Sports Betting Terms

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Bonnie Evans | May 30, 2022 | Updated on: February 13th, 2024

Sports betting terms change from one state to the next. For example, AU bookmakers are called “sportsbooks” in the United States. However, this does no harm if your terminology is correct. have compiled this sportsbooks glossary to give you an understanding into the language of sports bets.

sports betting terms usaOnce you understand most of the terms that are used when sports betting it becomes easier to place bets and also to get started. There are also a few of the top US online casinos that offer sports betting as well. Find one that is reputable and sign up to start placing your sports wagers.

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Betting on Sports Terms

Take a look at some of the common gambling terms and related terms that are used for sports betting in the USA below:

  • Accumulator – Multiple wagers. For the bettor to win, all outcomes chosen should correspond with the best result. In some countries, it is known as a parlay.
  • Action – a valid wager or bet. In most casino games, it is money used to bet.
  • Ante-Post – stake made in advance of an upcoming event. They are made prior to the day of the event and it involves better odds.
  • Arbitrage – when there’s a difference in the odds between two bookies and allows a person to wager both sides and also have a sure win.
  • Asian Handicap – when one of the teams gets a head start. This removes the draw as an option.
  • Backed – a person or team upon which most wagers are placed.
  • Beard – a term used for a colleague who wagers on behalf of another individual.
  • Beef – an argument on the outcome of bets between a punter and the bookmaker.
  • Better – bettor or punter.
  • Betslip – the system for your gamble selections.
  • Betting W/O – shorthand for betting without the favourite.
  • BIR – acronym for betting in running.
  • Bookies – bookmaker or bookmaking business.
  • Bookmaker – a sports betting operation that sets point spreads and moneylines for gambling.
  • Card Index – the number of cards exposed by a referee during a single football match. A red card values 25 points, a yellow card is worth 10, and then two yellows are worth 35 points.
  • Cookies – small packets of information stored on your pc about the sites you visit.
  • Cover – to beat the spread by sufficient points to win the wager.
  • Dead Hit – concluding equally.
  • Distance Special – in horse racing, a wager offered on a horse winning by a convincing distance.
  • Dogs – greyhound racing.

us sports betting terms guide

  • Favourite – the horse with the direct price in the field.
  • Flexi Betting – taking exotics wagers, such as Exacta, Quinella, Trifecta, Doubles, first 4, Trebles, or even Quaddies in as numerous combinations and with wagers as large as you like.
  • Goliath – 8 collections and 247 bets.
  • Line Bet – one side of the bet given a head start, so odds are not required.
  • Live Betting – gambling on an event as it emerges.
  • Margin Betting – selecting the ultimate margin between two teams.
  • MLB – Major League Baseball.
  • MVP – Most Valuable Player.
  • NBA – the National Basketball Association.
  • NCAA – the National Collegiate Athletic Association.
  • NFL –the National Football League.
  • NHL – the National Hockey League.
  • Non-Runner –if your selection didn’t run in the race, you get your cashback.
  • Oddsmaker – an individual who sets the odds for sportsbooks.
  • One on One – head-to-head.
  • Payout – the amount a bettor is paid when they win.
  • Pick3 – also acknowledged as a treble.
  • Pick6 – Super 6.
  • Place Only – This bet hits if the horse chosen finished in the money.
  • Punter – a bettor.
  • Quaddie – choose the winner of the four successive races.
  • Scorecast – the bettor chooses who will score first and who will win.
  • Single – a sole wager on one single selection.
  • Stake – the sum you wish to wager.
  • Superfecta – also known as First Four.
  • Tote –TABs or the tote board.
  • Treble – choosing the winners on 3 successive races.
  • Trifecta – staking on three choices to win 1st, 2nd, and 3rd in a race.
  • Win-Draw-Win – positions of the three results of a sport’s future, counting home win, away win and draw.

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