HANDICAPPER
One who studies, rates and wagers on sporting events and/or races.

HOOK
A half point added to point spreads (football and basketball only).
Also commonly said: "lost by the hook".

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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.

JUICE
The bookmaker's commission, most often refers to the 11 to 10 football bettors lay on straight wagers.

LINE
The current odds or pointspread on a particular event.

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

NFL
National Football League

NICKEL
A $500.00 wager.

PICK/PICK 'EM GAME
Neither team is favorite. Usually in basketball and Football. 0 point spread, Whoever wins the game wins the bet

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.
(2) A wager on two or more horseraces in which the winnings are carried over to the next race.

PICK/PICK 'EM GAME
Neither team is favorite. Usually in basketball and Football. 0 point spread, Whoever wins the game wins the bet

POINTSPREAD
Only used in football and basketball. Is used to make the game even by adding points to the score of the underdog or subtracting points from the favorite.
The "line"; the handicap, or head start that the favorite gives to the underdog for betting purposes. The favorite must cover the point spread in order to win the game. The underdog on the pointspread gets the same amount of points is his advantage.

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).

SIDE
To win one side and tie the other. For example, if you lay -2 ½ and take 3 on the same game and the favorite wins by 3 you have SIDED the book. The book has been SIDED

SINGLE
Same as a straight bet

SPECIAL TEASERS (Only in Basketball and Football for the whole game)
Type of teaser where the more teams that are chosen, the more points are credited per team. A player can pick from 2 to 4 teams. All teams must cover the teased spreads to win the teaser. When there is a push, the whole wager is considered a push, unless the push is accompanied by a loss in which case the wager is a loss.