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

ATS - "Against the spread," taking points rather than betting with the spread and laying points in sports betting.

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.

Bookie - In sports wagering a person who accepts bets.

Bookmaker � see bookie

Buy (Points) - In sports betting, a player pays an additional price to receive half a point or more in his favor on a point spread game.

Chalk - The favorite.

Chalk Player - In sports gambling this person is someone who usually only plays the favored teams, rarely betting on the underdogs.

Cover - In sports betting this term means a pointspread win.

Dime - $1000.00 sports betting wager.

Dog - In sports betting, the team perceived to be most likely to lose.

Dog Player - In sports gambling this term refers to one who mostly plays the underdog.

Dollar - $100, in sports wagering.

Edge - A persons Advantage when it comes to sports betting.

Even Money - Sports betting term "Even money" is a bet whose odds are 1/1; a wager in which no juice is laid.

Exotic - In sports gambling the term Exotic is any wager other than a straight bet or parlay - also called a prop or proposition.

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.

First half bet - In sports betting this is a bet placed only on the first half of the game.

Future - In sports gambling odds are posted in advance on the winners of various major events including the Super Bowl, the World Series, the Stanley Cup, and the NBA Championship this is called a Future bet.

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

Half a dollar - $50.00 in sports betting action.

Half time bet - In sports betting this is a bet placed only on the second half of the game.

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.

Hedging - A sports betting term that means placing wagers on the opposite side in order to cut losses or guarantee a minimum amount of winnings.

Hook - In sports betting a Hook is a half point added to football and basketball betting lines.

Juice - The bookmaker's commission on a losing bet. Usually 10%.

Laying the points - Betting the favorite by giving up points.

Layoff - sports betting term for money bet by a house with another bookmaker to reduce its liability.

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.

Linemaker - In the sports betting industry this is the person who establishes the original and subsequent betting lines.

Middling - To win both sides of the same contest in sports betting event. Wagering on the underdog at one point spread and the favorite at a different point spread and winning both sides.

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.

Move the line - A player pays an additional price to receive half a point or more in his favor on a point spread game.

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

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.

Off the board - In sports betting this is a game on which the bookmaker will not accept action.

Opening Line- The earliest line posted for a particular sporting event.

Over - In sports gambling the "over" is a sports bet in which the bettor guesses that the combined point total of two teams will be above a specified total.

Parlay - In sports wagering, a bet with two or more teams in which all teams must win or cover for the bettor to win and receive higher payouts.

Pick 'em - When neither team is favored. Also called a "pick" in sports betting terms.

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.

Prop (Proposition) Bet - In sports gambling this is a special wager offered by the sports book on unique and various topics. These wagers can be on sporting events, politics, and even trial outcomes. The wagers use the money line format of pay off odds and might included who scores the first touchdown in the super bowl, who will win the next presidential election, or whether or not O. J. will be found guilty.

Push - When the contest ends with no winner or loser for wagering purposes.  Also, a tie.

Run line - In baseball a spread used instead of the money line.

Runner - One who places bets for another.

Sides - In sports betting, the names of the two teams playing: the underdog and the favorite.

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-up winner - Game winner

Systems- Using past trends to create a consistent winning formula.

Taking the points - Betting the underdog.

Teaser - A teaser is similar to a parlay which allows you to adjust the betting line in your favor. Payout odds decline for teasers.

Tie - SEE PUSH.

Total - The combined amount of runs, points or goals scored by both teams during the game, including the overtime.

Totals Bet - In sports gambling this is a proposition bet in which the bettor speculates that the total score by both teams in a game will be more or less than the line posted by the sports book.

Tout - Someone who sells their expertise on sports wagering.

Trends- Using the past to predict the future focusing in on only one team.

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.

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