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Apr 16th, 2012 by PJ LaFerla
- Action: To place a bet or make a wager on a game.
Example: I’m in action; I have $500.00 on the Miami Heat to cover the point spread.
- Analysis: In depth look at a specific game before making a wager.
Example: My analysison the Lakers versus Celtics is telling me the Lakers should win this game.
- Against The Spread (ATS): Determines if your bet won with the odds set in the game.
Example: The Magic only won the game by 4 and they were giving 8 – they can’t win against the spread.
- Bad Beat: A wager that is tough to forget because of how the game was lost.
Example: I really thought I was going to win my bet, but suffered a bad beat when the Dallas Mavericks made a half court shot at the end of the game.
- Back Door Cover: A team that scores meaningless points after the game had all but been decided.
Example: After the Magic pulled their starters, the Kings got a back door cover, scoring the games final ten points.
- Back-To-Back-To-Back: Three games in three consecutive nights.
Example: The 76ers are playing well, but it will be tough for them to win this game because it is the third game of a back-to-back-to-back.
- Bettors Perspective: A Gamblers viewpoint and opinion on a game.
Example: The Raptors should easily win this game, but from a bettors perspective, the Nets will cover the point spread.
- Buzzer Beater: A shot that is made right before time expires at the end of a half or game.
Example: He made a buzzer beater shot at the end of the game to win and cover.
- Chalk: Referred to as the favorite.
Example: I am laying the chalk on this game.
- Cigar Piece: A wager that was never in doubt.
Example: When the Bulls were leading by 20 at the end of the 1st quarter, I knew this game was a cigar piece.
- Cold: A streak of losing wagers.
Example: I have been socold in my last 10 games that I have only picked 1 winner.
- Collect: After winning a wager you can cash in your ticket for the money you placed on the game.
Example: Before I make my next bet I need to collect from the game I won earlier.
- Cover: Win the game by more points then you laid or lose by fewer points then you had taken.
Example: The Pacers won the game by 19 points and were only favored by 4, so it was an easy coverfor them.
- Edge: Having favorable odds on a specific game.
Example: Betting that line at -5 really gave me the edge to win my bet.
- Factor: Something or someone that will contribute to the end result
Example: : Losing that player in the 1st quarter was the mainfactor the team lost.
- Favorite: A team that is expected to win a game.
Example: Los Angeles is the favoriteagainst Sacramento.
- Handicapper: To research and analyze games in order to predict the end results.
Example: He is a great handicapperbecause he wins 65% of his selections.
- Hook: Referred to as a half of a point.
Example: I was laying 8.5 on the game and they only won by 8 – I lost by a hook.
- Hot: A streak of winning wagers.
Example: I have been so hot lately, every game I place a bet on, I win.
- Juice: The built in fee by the bookmakers when placing a bet.
Example: If it wasn’t for the juice I would have broke even with my 2 bets.
- Lay: Betting a game on the favorite.
Example: I am going to lay the -8 on the Grizzles to win.
- Line: The set number to determine what a team should in by.
Example: The lineon the Pacers to win is at -5 over the Bucks.
- Line Move: When the odds on a game shift before the game goes off.
Example: The Kings were bet heavy at -5 about an hour ago, so there was a line move on that game and they are now -7.
- Lob City: Nickname of the Los Angeles Clippers.
Example: The Clippers highlights are always on TV because they keep showing the Lob City style of dunks.
- Lock: A sure fire winner before the game is played.
Example: I am betting on the Pacers because they are a lock to win the game.
- Make A Play: To place a bet.
Example: I love the Warriors at +6; I am going to make a play before the line moves.
- Matchup: A game between to specific teams.
Example: The matchup between the Rockets and Spurs is even.
- Money Line: To bet on a game without using a point spread, but having to either lay or take more money depending on the side you bet on.
Example: I didn’t want to bet the Wizards at +6, I thought there was more value taking them on the money line at +180.
- Money Management: To control and have a designed system when placing wagers.
Example: If it weren’t for proper money management I would have lost everything by now.
- Odds: The mathematical number for a team to win.
Example: Theodds on the Celtics to win the Championship are 10 to 1.
- Odds Maker: The person that sets the lines on games.
Example: Because New York is on a winning streak, the Odds-maker has inflated the line.
- Off The Board: A line on a particular game is not available.
Example: The matchup between the Rockets and Jazz is off the board.
- Public Betting: A novice gambler also known as a square that makes a wager with little analysis on a game.
Example: All the money bet on Orlando is from the Public Betting them at -2 points even though their main player is injured.
- Point spread: A projected number of points by the Odds Maker in which the favorite is given to defeat the underdog.
Example: The point spread is -8 on the favorite tonight.
- Power Ratings/Rankings: A formula that determines the strength of a team’s performance. The NJ Nets are a last place team in their division and in the
Example: power rankings that are 2nd to last in the entire league.
- Prediction: A forecast of the final score or what team will win and cover.
Example: My prediction is the Hornets will win easily win this game.
- Push: When the point spread falls exactly on the number resulting in not winning or not losing the bet.
Example: The Hawks were giving 6 and won the game 107-101, so my bet was a push.
- Run-And-Gun: A team with a fast style of offensive play with very little defense.
Example: The Suns are a run-and-gun team; all they worry about is scoring.
- Running up the score: A team that continues to score points even though the outcome has all but been decided.
Example: The Grizzles were running up the score, even though they were leading by 20 points with three minutes left in the game.
- Sharp: An experienced bettor with more knowledge than the average gambler.
Example: He is really sharpwith his plays; no one else bet the Nets on the money line to win outright.
- Slate: The games that are set on any given day.
Example: Today’s slate of games is all Eastern Conference teams playing Western Conference.
- Stingy: Referred to a team that doesn’t give up a lot of points.
Example: Boston has a stingy defense – they only give up 89 points per game.
- Syndicate: A group of people who work jointly to gamble with a goal of winning money betting on games.
Example: There is a Syndicate out of Vegas that only bets on the totals in the NBA.
- Totals (OVER/UNDER): The set number by the Odds Makers for bettors to wager by either going above or below the projected final score.
Example: I am going to make my play on the OVER the total of 187 as I think both teams are capable of scoring a lot points.
- Trends: A continued process worth noting.
Example: When the Spurs are playing at home after a loss the trend is 10-0 in their last ten games that they will win.
- Underdog: A team that is expected to lose a game.
Example: The Charlotte Bobcats are an underdogagainst the Chicago Bulls.
- Value: A team that had favorable odds to win or cover a game.
Example: There is a lot of value with the Knicks as an underdog in this game.
- Vigorish or Vig: A percentage (usually 10%) added when a gambler makes a bet.
Example: I had to lay $20.00 in vig ($220) to win $200 on the Hornets to win.
- Wager: To risk money to win more money of a game.
Example: I am going to make a wager of $300 on the Suns to win this game tonight.
- Wise Guy: An experienced bettor capable of moving the line.
Example: I heard after a wise guy made is bet, the line jumped 2 points.
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