Action - any bet or wager
ATS - against the spread
Art - artificial turf
Bankroll - gambling money
Bad beat - tough loss
Beard - messenger bettor
Beef - dispute
Book - a sports book or betting establishment that sets odds and accepts wagers on the outcome of sporting events.
Bookie - an unlicensed individual operating as a book.
Buck - $100
Chalk - favorite
Chalk eater - favorite bettor
Churn - the effect of betting and rebetting money
Circle Game - game where action is limited due to uncertainties about weather, injuries, etc.
Degenerate - compulsive gambler
Dime - $1,000
Dog - the underdog, or the team getting points or getting a price.
Dollar - $100
Edge - advantage
Exotic bet - action other than a straight bet or parlay.
Exposure - the amount of money the house actually stands to lose on a game or a race.
Extension - the amount of money the house theoretically will risk losing on a game or a race.
Figure - amount owed by or to a bookmaker.
Firing - betting a lot. A player who is "firing" is wagering large sums.
Flea - an annoying human parasite who wants something for nothing; a $2 bettor who expects to be comped for his action.
Form - what performance is to be expected according to how a team looks on paper.
Get Down - make a bet
Gross Win - win before expenses
Handicapper - one who studies sports and predicts outcomes.
Handle - total amount of bets taken.
Hedge - bet the opposite of your original wager in order to reduce the amount of action you have on a game.
Hold - the percentage the house wins.
Hook - half point in pointspreads, as in "lost by the hook."
Home field advantage - edge the home team is expected to have as a result of familiarity with the playing area, favorable demographics and effect of travel on the visiting team.
Hoops - basketball
Hot Tip - information the bookmaker is not yet privy to.
Juice - bookmaker's commission, most often refers to the 11 to 10 football bettors lay on straight wagers; vigorish.
Lay a Price - bet a favorite, lay the points.
Layoff Bet - a wager made by one bookmaker with another to help balance his action and reduce his risk on one side or one horse.
Limit - maximum bet accepted by the house before the price will be changed.
Line - the betting proposition on a game and/or payoff odds on the bet.
Lock - a term meaning can't lose.
Longshot - large underdog
Middle - to win both sides of a game. For example, if you bet the underdog +3 1/2 and the favorite - 2 1/2 and the favorite wins by 3, you've middled the book.
Neutral site - arena, court or field where neither side has a home field advantage.
Off The Board - game where no bets are being accepted.
Out - bookmaker, usually refers to an illegal bookmaker.
Overlay - when the odds on a proposition are in favor of the bettor rather than the house.
Opp - opponent.
Over/under - or "total", a wager for the total score of both team
Parlay - a bet with two or more teams where all the teams must win for the bettor to be successful.
Past Post - to make a bet after an event has started.
Pick or Pick'em - a game where neither team is favored.
Point Spread - the amount of points which the favorite gives to the underdog for betting purposes. .
Practical Hold Percentage - the amount won by a bookmaker divided by the total amount booked.
Press - to bet a larger amount than usual.
Price - line
Puppy - underdog
Push - tie
Round Robin - a series of parlays. A three-team round robin consists of one three-team parlay and three two-team parlays.
Rundown - line update
Scalper - one who attempts to profit from the differences in odds from book to book by betting both sides of the same game at different prices.
Score - to win a lot of money.
Scratch - withdraw; cancel
Sharp - wise guy
Shortstop - A small bettor.
Side - to win one side and tie the other. For example, if you lay -2 1/2 and take 3 on the same game and the favorite wins by 3 you have sided the book. The book has been sided.
Square - unsophisticated gambler.
Steam - heavy action on one side.
Straight bet - a bet on just one team.
Straight Up - to win straight up, with no pointspread involved.
Surf - surface (usually relates to football/baseball playing surfaces, turf, grass etc.).
Sucker bet - bet with a large house edge.
Take a Price - bet the underdog, take the points.
Tapped Out - broke, busted, common result of pressing.
Theoretical Hold Percentage - the edge the bookmaker would have if the odds guaranteed him a constant commission regardless of the outcome.
Toke - a tip or gratuity.
Toss up - game where the line is close to pick-em.
Total - the combined number of points/goals scored by two teams.
Tout - service a business that sells opinions on sporting events.
Triple sharp - the sharpest of the sharp. (note: there is no such term as "double sharp").
Underlay - when the odds on a proposition are in favor of the house.
Value - an overlay
Wise guy - established and successful sports bettor.
http://www.standingpeople.com/glossary.html
ATS - against the spread
Art - artificial turf
Bankroll - gambling money
Bad beat - tough loss
Beard - messenger bettor
Beef - dispute
Book - a sports book or betting establishment that sets odds and accepts wagers on the outcome of sporting events.
Bookie - an unlicensed individual operating as a book.
Buck - $100
Chalk - favorite
Chalk eater - favorite bettor
Churn - the effect of betting and rebetting money
Circle Game - game where action is limited due to uncertainties about weather, injuries, etc.
Degenerate - compulsive gambler
Dime - $1,000
Dog - the underdog, or the team getting points or getting a price.
Dollar - $100
Edge - advantage
Exotic bet - action other than a straight bet or parlay.
Exposure - the amount of money the house actually stands to lose on a game or a race.
Extension - the amount of money the house theoretically will risk losing on a game or a race.
Figure - amount owed by or to a bookmaker.
Firing - betting a lot. A player who is "firing" is wagering large sums.
Flea - an annoying human parasite who wants something for nothing; a $2 bettor who expects to be comped for his action.
Form - what performance is to be expected according to how a team looks on paper.
Get Down - make a bet
Gross Win - win before expenses
Handicapper - one who studies sports and predicts outcomes.
Handle - total amount of bets taken.
Hedge - bet the opposite of your original wager in order to reduce the amount of action you have on a game.
Hold - the percentage the house wins.
Hook - half point in pointspreads, as in "lost by the hook."
Home field advantage - edge the home team is expected to have as a result of familiarity with the playing area, favorable demographics and effect of travel on the visiting team.
Hoops - basketball
Hot Tip - information the bookmaker is not yet privy to.
Juice - bookmaker's commission, most often refers to the 11 to 10 football bettors lay on straight wagers; vigorish.
Lay a Price - bet a favorite, lay the points.
Layoff Bet - a wager made by one bookmaker with another to help balance his action and reduce his risk on one side or one horse.
Limit - maximum bet accepted by the house before the price will be changed.
Line - the betting proposition on a game and/or payoff odds on the bet.
Lock - a term meaning can't lose.
Longshot - large underdog
Middle - to win both sides of a game. For example, if you bet the underdog +3 1/2 and the favorite - 2 1/2 and the favorite wins by 3, you've middled the book.
Neutral site - arena, court or field where neither side has a home field advantage.
Off The Board - game where no bets are being accepted.
Out - bookmaker, usually refers to an illegal bookmaker.
Overlay - when the odds on a proposition are in favor of the bettor rather than the house.
Opp - opponent.
Over/under - or "total", a wager for the total score of both team
Parlay - a bet with two or more teams where all the teams must win for the bettor to be successful.
Past Post - to make a bet after an event has started.
Pick or Pick'em - a game where neither team is favored.
Point Spread - the amount of points which the favorite gives to the underdog for betting purposes. .
Practical Hold Percentage - the amount won by a bookmaker divided by the total amount booked.
Press - to bet a larger amount than usual.
Price - line
Puppy - underdog
Push - tie
Round Robin - a series of parlays. A three-team round robin consists of one three-team parlay and three two-team parlays.
Rundown - line update
Scalper - one who attempts to profit from the differences in odds from book to book by betting both sides of the same game at different prices.
Score - to win a lot of money.
Scratch - withdraw; cancel
Sharp - wise guy
Shortstop - A small bettor.
Side - to win one side and tie the other. For example, if you lay -2 1/2 and take 3 on the same game and the favorite wins by 3 you have sided the book. The book has been sided.
Square - unsophisticated gambler.
Steam - heavy action on one side.
Straight bet - a bet on just one team.
Straight Up - to win straight up, with no pointspread involved.
Surf - surface (usually relates to football/baseball playing surfaces, turf, grass etc.).
Sucker bet - bet with a large house edge.
Take a Price - bet the underdog, take the points.
Tapped Out - broke, busted, common result of pressing.
Theoretical Hold Percentage - the edge the bookmaker would have if the odds guaranteed him a constant commission regardless of the outcome.
Toke - a tip or gratuity.
Toss up - game where the line is close to pick-em.
Total - the combined number of points/goals scored by two teams.
Tout - service a business that sells opinions on sporting events.
Triple sharp - the sharpest of the sharp. (note: there is no such term as "double sharp").
Underlay - when the odds on a proposition are in favor of the house.
Value - an overlay
Wise guy - established and successful sports bettor.
http://www.standingpeople.com/glossary.html
