A bad beat occurs when something unexpected happens late in a game that causes a player or players to lose their bet. Book A shortened term meaning sportsbook. Bookie or Bookmaker A bookie or bookmaker refers to someone who runs a sportsbook. Pay per head agents are bookies or bookmakers.
Bust When a player loses their bankroll, they bust. C Chalk Chalk is another word to describe the favorite. The favored horse in a race is called the chalk. The favored boxer in a boxing match is also the chalk. The favored team in a football game can also be called the chalk. Circled game A circled game, a game with a red box around it, means the event is subject to reduced lines. Circled games often happen when one of the participants suffers injuries to a key player.
Closing line The official line right before an event happens. The closing line in the Super Bowl is the final line before kickoff. Cover or Cover the spread A team covers when they win by more than the point spread. Bookie betting agents can also use the term cover the spread. Cover also refers to underdogs that win against the spread. In the past, we used to say the underdog beat the spread. Dog A shortened version of underdog. Dog players are those who love to back underdogs.
E Bets that pay out 1-to-1 are even money bets. Teams can also have an edge. Exposure How much a PPH bookie stands to lose on a game. A bookie website operator can cut exposure by using their layoff account. An exotic bet would be on how many yards Tom Brady passes for against Dallas. F Fixed Players use the word fixed to describe an outcome that appears to have been determined by outside factors.
Favorite The chalk. The horse that should win. The team that should win straight up and cover the spread. Futures bet A prop bet that often happens at the beginning of the season. If a player puts money on New Orleans to win the Super Bowl before the season starts, the player makes a futures bet on New Orleans. Figure The money owed to a sportsbook. Or the money a pay per head sportsbook agent owes to a player. H Handicapper An online bookie who sets odds. The best players are also handicappers.
Sports betting handicappers set their lines. Hedging Players hedge by making an opposite bet that, if it hits, will cut potential losses. Sports bets software agents hedge every time they use their layoff account to cut risk. High Roller We call high rollers players that make a lot of high-dollar bets. Hook A hook refers to half a point in a spread line. J Juice is the percentage price per head agents charge players to accept spread bets.
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