Sports Betting Q&A
Frequently asked questions about sports betting

What are some common sport betting slang words / jargon?

Last Updated: Aug 15, 2024
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Fact Checked By: Hunter Hewitt

If you've never bet before, there are likely a lot of words and phrases you've never heard before and even if you have bet before, you may not know the meaning of every saying. Before placing your first wager on a sports betting app or site, take a look at some words you'll hear:

Action – Any wager or having a bet on a game.
Bonus – Funds often acquired through various promotions given by a sportsbook.
Book (sportsbook) – The establishment that accepts wagers (bets) on the outcome of sports events.
Chalk – Favorite
Cover – When the favorite wins by more than the required number of points or when the underdog loses by less than the required number of points (or wins outright).
Dog – Underdog
Futures – Wagers placed in advance on the outcome of an event. For example, you can bet on Super Bowl odds months before the season begins.
Handicapper – A person who studies and wagers on sporting events.
Handle – Total amount of wagers taken
Hold – The percentage amount the sportsbook makes.
Hedging – Betting the opposite team or side of your original wager in order to either try to middle the game, or to reduce the downside exposure of the original wager.
Hook – A half point
Juice – A commission which is built into the line offerings, also known as "vig" or "vigorish."
Laying Points – To bet the favorite by giving up points.
Laying the Price – To bet the favorite by laying moneyline odds.
Limit – The maximum wager accepted by the sportsbook on a particular line offering.
Line – The current odds or point spread offered on a particular game.
Linesmaker (Oddsmaker) – A person who subjectively establishes the probability of one team defeating another and by how many points. A person who creates the line or point spread.
Long shot – A team that is unlikely to win.
Moneyline bet – A bet on the straight-up winner of a game, underdog or favorite.
Off the board – A game in which the sportsbook is not accepting any wagers.
Overlay – The odds of a particular wagering proposition are higher than they should be. Over/Under (total) bet – A type of wager that applies to the score/points in a given contest.
Parlay – When you combine straight bets to increase payout. All selections must win for the bet to win.
Pick 'em – Neither team is favored, meaning the game is considered a toss-up for betting purposes.
Price – Line or odds
Prop bet – A wager on a specific event happening or not happening in a game. Eg: Will Player X record a touchdown? Yes +130 / No -150
Rollover – The required amount of real money wagers a player has to accumulate after they have accepted a bonus from a sportsbook in order to qualify for a withdrawal.
Round-Robin – A method of parlaying two or more teams in all possible team parlay combinations. For example, a three-team round robin of ABC can produce three separate two-team parlays: AB, AC and BC. 
Spread bet – A bet on the forecasted point differential between two teams. A minus (-) indicates the favorite and a plus (+) is the underdog.
Teaser – When you alter the spreads or totals in a parlay for a better chance of winning your combined bet.
 

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A futures bet is a bet on a future event, usually before a season starts.
Yes. Where legal, the Super Bowl is one of the most popular sporting events to bet on in the world, if not the most popular.
A hedge is a method to reduce risk and secure winnings for a specified bet.
Vig, or vigorish, is the cut or amount charged by a sportsbook for taking a bet, also known as juice.
Yes. Tennessee sports betting was legalized in 2019 and launched in 2020.
Yes. Sports betting is legal in North Carolina, but it will be fully operational on March 11, 2024, with pre-registration beginning on March 1, 2024.
Pennsylvania passed legislation to allow sports betting in 2017 and sportsbooks began taking bets in 2019.
Yes. Indiana passed a bill to allow sports betting in 2019 and wagering started in October with online betting opening a couple months later.
Yes, sports betting is legal in the state of Ohio.
Yes. Sports betting is legal and regulated in Arizona as of football season in 2021.
Yes. Pennsylvania passed legislation to allow sports betting in 2017 and sportsbooks began taking bets in 2019.
Yes. Michigan passed legislation to allow sports betting in December 2019 and the first physical sportsbooks opened in March 2020.
Yes, sports betting is live in Massachusetts.
Yes, sports betting is legal in Maryland. It launched on November 23, 2022.
Sports betting is legal in Ohio, and takes bets as of January 1, 2023.
Yes. Sports betting is legal in Virginia and residents began betting via FanDuel in January 2021.
NFL Week 1 odds came out on all the best sportsbooks following the release of the 2024-25 NFL schedule in May.
Yes. Colorado legalized in-person and mobile sports betting in November 2019.
Yes. New Jersey was one of the first states to legalize sports betting and online wagering after the 2018 Supreme Court decision.
Yes, FanDuel pays out real money. Whether you use the DFS portion of the website, sportsbook, or online casino, you will be paid out in real money.
Yes. Illinois passed sports betting legislature in 2019 and launched at legal sportsbooks in March 2020.
Yes. Sports betting can be a career if you make it your full-time job and put in the hours.
Bonus bets in sports betting are often connected to deposits and are also referred to as bonuses.
The plus (+) and minus (-) in sports betting can refer to either the point spread or betting odds.
FanDuel Sportsbook is legal in 22 states. These states are AZ, CO, CT, IL, IN, IA, KS, KY, LA, MA, MD, MI, NC, NJ, NY, OH, PA, TN, VA, VT, WV, WY.