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As with most things in life, the world of wagering has a lot of terms and slang that represent something specific within the sports betting universe.
Knowing the lingo will help you understand what people are talking about and make you feel like you can talk the talk before you try to walk the walk.
Chalk – “Chalk” refers to a generally strong favorite (team, individual or horse) in a competition. Box24casino. Someone who bets the chalk is typically betting on the heavy favorite, which usually has a steep price because the favorite could be in the -300 or -500 range (bet $300/$500 to win $100).
Sports Gambling Related Terms: Action: Refers to a bet or a wager. ATS: Short for “Against the Spread.” Angles: Refers to a specific team or the league in general. BR: It is the same as in poker, as it stands for “Bank Roll,” which is the money the player has in his balance. Bad Beat: It is a term used to describe a hard loss. These common terms might be able to shed some light on the confusing gambling world of sports betting, especially if you are a newbie. Action – This means any money bet on a race or contest. This page displays sports betting and handicapping terms to help bettors understand the lingo used in the sports gambling world. You will find many of the following sports betting terms listed on our website and in in our football picks, basketball predictions, baseball picks, and NHL predictions. Action - A sports betting wager of any kind, a bet.
Dime – A “dime” or “dime bet” is slang referring to money. A dime, in betting circles, refers to exactly $1,000.
Juice – A term that refers to the amount charged by a bookmaker/bookie/sportsbook for taking a bet from someone. This may also be referred to as vigorish or vig.
Negative Money Line – A negative money line represents the amount of money that a person making a wager would have to bet to win $100. If, for example, the money line was -200, you would need to bet $200 to win $100.
Nickel – A “nickel” or “nickel bet” is slang referring to money. A nickel, in betting circles, refers to exactly $500.
Gambling Terms Sports Betting
Over/Under – In sports betting, the over/under or over-under (also referred to as “O/U”) is a number for a score/statistic in a given game set by sportsbooks. Bettors then wager that the actual number in the game will either be higher or lower than the predicted number set by sportsbooks.
Gambling Terms Sports Articles
Spread Bet – The most popular form of sports betting, bettors need to win by a point spread offered by the sportsbook. The favorite to win the game is listed as being a minus (-) the point spread.
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Sports Gambling Terms
Underdog – The team in a matchup that the sportsbook views as the inferior team.
Sports Betting Terms And Definitions
Vigorish (or vig) – A term that refers to the amount charged by a bookmaker/bookie/sportsbook for taking a bet from someone. This can also be referred to as juice.