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SPORTS
WAGERING
GLOSSARY
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A
Action - A wager of any kind.
B
Book - An establishment that accepts wagers on the outcome of horseracing
and sporting events.
Bookie - Person who takes clients bets.
Bankroll - Your available gambling money.
Beard - A friend, acquaintance or other contact who is used
to place bets so that the
bookmakers will not know the identity of the actual bettor. Many top handicappers
and persons occupying sensitive positions use this method of wagering.
Buck - A $100 wager. Buy Points
Buy Points means that you can move the pointspread so that you give away less
points with the favorite or get more points with the underdog, for both football
and basketball. To do this you must pay an extra 10% for each ½ point you buy
in your favor. For the NFL and NCAA football, you will pay an additional 15%
to buy on or off of 3 points - also know as Key Points. And if you buy through
3 points, you will pay an additional 20%. NOTE: There are NO Key Points for
basketball. You pay a flat 10% for each 1/2 point you buy. An example of how
to buy off of 3 points: the Kansas City Chiefs (-3) are 3 point favorites. To
buy 1/2 point and make them a 2.5 point favorite, you would need to lay $125
to win $100.
Buy Point Table (Football Key Points)
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Buy
1/2 point to 3
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100/125
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Buy
1/2 point off 3
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100/125
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Buy
1 point to 3
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100/135
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Buy
1 point off 3
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100/135
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Buy
1/2 point any other
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100/120
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Buy
1 point any other
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100/130
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C
Canadian Line - A combination point line and moneyline in hockey.
Chalk
- The favored team.
Chalk Player - Someone who usually only plays the favored teams.
Rarely bets on underdogs. Also known as Favorite Freddie.
Circle Game - A game in which the betting action is severely
limited. Usually occurs in those games that feature key injuries, inclement
weather, or unsubstantiated rumors regarding a team. Most bookies "circle"
all Ivy League Games.
Cover - To bet the spread by the required number of points.
If such occurs you have "covered the spread".
D
Dime Bet - A $1000 wager.
Dog - The underdog in any betting proposition.
Dof Player - One who mostly plays the underdog. Dollar
Bet
A $100 wager.
Double Bet - A wager for twice the size of one's usual wager.
Due For - A team that is "due for" whether it is a win or a
loss; many bettors like to play "due for" situations.
E
East Coast Line - Mainly used in hockey, which has a split-goal line e.g.
- NY Rangers (1 - 1 ½) favorite over the Vancouver Canucks as opposed to goal
spread plus moneyline (-1/2 -180).
Edge - Advantage.
Even Money - A wager in which no virgorish or juice is laid.
Exotic Wager - Any bet other than a straight bet, i.e., parlays, teasers,
if bets, reverses, round robin, round robin box reverses, etc.
F
Fixed - Point shaving. Never say to a client that a game is fixed!
Future Bet - Bets accepted well in advance.
Futures - Odds posted on the winners of various major sport championships
in advance of the event, including the Super Bowl, the World Series, the Stanley
Cup and the NBA championship.
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