:::::::::: GLOSSARY ::::::::::

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GLOSSARY

Across the board
Method of wagering on a horse to win, place and show

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Action points
In an action point wager the customer is going to get paid for every point the chosen team covers the point spread or, is going to be charge for every point the chosen team doesn't cover, plus an additional 10%.
--Note: Action points can only be played on football and basketball for complete games--
The customer chooses the amount for each point.
Also, the customer has to set a point cap. That is, the maximum points the customer is going to get pay or charge for. The point cap goes from 10 to 50 points.

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Appentice
Jockey who has not ridden a certain number of winners in a specified period of time. Also known as a "bug", from the asterisk used to denote the weight allowance such riders receive.

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Beard
A friend or acquaintance or other contact who is used to placing bets so that the bookmakers will not know the identity of the actual bettor. Many top handicappers and persons occupying sensitive positions use this method of wagering.

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Beef
Dispute

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Beyer number
A handicapping tool, popularized by author Andrew Beyer. That assigns a numerical value (speed figure) to each race run by a horse, based on final time and track condition. Enables horses running at various racetracks to be objectively compared.

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Board
In pari-mutuels, short for "tote board", where betting odds, pools and other information is displayed. In sports betting, the entire list of available games

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B.R.
Bankroll

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Buying points (From 1/2 to 10pts)
The customers can buy points to their advantage only in football and basketball for the complete game whenever doing point spreads. Points can be bought on the side or on the total.
NOTE: In football, when buying of or onto a 3 point spread there is an extra 10% charge on the juice.
"Current line is Raiders -3.5, buying 0.5 point will make the Raiders -3, for that you have to lay -120 plus an extra 10% charge, so picking Raiders -3 buying a 0.5 point it is going to cost $130 to win $100, this is because its the same as a field goal".

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Chalk player/or chalk eather
Someone who usually plays the favorite teams, rarely betting on the underdogs.

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Circle game
A game in which the betting action is limited; usually occurs in games that feature key injuries, inclement weather, or unsubstantiated rumors regarding a team.
Sometimes stated, "This is a circle game."

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Consolation double
A payoff to holders of daily-double tickets combining the winning horse in the first race of the double with a scratched horse in the second half

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Cover
To win the game by the required number of points; if such occurs you have "covered the spread". In case of playing the underdog to lose by less than the spread.

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Dime
$1,000

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East coast line
Mainly used in hockey, which has a split-goal line e.g. - NY Rangers (1 - 1 ½) favorite over the Vancouver Canucks as opposed to goal spread plus moneyline (-1/2 -180).

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Edge
Advantage.

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Exotic bet
In sports betting, any bet other than a straight bet, i.e., parlays, teasers, if bets, reverses, round robin, round robin box reverses, etc.
In horse racing, any wager other than win, place or show.

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FA
Free Agent

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False favorite
Horse that is a race favorite despite being outclassed by other competition in the field.

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Field horse
Two or more starters running as a single betting unit, usually when there are more starters than positions on the tote board. Also known as the "mutuel field".

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Fin
$50

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Form
The performance expected according to how a team or horse looks on paper; also, slang for the "Daily Racing Form".

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Fractions
Intermediate times recorded in a race. For example, "quarter time" is the recorded after the first quarter-mile, not the first 25% of the race.

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Futures
Odds posted on the winners of various major sport championships in advance of the event, including the Super Bowl, the World Series, the Stanley Cup and the NBA championship.
In other words, bets placed on an event or outcome taking place some time in the future, e.g., betting during the season on the Super Bowl winner.

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HC
Head Coach.

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Hedge/hedging
Placing bets on the opposite side in order to cut losses or guarantee winning a minimal amount of money.

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Hook
A half point added to point spreads (football and basketball only).
Also commonly said: "lost by the hook".

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Home field advantage
Edge the home team is expected to have as a result of familiarity with the arena and effect of travel on the visiting team.

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Hoops
Basketball

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If bets
Is a chain from 2 to 5 straight plays join by a condition.
There are two types:

(1)SINGLE ACTION: where the player will have action on the second straight bet if the first play WINS ONLY, and so on in the chain of plays.

(2)DOUBLE ACTION where the player will have action on the second play only if the first play WINS, TIES OR THE GAME IS CANCELLED and so on in the chain. Wherever is a lost, the bet stops there.

Amounts? 2nd has to be the same or lower amount than the 1st one.

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Inquiry
Reviewing a race to check into a possible rules infraction. If lodged by a jockey, it is called an objection

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Juice
The bookmaker's commission, most often refers to the 11 to 10 football bettors lay on straight wagers.
Also known as the vigorish.

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Lasix
Trade name for a medication used in the treatment of bleeders, which acts as a diuretic. Often improves performance in horses that have bled in previous races

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Listed pitchers (LP)
Stating that you will place bet only if one or both of the pitchers scheduled to start a baseball game actually start. If they don't, the bet is cancelled.

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LY
Last Year

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L2Y
Last two years (any number can be inserted in the middle to refer to the number of years something has occurred)

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Middle(S)
To win both sides of the same betting proposition; betting the favorite team at -1.5 with one bookmaker and then taking +3.5 with another bookmaker; the game ends up with the favorite winning by exactly 3 points, you have then "middled the game"; a favorite betting method of "Wise Guys".

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Minus pool
In pari-mutuel wagering, when after the take is extracted, there is not enough money left to pay winning patrons the minimum pay-out. The track must then make up the difference

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Money line
The amount you must bet on a favorite to win $100, or the amount you win on an underdog if you bet $100. It can be used in any sport, but however wins the game or event wins the bet.

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Morning line
Probable odds on each horse in a race, as determined by the track handicapper, who tries to gauge both the ability of the horse and the likely final odds as determined by the bettors

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MVP
Most Valuable Player. Leagues give MVP awards to the best regular- season player and to the outstanding player in championship games or series

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Newspaper line
The betting line which quite often appears in the daily newspapers; the lines are only approximate and quite often totally inaccurate and misleading.

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NL
No Line

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Off the board
A game on which the bookmaker will not accept action, that is, no bets are being accepted. The event already start.

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OTB
Off-track betting, or wagering at legalized betting outlets, usually in major cities. Wagering at these sites are usually commingled with on-track betting pools

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Over/under
A bet on whether the combined total of the points/goals scored by the two teams will exceed or be less than a reestablished number or runs

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Pari mutuel
A form of wagering originated in 1865 by Frenchman Pierre Oller in which all money bet is divided up among those who have winning tickets (after taxes, takeout and other deductions are made). Oller called his system "parier mutuel", meaning "betting among ourselves". As this wagering method was adopted in England, it became known as "Paris mutuals," and soon after "pari-mutuels".

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Parlay
(1) A group from 2 to 8 teams in which the payouts increase as the number of chosen teams increase. In order to win the parlay, all the chosen teams must win. In case of a push, the parlay will revert to the next lower amount of teams, paying the odds corresponding to a parlay of that amount of teams.

(2) A wager on two or more horseraces in which the winnings are carried over to the next race.
Parlay cards
Wagers on a minimum of 3 and up to 15 propositions; the more you pick, the higher the payoff.

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Photo
Short for photo finish, a result so close it is necessary to use the finish-line camera to determine the order of finish

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Pick/pick' em game
Neither team is favorite. Usually in basketball and Football. 0 point spread, Whoever wins the game wins the bet

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Pick #
A type of multi-race wager in which the winners of all the included races must be selected. Pick 3 and Pick 9 are common wagers at many tracks. The Pick 6 at jai-alai was often referred to as the "Super 6".

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Pointspread
Only used in football and basketball. Is used to make the game even by adding points to the score of the underdog or subtracting points from the favorite.
The "line"; the handicap, or head start that the favorite gives to the underdog for betting purposes. The favorite must cover the point spread in order to win the game. The underdog on the pointspread gets the same amount of points is his advantage.

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Post position
Number used to identify horse for betting purposes; may refer to spot in the starting gate, but not always

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Puckline
Mainly used on East Coast with hockey, giving odds of a goal spread instead of Canadian Line where both a goal spread and moneyline is played.

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Puppy
Underdog

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Reverses
All possible combination of two team if bets, Double Action If Bets done in both ways, with the chosen teams (from 2 to 6 teams).

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Run line
(Combination of Run Spread with Money Line)
A line used when wagering on baseball. The favorite is minus the runs but usually combined with a positive money line and the underdog is plus the runs but the customer has to risk more to win less (negative money line)

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Scalper
One who attempts to profit from the differences in odds from book to book by betting both sides of the same game at different prices

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Sharp
Wise guy

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Side
To win one side and tie the other. For example, if you lay -2 ½ and take 3 on the same game and the favorite wins by 3 you have SIDED the book. The book has been SIDED.

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Special teasers
(Only in Basketball and Football for the whole game)
Type of teaser where the more teams that are chosen, the more points are credited per team. A player can pick from 2 to 4 teams. All teams must cover the teased spreads to win the teaser. When there is a push, the whole wager is considered a push, unless the push is accompanied by a loss in which case the wager is a loss.

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Steam
Heavy action on one side.
When a betting line starts to move quite rapidly; most "steam games" do not necessarily reflect the "right side," but are games that the mass of bettors somehow decide to key on.

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Store
A Bookie.

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Straight bet
A bet on a team person or thing. 4 situations
Side: Favorite and underdog.
Total: Over or Under a preestablished combined total.

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Teasers
Only in Basketball and Football for the whole game)
A group from 2 to 6 teams that adds points to the lines or totals in the most convenient way for the player.

There are two types of teasers: Special Teasers (see special teasers) and Vegas Teasers (see vegas teasers).

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Theoretical hold percentage
The edge the bookmaker would have IF the odds guaranteed him a constant commission regardless of the outcome

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Totals
Total combined point/runs/goals scored in a game; In baseball, if either of the two listed starting pitchers don't go the bet is automatically cancelled.

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TY
This Year

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Vegas Teasers
(Only in Basketball and Football for the whole game)
This teaser combines the rules of a special teaser and a parlay. It is like a teaser in the sense that it gives points, but regardless of the number of teams chosen, it always gives the same number of points per team.
It's like a parlay in the sense that the more teams that are chosen, the better the payout of the wager.
All teams most cover the teased spread to win the bet. With a push, the teaser will revert to the next lower number of Vegas Teaser.

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Wager limit
Maximum bet accepted by the house before the price will be changed.
Also the "cap" on what you can personally wager.

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