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GLOSSARY

ACTION (AT)
In baseball, placing a bet on the site no matter who pitches.

BUCK
A $100 wager

CHURN
The effect of betting and rebetting money

CIRCLE GAME
A game in which the betting action is limited; usually occurs in games that feature key injuries, inclement weather, or unsubstantiated rumors regarding a team.
Sometimes stated, "This is a circle game."

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DIME
$1,000

DOG
The underdog in any betting proposition.

DOLLAR BET or BUCK
A $100 wager.

EVEN MONEY
A wager in which no virgorish or juice is laid.

EXOTIC BET
In sports betting, any bet other than a straight bet, i.e., parlays, teasers, if bets, reverses, round robin, round robin box reverses, etc.

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.
In other words, bets placed on an event or outcome taking place some time in the future, e.g., betting during the season on the Super Bowl winner.

IF BETS
Is a chain from 2 to 5 straight plays join by a condition.
There are two types: (1) SINGLE ACTION: where the player will have action on the second straight bet if the first play WINS ONLY, and so on in the chain of plays. (2) DOUBLE ACTION where the player will have action on the second play only if the first play WINS, TIES OR THE GAME IS CANCELLED and so on in the chain. Wherever is a lost, the bet stops there.
Amounts? 2nd has to be the same or lower amount than the 1st one.

LISTED PITCHERS (LP)
Stating that you will place bet only if one or both of the pitchers scheduled to start a baseball game actually start. If they don't, the bet is cancelled.

MLB
Major League Baseball

MONEY LINE
The amount you must bet on a favorite to win $100, or the amount you win on an underdog if you bet $100. It can be used in any sport, but however wins the game or event wins the bet.

MVP
Most Valuable Player. Leagues give MVP awards to the best regular- season player and to the outstanding player in championship games or series

NICKEL
A $500.00 wager.
NL
No Line

OVER/UNDER
A bet on whether the combined total of the points/goals scored by the two teams will exceed or be less than a reestablished number or runs

PARLAY
(1) A group from 2 to 8 teams in which the payouts increase as the number of chosen teams increase. In order to win the parlay, all the chosen teams must win. In case of a push, the parlay will revert to the next lower amount of teams, paying the odds corresponding to a parlay of that amount of teams.

PLAYER
Bettor, gambler

REVERSES
All possible combination of two team if bets, Double Action If Bets done in both ways, with the chosen teams (from 2 to 6 teams).

ROUND ROBIN
All possible combination of two team parlays with the chosen teams (from 3 to 6 teams).

RUN LINE (Combination of Run Spread with Money Line)
A line used when wagering on baseball. The favorite is minus the runs but usually combined with a positive money line and the underdog is plus the runs but the customer has to risk more to win less (negative money line)

STRAIGHT BET
A bet on a team person or thing. 4 situations

Side: Favorite and underdog

Total: Over or Under a preestablished combined total.

TOTALS
Total combined point/runs/goals scored in a game; in baseball, if either of the two listed starting pitchers don't go the bet is automatically cancelled.

UNDERDOG
Team most likely to loose the game, or that the odds are against it.
Also refered to as "Dog".

WORLD SERIES
Championship of Major League Baseball.

 


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