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GLOSSARY
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
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NBA
National Basketball Association
NCAA
National Collegiate Athletic Association
NEUTRAL SITE
Arena, court, or field where neither side has a home field advantage
NEWSPAPER LINE
The betting line which quite often appears in the daily newspapers; the lines are only approximate and quite often totally inaccurate and misleading.
NFL
National Football League
NHL
National Hockey League
NICKEL
A $500.00 wager.
NL
No Line
ODDS ON
Odds of less than even money
ODDSMAKER
Same as a linemaker. The person who establishes the original and subsequent betting lines.
OFF THE BOARD
A game on which the bookmaker will not accept action, that is, no bets are being accepted. The event already starts.
OUT
Bookmaker, usually refers to an illegal bookmaker
OUTLAW LINE
An overnight line not used by casinos or offshore establishments.
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
OVERLAY
When the odds on a proposition are in favor of the bettor rather than the house
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.
PARLAY CARDS
Wagers on a minimum of 3 and up to 15 propositions; the more you pick, the higher the payoff.
PAST PERFORMANCE
What has occurred previously to the forthcoming games.
PAST POST
To make a bet after an event has started
PICK/PICK 'EM GAME
Neither team is favorite. Usually in basketball and Football. 0 point spread, whoever wins the game wins the bet
PICK #
A type of multi-race wager in which the winners of all the included races must be selected. Pick 3 and Pick 9 are common wagers at many tracks. The Pick 6 at jai-alai was often referred to as the "Super 6".
PLAYER
Bettor, gambler
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