.:: betED.com - Sportsbook Help ::.

Basic Types of Bets:

Straight Bet

(also called a Single Bet) is the most simple and common sports bet. With this bet, you simply pick which team will win or lose the game. This type of bet can either be a point spread or a money line.

Point Spread

Established by the odds maker is only applied to Football, Basketball and Hockey. The spread is the number of points by which the favored team is expected to win, and it is represented with a minus ( - ) sign for the favorite and a plus (+) sign for the underdog. For example, Denver -9 is favored to beat Dallas +9 by 9 points. This means that Denver has to win by more than the points spread for you to win, example: Denver would have to win by at least 10 points in order for you to win the bet. If Denver wins by fewer than 9 points or loses the game, you lose the bet. If Denver wins by exactly 9 points, it is a tie or a push, and your money is refunded. If the teams are evenly matched, the sports book will reflect the zero spread by displaying a PK (pick).

Money Line

The money line establishes the odds by which one team will beat another team. There are two totals given for either side on a money line: a negative - (the favorite) and a positive + (the underdog), example: Houston is the favorite and quoted at -180 and Atlanta is the underdog at +170. The bets offered would be 10:18 odds-on for the favorite, and 17:10 for the underdog. For every $180 you bet on Houston, you would win $100 or lose $180. For every $100 you bet on Atlanta, you would win $170 or lose $100

Total Bets

(also called over/under bets). Bet on what the combined point total for both teams will be by the end of the game, including overtime. You can bet on whether the actual number of total points is over or under the posted total. With this type of bet, the payoff is $10 on every $11 bet. If there is a tie, your original bet is refunded.

True Parlay Odds

Groups of straight bets or totals combined into one bet. To win a parlay, all of your picks must win. If a game is a tie, postponed, incomplete, cancelled or rescheduled, the parlay is reduced to the next lowest level, example: a three-team parlay with a tie becomes a two-team parlay. Some bettors like parlays because the high odds mean large payoffs. The drawback however is that all picks must win.

# of Teams	betED.com Parlay Odds
2	2.644/1
3	5.957/1
4	12.283/1
5	24.353/1
6	47.398/1
7	91.394/1
8	175.379/1
9	335.708/1
10	641.775/1

Note: Maximum Parlay Payout is $150,000.00

Maximum Moneyline Favorite allowed in a Parlay is -300 / Maximum Moneyline Underdog allowed in a Parlay is +300

Teasers

Groups of straight bets or totals combined into one bet. The difference is that with a teaser, you can add or subtract points from the spread to make your bets stronger. Additional points are either added to the underdog or subtracted from the favorite. As with a parlay, all of your individual picks must win in order for you to win the bet.

Teaser Odds

Football Teaser Payoffs
( * Up to 8 teams. 2 teamers push/win = no action, push/loss = loss. 3-8 teamers push/wins revert to next lowest payout.)

# of Teams	6 Pts	6.5 Pts	7 Pts
2	10/11	10/12	10/13
3	9/5	8/5	3/2
4	3/1	5/2	2/1
5	9/2	4/1	7/2
6	6/1	11/2	5/1
7	9/1	8/1	7/1
8	14/1	12/1	10/1

Basketball Teaser Payoffs
( * Up to 8 teams. 2 teamers push/win = no action, push/loss = loss. 3-8 teamers push/wins revert to next lowest payout.)

# of Teams	4 Pts	4.5 Pts	5 Pts
2	10/11	10/12	10/13
3	9/5	8/5	3/2
4	3/1	5/2	2/1
5	9/2	4/1	7/2
6	6/1	11/2	5/1
7	9/1	8/1	7/1
8	14/1	12/1	10/1

Special Teaser Payoffs
(Only 3 teams permitted)

Sport	# of teams	Pts	Odds
FB	3 Teams	10 pts	5/6
BK	3 Teams	7 pts	5/6

Any picks that "Push" along with no Losses are graded as a "Push" and your risk is refunded. *Special Teasers never reduce.

Pleasers

A bet where multiple choices are made but the point-spread is re-adjusted against the bettor. To compensate for the less favorable lines, higher odds are offered. A pleaser is the opposite of a teaser.

A push in a Pleaser will be graded as a push. Pleasers never reduce.

Pleaser Odds

4BK / 6FB Point Pleaser

# of teams	Odds
2 Teams	6/1
3 Teams	17/1
4 Teams	45/1
5 Teams	120/1
6 Teams	300/1

U-Match Fantasy

betED.com is proud to present U-Match Fantasy Point Spread Betting! Simply pick two teams of your choice and our system will calculate the fantasy spread as if those two teams were playing head to head!

With U-Match, you simply select your team, then choose any other team in the league playing that same week, and we'll give you a spread as if those two teams were playing head to head! Once the teams have both played, we'll compare their individual scores to see if you've won.

You win if your team's score, plus or minus the Fantasy Point Spread, is higher than the score of the opponent you chose.

Click here for more information on U-Match Fantasy Point Spread Betting.

Buying Points

A bettor pays an additional price to receive half a point or more in his favor on a point spread game, to give away fewer points with the favorite or get more points with the underdog.

If/Win Bets

Allows the bettor to make a second bet, up to an equal amount, pending a win on the first selection. Your first bet must win in order for you to have action on the remaining bets. If the first bet loses, there is no action thereafter. You can not have duplicate teams in the same If/Win bet

Future Bets

At the start of a season, the sports book will give the odds for each team winning a specific championship. The odds change as the event approaches, but if you win, you are paid the odds that were in effect at the time you placed your bet. Future bets have the potential to be extremely profitable if you have considerable knowledge of the sport on which you are betting.

Propositions

A bet on a particular aspect of the game, such as who will score first. At BetED.com we offer proposition bets on selected college and pro games. These can include individual player propositions and team propositions. Players and teams must start the contest for the props to be considered action and where applicable the game must go the official length for the prop to be action.

General Sports & Betting Rules

• Vegas rules: Regulations, payoffs and bet types apply where not covered here-in.

• All sporting events must be played on date and site scheduled unless otherwise specified. Sporting events postponed by more than 12 hours and or rescheduled will constitute "no action," and all money will be credited accordingly.

• All bets must be made and accepted before the start of the game/event. Any bet placed or received after the start of the game or event will be voided.

• In the event that money is credited to a customer's account, it is incumbent upon the customer to notify BetED.com of the aforesaid error without delay. Any winnings realized after the error, whether directly or indirectly subsequent to the error but prior to notification of BetED.com shall be voided.

betED.com does not recognize suspended games, protests and overturned decisions for betting purposes

Bet on Football

Leagues Offered: NFL (Pro), NCAA (College), CFL (Canadian), AFL (Arena)

A. Bet on football games by using: Point Spreads, Money Lines, Game Totals, and Team Totals.

B. Bet on various Quarters and Halves. Quarters include: 1st Qtr, 2nd Qtr, 3rd Qtr, and 4th Qtr. (All quarters must be bet on before the game starts). Halves include: 1st Half and 2nd Half.

C. Bet on Future outcomes, example: Odds to Win the Super Bowl, Odds to Win Divisions, Odds to Win Conferences and Total Regular Season Wins. Also, individual League Titles (player with the most rushing yards).

D. Proposition Betting. Example: First team to score, Last team to score, Team with the most passing yards, Team with the most rushing yards, Player match-ups and More will be offered for All Monday Night Games, All Thursday Night Games, The Sunday Night Game, Playoffs and The Super Bowl.

Football Betting rules:

1. For betting purposes, NFL, CFL, NCAA game becomes official after Fifty-Five Minutes (55 min) of play.

2. Games lasting under 55 minutes constitute "No Action" or "Push/Cancel" and all money is refunded. * Parlays drop to the next lower level.

3. Betting on point spreads, money lines, and totals for the game includes overtime scoring.

4. Half-Time (2nd Half) betting includes overtime scoring. * 4th Quarter betting does NOT include overtime.Las Vegas Rules apply for any rules not mentioned here.

*AFL (Arena Football League) betting rules:

1. For betting purposes, an arena football game becomes official after Fifty-Five Minutes (55 min) of play.

2. Games lasting under official time constitute "No Action" or "Push/Cancel" and all money is refunded.

3. Games must take place on the site and date scheduled. (Unless otherwise specified)

4. Overtime scores are included on all game period bets

5. Las Vegas Rules apply for any rules not mentioned here.

Bet on Baseball

Leagues Offered: AL (American League), NL (National League), NCAA (College)

A. Bet on baseball games by using Run Lines, Money Lines, and Game Totals.

B. Betting on Future Outcomes, example: Odds to win the World Series, Odds to win the Pennants, Odds to win the Divisions and Total Regular Season Wins. Also, individual League Titles (player with the most home runs)

C. When betting on baseball money lines, the following Pitcher Options apply: Action - there is action regardless of the starting pitcher.

*An action bet will not lead to an adjusted price if the listed pitcher does not start the game even though the original price was based on the starting pitcher.

D. When betting on run lines, totals, both listed pitchers must start, otherwise there is "No Action" or "Push/Cancel" on straight bets, and all money is refunded. * Parlays drop to the next lower level.

Baseball betting rules:

1. A baseball game becomes official for Money Line betting purposes after 4 1/2 innings if home team is winning, or 5 innings if visiting team is winning.

2. For Run Lines and Totals, a baseball game becomes official after 8 1/2 innings if home team is winning, or 9 innings if visiting team is winning.

3. Events do not carry over to the following day (unless otherwise specified).

4. If a game goes through 9 innings and is Not completed, example: (suspended, rain delay, etc.), there Is action on all Total and Run Line bets.

Las Vegas Rules apply for any rules not mentioned here

Bet on Basketball

Basketball betting at BetED.com offers straight bets including totals, money lines, 1st & 2nd half bets, parlays, teasers, buying points and various propositions & future betting on NBA, WNBA and NCAA basketball.

Basketball betting rules:

1. A game must go at least 43 minutes in the NBA and 35 for WNBA and NCAA for game bets to be official.

2. The 1st Half must be completed and the 2nd half must have no more than 5 minutes left for applicable bets to be considered action.

3. Overtime is included in all game and 2nd half totals, sides or propositions

4. Las Vegas rules apply to any situation not defined here

Bet on Hockey

Leagues Offered: NHL (Pro), NCAA (College)

A. Bets on hockey games by using: Point Spreads, Game Totals

B. Betting on various periods. Periods include 1st Period, 2nd Period, and 3rd Period. (All periods must be bet on before the game starts)

C. Betting on Future Outcomes, example: Odds to Win the Stanley Cup, Odds to Win Divisions, Odds to Win Conferences and Total Regular Season Wins. Also, individual League Titles (player with the most points).

D. Proposition Betting, example: First team to score, Last team to score, Player match-ups and more, will be offered for All Playoffs Games and The Stanley Cup Final Series.

Hockey Betting rules:

1. For betting purposes, NHL and NCAA becomes official after Fifty-Five Minutes (55 min) of play.

2. Games lasting under 55 min constitute "No Action" or "Push/Cancel" and all money is refunded. * Parlays drop to the next lower level.

3. Betting on point spread, or totals for the game includes overtime scoring.

4. Games that remain tied after a five-minute overtime period will be settled in a shootout in which three players from each side will take turns taking penalty shots. In the event of the game being decided by shootout, only one goal will be added to the winner`s final score for betting purposes.

* Las Vegas Rules apply for any rules not mentioned here.

Bet on Soccer

Unless otherwise specified, bets on the outcome of a match will be decided on Regulation Time only. Regulation Time includes two halves of play and any time the referee adds on to compensate for injuries and other stoppages. In other words: 90 minutes of play plus injury time. It does NOT include periods of extra time, nor penalty shootouts.

Most common odds used:

1. Goal Line (Point Spread): Here the bettor bets on their team to cover the spread.

2. Three Way Betting (Money Line involving a Tie): Here the bettor has three choices: Team A, Team B, or Tie. If you bet on a team in this scenario and the outcome of the match at the end of 90 minutes is a tie, the bet is a loss. If you bet on the tie, and one of the teams wins at the end of 90 minutes, the bet is a loss.

3. Total Goals: Betting on game totals (over/under) only includes goals scored in Regulation Time. Regulation Time must be fully completed in order for bets on Totals to be valid.

Soccer betting rules:

1. Postponed Games: If a game is postponed and rescheduled to occur within 48 hours of the original start time, all bets stand. If rescheduled for more than 48 hours later, all single bets are void and bets refunded while affected multiple bets will be recalculated excluding that game.

2. Abandoned Games: Should a match be abandoned before 90 minutes of play then all bets will be declared void and bets refunded. However, if an official result is deemed by the local governing body to have been reached, and the game points are rewarded, the result at the time of the abandonment will stand and bets will be settled on that result.

3. Las Vegas Rules apply for any rules not mentioned here.

DISCLAIMER: Game date and times posted are official times as relayed by each respective soccer league however are not guaranteed to be 100% accurate due to unforeseen delays in start times etc. Different sportsbooks apply different sets of rules with regard to soccer betting. Please make sure you understand the full set of betED.com rules before betting on soccer.

Bet on Boxing

We offer bets on all major boxing events, the preferred option for Boxing is by betting on Money Lines BetED.com also offers propositions including total number of rounds, win by knockout, win by decision, and even bet on the draw.

Boxing betting rules:

1. Rounds are considered full rounds at the sound of the closing bell.

2. Proposition bets involving a scheduled number of rounds are void if the number of rounds is changed prior to the fight.

3. If the fight ends in a draw and a draw was offered as a betting option, bets picking an individual fighter to win will be considered a loss.

4. Proposition bets knockouts include knockouts, technical knockouts and disqualifications.

5. If the fight is postponed all bets remain active for one week. If the fight does not take place within one week, the money will be refunded.

Bet on Golf

Bet on match-ups between golfers:

The winner of the match-ups will be decided by which golfer ends up with the lowest score having played equal rounds. Both golfers must tee off in the tournament or the bet will be "No Action" or "Push/Cancel" and all money will be refunded. If one of the golfers misses the cut, withdraws, or is disqualified during the tournament, the opposing golfer wins the match-up. Often match-ups are updated after each round. These new odds will be for the entire remainder of the tournament including the possible event of a playoff.

Golf Odds:

(Match-ups and Win) will be updated daily for each tournament whenever possible. All prices will reflect the entire tournament and not the daily events.

Golf betting rules:

1. Should a tournament be shortened, or otherwise affected, due to weather conditions the official result will be used when settling, regardless of the number or rounds played. However, should there be no further play after the bet is made, that bet will be void.

2. Las Vegas Rules apply for any rules not mentioned here

Bet on Tennis

In tennis you can bet on an individual to win the tournament or player vs. player match-ups. Tennis is played with a money line and sometimes proposition or future bets are offered.

Fixed Odds: Like other similar types of contests, you may bet on a player to win a tournament at fixed odds. Tournament bets are considered "All-In" Refunds are not given if a player withdraws.

Match-ups: Head to head match-ups are available between contestants. A ball must be served for head to head match-up bets to stand. Otherwise, bets will be "No Action" or "Push/Cancel" and all money will be refunded.* Bets placed on match-ups WILL have action even if the match is postponed (due to weather) and completed on a later date.

Tennis betting rules:

1. For Tennis match betting, in the event of a match starting but not being completed, the player progressing to the next round will be deemed the winner.

2. In the event of any of the following circumstances taking place all bets will stand: a change of playing surface, a change of venue or a change from indoor court to outdoor court or vice versa.

3. Las Vegas Rules apply for any rules not mentioned here.

Bet on Auto Racing and NASCAR

NASCAR To Win Odds:

You may bet on a driver to win the race at fixed odds. Betting on the "Field" includes any driver that odds have not been assigned to.

NASCAR Match-Ups:

When betting on a match-up, both drivers involved must start the race (cross the start/finish line) otherwise the bet is "No Action" or "Push/Cancel" and money is refunded. In a case where the starting driver is replaced during the race with another driver from the same team, the position the new driver finishes in will be awarded to the original driver. This holds for betting on win odds and/or match-ups.

Formula One / 500cc Motorcycles & NASCAR betting rules:

1. The start of the race is defined to be when the first car/bike crosses the start/finish line when the start of the race is officially signified.

2. All bets are on the driver/rider competing in the race.

3. Bets will be settled on the basis of the result as declared on the race day by the controlling authority (podium finish) irrespective of any subsequent undecided protest.

4. In match-up propositions, all drivers involved in the match-up must start (cross the start/finish line) or the bet is deemed "no action," and the bets refunded.

5. In match-up propositions, if one driver fails to complete the race, the other driver will be declared the winner of the match-up. Where both drivers fail to complete the race, the number of full laps completed will determine the result. If both drivers fail to complete the race on the same lap, the bet is deemed "No Action," all the bets refunded.Las Vegas Rules apply for any rules not mentioned here.

Bet on World Olympics

Note:

"All-In" Betting is a term that means once you place your bet it will stand regardless of whether your team or selection plays or not. This condition will generally apply to "win the competition" or "win the tournament" type events.

1. Betting is on an "All-In" basis. (No refunds for non-starters)

2. Payouts are based on the "podium positions."

3. If an event is postponed, and rescheduled to occur within 48 hours of the original start time, all bets will stand. If rescheduled for more than 48 hours later, all single bets will be void and bets refunded, while affected multiple bets will be recalculated excluding that leg.

4. All futures are regarded as "all-in" betting - no refunds are given in the case an individual or team withdraws from such event.

5. The official result as declared by the sports governing body is used to decide bets on sports not mentioned in this guide.

6. Las Vegas Rules apply for any rules not mentioned here.

Basic Betting Information

How a simple bet works:

The most common type of bet concerns the outcome of a single game or contest. Put simply, you guess the result and find another person who is prepared to take the opposite view.

Each party puts down some money - known as their stake. You agree to lose your stake if you guess incorrectly. But you will get your stake back AND win the other stake if you get it right!

What a bookmaker does:

To bet, you need to find someone to oppose you. A bookmaker (also known as a bookie) is someone who makes a business from taking bets. Whatever sporting event you are interested in, there will typically be one or more bookmakers taking bets on it (making a book).

In betting with a bookmaker you are said to place a bet and the bookmaker is said to take a bet - but the essence is exactly the same as betting with a friend. You put down money (by depositing it with the betED.com) and if you lose, we hold it. If you win, you get your stake back PLUS your winnings. The winnings can be seen as the stake put down by the bookmaker - but since the bookmaker holds both stakes, you never see his unless you win.

A person who places a bet with a bookmaker is often referred to as a “Player”.

What odds are:

When you bet with a friend, you both usually put down the same amount of money. With a bookmaker you don't always bet with equal stakes. For each possible outcome of an event, a bookmaker will offer a ratio of his stake to yours. These are “odds”.

The odds are set at the time you place your bet (with a few exceptions - see Starting Price and Spread Betting, below).

For example: Betting a team at 3 - 1, you will give the bookmaker one unit - say, $100. If the horse wins, you will get your $100 back and $300 in winnings.

When the amount of money you can win (in our example, $300) is greater than the amount you stake (your original $100), this is known as “Odds Against”.

When the amount of money you can win is less than your stake it is known as “Odds On”. Of course, you do still win, since you get your stake back.

For example: if you bet a team at 1-2 (usually described as 2-1 on), putting the same $100 down, and you win, you will get your original $100 back plus $50.

At 1-1 (Even Odds) you get your stake back and the exact amount again, ex: $100 bet at Even Odds will get you your $100 back and another $100 in winnings, making $200 all together.

*The above examples of winnings do not include tax.

What odds represent:

In theory, the odds represent the probability of the outcome, ex: how often it would occur, if the event were repeated again and again.

For example, if you keep rolling a pair of dice for long enough, two sixes will come up together 1 time in 36. Odds based on the statistical probability are known as the true odds. In this case, the true odds are 35-1, because you will lose 35 times for each time you win.

Because sporting events are never rerun under exactly the same conditions, the true odds are always a matter of opinion.

Not only that, when you bet with a bookmaker the odds don't just represent the likelihood of the result. They also reflect the bookmakers need to make profit and different amounts of money taken on the possible outcomes.

Odds offer the possibility of winning more money (by backing an unlikely outcome), or taking less risk (by backing a likely one).

How odds are expressed:

Odds can be described in a number of ways. Traditional odds (as above). Odds can also be expressed as a percentage or as a decimal number e.g. 5.0 or 1.62. In decimal format the number represents your total return (including your stake). We at betED.com use traditional odds because we think most people understand them better and because they are still the form most bookmakers display.

Why odds can differ:

For the player the important thing to understand is that odds are set independently by each individual bookmaker and therefore can vary dramatically.

It is a common belief that the odds offered by the bookmakers on a particular outcome reflect the true probability of that outcome occurring. This is a misapprehension.

For the bookmaker, the process of deciding how high or low to set the odds actually has two parts:

The Probability

Good bookmakers do indeed employ odds compilers with specialist sporting knowledge who calculate the likelihood of the various possible outcomes and then draw up the odds. This thinking is reflected in their early lines.

The Market

Once the bookmaker has started taking bets from customers (once the market has opened) the odds will be changed in response to where the money is going.

Some bookmakers are driven almost exclusively by the market. They will tend to post prices late, once they have seen the other bookies' odds. Others will post early but at very short prices on which they feel they can't lose, and then see how the market takes them.

Which factors affect the probability?

Whether it is you or the bookmaker, there are certain factors to consider and weigh up many different factors while attempting to determine the probability of a particular outcome.

In horseracing, for example, these might include:

Form - the past history of all the runners

Going - a description of how the weather has affected the track.

In other sports the factors might include:

Form - the past results of the teams and players involved

Line-up and management

Injuries/fitness of players

Which team has the home advantage

Weather

All the above are useful indicators as to the outcome of any sporting event. How much weight you attach to each of the particular factors is the subject of much argument.

A lot of this information is now available somewhere on the Internet. Considering these factors will help you to form an opinion as to the probability of particular outcomes - what the experts call the True Odds.

Bear in mind that while the bookmakers must set odds (and therefore form opinions on) a whole range of sporting events, you can concentrate on one event. If, in your opinion, the bookmakers are offering odds that you believe to be longer than the true odds, you have found what experts refer to as a Value Bet.

How the market changes the odds

Once the market has opened, and the bookmaker starts to take Bets, the bookmakers need to take into account market conditions - i.e. the money staked so far on the event. A bookmaker is a professional - he must make a profit. If a lot of people bet on a particular team, or horse, then the bookie stands to lose a lot of money if it wins. In this situation, bookmakers will make the odds on that team or horse worse (lower) to discourage people from backing it. They may also improve (raise) the odds on the other teams or horses to motivate punters to put money on those participants.

Consequently the odds they offer may very well cease to represent a considered view of the outcome of any particular event - they are just as likely to become a reflection of what other people are betting on. For example, football fans often back their team, regardless of their real chances, out of loyalty. As a result the odds may reflect the popularity of the team as much as, or more than, its likelihood of winning.

Glossary

Across the Board: Method of betting on a horse to win, place and show.

Action: Any bet.

All-in: No refunds given for scratched or withdrawn sides in an event where a bet is placed. * Should an event be cancelled, then the amount bet will be refunded.

Anti Post: A bet that is placed on a future event. Taking an Ante Post price means you will lose your money if your selection does not take part in the event.

Bad Beat: Tough loss

Bankroll: Gambling money.

Beard: A messenger bettor/player.

Bettor: The US term for person placing a bet.

Board: Where betting odds and other information is displayed.

Book: A sports book or betting establishment that sets odds and accepts bets on the outcome of sporting events.

Bookmaker: Someone who accepts a bet. Also known as bookie.

Box: A combination bet whereby all possible numeric combinations are covered.

Buck: $100; also known as Dollar.

Buy: A bettor pays an additional price to receive half a point or more in his favor on a point spread game, to give away fewer points with the favorite or get more points with the underdog.

Chalk: Favorite

Chalk Eater: Favorite bettor

Churn: The effect of betting and re-betting money

Circled Game: Game where the maximum bet is restricted, usually due to injuries, betting action is limited.

Cover: When the team wins by more than the point spread.

Daily Double: Type of bet calling for the winner of two consecutive races.

Dime: $1000

Dime Line: A money line (no point spread involved) in which the vigorish or bookie's juice amounts to 10 percent.

Dog: The underdog, or the team getting points.

Dog Player: Bettor who mostly plays the underdog.

Dollar: $100; also known as Buck.

Doubles: A twin bet on two separate specified events or two parts of the same event. A form of parlay or accumulator.

Double Bet: A bet for the twice the size of one's usual bet.

Draw: result where the scores are the same at the end of play. This is also known as a 'Tie'.

Earn: Practical hold percentage

Edge: Advantage

Even Money: Odds of 1 to 1. No juice or vigorish is laid.

Exotic Bet: Action other than a straight bet - for example, parlays, teasers, if bets, reverses, round robin, etc

Favorite: Team, horse or competitor most likely to win as determined by the odds.

Field: All the individual competitors in an event.

Figure: Amount owed by or to a bookmaker

Fixed Odds: Unchangeable odds at the time of bet.

Futures Bet: Bets placed in advance.

Get Down: To make a bet

Gross Win: Win before expenses

Handicapper: One who sets handicaps by studying sports and predicting outcomes.

Hedge: Bet the opposite of your original bet in order to reduce the amount of action you have on a game

Hook: Half point in point spreads, as in "lost by the hook"

Hoops: Basketball

Hot Tip: Information the bookmaker is not yet privy to

Juice: 10% added onto a bet if you lose. The bookmaker's commission, also known as "virgorish" or "vig"

Lay a Bet: A bookmaker accepting a bet.

Lay The Points: Bet a favorite "lay a price".

Limit: Maximum bet accepted by the house before the price and/or odds will be changed. Also the "cap" on what the bettor can personally bet.

Lines: Another word for odds.

Lock: A term meaning can't lose. (There is no such thing)

Long shot: A team that according to the odds is unlikely to win.

Margin:

The amount a competitor in an event finishes in front of another competitor.

Middle: When both sides of a point spread proposition win.

Money Line: Amount you must bet to win 100 or the amount you win if you bet 100.

Multiples: Picking the winners of more than one event, where a bet is place on more than one outcome and the stake and winnings of the first selection will be rolled over onto the second selection and so on.

MVP: Most Valuable Player.

Neutral Site: Arena, court, or field where neither side has a home field advantage

NICKEL: $500

Odds Maker: The person who establishes the original and subsequent betting lines and odds. Also referred to as a line maker.

Official Line: Line that the bookmaker uses for betting purposes; the line offered to the bettor.

OFF-THE-BOARD: A game in which the sports book is not taking bets on.

Over/Under: A bet for the total score of both teams.

Outlaw Line: An early line that is not an official line. Often offered to specially selected bettors before the official line is offered to the public.

Overlay: When odds on a proposition are in favor of the bettor rather than the house

Parlay: A bet on 2 or more teams, all teams must cover. In the event of a push or a game cancellation, the parlay reverts to the next lower

Past Post: to make a bet after an event has started.

Pick or Pick'em: A game where no team or betting option is favorite.

Place Bet: Bet to finish first or second.

Player: Bettor or gambler

Point Spread: The amount of points that the favorite gives to the underdog for betting purposes.

Press: To bet a larger amount than usual

Price: The odds, line or point spread.

Post Time: The scheduled starting time.

Proposition Bet: A bet on a particular aspect of the game, such as who will score first.

Puppy: Underdog

Push: A game which, with the point-spread, is tied or when the combined scores of the two teams ties the total.

Return: Your total winnings on a bet.

Round Robin: A series of parlays. A three team round robin consists of three two-team parlays.

Rundown: Line updates

Run Line: A line used when betting on baseball.

Side: to win one side and tie the other

Score: To win a lot of money

Scratch: Withdraw; cancel

Show: Bet a horse to come in third place.

Sports Book: The person or group that accepts bets.

Spread: An abbreviated form of point-spread

Steam: Heavy action on one side

Straight Bet: The team bet on must win by the point spread given at the time of the bet.

Teasers: Two or more teams or propositions in which additional points are either added to the underdog or subtracted to the favorite.

Tie: A push, stand-off or a draw.

Tip: Advice as to the probable winner of an event.

Total: The combined number of points/goals scored by two teams.

Toss up: game where the line is close to pick'em

Tout: Someone who sells his opinions on sports or horse betting. Also called "handicapper".

Under Dog: The outsider in a betting opportunity.

Underlay: When the odds on a proposition are in favor of the house.

Value: Getting the best odds on a betting proposition, the highest possible edge.

Vigorish: The Vig , juice or commission taken out by the sports book for accepting the bet, usually 10%

Win: A bet to finish in first place.

WISE GUY: A sophisticated bettor.

Wood: Laying points.

Abbreviations

A: Away

ART: Artificial Turf

ATS: Against The Spread.

BB: Back to Back

CON: Conference

DOG: Underdog

DD: Double Digit

DIV: Division

FAV: Favorite

H: Home

HD: Home Dog

HF: Home Favorite

HL: Home Loss

L: Last

LHG/LRG: Last Home Game/Road Game

LY: Last Year

MRT: Most Recent (ATS) Trend

N: Neutral

NAT: Natural Grass

OPP: Opponent

O/U: Over/Under

PTA: Points Against

RD: Road Dog

REG: Regular

REV: Revenge

RF: Road Favorite

S: Since

SEA: Season

STR: Strike (Season)

SU: Straight Up

VS: Versus

Y: Year