Laying the points -
Betting the favourite by giving up points.
Laying the price -
In sports wagering, laying the price means betting
the favourite by laying money odds.
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.
Listed Pitchers - In
sports gambling a listed pitcher is a baseball
bet which will be placed only if both of the
pitchers scheduled to start a game actually
start. If they don't, the bet is cancelled.
Longshot - In sports
wagering this is a team or horse perceived to
be unlikely to win.
Middle - To win both
sides of the same contest in sports betting
event. Wagering on the underdog at one point
spread and the favourite 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 favour on a point spread game.
Nickel - $500.00, in
on a sports gambling wager
Nickel line - A sports
wagering line where the juice is 5%.
No action - A wager
in sports betting in which no money is lost
nor won.
Off the board - In
sports betting this is a game on which the bookmaker
will not accept action.
One dollar - $100.00
in sports betting action.
Outlaw Line - Term
for the earliest line in sports betting. This
is an overnight line which only a handful of
players are allowed to bet into.
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 favoured. 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.
Press - In sports betting
this means to wager a larger amount than usual.
Price - Sports betting
term for the odds or point spread.
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.
Puckline - A puckline
for sports wagering is giving odds of a goal
spread instead of using a Canadian Line in hockey,
where both a goal spread and money line are
played.
Puppy - The underdog
Push - When the contest
ends with no winner or loser for wagering purposes.
