When you start betting on sports you want to learn as much as you can about sports betting and this includes learning about the terminology. Below you will find some of the most commonly used terms in sports betting and the meanings of those words:
- Action - This is what a sports bet of any type is referred to
- ATS - This stands for "Against the Spread"
- Bet - Bet means to chance something on the outcome of a certain event or sport
- Book - this is the name for a place that takes bets on events
- Chalk - This means the favorite
- Cover - This is the term for a pointspread win
- Dime - This is the betting term for a $1000 sports bet
- Dog - Most likely to lose
- Dollar - This is the sports betting term for $100
- Edge - This is the advantage a person has when sports betting
- Enhanced Odds - Type of price boosts. About meaning visit www.dailyenhanced.co.uk
- Even Money - This is when a bet has odds which as 1/1
- Favorite - this term is in regards to the team which is favored to win
- Fifty Cents - A $50 bet
- Gamble - This term means to risk money on the outcome of a sport or other event
- Handicapper - A handicapper is one who studies and bets on sports
- Juice - This is the bookmakers commission on a losing bet
- Limit - This is the highest amount that a bookmaker will allow to be bet before changing the odds
- Line - The current odds
- Longshot - The team which is perceived as the least likely to win
- Nickel - A $500 sports bet
- No Action - A bet in which there is no money lost or won
- Odds - The numbers form of the likelihood of an outcome
- One Dollar - This is the term that is used for $100 worth of betting action
- Press - this means to bet a larger amount than one usually would
- Push - When there is no winner or loser
- Scout - This is a person who waits for what he feels is an unusually stronger wager
- Sides - The two teams playing; the underdog and favorite
- Sportsbook or Bookmaker - This is the company that accepts sports wagers
- Straight Bet - A bet on just one team
- Ticket - This is the term which is used for a sports wager
- Total - The combined amount of points, runs, or goals scored by the teams during the game
- Trends - the act of using the past in order to predict the future focusing on one team
- Underdog - This is the team that is most expected to lose a game, sport, or other event
- Wager - the act of risking money on the outcome of an event or sport