otb betting term juice
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Otb betting term juice calvert foundation impact investing research

Otb betting term juice

Fold - This term signifies the number of selections in an accumulator. For instance, a Four-Fold Accumulator includes 1 bet involving 4 selections in separate events, and in order to get a return, your all selections must be successful.

Forecast - In this bet, the bettor needs to select the first 2 horses finishing the race in the correct order. Form - Refers to the current performance of a team or individual player. Fractional odds - Whenever we look at two numbers separated by a slash, i.

Fractional odds permits the bettor to calculate how much money he will win on his bet in comparison to his stake. Here 6 represents how much the bettor will win while 1 represents how much you have to stake. Full Time - The end of a normal length of a game or match, commonly used in football to define ninety minutes. Future - A bet placed on an event, which will be decided in the future, very common in the US where prices are open before happening of an event, like ante-post.

G GamCare - The national center for information, guidance, and useful help regarding the social impact of gambling in the UK. Gelding - Refers to a male horse, which has been castrated. Goal-line - This refers to the total number of goals bettors believe will be scored during a game. As this is an under or over the market, the bettor needs to be precise for their bet to win Going - Refers to the condition of the ground such as hard, muddy, or soft.

Going Down - When horses are making their way to the beginning post. Going In - This term describes that horses are beginning to enter the starting stalls. Going to Post - When horses are on the route to the beginning of a race. Goliath - It is an eight selection bet that includes bets such as twenty-eight doubles, fifty-six trebles, seventy four-folds, fifty-six five-folds, twenty-eight six-folds, eight seven-folds, and an eight-fold accumulator.

Grand Salami - This bet is only available in baseball and hockey and refers to one big collective total for all of the matches on the board on a particular night. Guineas - This term refers to the two classics flat races run at Newmarket, i. H Half Time - A halfway interval of the match. Half time bet - A bet placed by the bettors on the half time outcome. Half time result - A bet, which involves the bettor correctly predicting the outcome of a game at half time.

Half-ball handicap - A Handicap that is 0. Handicap - A mathematical figure set by the bookie to oppose the supposed bias inabilities of the challenger - this offers more balanced odds. Handicap Betting - System of practically adding or cutting points from an expected outcome to make a one-sided match more attractive to a bettor. Handicap Races - Refers to horse racing wherein horses carry different weights, allotted by the handicapper.

A good horse will carry a heavier weight against slower horses. Handicapper - Someone who analyzes an event and predict the winning team or player. Handicapping - The process involved in horse racing whereby the horses are marked on how well they have run in their current races. The main motive behind it is to give every horse an equal opportunity to win a race. Handle - Generally, bookmakers use this term to describe the sum of money gambled over a specific time frame.

In that condition, this phrase generally refers to complete bets over multiple games, especially during a long series of pre-scheduled actions. Head - This term describes the head of a horse, for instance, "beaten by head". Hedge - A tactic used by bettors to either cut down the risk of or to guarantee a payout from a bet.

Hedging - This bet is made cautiously by a Bookmaker on a horse on which he has received large bets. This is done to cut the losses if the horse wins. Also called 'lay-off bet'. Heinz - It is a bet that comprises 57 bets across 6 selections. The bets can be 15 doubles, 20 trebles, 15 four-fold accumulators, 6 fivefold accumulators, and 1 six-fold accumulator. To get a return, your two selections must be successful Held Up - The way to restrain a horse behind the other animals in the early phase of a race.

Holding Your Own - When someone is neither winning nor losing, but slightly breaking even on their bets. Home Advantage - When any participant or team competing at their home stadium or in their home town. Home Field - This can be the court, rink, or field where one side plays its games often. Home field advantage - Generally, symbolize HFA, a significant point to think about when wagering on team sports.

Home field advantage generally converts to 3 points in the NFL. For instance, if Australia is a -5 point favorite against England at a neutral venue, they would be -8 point chalk if the match was played at their home stadium.

Hook - The phrase for the final half-point of a non-whole number spread. House - Refers to the gaming institution, casino, or the bookie. For instance, the house always wins Hunter Chase - This term is used to describe a race for hunting horses. If bet - A type of bet, which is generally available at every sportsbook. This kind of bet allows bettors to connect 2 straight bets.

If the primary selection wins, then the 2nd one becomes a live bet or 'action'. In Play - Though an event already started, still bettors can place a bet, also called live betting. In the frame - Another phrase for a horse, which ended in either first, second, third, or fourth position in the race. In-play betting - Placing bets after a match got started. In-running - Also called in-play betting or live-betting, generally refers to placing the bet while the match is taking place, for instance, on a horserace, bettors place a bet while the race is being run.

Index Betting - Another phrase for spread betting that comprises betting on whether the end result will be above or below the spread. The pay-out will be based on the precision of the bet, rather than on which team wins or loses. Injury Time - An extra time is added at the end of a period within a game for covering the time lost due to injuries, substitutions, and other obstructions.

Joint Favorite - Refers to the two favorites for a competition. This is typically used in England. Jolly - The slang phrase used for describing the favorites of race. Juice - Another term for vig generally refers to the amount of money or commission, charged by a sportsbook for taking a bet. The sportsbook simply gathers the juice if the gambler loses the bet. K Kelly Criterion - A numerical formula, which helps investors and bettors to calculate what percentage of their money must be allocated to each investment or stake.

Lay - It means backing something, which is not going to happen. Lay betting - When bettors wage on an outcome not to happen. Lay betting permits bettors to play the role of the bookmaker that means instead of backing a selection to win, it enables bettors to bet on something to not happen.

Layer - When someone believes a team will win a match, they back the bet and become a backer. The bookmaker granting this bet is the layer. In case the team loses, then the layer keeps the bet, but in case the team wins, then the layer has to pay the agreed odds to the backer. Laying the points - This phrase describes betting on the favorite team to win by the already set point spread line Layoff - A kind of bet made by one bookmaker with another, usually bigger, a bookmaker with the intention of balancing action or reducing risk.

Length - Generally referring to the length of a horse for instance, "beaten by a length". Lengthen - When a bookmaker observes that there is slight activity on a particular result, they may opt to lengthen or raise the odds available. Limit - The maximum bet, accepted by a sports book. Line - Refers to the point spread or odds on a game. Linemaker - Someone who set up the betting lines for a sportsbook.

Live Betting - Also known as in-game betting or betting in running generally refers to the capability for bettors to make extra bets AFTER the game, which has already begun. Sometimes these bets are provided between quarters or periods, and sometimes, after every sole play or drive. Lock - A bet, which cannot lose; a term, which is often misrepresented and badly treated by notorious touts.

Long Odds - This term describes that a horse is likely to have a very less chance of winning the race, however, in case that horse wins the race, the bettor receives many multiples of their stake back as winnings. Long Shot - A selection having high odds, generally doubtful to win, also called an outsider. Lucky 15 - This bet includes fifteen bets across 4 different selections. The bets can be four single bets, six doubles, four trebles, and one four-fold accumulator.

Lucky 31 - This betting structure allows bettors to place 31 bets across 5 different selections as a single bet. It gives bettors five single bets, ten doubles, ten Trebles, five four-fold accumulators, and 1 five-fold accumulator. Lucky 31 bet comprises of single bets, so simply 1 win is needed to trigger a payout. Lucky 63 - This bet includes 6 different selections and, as the term suggests, comprises 63 different bets in total comprised of 6 singles, 15 doubles, 20 trebles, 15 four-folds, 6 five-folds, and 1 six-fold accumulator.

It is the oldest professional sports association in North America, founded in when the American and National League are combined. It is another game, which is more and more becoming popular to bet on. However, betting on MLS is quite trickier as compared to other sports, without the right knowledge of how soccer lines are set and scored you could lose your whole bankroll. In this betting there can be losers, winners, as well as draw results which lessens your chances of success to win the bet.

Maiden - The term is used to refer to a horse, which has never won a race. Mare - This term is used to refer to a female horse which reaches 5 years of age Margin - The implied price of placing a bet, set by the bookmaker. Bookmakers raise the supposed probability of an event - as signified in their odds - signifying it is more probable than underlying probability. Market Mover - A selection, which changes in price considerably either way, by rising in odds drifting or decreasing in odds steaming.

Martingale - A system of gambling based on doubling your wager each time until you succeed. Martingale System - A betting method where bettors double the amount of a bet after losses. In this system, the bettor doubles the bet after each loss, so that the initial win would recover all earlier losses and gain a profit equal to the new stake.

Match - A match of definite length with two or more competitors or teams. Match Betting - A betting strategy, used by a bettor to get profit from the free bets and incentives provided by bookmakers. It is usually considered risk-free since it depends on the application of a numerical equation rather than chance.

Match bet - In this betting, one of only two participants will win a match, competition, or race. This bet focuses on the performance of two competitors against each other within a game. For example, among so many horses, this of two will end first in the competition. Middle - Also called middling, generally, a games betting tactic that makes the most out of a variation in point spreads, odds, and totals.

In this betting tactic, a bettor places bets on both sides of the same wager at diverse lines, trying to win both, and making certain that at any rate one of them will win. Money Line - This is a kind of bet that everyone makes without even knowing it. This betting is perhaps the most simple way to bet on sports.

Bettors just select a player or team to win. If the selected team or player wins the match, the bettor gets the due amount. Multiple - Bets which involves more than 1 selection, doubles, trebles, etc. It is among one of the 2 football divisions in America.

It includes 30 teams, where each team plays 82 games 41 at home and 41 away from home through the normal season. Nailed On - Refers to a bet that has a higher certainty to win. Nap - This term is used to indicate the most convinced selection of the day by the tipster.

National Hunt Racing - Sometimes just termed as jump racing. Flat races, hurdles, and steeplechases during the national hunt jump season, whose distances usually remain above two miles and involve horses of four years or older.

Neves - This term is used to refer to the best bet of the day. No action - This term refers to a bet that has been made by a bettor but is no longer applicable. Under these conditions, your money will generally be returned. Non-Runner - Refers to a selection, which is named but doesn't play in an event Non-Runner No Bet - Refers to a promotion which depicts if the horse backed by the bettor doesn't run in the race then the stake of the bettor will be returned to his account.

Not Under Orders - Any runner considering withdrawal before the starter's signal is considered to have not come under orders. Novelty Bet - This bet is not placed on an outcome of any sports; a Novelty bet is placed on the winner of a political election or the gender of an infant about to be born to a royal family. Novice Race - A race wherein no participating horse has won a hurdle or chase in the past.

Number Spread - An index spread, based on how many goals, runs, or points scored in a particular game. Nursery Race - The race, organized for horses below two years of age. O Oaks - It refers to a classic flat horse race, which is usually held for three-year-old fillies. Objection - A foul claim, lodged by the jockey, patrol judge, or other representatives after the completion of a race. If the claim is made by an official, it will be referred to as an inquiry.

Odds - In sports betting, odds define the calculation of winning bets payout. Every time a bettor places a bet with a bookie, he will get odds at the time that impact how much he can win. Also, odds reflect the probability of any particular result occurrence. The more probable an outcome, the lower the odds will be. Odds Against - This term describes that a price is bigger than that of even money. If a bettor bets at odds against, they will get more money than they staked if their bet is winning.

Odds On - Refers to the amount, the bettor stands to win is less as compared to the amount staked. Odds compiler - Someone who works for the bookmaker or betting exchange to set the odds for events with the aim to help bettors to place bets. Odds format - Special international rules have been invented to represent odds. Odds on favourite - The player, team, or racing horse, most favored to win. Oddsmaker - Refers to the person who establishes the odds.

Also known as linemaker. Off - Refers to the point from the race starts. Off Track - This term either refers to a wet racing surface or refers to the method of placing bets away from a racecourse. Off the Bit - Usually, a piece of metal or rubber bar, fixed to the bridle that fits into the mouth of the horse for guiding and controlling them.

Off the Board - This phrase describes that the bookmakers refuse to take any bets on the game Off the Top - Refers to the commission taken by a bookie, usually used in pari-mutuel betting. Official Result - The final result of the match on which the bets are settled.

On the Bit - A horse, which performs without much support from the jockey. One Paced - A selection, which runs or competes at solitary pace and cannot make extra. Outright Bet - A bet placed on the overall winner of a sports tournament.

Outright betting - This bet is placed on the outcome of a sports competition rather than on a single match in that competition. These bets are usually placed before or after the start of the competition. Outsider - A team or sportsman, which has a very little chance of winning.

Over - To bet for a score 'over' an already defined amount. In cricket terminology, over refers to six balls bowled by a bowler. Over Round - It is one more phrase for the profit a bookie builds into an odds price. Overbroke - It refers to the situation when the participant is obliged to play at low odds. Overlay - Refers to odds of a particular bet which are much more than they should be, and be inclined to favor the player instead of the house. P Pace - The speed at which the horses run during a race.

Handicappers usually evaluate the pace as it directly impacts the final results of a race. Paddock - This is the area where horses are paraded and saddled prior to being taken onto the racecourse. Pari-mutuel - A type of betting and of managing the betting on horse races at the racecourse, wherein those holding winning tickets split the total sum bet in proportion to their stakes, take away a percentage for the management, taxes, etc.

Parlay - Known as accumulator or multi or combo bet, generally refers to a single bet, which combines together 2 or more individual bets and is dependent on all of those bets winning together. You will lose the entire parlay bet if any of the bets get lose.

Patent - A type of multiple method betting in which 7 bets are placed on 3 different selections. Patent betting is used for covering all possible outcomes and will provide a return even though only one bet comes in. Payout - How much a person who placed a bet will win or won on his bet.

Some sportsbook or bettors describe the payout as the amount return back to the customer who won the bet. Permutations - All possible results or bets are likely on a given result or event or series of results or events. Photo Finish - Method to determine victory if it is very close to see by eye Pick 'em - A game that has no favorite team or underdog.

Picks - This is the phrase used for individual selections. Pitch - It refers to the place of the bookmakers at the racetrack, where they received the bets on the race. In this location, anyone can place bets and receive their winnings. Also, this phrase is used in American football, where it refers to defensive line actions. Place - Positions besides the win paid out when a place or each-way betting.

Place Terms - The odds received by the bettor for the place part of their bet, whether for a placed bet or each-way bet, are called 'place terms'. It is used for determining the pay-out of the bet. Place bet - In this bet, bettors bet on a runner or player to finish the game in a particular position. This is normally used when wagering on horse racing.

Placepot - It is a kind of pari-mutuel bet. Player Props - These props are generally fixed to the performance of an individual in the game, and especially, on the score sheet. Bettors can stake on the total made by a player, number for points, etc. Points Spread - Sports betting market, referring that a team has to win by a particular number of points or goals, or lose the game by a particular number of points or goals.

Pool - Gambling method wherein all money wagered on the outcome of a particular event by many people is awarded to either one or multiple winners in accordance with conditions set in advance Post time - Refers to the time of day at which a race is to be run.

Postponed - When a match has been postponed that means it hasn't begun yet, in this condition, the following rules are applied: - When a match has been canceled and not played in twelve hours from the set date and time, the bet placed by the bettor will also be canceled and the stake will be refunded into their account. Power Ranking - Making a ranking score for all the team with the intention that it helps a bettor, handicapper, or bookmaker to make a point spread.

Knowledgeable handicappers utilize their point spreads to compare with a bookmaker to discover the best bets offered. Price - This term describes how much it will cost to place a particular bet. The price is connected with every bet type such as puck line, the point spread, money line, the total, run-line, etc. Prop - A bet made on something apart from the result of a game. For example, betting on passing yards, or points scored by any particular player in the game.

Public Betting Percentage - Refers to the percentage of bet placed by the common betting public. Public money - The bets influence by frivolous punters generally on the favorite and struck near to post time. Puck Line - A betting line, utilized only for ice hockey games wherein a point spread is applied to the preferred team and underdog with the odds amending to that point spread and the comparative power of the team.

Punter - Someone who bets money, particularly on horse races. Puppy - A greyhound below two years of age is called a puppy. Push - When the competition ends without having winners or losers for betting purposes and bets are refunded. Q Quarter bet - Betting on the result of one particular quarter of a game only is referred to as a Quarter bet. Quinella - In this bet, bettors have to select 2 horses to finish in first and second position.

If that picked horse becomes the first two finishers - in either order — the bettor will be considered as a winner! It is similar to Exacta Box but has a different betting pool, so you get a special payout on Quinella betting. Rag - Slang phrase for outsider or longshot. Re-run - Race re-taken due to some technical issues. Reduced Juice - Refers to the minor commission charged by a bookmaker on a bet. Related Bets - Most bookmakers' system disallows bets, which combines more than two where one section of the bet winning makes the other section of the bet more probable to be successful.

These circumstances are usually referred to as 'related bets'. Reload bonus - A bonus, which re-applies when account holders deposit new funds. Request a Bet - A comparatively new trait, which permits bettors to build their own bets. The bookmaker has to accept the wager and the odds for the wager to be placed.

Return - The amount expected by the bettors to get from a winning bet. Reverse Forecast - A forecast wager predicting a minimum of first and second position where either selection can end in either position to win. Reverse Line Movement - It takes place when big bulks of wager are on one team; however, the line moves in the reverse direction. Ringer - Refers to any runner or contender, which is seen as considerably better than the other players on the field.

This player is usually brought in as a substitute. Rotation number - Las Vegas uses this numbering system to order bets. Bookmakers often used rotation number to allocate unique IDs to markets. Round Robin - A bet, which involves making multiple parlay wagers at the same time.

You only need 3 selections to make the bet and from those, 3 singles and 3 ATC doubles will be played. Its functionality is similar to a Rounder bet, except that Roundabout uses double the original bet on the ATC options. Rounder - This bet is made up of three singles and three ATC any to come doubles. If your solo bet wins, the same bet is then used on a double for the additional 2 selections. Rule 4 - The normal betting rule, which relates to the decrease of winnings when a horse backed by the bettor wins or is placed.

They are prepared when a horse is withdrawn from a race as it becomes easy for the other runners to win. The run line is nearly always Runner - In the betting world, runner refers to a horse, which is taking part in a horse race.

Also, a runner can be a person who places a bet for another person. In the United States, this can be a phrase, which means to win a race. Scout - Someone who will wait patiently for a highly strong wager according to their view and then bet big. Scratch - This is the US phrase for the withdrawal of a contestant. Second half bet - A bet on the result of one particular quarter of a match only.

Selections - The competitor, expected to win in your bet. Sell - When a stake is received as being very high. Selling Race - A horse race wherein the winning horse has to be placed for auction. Settler - An expert bookmaker who determines payouts.

Sharp - Someone who knows the game well and has good gambling experience. Sharp Money - Refers to the side of a game, which the professionals are betting on. Sharp bookmaker - A bookmaker, which is used by professional bettors. Shortening the Odds - The decision of a sportsbook to lower the odds price for a game because of heavy wagers or other factors.

Shut Out - When better become very late to place a bet, as the book is closed Singles - A type of bet, which cover simply 1 selection from 1 market. Betting on single means placing a bet on a single event only. Sire - Refers to the father of a horse, or the stallion. The genetic structure of a racehorse can be highly crucial in the betting world as knowing whether the horse is sire or mare can help you predict how a specific racehorse will perform.

Smart Money - Refers to the money, generally bet by the sharps. Special - Refers to a type of betting market, which is generally different from normal lines such as money lines and parlays. Special Bets - Refers to a bet, which is a bit different from the ordinary.

While all bookmarkers are unique in their own way, they each include the 3 main kinds of 'basic' bet. Split-ball handicap - Two handicapped wagers on a single bet that have different values are called a split-ball handicap. Sportsbook - Another term used for a Bookmaker. Spread - The expected scoring differential between the two teams is estimated by a sportsbook. Spread Betting - A bet, played on the expected movement of a market, instead of the result of an event.

Like the handicap betting system, if you are backing a team to cover the spread, so your selection will lose by no more than five points or win by more than six points. Square - This term refers to a novice bettor, someone who places a bet carelessly.

St Leger - A Group 1 race, run over 1 mile and 6 furlongs. This race is open for colts and fillies, usually occurs at Doncaster in September. Stake - Refers to the money risked on gambling in order to get a high return. Stake Unit - When you place a bet with multiple lines, for instance, Lucky 15, the Stake Unit is the amount of money staked on each line.

Staking method - Method to calculate the right amount of money to place on a bet for constant profit-making as part of a gambling strategy. American Odds — Referred to as US odds, this is an odds style displaying the amount that would be won if betting , if positive odds, or the stake required to win when negative, e. Apprentice — A young contestant, generally a young Jockey.

Not allowed by UK bookmakers. ATC — Short for any-to-come, a conditional bet. At The Post — Term used when horses or dogs are ready at the start of the race, the race will begin imminently. B Back — Wager an amount of money on a contestant or an event, e. Common derivatives include back a winner, back a loser, back a duff horse, etc. Banker — A bet or selection that is felt to be extremely likely to win. Often used to boost the value of multiple bets or combination bets. Best Price — The odds that give you the best value on for a horse, contestant, team or event.

Derivatives include best price guaranteed, best price promise, best price matched, etc. Bet Receipt — A copy of your bet slip with a unique tracking number, this can be used if a bet is contested. Bet Slip — The form or slip where you write your bets or if online the box in which your bet selections appear. Here you select your bet type and stake.

Blinkers — Headgear fitted to horses to reduce the peripheral vision field, usually to prevent the animal being distracted. Board Price — A term for the prices listed on the bookmakers board, usually at a horse race or dog race track. The starting price comes from these board prices. Book — Can have two meanings 1 — The total amount of money from all punters wagered on a specific event, selection or contestant.

Bookmaker — An company or individual licenced to receive bets from members of the public. Bookmakers must have a licence to operate in the UK. Bookie — Short term used for bookmaker Bumpers — Also known as national hunt flat races a run under national hunt rules. Buy Price — The price at which you buy your bet from an index bookmaker in spread betting. Opposite to sell price. C means the horse has won at that course and D means the horse has won at that distance.

CD means the horse has won at that course over that distance. Chase — Chase or Chasing is where you place bets to recover losses, usually on markets you would not usually bet on. Classics — One of the 5 classic UK flat horse races. Co-favourite — A situation where one or more selection s or competitor s have the same odds. Colours — The colour of the silks worn by a Jockey, determined by the owner of the horse. Colt — A male horse under the age of 5, over 5 a horse is termed a stallion.

Course Specialist — A horse, contestant or selection that is known to perform well at a particular track. Cover — Referred to as covering the spread, this is the number if points needed to beat the spread. Decimal Odds — Odds displayed in decimal format, odds include your stake. Returns are calculated by multiplying your stake by the decimal.

For example decimal odds of 4. In F1 this may be length of a lap, etc. Dividend — A winning return from pool betting, payouts in the tote are referred to as dividends. Double Up — This is the processes of doubling a stake on a subsequent bet when a first bet loses. Draw — Three definitions, 1 — A tie in an event, e. Everton Newcastle. FA Cup third round draw. Drift — The process of odds moving outwards increasing before the start of an event.

E Early Price — Odds offered in advance, in horse racing this will be prices offered before those at the race course. You will receive the same amount as your stake in winnings. Exchange Betting — A form of peer-peer betting. The bookmaker matches the amount of bets for a selection backing and the amount bet against a selection laying at defined offs. The bookie takes a commission but odds for the customer can be much better.

Extra Time — A period added on to the end of a game, match or event when the event is tied and an absolute winner is required. In knockout football a period of 30 minutes is added on to the end of a game if the game is tied after the normal 90 minutes. F Favourites — A favourite is the simply the most favoured selection and considered the most likely to win, consequently these have the lowest odds.

Fillie — Name given to a female horse under the age of 5. Over the age of 5 females are referred to as mares. This does not necessarily have to be the official winner if that selection is disqualified or a penalty applied post race. Fixed Odds — Odds that have a fixed price defined by the bookmaker. In horse racing you can chose to fix your price or take the starting price for example. Flat Races — Horse races on flat terrain.

Foal — A young horse that can be up to 1 year old. In the UK all horses are given a birthday as the 1st January, a horse is a foal in the year it is born up to the following new year. Form — A process where previous records and performances are used to give an idea of a competitors chances. Fractional Odds — Odds written as a fraction, the most common betting format in the UK.

These odds show the profit you stand to win excluding your state, e. Full Cover — A bet type where all possible multiple bets are included. Full Cover with Singles — As a full cover bet with all individual singles, e. Full Time — The end of a standard length game or match, used commonly in football to define 90 minutes. Futures — Bets common in the US where prices are offered in advance of an event, similar to ante post. G Gelding — A male horse that has been castrated. Going — The condition of the ground from hard to really muddy, termed soft.

Going Down — Horses making their way to the starting post. Going In — Horses or dogs going into their stalls to start the race. Going to Post — See going down. Guineas — Term used to refer to the 2 classics flat races run at Newmarket, the Guineas and Guineas. Handicap Betting — System of virtually adding or removing points from a predicted outcome to make a one-sided event more attractive to a punter. For example a stronger team starting with a one goal disadvantage.

Handicap Races — A race in which horses carry weights, better horses carry more weight to even out the field. Head — Referring to the head of a horse, "beaten by a head". Held Up — The process of a horse or dog being restrained behind other animals in the early phases of a race. Hedging — Betting on two opposite outcomes of a bet, usually with different bookmakers, each offering favourable odds to either guarantee winnings or cut losses. Heinz — A full cover bet on 6 selections consisting of 57 bets 15x double, 20xtreble, 15x 4-fold, 6x 5-fold and 1x 6-fold.

Holding Your Own — Neither winning or losing, generally breaking even. House — The bookie, casino, gaming institution e. A service that deals with disputes that cannot be resolved between punter and bookie. Injury Time — An additional amount of time at the end of a period within a game added on in lieu of time lost for injuries, substitutions and other stoppages.

In Play — An event that has already started, also termed in running, this may refer to a form of live betting. Index Betting — See Spread Betting. J Jackpot — The top prize for a game or competition, usually enhanced. Joint Favourite — If two or more selections have the lowest odds price.

Jolly — The favourite, usually referring to a horse race Juice — Commission taken by a bookmaker or index. K Kite — Slang term for a cheque. L Lay — Betting against a certain outcome, usually peer-peer exchange betting. Also known as laying a bet or laying odds. Layer — Person or bookmaker providing the bet, the odds layer. Length — Usually referring to the length of a horse or dog, e.

Line — A single bet Long Odds — High odds value, e. Long Shot — A selection with high odds that is unlikely to win, also known as an outsider. Invented by Fred Done. M Maiden — In Cricket an over bowled without runs score or in horse racing a horse that is yet to win Mare — Five year old or more female horses. Martingale — A system of betting based on doubling your bet each time until you win. Match — A game of defined length with 2 or more contestants or teams. Morning Line — An advance forecast of probable odds.

Multiple — Bets involving more than one selection, doubles, trebles, etc. N Nailed On — Bet that is considered a certainty to win. Nap — A term used by tipsters and journalists to indicate their strongest selection, thought to stand for Napoleon. Neves — Best bet of the day. National Hunt Racing — Sometimes just called jump racing. Steeplechases, hurdles and flat races during the national hunt jump season. Distances over 2 miles and horses of 4 years or older.

Non-Runner — Selection that is withdrawn prior to a race or event. Normal Time — The conventional length of an event, e. Not Under Orders — Any runner deemed that withdraws prior to the starters signal is deemed to have not come under orders. Novice Race — In horse racing this refers to a race in which no horse has won a hurdle or chase previously. Nursery Race — All horses under two years old. O Oaks — Classic flat horse race, one of five held for 3 year old fillies. Odds — Returns offered by a bookmaker relative to stake for a given scenario.

Also known as price. Odds Against — Odds higher than evens 2. Odds Compiler — Also known as odds setter or odds trader, employee of a bookmaker who's job is to set the odds. Odds On — Odds lower than evens 2. Off — The point at which a race begins.

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Closing line: The final betting odds posted prior to the start of a competition. Co-favorite: Two or more sides with identical odds to win. Common with futures odds, bookmakers may post co-favorites to win the NBA Finals championship. Combine: A series of fitness tests that help scouts from professional teams evaluate amateur athletes.

Commission: Another term for vigorish and juice, commission is the bookmakers take on any bet. It is also the amount a betting exchange takes from winning wagers. Correct score: Bettors are offered a list of possible final scores on a match. In soccer, players can bet on a match ending as low as or as high as plus all scores in between. The most likely result is the favorite and the least likely result is the underdog.

New England winning over Miami means the Patriots would cover a point spread. Dog: Short for underdog, a dog is perceived as the least likely side to win and is tagged with plus pricing. Bettors often double their bet when they feel one side is vastly superior to another. Double result: A single betting option that combines the score of a game at halftime and the score at the end of the same game.

Double-header: Two games that are played back-to-back on the same day. Most common in baseball, a double-header will often take place if a game from the previous day was rained out. Draw: Any contest where the final score ends in a tie. In most instances, a draw is graded as a PUSH and original bet amounts are returned.

Drift: Betting odds that grow longer after the opening line is posted. E Each-way: Common in horse racing, each-way betting takes a single amount and splits it on a horse to finish first or second. Both bets pay if the horse finishes first while just one bet pays if the horse finishes second. The return on a first place win is always higher than the return on a second place win. Edge: Gaining an advantage through extensive research or having insights that are not publicly known.

Even money: Odds that return the exact amount of the original bet. Exotic Bet: Betting options beyond point spreads, moneylines and game totals. Proposition bets, specials and parlays are the most common types of exotic bets. Exposure: Amount of money a bettor or bookmaker stands to lose on any given wager. F Favorite: Any side priced with a negative number. Two Final Four games are played prior to the National Championship game. First half bet: A wager that focused on the result of the first half in sports like basketball, soccer and football.

The most popular first half betting odds are spread, moneyline and game total options. A variety of team and player props are also offered as first half bets. Fixed odds : When a wager is placed, and a bookmaker accepts it, the line becomes fixed odds. Also a term for moneyline odds. French Open: Second of four women's and men's Grand Slam tennis tournaments that are played over two weeks in late May and early June.

Futures bet : A wager placed on an event that will take place in the near or distant future. Futures are also offered in soccer, major horse races, plus golf and tennis tournaments. If a baseball game total is set at 7. Graded Bet: A wager that bookmakers officially mark as a winner, a loser, or a push, once a competition has ended.

Winnings, or push refunds, are paid out after a bet has been graded. If there are seven games on the NFL schedule, the line may be set at H Half ball handicap: Soccer betting odds where 0. Half time bet : Wagers placed on the outcome of just the second half of a competition. Half time bets can be placed during intermission or as live wagers once the second half begins. Handicap: Betting odds set by a bookmaker that are designed to level the playing field.

New Orleans may have a If the Saints win by eight or more points - they cover the handicap and produce winning wagers. Handicapper: A bettor who researches matchups and then places a bet. Also applies to tipsters who publish predictions on various sporting events. Handle: Total amount of money a bookmaker accepts on a single game or event.

Hedge : Most common with parlay betting and as a risk management tool. Hedging a bet consists of betting on the opposite side of an original wager to set up a guaranteed return. A hedge bet may also be placed to reduce the initial risk on a potential losing wager. Home field advantage: The perceived benefit a team gains when playing in familiar settings at their home stadium.

Hook : A half point added to point spreads and game total odds. A hook guarantees a wager will not be graded as a push. One side will win and one side will lose. I If bet: A member of the parlay family, an If Bet consists of two or more wagers.

In play betting: Wagers placed after an event after it has started. Also known as LIVE betting, bookmakers post multiple in-play betting options throughout most major sporting events. J Joint favorite: Two or more sides posted with the same betting odds on the same event. Juice : Also known as vigorish, juice is set by bookmakers and is attached to spread and total betting options. Reduced Juice In Sports Betting Be sure to shop around at different online betting sites, as some sportsbooks online offer juice on point spreads as opposed to juice of , which is a big advantage for you, believe it or not.

At Odds Shark, we would recommend a sports betting website that offers or instead of sports gambling sites that adjust the juice to or for NFL spreads because the profit plummets. The return drops on bets with juice or juice, and all of those lost returns add up in the long run. BetUS is one of the best reduced juice betting sites online, with a warm welcome bonus and plenty of prop bet markets. Place Your Bet Now.

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Jan 06,  · Off the board: OTB stands for off the board, and it is a wager posted on a board, but that does not include odds. Bookmakers may adjust their odds if a star player is injured. . Evergreen Park: Evergreen Park OTB (Hawthorne Race Course) W. 95th St. Evergreen Park, IL The system of betting on races (an automated system that dispenses and records betting tickets, calculates and displays odds and payoffs and provides the mechanism for cashing .