| Bet |
To lay money on the correct prediction of an outcome. Also to
lay, gamble and wager.
|
| Bookmaker |
The person who takes your bet.
|
| Cent line |
The cent line is the US system of prices. The type of cent line
used determines the difference in price between the favourite
and the underdog, and also determines the incremental
difference between one line move and the next.
|
| Circled Game |
Applies
to US sports. A game where the betting activity is limited
by the bookmaker; this usually happens where bad
weather or injury may significanlty alter the chances of
either team winning, thereby making the outcome far more
uncertain.
|
| Dead Heat |
Applies
to Tournament-type bets, Three Balls (golf) and Top Batsman
(cricket); where two or more competitors both qualify for
an equal place.
|
| Dog |
Abbreviation
of Underdog
|
| Favourite |
The team or player considered by the oddsmaker to have more chance of winning than their opponents.
|
| Fixed-odds
sports |
Applies to US sports, namely NFL, College Football, NBA and College Basketball, where the price for the Side rarely moves from
-1.10.
|
| Gamble |
See
bet. Also wager and lay.
|
| Gross
Win |
Your
total payout, i.e. including your stake.
|
| Handicap |
A
term usually associated with International sports. The handicap
is the advantage given to the underdog, and the disadvantage
given to the favourite, in order to even up the possible outcome
of the event and give the bet more value. Known as the Spread
in US sports.
|
| Lay |
To stake money on an outcome; to bet, wager or
gamble.
|
| Line |
The
odds, or the price. The figure by which you
multiply your stake to calculate your winnings.
|
| Net
Win |
The profit on your payout, i.e. excluding your stake.
|
| Non fixed-odds sports |
Applies to US sports, namely Major League Baseball and Ice Hockey,
where the price for the Side is not fixed at -1.10 (see
Fixed-odds sports).
|
| Odds |
Also
the line, or the price. The figure by which
you multiply your stake to calculate your potential winnings.
|
| Oddsmaker |
The person who establishes the odds.
|
| Outright |
The price to come first in a Tournament, as opposed to
winning a place.
|
| Payoff |
The winnings on your bet
|
| Payout |
The winnings on your bet
|
| Place |
Applies to Tournament-type bets only, where a set number of valid
places are declared by the bookmaker (e.g. first, second
and third), and your place bet will win if your selection
comes within this range.
|
| Pointspread |
Applies to US sports. The pointspread is the advantage given to the
underdog, and the disadvantage attached to the favourite,
in order to even up the outcome of the event and give the
bet more value. See also Spread and Handicap.
|
| Price |
The
odds or the line.
|
| Push |
A
tie or a draw. There is no winner, therefore
all bets become void and the stakes are returned.
|
| Range |
Applies to Tournament-type bets only. The number of places declared valid for betting purposes.
|
| Return |
Your
winnings, including your stake.
|
| Rule
4 |
Applies to Tournament-type bets only. A ruling which may be applied at the bookmaker's discretion, when a competitor withdraws
from an event thereby altering the other competitors' chances
of winning.
|
| Split |
Applies
to Tournament-type bets only. The figure by which the outright
odds are multiplied in order to calculate the payout
for a place.
|
| Spread |
See
Pointspread.
|
| Starting
pitchers |
Applies
to baseball. The pitchers that are declared to be opening
the game for either team. If one or both pitchers are changed,
the bets attached to them may be voided or the recalculated.
|
| Stake |
The amount of money wagered.
|
| Tournament |
A competition / championship where a number of competitors all
aim to take first place.
|
| Underdog |
The team or player considered by the oddsmaker to have
less chance of winning than their opponents.
|
| Value |
Good
odds / a good price.
|
| Wager |
To
bet, lay or gamble.
|
| Winnings |
The
money you win (your profit) if your bet is successful. |
