Glossary

SPORTS BETTING TERMS

Accumulator – this is also called a parlay bet. Each of the bets in the accumulator must win in order for the wager to win. If one leg of an accumulator loses the wager loses.

Action – having a bet on a game.

Bad beat – Losing a bet you should have won.  A rare occurrence usually happens near the end of the event that causes you to lose.

Bankroll – Total amount of money a bettor has to place bets.

Bonus – Sportsbooks offer a financial bonus to customers for a variety of reasons. A signup bonus is the most popular way to incentivize bettors to use a certain sportsbook.

Book – Short for sportsbook or bookmaker; person or establishment that takes bets from customers.

Buy Points – The ability a bettor has to pay for a half-point or more off the spread.

Early Cash Out – A way for bettors to settle a wager for a certain dollar amount before the event is over. This is a way to lock in a profit or abandon your bet at a smaller value than the wager would ultimately pay.

Even Money – A wager that pays the same as was risked.

Exotic Wager – These are non-traditional sports bets. Exotic wagers aren’t point spread, moneyline, or futures bets on a certain event. This kind of wager is often listed as a prop bet in a sportsbook.

Favorite – The expected straight-up winner in a game or event.

Futures – A type of bet that is placed to predict a future outcome. Example – betting on a team to win the Super Bowl before the season starts.

Handicap – The spread of a game or event. Also called the point spread.

Handicapper – A person who analyzes sports events to predict the winning team or player.

Hedging – Betting the opposing side of your original bet, to either ensure some profit or minimize potential loss.

Juice – The commission the bookie or bookmaker takes. Standard is 10 percent.

Lock – Another way of saying that a team or player will be an easy winner.

Margin – How much a team or player ends up defeating their competitor(s) by.

Money line – A bet in which your team only needs to win.

Pick ’em – A game with no favourite or underdog. The point spread is zero, and the winner of the game is also the spread winner.

Player Prop – 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?

Push – When a result lands on the betting number and all bets are refunded. For example, a 3-point favourite wins by exactly three points.

Return The total amount of money produced by a winning wager. Losing wagers have a negative return.

Stake – The amount of money placed on a bet.

Teaser – Similar to a parlay, but the point spreads are adjusted more to favour the bettor, giving less on a favourite or taking more on an underdog in exchange for a lower payout.

Underdog – term for a team or player that is not expected to win.

American Odds – American odds are displayed differently than the rest of the world. Moneyline odds are shown as + or – a number in the US. Outside of the US, the same odds might be presented with a decimal point or by a fraction.

Chalk – A term for the team that is the favorite in an event. This team or player is usually a big favorite. The chalk is the expected winner by a large margin.

Contrarian – Betting against the trends of the mainstream popular opinions. Bettors usually place contrarian wagers when there is value on the opposite opinion.

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).

Exposure – The amount of money a sportsbook potentially could lose for a specific event. For example, sportsbooks might have a lot of exposure (money at risk) on one team winning a championship versus another.

Live Betting – Placing a wager on a game or event while it’s taking place. This is also known as In Play wagering.

Nickel – Placing a $500 wager. A “Dime” is a $1,000 wager.

CASINO BETTING TERMS

Ante – In card games, before you begin a hand, you will be asked to place a bet. This is a compulsory bet before you receive your cards.

Baccarat – Also known as Punto Bando, Baccarat is a table game that uses 6 or 8 decks of cards.

Banker – Another term for the dealer when it comes to table games.

Bet Max – Bet Max is the maximum amount you wish to stake on a spin.

Bet Min – Bet Min is the minimum amount you wish to place on a spin.

Betting Limits – The minimum and maximum betting limits on a casino game.

Blackjack – Also known as 21, Blackjack is a card game where you to play against the dealer by reaching number 21 without exceeding it.

Caribbean Stud – A table game based on online poker but played at a blackjack-type table against the House.

Casino Advantage – The house edge a casino has over its players.

Chips – Casino tokens used in place of a real money for gambling.

Classic Slots – Classic slots are retro-style video slots consisting mainly of just 3 reels. Also known as ‘fruit machines’ or ‘classic vegas slots’, these were the first games to go online.

Craps – Craps is a table dice game where players make bets on the outcome of the roll.

Deal – A card that is dealt to a player during a game.

Dealer – A dealer is a casino representative who manages a table game.

Deck – the standard 52 cards used in a card casino game.

Deuce – Number 2 in dice.

Double or Nothing – A stake that pays the same amount as wagered or nothing.

Draw – When a player takes additional cards in card games such as Blackjack and Baccarat.

Face Cards – The Jack, Queen and King of any suit.

Fold – Abandoning a hand and losing a bet in a table card game.

Free spins – Free Spins are spins that cost you nothing. Free spins are either awarded by a casino as part of a promotion or else triggered by playing a slot game.

Hand – The set of cards a player has in his possession during a round. This term is mostly used in table games.

High Roller – A person who makes large bets.

Hit – Used in blackjack, a hit is a request for another card.

House – Another term for casino.

House Rules – The regulations of a particular video slot or table game including buy-ins.

Insurance – It is a bet which is offered to the player in online blackjack when his face up card is an ace.

Limits – The minimum and maximum amounts that can be staked on a single bet.

Multiplier – These are symbols that carry specific values that will multiply your winnings.

Odds – The chances of winning and possible outcome.

Progressive Jackpot – A progressive jackpot is a cumulative prize whose value keeps increasing a small amount every time someone plays that particular video slot. The jackpot will keep on growing until someone hits the jackpot. The same process would restart after the jackpot has dropped.

Punto Banco – Another term for Baccarat.

Roulette – A casino game where a numbered wheel with a ball within will be spun. The player has to predict where a ball will land.

Slots – A digital form of the classic slot machines. Reels have to be spun and symbols have to line up in order to achieve a payout.

Twenty-One – Another term for blackjack.

Wager – A bet

Withdrawal – When a player requests to draw money from his account.

HORSE RACING BETTING TERMS

Abandoned – A race meeting may be abandoned due to poor weather conditions. All bets on races that get abandoned are refunded.

Across the Board – A bet used in North America that combines a win bet, a place bet and a show bet.

Added Weight – Weight carried by a horse that is over the amount required by the conditions of a race. Typically due to a jockey exceeding the weight limit.

All Age Race – A race for all horses aged two years and older.

All Out – When a horse is running at full speed.

All Weather – An artificial racing surface designed to be suitable for racing in all weather conditions.

Amateur – A jockey that does not receive fees for riding in races.

Ante-Post Betting – Betting well in advance of a race.

Apprentice – A trainee jockey.

At The Post – Horses are said to be at the post when they arrive at the start.

Baby Race – A race for horse aged two years old.

Banker – A horse strongly favored to win a race.

Bearing In/Out – When a horse deviates from a straight course.

Bit – A piece of equipment that is fitted into a horse’s mouth and attached to the bridle. Helps a jockey to guide and control a horse.

Bleeder – A horse that often suffers from broken blood vessels when racing.

Blinkers – A garment fitted to a horse’s head to reduce vision to the side and focus it to the front.

Boxed In – When a horse gets trapped behind or between other horses.

Breather – Jockeys may give a horse a breather during a race, allowing it time to fill its lungs.

Bridle – A piece of equipment that fits over a horse’s head and is used to control the horse. Holds the bit in the horse’s mouth.

Chalk – The favorite horse in a race, i.e. the one with the lowest odds.

Claiming Race – A race in which the competing horses are all for sale until just before the race.

Classic – A race of traditional significance.

Clerk Of The Course – The racecourse official that has overall responsibility for the course.

Clerk Of The Scales – The racecourse official responsible for weighing jockeys before and after a race.

Closer – A horse that runs well towards the end of a race.

Colt – A male horse aged four years or younger.

Conformation – The build and physical structure of a horse.

Course Specialist – A horse that is proven at a specific racecourse.

Dead Heat – When two or more horses cannot be separated at the finishing post, resulting in a tie.

Driving – Pushing a horse to its maximum limits.

Earmuffs – Equipment that is placed over a horse’s ears to prevent possible distraction from noise.

Exacta – A bet on which two horses will finish in the top two positions in a race, in the correct order. Also known as duel forecast, exactor, perfecta.

Exotics – A collective term used to describe certain wagers that are more complex than straight bets.

Field – Collective term for all the horse in a race.

Filly – A female horse aged four years or younger.

Firm – A condition of a turf course; indicates there is little to no give in the ground.

Form – The racing record of a horse.

Gelding – A male horse that has been neutered.

Going – The going describes the condition of the surface at a race track.

Graded Race – A race of a certain quality. Can be Grade I, II or III with Grade I being the highest quality

Hand – A unit of measure used to describe the height of a horse. Equal to 4 inches.

Handicap Race – A race where the horses are allocated a weight to carry as decided by the official Handicappers. The goal is to level the playing field so all the horses have a theoretically equal chance of winning.

Hurdler – A horse that races over hurdles.

Jockey – The rider of a horse in a race.

Jump Racing – Racing where there are obstacles for the horses to negotiate, such as fences and ditches.

Juvenile – A two year old horse.

Lock – Slang term for a sure winner.

Longshot – A horse with high odds that is not expected to have much chance in a race.

Maiden Race – A race for horses (or jockeys in some cases) that have never won a race.

Maiden – A horse or jockey that has never won a race.

Mare – A female horse aged five years or older.

Nod – The action of a horse lowering its head. Used to describe a very close finish between two horses. For example “he won on the nod”.

Non Runner – A horse that was expected to run in a race but is withdrawn for some reason.

Nose – An approximate measure to describe the distance between horses, typically used at the end of a race. For example “he just won it by a nose”. Roughly 5% of one length.

Objection – A complaint made by one jockey against another, relating to some action in a race.

On The Bridle – A term to describe a horse that is running comfortably.

On The Nose – Slang term for betting on a horse to win only.

Paddock – Area of a racecourse where horses are saddled prior to a race.

Photo Finish – When two or more horses are so close at the finishing post that a photo is used to determine the winner.

Pulled Up – When a horse is stopped during a race.

Purse – The total amount of prize money awarded for a race.

Refuse – When a horse will not start a race, or will not jump an obstacle.

Reverse Exacta – A bet on which two horses will finish in the top two positions in a race, in either order. Also known as reverse forecast, reverse perfecta, quinella.

Reverse Trifecta – A bet on which three horses will finish in the top three positions in a race, in any order. Also known as reverse triactor, combination tricast.

Silks – The jacket and cap worn by jockeys to represent the owner of the horse they are riding.

Stallion – A male horse used for breeding.

Stayer – A horse with good stamina that tends to do well in long races.

Stud – A male horse used for breeding or a breeding farm/stable.

Trifecta – A bet on which three horses will finish in the top three positions in a race, in the correct order. Also known as triactor, tricast.

Triple Crown – A series of classic or famous races. Different regions have their own Triple Crowns.

Win Bet – A straight bet on a specified horse to win a specified race

Yearling – A horse aged one year.