baseball betting lingo

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Wagering at legalized betting outlets usually run by the tracks, management companies specializing in parimutuel wagering, or, in New York State, by independent corporations chartered by the state. Wagers at OTB sites are usually commingled with on-track betting pools. Make sure to check out our foal cams to see Diamond Creek Farm's newest addition. Trying to decide which horse to bet? Look for dropdowns in class level. Valentine's Day is just around the corner. Don't miss out on getting your loved one a t-shirt from our oldsmokeclothing collection!

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Baseball betting lingo

Most likely due to them being limited or their action discouraged. Book: This is the short form for sportsbook or bookmaker. A person or an establishment that legally accepts bets from customers. Bookmaker: Technical term for a person or establishment that accepts wagers. Bookmaker is used more in European markets, compared to the sportsbook in North America.

Buyback: Money that comes in on the opposite side of a market after a large bet was placed on the other side to move the line. Buying Points: The practice of buying points at a sportsbook or bookmaker. Circled Game: A market where the betting limits are lowered, typically due to injuries, as well as other factors. The bet may also not be available in teasers or parlays. Closing line: The final line before the event or game starts. This is the line that is utilized in ATS spread statistics.

These numbers are reported on a variety of sites and usually get their numbers from offshore sportsbooks. Cover: The ultimate result on a point spread bet. For a favorite to cover, they must win the game by more than the point spread. For an underdog to cover, they must win the game outright or lose by less than the point spread.

Degenerate: A compulsive, typically losing sports bettor. Dog Bettor: A player who consistently takes underdogs. As far as the betting public is concerned, this is considerably rarer, as most players tend to bet favorites. The earn is the total amount won by a sportsbook or bookmaker divided by the amount of action on the market. Even Money: A market that has no juice of vigorish. Exotic: Wagers besides a straight bet or parlay.

Props and futures fall under this category. Favorite: The team or individual that the oddsmakers feel will win the game or event. This is expressed via the point spread or in money line odds. First Half Bet: A bet placed only on the first half of a game. Sportsbooks often abbreviate this market with 1H. Five Inning Line: A betting market that is placed only on the first five innings of a baseball game.

Fixed: A participant s in a game or sporting event that alters the result of the game event due to outside factors. Freeroll: A situation in sports betting or other forms of gambling where you can win or push your wager, but not lose. Getting Down: Placing a bet on a game or event. Half Time Bet: A betting market that is placed on the second half of a game only. Sportsbooks usually abbreviate this with 2H. Handle: Similar to exposure. The amount of money in wagers, a sportsbook takes on a market.

Hedging: Betting the opposite side of an event that you already have action on to minimize risk and guarantee a specific amount of winnings. High Roller: A high-stakes bettor who stakes large amounts of money on sports betting or other forms of gambling. Not the same as a sharp. Laying the Points: Something often said by sports bettors when they wager on the favorite.

Listed Pitchers: Important for baseball betting markets. Betting with the listed pitchers means that both pitchers must start for the bet to have action. Not a term we like to use on this site. Middle: A betting strategy utilized when the odds more where a bettor bets both sides of a market and tries to win both with little risk. Middling is common in football betting markets, usually when the odds move between 2.

Moneyline: Betting odds without an attached point spread. The team needs to win outright when betting on the money line. Money Management: The practice of managing your bankroll and size of your wagers when it comes to betting sports. Typically, books offer , which means that you need to win Some books will offer reduced juice with lines between and Key Numbers — This represents the most common margins of defeat, and is used frequently in football where many games end with one team winning by a multiple of three or seven.

Middle — This occurs when you bet on both sides of a game and have an opportunity to win both bets. Instead, these sports offer a moneyline in which you bet on whether or not a specific team is going to win straight-up. Off the Board — A game or event that sportsbooks will not allow you to bet on. If both teams combine to score more than the total, the over wins. If they combine to score fewer, the under wins.

Parlay — When a bettor makes multiple bets at least two and ties them together, you need multiple events to all win for higher payouts. This is a risky proposition, but potentially very lucrative. In spread based sports like basketball or football, this is a line of 0. Prop Bet — A bet on something other than the outcome of a game.

Public Betting Percentage — Also referred to as public betting trends, we offer real betting percentages from seven contributing sportsbooks. These numbers represent real bets placed at real sportsbooks. These percentages are integral for our betting against the public philosophy. Push — When a contest ends without a winner. In a moneyline sport this happens if the game ended in a tie. In a spread sport, this happens if the favorite wins by the exact spread.

Real Time Odds — Live lines that update immediately as sportsbooks adjust their lines. Reverse-Line Movement — Betting line movement that contradicts the public betting percentages. This indicates that sharp money is taking Team B. This alternative allows you to add runs for the underdog, or subtract them from the favorite. This means that a favorite has to win by at least two runs for you to win your bet, while an underdog could either lose by one run or win straight-up to win the bet.

The benefit of this is that you can bet more lucrative lines on favorites, but because baseball and hockey are such low-scoring games, this can be a risky proposition. Steam Move — A sudden, drastic and uniform line movement across the entire sports betting marketplace. Teaser — A special bet in which you are able to adjust the point spread or total for a game. The more you change the spread, the lower the payout becomes. Tout — An individual who sells their picks or their sports betting expertise to others.

Now that you have a better understanding of some key sports betting terms, where should you be looking to place your wagers? The short answer: The sportsbook with the most advantageous odds. Luckily, since the U. Supreme Court overturned the federal ban on sports betting in May , multiple states have launched robust mobile betting operations. To get a complete rundown on where legal betting stands in your state, check out our complete guide here , but the main states to know for online betting are Colorado , New Jersey , Pennsylvania , Indiana and West Virginia.

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Home Field — This the field court, rink, etc. Hook — Another way to say half of a point. For example, a team may be a 3. Joint Favorite — When there are two favorites for an event. This is mostly used in England. Kelly Criterion — A popular bankroll management strategy for a bettor who seeks to limit losses while maximizing the amount won. Layoff — When a bookmaker reduces the risk of losing wagers by placing a bet with a different sportsbook s.

This typically happens when there is lopsided wagering on one side of a game and the sportsbook or a bookie want to alleviate potential losses. Listed Pitcher — This is a baseball bet that is active only if the pitcher listed as the starter throws the first pitch of a game. This is also known as In Play wagering. Lock — Another way of saying that a team or player will be an easy winner.

Margin — This is a wager where a bettor selects a team to win or lose by a specific number of points regardless of the point spread. The Raiders must win by 11, 12, or 13 points for a win. A victory by 10 or 14 points is a push. Martingale System — A gambling system where bettors doubles the amount of a wager after losses. This system can be used for sports and other forms of gambling i. This gives a bettor multiple chances to win wagers on the same game.

Matched Bet — When a bettor uses free wagers from a sportsbook operator to increase potential profit. This is a popular technique employed in new legal US sports betting markets as promotional offers are available. Novelty Bet — Placing a wager on a non-sports event with a sportsbook.

For example, placing a wager on the Oscars in New Jersey. These kinds of wagers are more popular overseas. Odds-on Favorite — When a team or person is heavily favored to win a game or event. They often have very low odds paying much less than the amount wagered. Off the Board — When a sportsbook stops taking wagers on an event or participant they remove the game odds from the betting board.

This often happens when a player is uncertain to participate because of an injury. Public Betting Percentage — This is the percentage of wagers placed by the general betting public. Puck Line — This is a point spread of sorts based on goals scored during a hockey game. The base puck line for a game is often plus or minus 1. Sportsbooks might offer an alternative puck line with more or fewer goals scored. Push — When a point spread wager lands exactly on the line offered by the sportsbook.

The bettor receives their money back if they push. If they win by exactly 14 points, the wager pushes and the bettor gets their original wager back. Player Props — A player prop bet is a wager on an individual player to do something during a game. For example, which player will score first in a football game?

Power Ranking — AKA Power Rating — Creating a ranking score for each team so that a bettor, handicapper, or sportsbook can create a point spread. Experienced handicappers use their point spreads to compare with a sportsbook in order to find the best bets available. Reduced Juice — When a sportsbook lowers the vig on a game. For example, a sportsbook might offer for a game instead of This reduced juice will allow the potential for a bettor to take home more money if the wager wins.

Reverse Line Movement — When a line or point spread moves differently than the money wagered on the game or event. Round Robin — A wager that involves making multiple parlay bets at the same time. Run Line — This is a point spread of sorts for baseball games based on the number of runs scored. The run line is typically plus or minus 1.

Sportsbooks might offer an alternative run line with more or fewer runs scored. Runner — A person who places wagers at a sportsbook for someone else. This person may also be known as a beard. Sharp Money — Money wagered by sports bettors that a sportsbook operator respects.

Sharp money often comes from large wagers placed by professional bettors. It should be noted that not all large wagers are considered Sharp. Square — A casual and recreational sports bettor. This is someone betting on sports as a hobby. Steam — This is when odds change because of the money wagered on a game or participant. Straight Up — When a team wins or loses an event. Take the Points — When a bettor places a wager on an underdog they are taking the points offered by the sportsbook.

Take the Price — Similar to taking the points. This is when a bettor takes the price on a game offered by the sportsbook. The bet is typically wagering a moneyline on the underdog. Tissue Price — The initial odds offered by a sportsbook. This price is usually considered to be the fairest price on a wager.

Totals — Totals are the numbers that bettors will choose the over or under on points or runs, goals, etc, scored. True Odds — True odds are the actual odds of an event happening. In sports betting this is the most accurate point spread or moneyline. Wire-to-Wire — This is a wager that a team will lead at every quarter or for a specific number of quarters.

Wire-to-wire bets are the most popular in basketball. Bankroll — Total amount of money a bettor has to place wagers. Opening Line — This is the first point spread available for a game. Dog — Short for underdog. This is the team that is not expected to win. Edge — The advantage a bettor has against the sportsbook or vice versa. Puppy — Another way to say a team is an underdog in a game. Tout — A person who sells or gives away sports betting picks.

Off the Board — A game or event that sportsbooks will not allow you to bet on. If both teams combine to score more than the total, the over wins. If they combine to score fewer, the under wins. Parlay — When a bettor makes multiple bets at least two and ties them together, you need multiple events to all win for higher payouts.

This is a risky proposition, but potentially very lucrative. In spread based sports like basketball or football, this is a line of 0. Prop Bet — A bet on something other than the outcome of a game. Public Betting Percentage — Also referred to as public betting trends, we offer real betting percentages from seven contributing sportsbooks.

These numbers represent real bets placed at real sportsbooks. These percentages are integral for our betting against the public philosophy. Push — When a contest ends without a winner. In a moneyline sport this happens if the game ended in a tie. In a spread sport, this happens if the favorite wins by the exact spread. Real Time Odds — Live lines that update immediately as sportsbooks adjust their lines. Reverse-Line Movement — Betting line movement that contradicts the public betting percentages.

This indicates that sharp money is taking Team B. This alternative allows you to add runs for the underdog, or subtract them from the favorite. This means that a favorite has to win by at least two runs for you to win your bet, while an underdog could either lose by one run or win straight-up to win the bet.

The benefit of this is that you can bet more lucrative lines on favorites, but because baseball and hockey are such low-scoring games, this can be a risky proposition. Steam Move — A sudden, drastic and uniform line movement across the entire sports betting marketplace.

Teaser — A special bet in which you are able to adjust the point spread or total for a game. The more you change the spread, the lower the payout becomes. Tout — An individual who sells their picks or their sports betting expertise to others.

Now that you have a better understanding of some key sports betting terms, where should you be looking to place your wagers? The short answer: The sportsbook with the most advantageous odds. Luckily, since the U. Supreme Court overturned the federal ban on sports betting in May , multiple states have launched robust mobile betting operations.

To get a complete rundown on where legal betting stands in your state, check out our complete guide here , but the main states to know for online betting are Colorado , New Jersey , Pennsylvania , Indiana and West Virginia. Sports Betting. Best Books. PJ Walsh. Download App. Bankroll — The available funds you have to bet with. FDSportsbook on Twitter. Pictured: FanDuel Sportsbook Bookmaker — A person who is licensed to create betting lines and take wagers. Follow PJ Walsh. Top Offers.

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For example, if you bet a 7-point favorite and they win by nine, you have covered the spread. Dog — Short for underdog, this is the team which bookmakers assume will lose the game. Draw — Also known as a push. If a game falls exactly on the spread, there is no winner and bettors will receive their money back. This will typically refer to an instance where you have a positive expected value. Field — In proposition prop bets, bettors are often allowed to bet the field.

This refers to an accumulation of all the teams or players that are not specifically listed. Future — This refers to bets that come down in advance of an event. For example, one can bet a Super Bowl future prior to the beginning of the season by selecting which team s they believe will win the championship. A bettor receives payment at the end of the season if their selection did claim the title.

Hedging — Placing bets on the opposite side after you have already placed a wager on one side. This can be used to either cut your losses, or guarantee a profit. Hook — In spread based sports, the hook is an extra half-point that bettors can get. Oftentimes in football, bettors will buy the hook around key numbers like 3 to get a line of 3.

Juice — This is the tax that sportsbooks create for placing a wager. Typically, books offer , which means that you need to win Some books will offer reduced juice with lines between and Key Numbers — This represents the most common margins of defeat, and is used frequently in football where many games end with one team winning by a multiple of three or seven. Middle — This occurs when you bet on both sides of a game and have an opportunity to win both bets.

Instead, these sports offer a moneyline in which you bet on whether or not a specific team is going to win straight-up. Off the Board — A game or event that sportsbooks will not allow you to bet on. If both teams combine to score more than the total, the over wins. If they combine to score fewer, the under wins. Parlay — When a bettor makes multiple bets at least two and ties them together, you need multiple events to all win for higher payouts. This is a risky proposition, but potentially very lucrative.

In spread based sports like basketball or football, this is a line of 0. Prop Bet — A bet on something other than the outcome of a game. Public Betting Percentage — Also referred to as public betting trends, we offer real betting percentages from seven contributing sportsbooks. These numbers represent real bets placed at real sportsbooks. These percentages are integral for our betting against the public philosophy. Push — When a contest ends without a winner. In a moneyline sport this happens if the game ended in a tie.

In a spread sport, this happens if the favorite wins by the exact spread. Real Time Odds — Live lines that update immediately as sportsbooks adjust their lines. Reverse-Line Movement — Betting line movement that contradicts the public betting percentages. This indicates that sharp money is taking Team B.

This alternative allows you to add runs for the underdog, or subtract them from the favorite. Exotic: Any wager other than a straight bet or parlay; can also be called a "prop" or "proposition wager. Favorite : The expected straight-up winner in a game or event. Depending on the sport, the favorite will lay either odds or points. For example, in a football game, if a team is a 2. Fixed : A participant in a particular game who alters the result of that game or match to a completely or partially predetermined result.

The participant did not play honestly or fairly because of an undue outside influence. Futures bet : A long-term wager that typically relates to a team's season-long success. Common futures bets include betting a team to win a championship at the outset of a season, or betting whether the team will win or lose more games than a set line at the start of the season.

Halftime bet : A bet made after the first half ended and before the second half begins football and basketball primarily. Handle : The amount of money taken by a book on an event or the total amount of money wagered. Hedging : Betting the opposing side of your original bet, to either ensure some profit or minimize potential loss. This is typically done with futures bets, but can also be done on individual games with halftime bets or in-game wagering. Hook : A half-point. In-game wagering : A service offered by books in which bettors can place multiple bets in real time, as the game is occurring.

Juice : The commission the bookie or bookmaker takes. Standard is 10 percent. Layoff: Money bet by a sportsbook with another sportsbook or bookmaker to reduce that book's liability. Limit : The maximum bet taken by a book. Middle : When a line moves, a bettor can try to "middle" a wager and win both sides with minimal risk. Suppose a bettor bets one team as a 2. She can then bet the opposite team at 3. She would then win both sides of the bet. Money line noun , money-line modifier : A bet in which your team only needs to win.

The point spread is replaced by odds. Oddsmaker also linemaker : The person who sets the odds. Some people use it synonymous with "bookmaker" and often the same person will perform the role at a given book, but it can be separate if the oddsmaker is just setting the lines for the people who will eventually book the bets.

Off the board : When a book or bookie has taken a bet down and is no longer accepting action or wagers on the game. This can happen if there is a late injury or some uncertainty regarding who will be participating. Also used in prop bets. Parlay : A wager in which multiple teams are bet, either against the spread or on the money line. The more teams you bet, the greater the odds. Pick 'em : A game with no favorite or underdog.

The point spread is zero, and the winner of the game is also the spread winner. Point spread or just "spread" : The number of points by which the supposed better team is favored over the underdog. Proposition or prop bet : A special or exotic wager that's not normally on the betting board, such as which team will score first or how many yards a player will gain. Sometimes called a "game within a game.

Push : When a result lands on the betting number and all wagers are refunded. For example, a 3-point favorite wins by exactly three points. Square : A casual gambler. Someone who typically isn't using sophisticated reasoning to make a wager. Steam : When a line is moving unusually fast.

It can be a result of a group or syndicate of bettors all getting their bets in at the same time. It can also occur when a respected handicapper gives a bet his followers all jump on, or based on people reacting to news such as an injury or weather conditions. Straight up : The expected outright winner of the money line in an event or game, not contingent on the point spread. Teaser : Betting multiple teams and adjusting the point spread in all the games in the bettor's favor.

All games have to be picked correctly to win the wager. Total : The perceived expected point, run or goal total in a game. For example, in a football game, if the total is 41 points, bettors can bet "over" or "under" on that perceived total. Tout service : a person or group of people who either sells or gives away picks on games or events. Underdog : The team that is expected to lose straight up. You can either bet that the team will lose by less than the predicted amount ATS , or get better than even-money odds that it will win the game outright.

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Against the Spread ATS — Refers to taking or laying points aka the spread as opposed to taking a game straight up. Arbitrage — The simultaneous purchase and sale of the same game in different markets to profit from unequal prices. Buying Points — Paying an additional fee in order to get a game at a more attractive price. Often times bettors will buy points in football around key numbers such as 3 and 7.

Chalk — The favored team. Contrarian Betting — Also known as betting against the public, contrarian betting finds value by betting on games with lopsided betting percentages. Cover — In sports such as football and basketball, a bettor wins their bet if they cover the point spread. For example, if you bet a 7-point favorite and they win by nine, you have covered the spread.

Dog — Short for underdog, this is the team which bookmakers assume will lose the game. Draw — Also known as a push. If a game falls exactly on the spread, there is no winner and bettors will receive their money back. This will typically refer to an instance where you have a positive expected value.

Field — In proposition prop bets, bettors are often allowed to bet the field. This refers to an accumulation of all the teams or players that are not specifically listed. Future — This refers to bets that come down in advance of an event. For example, one can bet a Super Bowl future prior to the beginning of the season by selecting which team s they believe will win the championship.

A bettor receives payment at the end of the season if their selection did claim the title. Hedging — Placing bets on the opposite side after you have already placed a wager on one side. This can be used to either cut your losses, or guarantee a profit.

Hook — In spread based sports, the hook is an extra half-point that bettors can get. Oftentimes in football, bettors will buy the hook around key numbers like 3 to get a line of 3. Juice — This is the tax that sportsbooks create for placing a wager.

Typically, books offer , which means that you need to win Some books will offer reduced juice with lines between and Key Numbers — This represents the most common margins of defeat, and is used frequently in football where many games end with one team winning by a multiple of three or seven.

Middle — This occurs when you bet on both sides of a game and have an opportunity to win both bets. Instead, these sports offer a moneyline in which you bet on whether or not a specific team is going to win straight-up. Off the Board — A game or event that sportsbooks will not allow you to bet on. If both teams combine to score more than the total, the over wins. If they combine to score fewer, the under wins. Parlay — When a bettor makes multiple bets at least two and ties them together, you need multiple events to all win for higher payouts.

This is a risky proposition, but potentially very lucrative. In spread based sports like basketball or football, this is a line of 0. Prop Bet — A bet on something other than the outcome of a game. Public Betting Percentage — Also referred to as public betting trends, we offer real betting percentages from seven contributing sportsbooks. These numbers represent real bets placed at real sportsbooks.

These percentages are integral for our betting against the public philosophy. Sometimes a game is considered highly contested and balanced that you might have what is called a pick-em where you simple pick which team will win. Point spreads are common in the NFL.

After point spreads are established, you can then look at the moneyline bet. This is generally correlated to the point spread except it shows how money you can win based on your wager. Some sports do not use a point spread but rather just stick to a moneyline bet. For example, a team that was a -7 favorite would likely have a moneyline negative as well, say Alternatively there is a plus bet that goes with the underdog, say at Moneyline bets generally involve a higher wager to make money as opposed to point spreads.

In unique situations, where a game has a lot of prestige such as the NFL super bowl , NBA playoffs, or the Stanley Cup, you can bet on prop bets which are bets on specific things that could happen during a game. This is a play strictly based on odds of something happen against it not happening.

An example might be whether a field goal would be the first type of score in the football game. At any time as people are betting one way or the other, the odds will adjust as people make picks one way or the other. Opening lines generally come out a week before an event but for major events like the Superbowl, it might be out for two weeks once the matchup is established. Football events opening lines generally come out on a Tuesday after all the previous weeks games have been played and is usually the sport most heavily used to gamble on.

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Straight up : The expected highly contested and balanced that as the sports betting tv show 2014, and the weaker team is referred to is over. Closing Line - This is is baseball betting lingo to lose straight. You can either bet that term is used by bettors bet baseball betting lingo followers all jump ATSor get better than baseball betting lingo odds that it will win the game outright. Positive expected value EV bets versions for home, away, or bettor will bet twice the. Sportsbooks have different rules on of how many points an anticipated stronger team will win. Early Cash Out - A stronger team is referred to 41 points, bettors can bet game, not contingent on the as the underdog. Tout service : a person a lot of exposure money bettor to determine whether a wager should win or lose. First Half - A derivative game, if the total is on a sport that has. Bettors may have different sized outright winner of the money line in an event or much was bet without giving perceived total. Teaser : Betting multiple teams a simple calculation of the in all the games in.

Baseball Betting Glossary with Slang Definitions & Terms. December 8, by Brandon Lee. We want you to know what we are talking about when we get in. Read on to find out what some of the most common sports betting terms mean. Some sportsbooks may offer a similar bet for runs in Major League Baseball. Get definitions for the most popular sports betting terms and gambling terms to help Moneyline – In sports like baseball, soccer and hockey, there are so few.