Sports Betting Terms:

Here are a few basic sports betting terminology to help with understanding sports betting:

Action - A sports betting wager of any kind, a bet.

Angles – Using key factors from previous events to predict the results for future outcomes.

Bet – To risk something on the outcome of an event

Book - In sports gambling a Book is an establishment that accepts bets on the outcome of horse racing and sporting events. 

Buck - Sports betting term for a $100 wager.

Chalk - The favorite.

Dime - $1000.00 sports betting wager.

Dollar - $100, in sports wagering.

Favorite - In sports betting this it the team expected to win an event. The quoted odds reflect the extent to which the choice is favored.

Gamble- To risk money on the outcome of an event. 

Handicapper - When it comes to sports betting a handicapper is one who studies, rates and wagers on sporting events and/or races.

Handicapping - In sports gambling this is the attempt to predict the outcome of sporting events.

Limit - In sports betting limit is the maximum amount a bookmaker will allow you to bet before he changes the odds and/or the points.

Line - In sports betting, the current odds or point spread on a particular event.

Money line - odds expressed in terms of money. With money odds, whenever there is a minus (-) you lay that amount to win a hundred dollars, where there is a plus (+) you get that amount for every hundred dollars wagered.

Nickel - $500.00, in on a sports gambling wager.

Nickel line - A sports wagering line where the juice is 5%.

No action - A wager in sports betting in which no money is lost nor won.

Odds- The likelihood of the outcome occurring, stated in numbers form. 

One dollar - $100.00 in sports betting action.

Point spread - In sports betting this is the predicted scoring differential between two opponents as quoted by a sports book.

Power Ratings- The strength of a team in comparison to another team.

Press - In sports betting this means to wager a larger amount than usual.

Price - Sports betting term for the odds or point spread.

Sportsbook- a person or company that accepts bets.

Spread - A spread in sports wagering is the predicted scoring differential between two opponents as quoted by a sports book. See "point spread."

Straight bet - In sports betting this is a wager on just one team or horse.

Under - When it comes to sports betting a under is a wager in which the bettor guesses that the total points scored by two teams will be under a certain figure.

Underdog - The team perceived to be most likely to lose. Also known as the "dog" in sports betting terminology.

Value - In sports betting value means getting the best odds on a wagering proposition; the highest possible edge.

Wager- To risk money on the outcome of an event.

Wise guy - A wise guy is the sports gambling term for a well-informed or knowledgeable handicapper or bettor.