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GLOSSARY

 

SPREAD
Abbreviation for pointspread

SQUARE
Unsophisticated gambler

STEAM
Heavy action on one side.
When a betting line starts to move quite rapidly; most "steam games" do not necessarily reflect the "right side," but are games that the mass of bettors somehow decide to key on.

STORE
A Bookie.

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

 Side: Favorite and underdog

Total: Over or Under a preestablished combined total.

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SU/STRAIGHT UP
Straight Up, or actual score of the game without counting the spread

SUCKER BET
Bet with a large house edge

SUPER BOWL
NFL Championship game

TAKING/TAKE A PRICE
Wagering on the underdog; taking the odds.

TAPPED OUT
Broke, busted, common result of pressing

TEASERS (Only in Basketball and Football for the whole game)
A group from 2 to 6 teams that adds points to the lines or totals in the most convenient way for the player.
There are two types of teasers: Special Teasers (see special teasers) and Vegas Teasers (see vegas teasers).

TOSS UP
- Game where the line is close to pick ‘em

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.

TOUT SERVICE
A business that sells its expertise on sporting events.

TY
This Year

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

UNDERLAY
When the odds on a proposition are in favor of the house

VALUE
Getting the best odds on a betting proposition; the highest possible edge.

VEGAS TEASERS (Only in Basketball and Football for the whole game)
This teaser combines the rules of a special teaser and a parlay. It is like a teaser in the sense that it gives points, but regardless of the number of teams chosen, it always gives the same number of points per team.
It's like a parlay in the sense that the more teams that are chosen, the better the payout of the wager.
All teams most cover the teased spread to win the bet. With a push, the teaser will revert to the next lower number of Vegas Teaser.

VIG'/VIGORISH
The commission paid to the bookmaker. Juice.

WAGER LIMIT
Maximum bet accepted by the house before the price will be changed
Also the "cap" on what you can personally wager.

WINDOW
What some players say after winning a bet.

WISE GUY
A well-informed or knowledgeable handicapper or bettor.

WOOD
Laying points.

WORLD SERIES
Championship of Major League Baseball.

 

 

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