Action
A bet or wager;
something you look for in Vegas
BM
Bookmaker; Bookie
BR
Bankroll, wad, funny
money' something you usually lose
Back door
A 'cover' that
occurs in the waning moments of a game; gay bar; something your
girlfriend may like
Bad beat
Losing under unusual
circumstances; missing a stoke
Beard
A runner; one who
places a bet for another; much facial hair
Beef
A dispute over the
outcome of a bet; cow
Bow-wow
An underdog, my ex
Chalk
A favorite; laxative
Circled game
A contest on which
betting limits are reduced (injuries and weather are the primary
reasons for games to be circled)
Cover
A point spread win,
Degenerate
A compulsive
gambler; salesman, liar; pathological liar
Dime
$1,000
Dollar
$100
Earn
Percentage hold
Exotic
Any wager other than
a straight bet or parlay (also referred to as a proposition or
prop); dancer
Exposure
The maximum amount of
money a sports book stands to lose on a game
Figure
Amount owed to or by
a bookmaker
Form
A tabloid used for
horse racing data
Getting down
Placing a bet;
something she likes
Handicapper
A person who studies
factors such as statistics, injuries, weather and news to predict
the outcome of games
Handle
Total amount of
money wagered
Hedge
To reduce amount of
action by wagering on the opposite side of a previous bet; something
you trim
Hook
A half-point;
two-thirds of hooker
Juice
Amount of commission
kept by the house (also referred to as vigorish or vig); something
your man charges
Laying a price
Playing a favorite
Layoff
Money bet by a house
with another bookmaker to reduce its liability
Limit
Maximum amount of
money accepted for one wager
Line
The odds on a game
(also referred to as price); illegal
Lock
A surefire winner
(there really is no such proposition); on my front door
Matador
A cover that occurs in
the waning moments of a game (also referred to as a back door cover)
Middle
Betting both sides
of a game at different prices with the hope of winning both wagers
(An example: if a bettor played Maryland (minus-4) and Duke
(plus-6), and Maryland won, 100-95, he would win both bets -- or
"catch a middle")
Mush
A bettor who is bad
luck; something you say to huskies
Nickel
$500
Off the board
A game on which
bookmakers are not accepting wagers (generally because of injuries)
Overlay
A situation in which
the odds on a game favor the bettors rather than the house;large lay
Parlay
One bet ticket written
with at least two wagers (all must win for the ticket to cash)
Past post
To place a wager
after an event has started; something that gets you time
Pick'em
A game with no favorite
(the straight-up winner also would win bets)
Price
The odds on a game
Puppy
The underdog; small dog
Push
A tie
Round robin
A single ticket with
comprised of more than one parlay; large bird
Rundown
A list of odds on a
particular day's games
Runner
One who places bets for
another; up for three or more days straight
Scalper
Someone who bets
both sides of a game
Score
A big win
Sharp
A sophisticated or
professional sports bettor
Square
A novice sports bettor
Steam
Heavy action on one
side of a game
Straight bet
One wager (as opposed
to a parlay)
Sucker bet
Parlays, teasers or
exotics (anything bookmakers use to entice squares to bet more);
scamdicappers
Taking a price
Betting an underdog
Tapped out
Broke from gambling;
lying to salesman
Teaser
A sucker wager that
allows bettors to add and subtract points from posted odds; stripper
Tout service
A company that sells
selections on games (most in the United States are dishonest)
Underlay
A situation in which
the odds on a game favor the house rather than bettors; bad lay
Value
An overlay
Vigorish
Amount of commission
kept by the house (also referred to as juice or vig)
Wise guy
A professional
sports bettor; my ass