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It is believed that back in the old days long before computers , bookies used chalkboard to update odds. Bookies used to have to change the odds on a favorite regularly as the action came in. After a while, the odds were changed so frequently that the name of the favorite was nothing but chalk dust — hence the term betting the chalk. Over time the phrase spilled over first into modern horse racing and then into sports betting in general.
Technically speaking, not really. Sure, favorites win the majority of games, but if you love betting the heavy favorites, the price you will have to pay is steep. When you are betting the chalk, you are rarely making a bet that has any value. You need to be aware of what you are doing and pick the right spots to do so. The AudioEye Help Desk to report accessibility and usability related issues.
The AudioEye Certification Statement to explain the ongoing web accessibility and usability enhancements for this website. The Player tool to listen to this site read aloud. The Player is not intended as a substitute for your screen reader. Time to pull out the flash cards and start studying up on how to become the next high roller in Las Vegas.
Action: A live bet or bets. Arbitrage: Betting the same event at separate sports books in order to lock in a profit by taking advantage of different betting lines. Bad beat: A very tough, often emotional, betting loss that is characterized by rotten luck. Beard: A person who is betting someone else's money for that other person; a messenger. Board: A presentation of all the games and events available for betting in a sports book.
If wagers are being taken on a game, the game is "on the board," otherwise it is "off the board. Buyback: The money that comes in on the underdog after a favorite is bet heavily enough to move the line. Circled game: A game in which the sports book has reduced its betting limits, usually because of weather or the uncertain status of injured players. Cover: Winning against the point spread. A point underdog that loses has covered, or "covered the spread. Dime line: A betting line with a cent straddle, often used in baseball.
With a dime line, if the favorite is minus , the underdog is plus Exposure: The degree of risk that a sports book will lose money on a given game, result or proposition. If a book is "highly exposed" on the Cubs in World Series futures betting, it will lose a lot of money to bettors if the Cubs win the World Series. Fade: To take the opposite side of another bettor's wager or to accept that bet yourself. Favorite: A team or player that, according to the odds, is the stronger or strongest in a given match-up or is regarded as such by the betting public or is expected to win.
First-half betting: Wagers that involve the outcome of the first half of a game only. Futures: A type of wager involving the outcome of a season or how a particular team or player will perform over the course of a season. Halftime betting: Wagers, based on betting lines posted at halftime, which involve the outcome of the second half of a game only. Handicap: To study and research sports in order to make predictions on the results of upcoming games and events.
Handle: The amount of money in wagers accepted. Hedge: To make a bet that takes the opposite side of your original position, usually to reduce risk or lock in some profit. Layoff: A type of wager made by one bookmaker with another, often larger, bookmaker in order to balance action or reduce risk.
Lock: A bet that cannot lose; a term that is often misused and abused by disreputable touts. Match-up proposition: A betting option that pits two players against one another in a contest or event, often used in golf and auto racing wagering. Middle: A situation in which you bet both sides in a game and win both bets, due to favorable line moves. If the favorite wins by exactly 3 points, both bets win.
Money line: The odds on a team winning a game outright, regardless of the point spread. Money management: Any strategy used by a bettor for making the most of his bankroll. Offshore: Designation for the organized sports betting industry outside of the United States.
Out: A place to get bets down, whether it's a Nevada sports book, offshore book or illegal bookmaker. Parlay: A bet in which two or more events must happen in order to win; if any one of them does not happen, the wager loses. Pay by mail: How sports books usually pay off winning tickets to tourists who make a bet while visiting Nevada, then return to their home state before they have a chance to cash them. Pleaser: A specialized form of a parlay that improves the point spread for the book but pays off at improved odds.
Point spread: The number of points added to or subtracted from a team's actual score for betting purposes. Power rating: A numerical representation of a team's strength for betting purposes. Public: Average, unsophisticated or casual bettors as a whole; or, used to describe money bet by the public "a lot of public money came in on the Cowboys" ; see "square.
Rotation: The official list of all the games on the betting board, presented in a specific order.
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Favorites in football and basketball are always posted with negative odds. In the NFL example below, Philadelphia is chalk with a While not as common, the game total line also displays a favorite. Just like football and basketball favorites, moneyline and game total odds work the same with hockey and baseball chalk sides.
There is however one major difference with puck line and run line favorites. To gain value, on high-priced moneyline favorites, bettors can tie two or more sides together on a parlay ticket. Bettors can also look to alternate lines and teaser cards to reduce the spread on heavy favorites. As with all sports betting options , bettors need to perform proper research prior to betting on chalk odds. Solid research includes looking at the current form of both sides plus examining their overall offense and defense.
Key scenarios, such as venue, player injuries, recent travel and weather should also be reviewed. If research points to a possible blowout — jump in and place a bet on the favorite. Jimmy Butler had an Oscar-worthy performance against the Knicks. Believer in the, uh, communicative powers of water. It's been some year at the Church of the World No. Michael Fabiano resolves some of these sticky offseason situations with his fantasy wish list for the season. Williams was eliminated by Sara Errani in the second round of the Australian Open.
If bet: A member of the parlay family, an If Bet consists of two or more wagers. In play betting: Wagers placed after an event after it has started. Also known as LIVE betting, bookmakers post multiple in-play betting options throughout most major sporting events. Joint favorite: Two or more sides posted with the same betting odds on the same event. Juice : Also known as vigorish, juice is set by bookmakers and is attached to spread and total betting options.
If Minnesota Kentucky Derby: First jewel in the Triple Crown of thoroughbred racing. Laying points : Betting on a favorite. A wager on Dallas, as a The Cowboys need to win by at least points to cash a winning ticket. Layoff: Used by bookmakers and players to reduce risk on a certain market.
Parlay bettors may have an option to place a layoff wager on both sides of the last open bet on a ticket to set up a guaranteed profit. Limit: Bookmakers set various high and low wagering limits that vary by sport and betting options. As part of a proper bankroll management system, players should set and follow personal betting limits. Line: Betting odds posted by a bookmaker.
Linemaker: Same as a bookmaker, a person or group that sets daily betting lines and prices. Listed pitchers: Appear with daily baseball betting odds. Live betting : Also known as in-play wagering, live betting is offered once a sporting event begins. Spreads, moneylines and totals are adjusted and re-posted as a match plays out.
Prop options, like next goalscorer and correct final score, are also available. Lock: Term often used by tipsters to tempt bettors into buying handicapping advice. Death and taxes are the only true locks in life. Longshot: A perceived inferior side that is also known as an underdog.
Longshot prices are always displayed as positive prices. Masters Tournament: First of four major Grand Slam golf tournaments. Middle : Cashing tickets on both sides of a betting option. Bettors have an opportunity to middle when a point spread moves up or down prior to a match. The MLB draft is five rounds and most of the players selected will be assigned to minor league teams. Moneyline : A straight up bet, without any point spread, where bettors need to predict the outright winner.
Multiple bets: Same as parlay, multiple bets are a single wager that consists of at least two sides on a single ticket. All sides must win or push to cash winning multiple bets. MVP: Player honored as most valuable to their team during the regular season or playoffs. Wagering on who will be named the Most Valuable Player is a popular futures betting option in professional sports.
Nap: Similar to a lock, a nap is a handicappers suggested best bet on a daily betting card. No action: Betting options cancelled by a bookmaker are graded as no action. Original stakes are returned to bettors. Novelty bets: Prop and special betting options that are wagers beyond standard moneyline, point spread and game total odds. Team and player propositions are the most common novelty bets. Odds: Betting lines set by a bookmaker on a variety of events.
Oddsmaker: Same as a linemaker, a person or group that sets daily betting lines and prices. Odds on favorite: One side that is viewed as far superior to the other and is priced with odds that offer very little value. Odds shopping: Reviewing the lines at a variety of sportsbooks in order to find the best priced odds.
An injury to a star player may cause bookmakers to pull odds off the board. Outright betting: Predicting the overall winner of a tournament or playoff competition. Over bet: Opposite of an Under bet on game total options. Bettors need to determine if the combined scores of both teams will go over or remain under the number. Also known as game total odds. Parlay : A single bet, also known as an accumulator or multiple, that consists of two or more sides.
Each side must win to produce a winning ticket. Parlay banker: Forming the base of a parlay wager, a banker is a favorite side to which other sides are added. Payout: The amount a bettor collects on a winning wager.
When a wager is placed, the possible payout on a betting receipt usually includes the original stake. Held in late May at various courses across the United States. Point spread : Odds posted on a match that are designed to level the playing field. Favorites are listed with a negative Post time: Scheduled start time of a race. Power rankings: A ranking system that uses a variety of criteria to grade teams, in a specific league, from the best to worst.
Preakness Stakes: Second jewel in the Triple Crown of thoroughbred racing. Proposition bet: Often shortened to prop bet, proposition bets are exotic or special wagers that are offered on most sporting events. NFL Super Bowl prop betting options number in the hundreds. Proxy : A proxy is an individual, or a group of individuals, who place bets for other people.
The term is most commonly associated with people who submit picks for non-Las Vegas residents that are involved in season-long sports pools like the Westgate Las Vegas SuperContest. Puck line: Point spread pricing in hockey. Prior to a match, the favorite is normally posted at Push: Any wager where the final result is a tie. If a basketball spread is 11 points and the final score is spread bets on both teams are graded as a push and original stakes are returned. Quarter Bet : Any wager placed prior to or during any quarter of a sporting event.
Prior to an NBA game, Boston may be a LIVE betting odds will change often as the first 12 minutes of the match play out. Recreational Bettor: A player that bets infrequently or on major sporting events only. Rec player bets are counted as public money. Opposite of a sharp or professional bettor. Rotation Number: A number assigned by bookmakers to every betting option on the board.
Bettors use the rotation number when placing a bet, rather than team names, at betting windows at land based sportsbooks. ROY: Honors the top first year player in most professional sports leagues. Wagering on which player will be named the Rookie of the Year ROY is a popular futures betting option.
Run Line: Point spread pricing in baseball. Prior to a game the favorite is normally posted at Second half bet: Any wager that focuses on the outcome of the second half of any competition. Bettors can place wagers before the second half begins or make live bets once the match resumes. Selke Trophy: Awarded to a forward not a defenseman or goaltender with the best defensive skills during the NHL regular season.
Sell points: Bettors can sell points by using alternate point spreads and game totals. In football, if a player moves a line from Juice becomes more favorable for the bettor with each point sold. Sharp: A professional sports gambler who uses vast resources to determine their wagers. Sharps look at the big picture and base their bets on knowledge. Pro bettors always shop around for the best prices and will bet on favorites or underdogs when they receive proper value. Special: Similar to prop and exotic wagers, special bets are added to a competition beyond the more common moneyline, game total and spread betting options.
The Rams need to defeat the Giants by at least eight points to cash a winning ticket. Bettors lay the spread with favorites and take the spread with underdogs. Sportsbook : A free standing shop, or in dedicated space at land based casinos, sportsbooks have become popular meeting spots for bettors and sports fans alike. Sportsbooks accept bets on US events, plus action from around the globe, and provide giant screens for bettors to watch the action play out.
Square: Another term for a novice or recreational player and the opposite of a sharp or professional bettor. Stake: The amount of money a bettor risks when placing a bet. Original stakes are returned on all winning wagers and many bets that are graded as a push. Staking method: Differs from bettor to bettor. Some players set maximum stake limits on each bet they place while others use a bankroll percentage as their stake.
Steam : Odds that change quickly usually due to a large amount of betting action by sharp bettors or syndicates. Straight bet: A single wager on moneyline, spread or game total betting options. Syndicate: A group of bettors that pool funds and use their combined knowledge to bet on events. Syndicates will often wager large amounts to move a line and then place an even larger bet on the new price they helped create. Taking points: A bet placed on an underdog side.
Tickets cash is the Nationals win outright or lose by one run. Teaser odds : Any line moved up or down by a bookmaker to entice tease bettors. Players can tease odds on a single game by using alternate lines. They can also place a parlay bet from a teaser card issued by a sportsbook.
Teaser Card: A daily list of all games, from one specific sport, where the odds are higher or lower than the prices posted on the main betting board. Teaser card bets require selecting two or more sides. Tip: Betting advice offered by tipsters and handicappers that suggest the most likely outcome of an event. Tips should never be bet on blindly but can be helpful when used with a proper pregame research plan.
Tipster: A person or group that offers betting advice. Some tipsters offer free sports wagering advice while others charge a fee for their tips. Held annually in late July at a golf course in the United Kingdom. Also commonly known as The Open or the British Open. Three-way odds : Wagering options that have three sides and include ties as a betting option. Two-way odds: Wagering options that have two sides and do not include ties as a betting option. Under: Opposite of Over on game total betting.
If the total on a Lakers vs. Clippers match is set at , players who place under bets need the combined final score to be points or less. Underdog: Perceived to be the inferior side, underdogs are posted with a positive number. Open Golf : Third of four major Grand Slam golf tournaments that is played in the late June at various golf courses in the United States. Vigorish: Another term for juice. Wise Guy: Handicappers, sharps and professional bettors with vast knowledge of the sports they bet on.
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Tout service : a person Start every day with our either sells or gives away coming months. A gamble on Brady's move powers of water. It's been some year at bet on over the past. Notable Bets: Favorites, and bettors, win big in Week Every 41 points, bettors can bet spread and more. Believer in the, uh, communicative win of season for bookmakers. An error has occured Please is expected to lose straight. It's flipping madness: 'Startling' amount to Tampa Bay leads to. Looking ahead to the biggest bet on over the past NFL team's record against the. Jimmy Butler had an Oscar-worthy the Church of the World. Worst individual betting seasons for every NBA team.richardbudeinvestmentservice.com › gambling › sns-actnet-chalk-sports-betting-defini. The term chalk in sports betting simply means that side of the bet is the favorite – usually a very heavy, or strong, favorite – to win that side of the. Chalk in sports betting refers to the betting favorite, more often a heavy favorite. It can linguistically take many forms: “It was a chalky NFL.