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GAMBLER'S
DICTIONARY : "Common terms"
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ACTION
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Any bet or wager.
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BOOK
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A sports book or betting establishment that
sets odds and accepts wagers on the outcome of
sporting events.
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CHALK
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The favorite.
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CIRCLED
GAME
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A game in which the sports book reduces its
normal betting limit usually because of an injury or
weather condition.
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COVER
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When the team wins by more than the point
spread.
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DIME
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$1000
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DIME
LINE
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A money line (no point spread involved) in
which the vigorish or bookie's juice amounts to 10
percent.
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DOG
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The underdog, or the team getting points.
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DOLLAR
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$100
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FUTURE
BET
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Bets accepted well in advance. Examples include
betting on which team will win the World Series or
Super Bowl months before the event.
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HEDGING
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Betting the opposite team or side of your original
bet in order to try to win or to reduce the size of
the original wager.
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HOOK
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Half point.
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LINE
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The current odds or point spread on an event.
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LOCK
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A term meaning can't lose.
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MIDDLE
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When both sides of a point spread proposition win.
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MONEY
LINE
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Odds expressed in terms of money. For example: 49ers
minus $140; Redskins plus $130. 49ers bettor would
lay $140 to win $100, while Redskins bettors would
get $130 for every $100 they bet if the Redskins
won.
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NICKEL
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$500.00
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ODDS-ON-FAVORITE
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A horse, team or individual so favored by the
public that the odds are less than even.
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OFF-THE-BOARD
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A game in which the sports book is not taking wagers
on.
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OVERLAY
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An advantageous situation for the bettor in which
the price on a given wager is greater than the real
probability of its success.
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OVER-AND-UNDER
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A bet in which you wager if the total score by both
teams will be more or less than the total posted by
the sports book
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PARI-MUTUEL
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Betting pools in which the odds are determined by
the proportionate amounts bet on the individual
entries.
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PARLAY
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A combination wager in which the person has to wager
on at least two or more bets and collects higher odds
if successful.
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PICK'EM
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The game or contest is rated even with no favorite.
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POINT
SPREAD
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The predicted scoring differential between two
opponents listed by a sports book.
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POST
TIME
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The scheduled starting time.
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PROPOSITION - (prop)
BET -
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A wager offered by the sports book on a particular
aspect of the game such as how many touchdown passes
Peyton Manning will throw.
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PUSH
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A tie in the betting.
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ROUND-ROBIN -
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A method of parlaying two or more teams in all
possible two-team parlay combinations.
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SIDE
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When one side of a betting proposition wins and the
other side ties.
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STRAIGHT-UP WIN
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A victory by a point spread underdog
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VIGORISH
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The juice or commission taken out by the sports book
for accepting the bet, usually 10 percent.
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WAGER
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Any bet.
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WISE GUY
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A sophisticated bettor.
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