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Glossary of Sports Betting Terminology

Common Sports Wagering Terms and Lingo

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M through Z


Middle Refers to winning both sides of a wager. This is possible by betting on two different lines at more than one book. E.g. Pittsburgh – 2 ½ and Dallas + 3 ½ ; if Pittsburgh wins by 3.
Moneyline The amount you must bet to win 100 or the amount you win if you bet 100.
Neutral Site A game played where neither team nor side has home field advantage.
Nickel Refers to $500.
Off The Board A game in which no bets are being accepted.
Over/Under A bet on whether the combined total of the points scored in a contest will exceed or be less than the specified number.
Overlay When the odds on a proposition are in favor of the bettor rather than the house.
Parlay A popular bet that has two or more wagers where all the wagers must win for the bet to be considered a win. Check with you Bookie to determine the exact rules for Parlays.
Past Post To place a wager after an event has started.
Penny Line A money line that is adjusted in increments of a penny, or one cent at a time.
Pick or Pick'em A game where neither team is favored.
Pointspread The handicap in game points, which the favorite gives to the underdog for betting purposes.
Press Refers to a better betting a larger amount than usual.
Price The moneyline odds on the favorite of a given match. Also refers to the amount you pay to place a bet.
Puppy Another word that refers to an Underdog.
Push A tie between the bettor and the bookmaker that is the result of the score of an event falling exactly on the pointspread number, or the total points number.
Round Robin A series of parlays. A three-team round robin consists of one three-team parlay and three two-team parlays.
Scalper One who attempts to profit from the differences in odds from book to book by betting both sides of the same game at different prices.
Score A bettor “scores” when they win a lot of money.
Scratch Known as a withdrawl or cancel.
Sharp A wise guy or profitable bettor.
Side To win one side and tie the other; for example, if you lay -2 1/2 and take 3 on the same game and the favorite wins by 3 you have sided the book; the book has been "Sided"
Side Bet/Side Wager A wager on a particular team, or side, to win a contest.
Soft Line A wagering line that is not current with the true posted line; a line that has been adjusted or moved as a result of action and does not reflect the true line as posted
Spread An abbreviated form of pointspread.
Steam When a betting line starts to move in either direction rapidly.
Straight Bet A single wager on a selected side or over/under.
Teaser A bet on 2 or more teams where the line on each team is adjusted. Just like a Parlay, all individual teaser selections must win for the teaser to win. Check with you Bookie to determine the exact rules for Teasers.
Toss Up This refers to a contest in which the line is close to pick a winner.
Total The line on a given contest, representing the combined number of points scored by the two teams; see Over/Under.
Tout Service A business that sells opinions on contests.
Underdog The contestant in a given contest that is considered to have the least chance of winning.
Underlay When the odds on a proposition are in favor of the house.
Vig or Vigorish A sportsbooks commission also known as "Juice" or “Vig.”
Wise Guy An established and successful sports bettor.

Terminology A through L

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