Sports Betting Terms H-O
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Hot Game
Sports betting term for a game which is drawing a lot of action on one side by knowledgeable handicappers.
Juice
The bookmaker’s commission on a losing bet, also known as "vigorish."
Laying the Points
Betting the favorite by giving up points.
Laying the Price
In sports wagering, laying the price means betting the favorite 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 favorite 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 favor 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.
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