Is normally known as having money in a game (bet), but when you wager on baseball and you choose action, it means that you don’t mind which pitchers are starting the game.
Dispute Buck – $100
The effect of betting and rebetting money
Game where action is limited due to uncertainties about weather, injuries, etc.
In by more than the pointspread
Practical hold percentage
Action other than a straight bet or parlay
Amount owed by or to a bookmaker
Make a bet
Win before expenses
One who studies sports and predicts outcomes
Total amount of bets taken
Bet the opposite of your original wager in order to reduce the amount of action you have on a game
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 the familiarity with the arena and effect of travel on the visting team.
Information the bookmaker is not yet privy to
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
Maximum bet accepted by the house before the price will be changed
The betting proposition on a game and/or payoff odds on the bet
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. The book has BEEN MIDDLED.
In pari-mutuel wagering, when after the take is extracted, there is not enough money left to pay winning patrons the minimum bet. The track must then make up the difference. Mutuel – Price paid on a winning pari-mutuel wager
Arena, court, or field where neither side has a home field advantage
Off The Board
Game where no bets are being accepted
Bookmaker, usually refers to an illegal bookmaker Overplay – When the odds on a proposition are in favor of the bettor rather than the house
A bet with two or more teams where all the teams must win for the bettor to be successful
To make a bet after an event has started Pick or Pick’em – A game where neither team is favored Player – Bettor or gambler
Practical Hold Percentage
The amount won be a bookmaker divided by the total amount booked
To bet a larger amount than usual
Tie Round Robin – A series of parlays.
A three team round robin consists of three two-team parlays.
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
To win a lot of money
To win one side and tie the other. For example, if you lay -2 1/2 and take 3 on the smae game and the favorite wins by 3 you have SIDED the book. The book has been SIDED.
Heavy action on one side
A bet on just on team
Bet with a large house edge
Take A Price
Bet the underdog, take the points
Broke, busted, common result of pressing
Theorical Hold Percentage
The edge the bookmaker would have IF the odds guaranteed him a constant commission regardless of the outcome
Game where the line is close to pick-em
A business that sells opinions on sporting events
When the odds on a proposition are in favor of the house
Established and successful sports bettor