Glossary G – M

The niche market of online sports betting has grown immensely since its inception in the early 1990s. Throughout the last five years the industry has hit its peak, as fans of many sports have decided that Las Vegas can wait and they will bet online instead. For beginners and experienced bettors needing to tune up on the gambling jargon here is a glossary from the letters G to M.

G

Gamble – To place money on the final result of a game.

Getting Down – To bet on an event.

Getting Value – When you see this phrase it means you are getting the best odds for your money.

Grand Salami – The hockey version of totals betting. In essence, you would bet the total number of goals scored in a game.

Grand Slam- The four most important tournaments in both tennis and the PGA. For tennis this is the US, Australian, French and Wimbledon Opens. While in golf this is the Masters, US, British and PGA Open championships.

H

Half Time Bet – This form of wagering occurs when bettors wager on the second half of games. They do this in sports such as football and basketball.

Handicap – Slang for the point spread.

Handicapper – A customer who is as smart as a bookie, studying the odds, buy lines and actual variables for a race or an event.

Handle- The total amount of money wagered on a given game.

Head to Head – This bet is commonly made by bettors during golf race car driving. Essentially the bet can be won by how your picks do rather than if they win.

Hedging- When you hedge you have a group of bets contradict each other, so one bet you would wager on the underdog while another you would wager on a favorite in order to break even at the end of the day.

I

If Bet – To win an if bet, you need your first of two straight bets to win in order for your second bet to be placed.

J

Juice – Also known as the vigor, this is the commission of the bookie for placing your bet for you.

K

Key Numbers – The numbers that have a common affect on all outcomes of a game. Ex: 15 to 20 percent of all NFL games are decided by three points or less making three a key number.

L

Lay the Odds – To wager more money than you can win back.

Lay the Points – Gamble on a favorite and losing points.

Line – The odds or points on a game.

M

Margin – The distance between the winner and the runner up.

Middle – To bet both sides in a single event with the anticipation that you can win both because the wagers are set differently.