A glossary of commonly used betting terms

There are 178 entries in this glossary.
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Term Definition
Accumulator

Also known as a Parlay or multiple. A multiple bet where two or more bets are chosen and all these selections must win for the accumulator to payout

Action

A bet/wager of any kind

Added Game

A game that is not part of Las Vegas regular posted as an accommodation to customers

Advantage

Also known as the edge, juice or vigorish. A bookmaker’s commission

AFC

American Football Conference. The winners of this division will play the winners of the NFC in the Super bowl to decide which team is the NFL champion

AFL

Abbreviation for Australian Football League (AFL) is the highest-level professional competition in the sport of Australian rules football

Ajax

1) UK slang for betting terms 2) Dutch soccer side from Amsterdam

All-up

Also known as an Accumulator or Parlay

American football

The European term for football played in the United States. In the US it is simply known as football. It is a team sport, played by two teams, eleven players to a side, who advance an oval ball over a rectangular field that is 120 yards long by 53.3 yards wide and has goalposts at both ends. The team in possession of the ball (the offense) attempts to advance down the field by running with or passing the ball. To continue their drive, the offense must advance the ball at least 10 yards down the field in a series of four downs. If they succeed, they receive a new set of four downs to continue their drive. Otherwise, they lose control of the ball to the opposing team. The offense can score points by advancing the ball into the end zone (a touchdown) or by kicking the ball through the opponent's goalpost (a field goal), while the defense can score points by forcing an offensive turnover and advancing the ball into the offense's end zone or by tackling the ballcarrier in the offense's end zone (a safety). The team that has scored the most points by the end of the game wins.

American League

Often abbreviated to AL. one of two MLB divisions

Ante Post

Also known as Futures. This is a bet that is placed in advance predicting the outcome of a future event.

Arbitrage

Where a variation in odds available allows a bettor to back both sides and guarantee a win

ATS

'Against the Spread’ – taking points rather than betting with the spread and laying points.

Australian Open

One of the four grand slams of tennis. The tournament takes place in Melbourne Park

Bad beat

Losing under unusual or exceptional circumstances

Bank roll

indicates how much credit there is in a punter's or bettors bookmaker account.

Bar Price

The odds of selections at their last quoted price

Baseball

Baseball is a bat-and-ball sport played between two teams of nine players. The aim is to score runs by hitting a thrown ball with a bat and touching a series of four bases arranged at the corners of a 90-foot diamond. Players on the batting team take turns hitting against the pitcher of the fielding team, which tries to prevent runs by getting hitters out in any of several ways. A player on the batting team can stop at any of the bases and later advance via a teammate's hit or other means. The teams switch between batting and fielding whenever the fielding team records three outs. One turn at bat for each team constitutes an inning and nine innings make up a professional game. The team with the most runs at the end of the game wins.

Basketball

Basketball is a team sport, the objective being to shoot a ball through a horizontally positioned basket to score points, while following a set of rules. Usually, two teams of five players play on a marked rectangular court with a basket at each width end. Basketball is one of the world's most popular and widely viewed sports

Beard

a friend or acquaintance that places bets in order to hide the true identity of the true bettor. A betting red herring so-to-speak.

Beef

slang term for a dispute.

Beeswax

Also known as Bees or Ajax. The UK term for betting tax

Bet

A wager of any kind

Betting line

a priced wager of any kind. Essentially, a betting opportunity

Betting System

A method of betting, usually mathematically based, used by a bettor to try to get an advantage

Betting Tax

A Tax on a Bookmakers turnover. Also known in the UK as Duty.

Bettor

someone that makes a bet.

Bonuses

Rewards granted by bookmakers/sportsbooks for bettors/members

Bookie

Slang for a bookmaker

Bookmaker

The person that creates odds for people to bet on. A bookmaker is licensed to accept bets/wagers

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