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GLOSSARY
HC
Head Coach.
HEDGE/HEDGING
Placing bets on the opposite side in order to cut losses or guarantee winning a minimal amount of money.
HOLDING YOUR OWN
Neither winning nor losing, just breaking even
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HOME FIELD ADVANTAGE
Edge the home team is expected to have as a result of familiarity with the arena and effect of travel on the visiting team.
HOOPS
Basketball
HOT TIP
Information the bookmaker is not yet privy to.
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.
Also known as the vigorish.
LAY A PRICE
Bet a favorite, lay the points
LAYING THE POINTS
Betting on the favorite.
LINE
The current odds or pointspread on a particular event.
LINEMAKER
The person who establishes the original and subsequent betting lines
LOCK
Sure or easy winner.
LONGSHOT
A team or horse that is unlikely to win. Large underdog
LY
Last Year
L2Y
Last two years (any number can be inserted in the middle to refer to the number of years something has occurred)
MIDDLE(S)
To win both sides of the same betting proposition; betting the favorite team at -1.5 with one bookmaker and then taking +3.5 with another bookmaker; the game ends up with the favorite winning by exactly 3 points, you have then "middled the game"; a favorite betting method of "Wise Guys".
MINUS POOL
In pari-mutuel wagering, when after the take is extracted, there is not enough money left to pay winning patrons the minimum payout. The track must then make up the difference
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