Definition and origin of betting terms
September 13th 2009 13:21
Beard A friend or someone used to place a bet to conceal the true identity of the wagerer.
Bookie Someone who takes bets. Origin of the word: In the 18th century upper class Englishmen who belonged to clubs would make wagers with each other. The drinking that also accompanied these wagering events would result in numerous arguments about who bet what. Eventually someone started keeping a book with wagers listed. When organized influences came on the scene they looked for a better term to let people know they were accepting bets. They used the club term making a book, which became shortened to bookmaking and then bookie.
Buck Betting term for a $100 wager.
Dime - Betting term for a $1,000 wager.
Dog Also known as Underdog, meaning the team that is most likely to lose a game. Also referred to as a puppy.
Juice Another term for vigorish or vig (see vig)
Nickel - Betting term for a $500 wager.
Parlay A bet in which the bettor picks two or more teams to win. Both teams must win or cover in order for the bettor to win.
Price Betting term for the point spread or odds.
Prop Bet Officially known as a proposition bet. A betting term for a special wager offered by the sports book on unique and various topics. These bets can be on sporting events, politics, and even trial verdicts.
Runner A person who places bets for someone else when it comes to sports betting.
Sportsbook - a company that accepts bets.
Spread - The predicted scoring differential between two opponents as quoted by a bookie.
Straight bet - betting term for a wager on just one team.
Straight-up- Winning the game without regard to the pointspread.
Teaser - A type of parlay in which you adjust the point spread or total of each individual play. This moving of the point spread lowers pay off of the bet.
Vig Derived from the word vigorish which is the charge taken on bets by a bookie. It is believed to be derived from the Russian word for winnings (vyigrysh).
www.theprofootballsystem.com
Bookie Someone who takes bets. Origin of the word: In the 18th century upper class Englishmen who belonged to clubs would make wagers with each other. The drinking that also accompanied these wagering events would result in numerous arguments about who bet what. Eventually someone started keeping a book with wagers listed. When organized influences came on the scene they looked for a better term to let people know they were accepting bets. They used the club term making a book, which became shortened to bookmaking and then bookie.
Buck Betting term for a $100 wager.
Dime - Betting term for a $1,000 wager.
Dog Also known as Underdog, meaning the team that is most likely to lose a game. Also referred to as a puppy.
Juice Another term for vigorish or vig (see vig)
Nickel - Betting term for a $500 wager.
Parlay A bet in which the bettor picks two or more teams to win. Both teams must win or cover in order for the bettor to win.
Price Betting term for the point spread or odds.
Prop Bet Officially known as a proposition bet. A betting term for a special wager offered by the sports book on unique and various topics. These bets can be on sporting events, politics, and even trial verdicts.
Runner A person who places bets for someone else when it comes to sports betting.
Sportsbook - a company that accepts bets.
Spread - The predicted scoring differential between two opponents as quoted by a bookie.
Straight bet - betting term for a wager on just one team.
Straight-up- Winning the game without regard to the pointspread.
Teaser - A type of parlay in which you adjust the point spread or total of each individual play. This moving of the point spread lowers pay off of the bet.
Vig Derived from the word vigorish which is the charge taken on bets by a bookie. It is believed to be derived from the Russian word for winnings (vyigrysh).
www.theprofootballsystem.com
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