Under In Betting
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*Explain Over Under In Betting
*Over Under Betting Explanation
When betting point totals, the bettor isn’t betting on who wins the game but is concerned about how many combined points are scored between the competitors. Instead of rooting for a particular side, point total bettors cheer for both teams to either score a lot of points or score very few points, depending on where their wager lies.
For example, in a football game, if the total is 41 points, bettors can bet ’over’ or ’under’ on that perceived total. Tout (service): a person (or group of people) who either sells or gives away. Over/under bet interchangeably. In the sportsbook world, they both represent the same type of wager. The reason for the difference is that in the United States, it is often called a totals bet; meanwhile, the rest of the world usually calls it an over/under. With a totals bet, you’re betting on some numerical total that a sportsbook. Bets on the total (over/under) In addition to the spread bet, a very common ’side bet’ on an event is the total (commonly called the over/under or O/U) bet. This is a bet on the total number of points scored by both teams. Suppose team A is playing team B and the total is set at 44.5 points.
The point totals bet comes into play when the bettor is not confident enough to select a certain team or player but has a solid understanding of how the game will play out stylistically. For example, a basketball team with a slow pace of play will drop the point total down. On the other side, a high-powered offense in football will drive up a higher point total.
Betting the over/under can be a thrilling way to watch a game even if the game is out of hand but the point total is still on the fence. It can also be infuriating when your under bet appeared to be a clear winner before double overtime cost you the win.
Over/under, also called totals bets, are a popular wager among elite sports gamblers with their analytical approach to sports gambling, knowing the way the game will flow and play out.
Whether you’re new to the sports betting industry or a seasoned veteran, let’s take some time to learn more about it betting point totals.Identifying the total
In order to place your wager on the total, identifying where it’s located is the first step. Typically online sportsbooks list three major categories for traditional sports. Often, the numbers listed in order from left to right are point spread, then moneyline, followed by the point total.
The point total at the far right will feature a top and bottom half. The top will list the letter “O” or the word “OVER” before the number, which signifies the over, and the bottom half will show “U” or “UNDER” representing the under. Next to the point total number are the odds for the bet. Most totals bets have -110 odds.
Example:
*O49 (-110)
*U49 (-110)
The over/under number may fluctuate leading up to the game depending on where the majority of money and bets are coming in.
*How to bet the under: This is pretty self-explanatory. When you decide to bet the under, you’re thinking the teams will combine to score less than the given number put out by the oddsmakers. It can be difficult to watch a game as a casual fan when you make an under bet. Even though your brain has been programmed to cheer for points, you’re now rooting for strikeouts, missed shots, no touchdowns, and so on.
*How to bet the over: On the other side, if you think the game plays out at a much higher scoring pace than the sportsbook shows, bet on the over and root for everybody to play their best offensive games of the season and not back it up on the defensive end.Explain Over Under In BettingHalftime/quarter totals betting
This is more of an advanced wager, but online sportsbooks will sometimes offer the option to bet first and second halves or quarters, depending on the sport. If you notice a particular trend early or late in games, this could be a profitable way to go. If you’re watching your favorite team and notice over the course of the season that it takes a long time for the offense to get things going, putting some money on the first half under would make sense. Or, if the offense comes out firing in the first half before cooling off after halftime, bet the first half over.Team point totals
This is also a non-typical point totals wager, but sometimes this is an option to go after. Individual team point totals focus on the number of points scored by a particular team instead of combining all competing sides. If you believe a team will score more than the listed point total number, take the over, and vice versa for the under.How to bet the over/under with examples
Now that we have a full understanding of what betting over/under point totals are, let’s dive into a few of the scenarios that could arise when you’re looking to make your next over or under bet.NFL example 1
Let’s reflect on Super Bowl LIII, which featured a matchup between two of the better offenses in the NFL with the New England Patriots and Los Angeles Rams. This is among the highest point totals leading up to the game in Super Bowl history, and it made sense given what both teams had done to that point. The Rams finished the regular season second in scoring offense, while the Patriots placed fourth.
The point total for this game was set at 56.5 leading up to kickoff with a -110 listing for the over and under, meaning you would need to bet $110 to profit $100 on either side.
Despite the expectation of a shootout between two big-time offenses, the final score landed at 13-3. Quick math will tell you that’s a total of 16 points, falling well short of the number by 40.5 points. Hardly anybody could’ve expected such a low-scoring game, but that’s what makes sports and sports betting action fun. You never fully know what to expect.
Memorable highlights were limited, causing disappointment for fans and especially NFL bettors who took the over bet. Meanwhile, those who bet the under kicked back and enjoyed the Super Bowl, knowing they had a winning bet throughout much of the game.NFL example 2
For our next example, let’s go back to the NFL for an NFC Divisional Round game between the Minnesota Vikings and New Orleans Saints in January 2018.
It’s now known as the Minneapolis Miracle, but it also led to massive heartbreak or triumph for those who bet on the point total, which was set at 49.5 prior to the game.
With 10 seconds left in the fourth quarter, the Saints led 24-23, so everything looked bright for those who bet the under, while over bettors prayed for a miracle.
Sometimes in sports betting, prayers are answered.
Stefon Diggs went 61 yards for a last-second touchdown to send the Vikings into the NFC Championship, leaving the Saints stunned with a 29-24 loss. Under bettors likely felt the same way, with the final combined point total ending up at 53.NCAA basketball example
Let’s take this one back to 2009 to one of the most iconic games in Big East Tournament history. UConn basketball squared off against Syracuse in the quarterfinals at Madison Square Garden.Over Under Betting Explanation
Since sports betting was much less of a topic in 2009 than it is today, it’s hard to find the point total for this game, but let’s set it at 150 with the standard -110 for the over and under in this example.
Those who had the under probably felt fairly confident in the final seconds of regulation with Syracuse ahead 71-69 with 10 seconds remaining. Combining the two scores adds up to 140, so how could this go wrong for the under bettors? Overtime.
This is a tricky part of point totals because they include the entire game, not just regulation. UConn’s Kemba Walker tied the game to send it into overtime. After six overtimes that featured 102 combined points, Syracuse and over bettors prevailed in a game that finished with a whopping 244 total points.
The over bettors were given a gift, while under bettors still curse the name Kemba Walker.
Depending on the particular situation, overtime in a totals bet can be a sports bettor’s best friend, but it can also be part of a sports gambler’s nightmare.MLB example
In this completely made-up example, let’s say the New York Yankees and Boston Red Sox are matched up in Game 7 of the American League Championship Series to advance to the World Series.
The over/under run total is set at 8 with -110 juice set at both sides. Like the previous examples, this means you’d have to bet $110 to earn $100 with a winner.
In this fantasy, we’re in the bottom of the ninth with the game tied 3-3 and Boston slugger Xander Bogaerts at the plate. He steps up and rips a two-run homer to give the Red Sox the 5-3 victory, as the final runs total rests at 8.
Since the over/under run total was set at 8 and the final result matched the number, this is called a push. All sides of the point total bet get their money back as if nothing happened.
Sportsbooks try to avoid the push scenario when you’re betting on baseball, which is a reason many point totals and spreads list a 0.5 after the number.How to Bet GuidesKey takeaways on totals
Let’s take a look back at the main points and what we learned about betting point totals.
*Traditional totals bets consist of combining points between teams involved.
*Consider the different styles of play when analyzing point totals.
*Bet the under when you think less points will be scored than projected by oddsmakers.
*Bet the over when you think more points will be scored than projected by oddsmakers.
*As with all wagers, luck can play a big role in the winners and losers.
Action: Having a wager on a game.
ATS (’against the [point] spread’): If a team is 5-2 ATS, it means it has a 5-2 record against the point spread, or more commonly referred to simply as the ’spread.’
Backdoor cover: When a team scores points at the end of a game to cover the spread unexpectedly.
Bad beat: Losing a bet you should have won. It’s especially used when the betting result is decided late in the game to change the side that covers the spread. Also used in poker, such as when a player way ahead in the expected win percentage loses on the river (last card).
Beard: Someone who places a wager for another person (aka ’runner’).
Book: Short for sportsbook or bookmaker; person or establishment that takes bets from customers.
Bookie: A person who accepts bets illegally and charges vig.
Buying points: Some bookies or sportsbooks will allow customers to alter the set line and then adjust odds. For example, a bettor might decide he wants to have his team as a 3-point underdog instead of the set line of 2.5. He has then ’bought’ half a point, and the odds of his bet will be changed.
Chalk: The favorite in the game. People said to be ’chalk’ bettors typically bet the favorite.
Circle game: A game for which the betting limits are lowered, usually because of injuries and/or weather.
Closing line: The final line before the game or event begins.
Consensus pick: Derived from data accumulated from a variety of sportsbooks in PickCenter. The pick, and its percentage, provides insight as to what side the public is taking in a game.
Cover: The betting result on a point-spread wager. For a favorite to cover, it has to win by more than the spread; an underdog covers by winning outright or losing by less than the spread.
Dime: Jargon for a $1,000 bet. If you bet ’three dimes,’ that means a $3,000 wager.
’Dog: Short for underdog.
Dollar: Jargon for a $100 bet. Usually used with bookies; if you bet ’five dollars,’ that means a $500 wager.
Edge: An advantage. Sports bettors might feel they have an edge on a book if they think its lines aren’t accurate.
Even money: Odds that are considered 50-50. You put up $1 to win $1.
Exotic: Any wager other than a straight bet or parlay; can also be called a ’prop’ or ’proposition wager.’
Favorite: The expected straight-up winner in a game or event. Depending on the sport, the favorite will lay either odds or points. For example, in a football game, if a team is a 2.5-point favorite, it will have to win by three points or more to be an ATS winner.
Fixed: A participant in a particular game who alters the result of that game or match to a completely or partially predetermined result. The participant did not play honestly or fairly because of an undue outside influence.
Futures bet: A long-term wager that typically relates to a team’s season-long success. Common futures bets include betting a team to win a championship at the outset of a season, or betting whether the team will win or lose more games than a set line at the start of the season.
Halftime bet: A bet made after the first half ended and before the second half begins (football and basketball primarily). The oddsmaker generally starts with half of the game side/total and adjusts based on what happened in the first half.
Handicapper: A person trying to predict the winners of an event.
Handle: The amount of money taken by a book on an event or the total amount of money wagered.
Hedging: Betting the opposing side of your original bet, to either ensure some profit or minimize potential loss. This is typically done with futures bets, but can also be done on individual games with halftime bets or in-game wagering.
High roller: A high-stakes gambler.
Hook: A half-point. If a team is a 7.5-point favorite, it is said to be ’laying seven and a hook.’
In-game wagering: A service offered by books in which bettors can place multiple bets in real time, as the game is occurring.
Juice: The commission the bookie or bookmaker takes. Standard is 10 percent. Also called the ’vig/vigorish.’
Layoff: Money bet by a sportsbook with another sportsbook or bookmaker to reduce that book’s liability.
Limit: The maximum bet taken by a book. If a book has a $10,000 limit, it’ll take that bet but the book will then decide whether it’s going to adjust the line before the bettor can bet again.
Lock: A guaranteed win in the eyes of the person who made the wager.
Middle: When a line moves, a bettor can try to ’middle’ a wager and win both sides with minimal risk. Suppose a bettor bets one team as a 2.5-point favorite, then the line moves to 3.5 points. She can then bet the opposite team at 3.5 and hope the favorite wins by three points. She would then win both sides of the bet.
Money line (noun), money-line (modifier): A bet in which your team only needs to win. The point spread is replaced by odds.
Mush: A bettor or gambler who is considered to be bad luck.
Nickel: Jargon for a $500 bet. Usually used with bookies; if you bet ’a nickel,’ that means a $500 wager.
Oddsmaker (also linemaker): The person who sets the odds. Some people use it synonymous with ’bookmaker’ and often the same person will perform the role at a given book, but it can be separate if the oddsmaker is just setting the lines for the people who will eventually book the bets.
Off the board: When a book or bookie has taken a bet down and is no longer accepting action or wagers on the game. This can happen if there is a late injury or some uncertainty regarding who will be participating.
Over/under: A term that can be used to describe the total combined points in a game (the Ravens-Steelers over/under is 40 points) or the number of games a team will win in a season (the Broncos’ over/under win total is 11.5). Also used in prop bets.
Parlay: A wager in which multiple teams are bet, either against the spread or on the money line. For the wager to win (or pay out), all of them must cover/win. The more teams you bet, the greater the odds.
Pick ’em: A game with no favorite or underdog. The point spread is zero, and the winner of the game is also the spread winner.
Point spread (or just ’spread’): The number of points by which the supposed better team is favored over the underdog.
Proposition (or prop) bet: A special or exotic wager that’s not normally on the betting board, such as which team will score first or how many yards a player will gain. Sometimes called a ’game within a game.’ These are especially popular on major events, with the Super Bowl being the ultimate prop betting event.
Push: When a result lands on the betting number and all wagers are refunded. For example, a 3-point favorite wins by exactly three points. Return on investment (ROI): In PickCenter, ROI is the amount (according to numberFire) that a bettor should expect to get back on a spread pick.
Runner: Someone who makes bets for another person (aka ’beard’).
Sharp: A professional, sophisticated sports bettor.
Spread: Short for point spread.
Square: A casual gambler. Someone who typically isn’t using sophisticated reasoning to make a wager.
Steam: When a line is moving unusually fast. It can be a result of a group or syndicate of bettors all getting their bets in at the same time. It can also occur when a respected handicapper gives a bet his followers all jump on, or based on people reacting to news such as an injury or weather conditions.
Straight up: The expected outright winner of the money line in an event or game, not contingent on the point spread.
Teaser: Betting multiple teams and adjusting the point spread in all the games in the bettor’s favor. All games have to be picked correctly to win the wager.
Total: The perceived expected point, run or goal total in a game. For example, in a football game, if the total is 41 points, bettors can bet ’over’ or ’under’ on that perceived total.
Tout (service): a person (or group of people) who either sells or gives away picks on games or events.
Underdog Heart of vegas slots. : The team that is expected to lose straight up. You can either bet that the team will lose by less than the predicted amount (ATS), or get better than even-money odds that it will win the game outright. For example, if a team is a 2-1 underdog, you can bet $100 that the team will win. If it wins, you win $200 plus receive your original $100 wager back.
Vig/vigorish: The commission the bookie or bookmaker takes; also called the ’juice.’ Standard is 10 percent.
Wager: A bet.
Welch: To not pay off a losing bet.
Wiseguy: A professional bettor. Another term for a ’sharp.’
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*Explain Over Under In Betting
*Over Under Betting Explanation
When betting point totals, the bettor isn’t betting on who wins the game but is concerned about how many combined points are scored between the competitors. Instead of rooting for a particular side, point total bettors cheer for both teams to either score a lot of points or score very few points, depending on where their wager lies.
For example, in a football game, if the total is 41 points, bettors can bet ’over’ or ’under’ on that perceived total. Tout (service): a person (or group of people) who either sells or gives away. Over/under bet interchangeably. In the sportsbook world, they both represent the same type of wager. The reason for the difference is that in the United States, it is often called a totals bet; meanwhile, the rest of the world usually calls it an over/under. With a totals bet, you’re betting on some numerical total that a sportsbook. Bets on the total (over/under) In addition to the spread bet, a very common ’side bet’ on an event is the total (commonly called the over/under or O/U) bet. This is a bet on the total number of points scored by both teams. Suppose team A is playing team B and the total is set at 44.5 points.
The point totals bet comes into play when the bettor is not confident enough to select a certain team or player but has a solid understanding of how the game will play out stylistically. For example, a basketball team with a slow pace of play will drop the point total down. On the other side, a high-powered offense in football will drive up a higher point total.
Betting the over/under can be a thrilling way to watch a game even if the game is out of hand but the point total is still on the fence. It can also be infuriating when your under bet appeared to be a clear winner before double overtime cost you the win.
Over/under, also called totals bets, are a popular wager among elite sports gamblers with their analytical approach to sports gambling, knowing the way the game will flow and play out.
Whether you’re new to the sports betting industry or a seasoned veteran, let’s take some time to learn more about it betting point totals.Identifying the total
In order to place your wager on the total, identifying where it’s located is the first step. Typically online sportsbooks list three major categories for traditional sports. Often, the numbers listed in order from left to right are point spread, then moneyline, followed by the point total.
The point total at the far right will feature a top and bottom half. The top will list the letter “O” or the word “OVER” before the number, which signifies the over, and the bottom half will show “U” or “UNDER” representing the under. Next to the point total number are the odds for the bet. Most totals bets have -110 odds.
Example:
*O49 (-110)
*U49 (-110)
The over/under number may fluctuate leading up to the game depending on where the majority of money and bets are coming in.
*How to bet the under: This is pretty self-explanatory. When you decide to bet the under, you’re thinking the teams will combine to score less than the given number put out by the oddsmakers. It can be difficult to watch a game as a casual fan when you make an under bet. Even though your brain has been programmed to cheer for points, you’re now rooting for strikeouts, missed shots, no touchdowns, and so on.
*How to bet the over: On the other side, if you think the game plays out at a much higher scoring pace than the sportsbook shows, bet on the over and root for everybody to play their best offensive games of the season and not back it up on the defensive end.Explain Over Under In BettingHalftime/quarter totals betting
This is more of an advanced wager, but online sportsbooks will sometimes offer the option to bet first and second halves or quarters, depending on the sport. If you notice a particular trend early or late in games, this could be a profitable way to go. If you’re watching your favorite team and notice over the course of the season that it takes a long time for the offense to get things going, putting some money on the first half under would make sense. Or, if the offense comes out firing in the first half before cooling off after halftime, bet the first half over.Team point totals
This is also a non-typical point totals wager, but sometimes this is an option to go after. Individual team point totals focus on the number of points scored by a particular team instead of combining all competing sides. If you believe a team will score more than the listed point total number, take the over, and vice versa for the under.How to bet the over/under with examples
Now that we have a full understanding of what betting over/under point totals are, let’s dive into a few of the scenarios that could arise when you’re looking to make your next over or under bet.NFL example 1
Let’s reflect on Super Bowl LIII, which featured a matchup between two of the better offenses in the NFL with the New England Patriots and Los Angeles Rams. This is among the highest point totals leading up to the game in Super Bowl history, and it made sense given what both teams had done to that point. The Rams finished the regular season second in scoring offense, while the Patriots placed fourth.
The point total for this game was set at 56.5 leading up to kickoff with a -110 listing for the over and under, meaning you would need to bet $110 to profit $100 on either side.
Despite the expectation of a shootout between two big-time offenses, the final score landed at 13-3. Quick math will tell you that’s a total of 16 points, falling well short of the number by 40.5 points. Hardly anybody could’ve expected such a low-scoring game, but that’s what makes sports and sports betting action fun. You never fully know what to expect.
Memorable highlights were limited, causing disappointment for fans and especially NFL bettors who took the over bet. Meanwhile, those who bet the under kicked back and enjoyed the Super Bowl, knowing they had a winning bet throughout much of the game.NFL example 2
For our next example, let’s go back to the NFL for an NFC Divisional Round game between the Minnesota Vikings and New Orleans Saints in January 2018.
It’s now known as the Minneapolis Miracle, but it also led to massive heartbreak or triumph for those who bet on the point total, which was set at 49.5 prior to the game.
With 10 seconds left in the fourth quarter, the Saints led 24-23, so everything looked bright for those who bet the under, while over bettors prayed for a miracle.
Sometimes in sports betting, prayers are answered.
Stefon Diggs went 61 yards for a last-second touchdown to send the Vikings into the NFC Championship, leaving the Saints stunned with a 29-24 loss. Under bettors likely felt the same way, with the final combined point total ending up at 53.NCAA basketball example
Let’s take this one back to 2009 to one of the most iconic games in Big East Tournament history. UConn basketball squared off against Syracuse in the quarterfinals at Madison Square Garden.Over Under Betting Explanation
Since sports betting was much less of a topic in 2009 than it is today, it’s hard to find the point total for this game, but let’s set it at 150 with the standard -110 for the over and under in this example.
Those who had the under probably felt fairly confident in the final seconds of regulation with Syracuse ahead 71-69 with 10 seconds remaining. Combining the two scores adds up to 140, so how could this go wrong for the under bettors? Overtime.
This is a tricky part of point totals because they include the entire game, not just regulation. UConn’s Kemba Walker tied the game to send it into overtime. After six overtimes that featured 102 combined points, Syracuse and over bettors prevailed in a game that finished with a whopping 244 total points.
The over bettors were given a gift, while under bettors still curse the name Kemba Walker.
Depending on the particular situation, overtime in a totals bet can be a sports bettor’s best friend, but it can also be part of a sports gambler’s nightmare.MLB example
In this completely made-up example, let’s say the New York Yankees and Boston Red Sox are matched up in Game 7 of the American League Championship Series to advance to the World Series.
The over/under run total is set at 8 with -110 juice set at both sides. Like the previous examples, this means you’d have to bet $110 to earn $100 with a winner.
In this fantasy, we’re in the bottom of the ninth with the game tied 3-3 and Boston slugger Xander Bogaerts at the plate. He steps up and rips a two-run homer to give the Red Sox the 5-3 victory, as the final runs total rests at 8.
Since the over/under run total was set at 8 and the final result matched the number, this is called a push. All sides of the point total bet get their money back as if nothing happened.
Sportsbooks try to avoid the push scenario when you’re betting on baseball, which is a reason many point totals and spreads list a 0.5 after the number.How to Bet GuidesKey takeaways on totals
Let’s take a look back at the main points and what we learned about betting point totals.
*Traditional totals bets consist of combining points between teams involved.
*Consider the different styles of play when analyzing point totals.
*Bet the under when you think less points will be scored than projected by oddsmakers.
*Bet the over when you think more points will be scored than projected by oddsmakers.
*As with all wagers, luck can play a big role in the winners and losers.
Action: Having a wager on a game.
ATS (’against the [point] spread’): If a team is 5-2 ATS, it means it has a 5-2 record against the point spread, or more commonly referred to simply as the ’spread.’
Backdoor cover: When a team scores points at the end of a game to cover the spread unexpectedly.
Bad beat: Losing a bet you should have won. It’s especially used when the betting result is decided late in the game to change the side that covers the spread. Also used in poker, such as when a player way ahead in the expected win percentage loses on the river (last card).
Beard: Someone who places a wager for another person (aka ’runner’).
Book: Short for sportsbook or bookmaker; person or establishment that takes bets from customers.
Bookie: A person who accepts bets illegally and charges vig.
Buying points: Some bookies or sportsbooks will allow customers to alter the set line and then adjust odds. For example, a bettor might decide he wants to have his team as a 3-point underdog instead of the set line of 2.5. He has then ’bought’ half a point, and the odds of his bet will be changed.
Chalk: The favorite in the game. People said to be ’chalk’ bettors typically bet the favorite.
Circle game: A game for which the betting limits are lowered, usually because of injuries and/or weather.
Closing line: The final line before the game or event begins.
Consensus pick: Derived from data accumulated from a variety of sportsbooks in PickCenter. The pick, and its percentage, provides insight as to what side the public is taking in a game.
Cover: The betting result on a point-spread wager. For a favorite to cover, it has to win by more than the spread; an underdog covers by winning outright or losing by less than the spread.
Dime: Jargon for a $1,000 bet. If you bet ’three dimes,’ that means a $3,000 wager.
’Dog: Short for underdog.
Dollar: Jargon for a $100 bet. Usually used with bookies; if you bet ’five dollars,’ that means a $500 wager.
Edge: An advantage. Sports bettors might feel they have an edge on a book if they think its lines aren’t accurate.
Even money: Odds that are considered 50-50. You put up $1 to win $1.
Exotic: Any wager other than a straight bet or parlay; can also be called a ’prop’ or ’proposition wager.’
Favorite: The expected straight-up winner in a game or event. Depending on the sport, the favorite will lay either odds or points. For example, in a football game, if a team is a 2.5-point favorite, it will have to win by three points or more to be an ATS winner.
Fixed: A participant in a particular game who alters the result of that game or match to a completely or partially predetermined result. The participant did not play honestly or fairly because of an undue outside influence.
Futures bet: A long-term wager that typically relates to a team’s season-long success. Common futures bets include betting a team to win a championship at the outset of a season, or betting whether the team will win or lose more games than a set line at the start of the season.
Halftime bet: A bet made after the first half ended and before the second half begins (football and basketball primarily). The oddsmaker generally starts with half of the game side/total and adjusts based on what happened in the first half.
Handicapper: A person trying to predict the winners of an event.
Handle: The amount of money taken by a book on an event or the total amount of money wagered.
Hedging: Betting the opposing side of your original bet, to either ensure some profit or minimize potential loss. This is typically done with futures bets, but can also be done on individual games with halftime bets or in-game wagering.
High roller: A high-stakes gambler.
Hook: A half-point. If a team is a 7.5-point favorite, it is said to be ’laying seven and a hook.’
In-game wagering: A service offered by books in which bettors can place multiple bets in real time, as the game is occurring.
Juice: The commission the bookie or bookmaker takes. Standard is 10 percent. Also called the ’vig/vigorish.’
Layoff: Money bet by a sportsbook with another sportsbook or bookmaker to reduce that book’s liability.
Limit: The maximum bet taken by a book. If a book has a $10,000 limit, it’ll take that bet but the book will then decide whether it’s going to adjust the line before the bettor can bet again.
Lock: A guaranteed win in the eyes of the person who made the wager.
Middle: When a line moves, a bettor can try to ’middle’ a wager and win both sides with minimal risk. Suppose a bettor bets one team as a 2.5-point favorite, then the line moves to 3.5 points. She can then bet the opposite team at 3.5 and hope the favorite wins by three points. She would then win both sides of the bet.
Money line (noun), money-line (modifier): A bet in which your team only needs to win. The point spread is replaced by odds.
Mush: A bettor or gambler who is considered to be bad luck.
Nickel: Jargon for a $500 bet. Usually used with bookies; if you bet ’a nickel,’ that means a $500 wager.
Oddsmaker (also linemaker): The person who sets the odds. Some people use it synonymous with ’bookmaker’ and often the same person will perform the role at a given book, but it can be separate if the oddsmaker is just setting the lines for the people who will eventually book the bets.
Off the board: When a book or bookie has taken a bet down and is no longer accepting action or wagers on the game. This can happen if there is a late injury or some uncertainty regarding who will be participating.
Over/under: A term that can be used to describe the total combined points in a game (the Ravens-Steelers over/under is 40 points) or the number of games a team will win in a season (the Broncos’ over/under win total is 11.5). Also used in prop bets.
Parlay: A wager in which multiple teams are bet, either against the spread or on the money line. For the wager to win (or pay out), all of them must cover/win. The more teams you bet, the greater the odds.
Pick ’em: A game with no favorite or underdog. The point spread is zero, and the winner of the game is also the spread winner.
Point spread (or just ’spread’): The number of points by which the supposed better team is favored over the underdog.
Proposition (or prop) bet: A special or exotic wager that’s not normally on the betting board, such as which team will score first or how many yards a player will gain. Sometimes called a ’game within a game.’ These are especially popular on major events, with the Super Bowl being the ultimate prop betting event.
Push: When a result lands on the betting number and all wagers are refunded. For example, a 3-point favorite wins by exactly three points. Return on investment (ROI): In PickCenter, ROI is the amount (according to numberFire) that a bettor should expect to get back on a spread pick.
Runner: Someone who makes bets for another person (aka ’beard’).
Sharp: A professional, sophisticated sports bettor.
Spread: Short for point spread.
Square: A casual gambler. Someone who typically isn’t using sophisticated reasoning to make a wager.
Steam: When a line is moving unusually fast. It can be a result of a group or syndicate of bettors all getting their bets in at the same time. It can also occur when a respected handicapper gives a bet his followers all jump on, or based on people reacting to news such as an injury or weather conditions.
Straight up: The expected outright winner of the money line in an event or game, not contingent on the point spread.
Teaser: Betting multiple teams and adjusting the point spread in all the games in the bettor’s favor. All games have to be picked correctly to win the wager.
Total: The perceived expected point, run or goal total in a game. For example, in a football game, if the total is 41 points, bettors can bet ’over’ or ’under’ on that perceived total.
Tout (service): a person (or group of people) who either sells or gives away picks on games or events.
Underdog Heart of vegas slots. : The team that is expected to lose straight up. You can either bet that the team will lose by less than the predicted amount (ATS), or get better than even-money odds that it will win the game outright. For example, if a team is a 2-1 underdog, you can bet $100 that the team will win. If it wins, you win $200 plus receive your original $100 wager back.
Vig/vigorish: The commission the bookie or bookmaker takes; also called the ’juice.’ Standard is 10 percent.
Wager: A bet.
Welch: To not pay off a losing bet.
Wiseguy: A professional bettor. Another term for a ’sharp.’
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