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Favorite/Favourite - The team or individual the sportsbooks rate most likely to win that contest or event. Typically it has the most money bet on it.
Field - 1) All the individual competitors in an event. 2) Odds offered on non listed (outsiders) players or teams collectively called the Field.
Fixed Game - A game in which one or more participants willfully manipulate the final outcome of a game.
Fixed Odds - Your dividend is fixed at the odds when you placed your bet. No matter how much the odds fluctuate the odds at the time you placed your bet are fixed and written on the ticket. Your dividend for winning is paid at the value stated on your ticket, no matter what happens after you have placed your bet.
Flag - A bet consisting of 23 bets (a 'Yankee' plus 6 'Single Stakes About' bets in pairs) on 4 selections in different event.
Flash (US) - Change of odds information on tote board.
Flea - An annoying person who wants something for nothing. One who expects to be comped for a small wager.
Fold - When preceded by a number, a fold indicates the number of selections in an accumulator (e.g. 5-Fold = 5 selections).
Forecast - A wager that involves correctly predicting the 1st and 2nd for a particular event. This bet can be straight, reversed or permed. (USA, Perfecta or Exacta).
Full Cover - All the doubles, trebles and accumulators involved in a given number of selections.
Futures - (Also, Ante Post) Bets placed in advance predicting the outcome of a future event.
Goliath - A goliath is a multiple bet consisting of 247 bets involving 8 selections in different events. The multiple bet breakdown is 28 doubles, 56 trebles, 70x4-folds, 56x5-folds, 28x6-folds, 8x7-folds and one 8-fold.
Grand - GBP£ 1,000 (also known as a Big'un).
Grand Salami - A slang word for the over/under total for the combined score of all the hockey contests on the schedule for that day.
Grand Slam - The four major tennis tournaments Wimbledon, Australian Open, French Open, U.S. Open. Also the four major golf tournaments The Masters, U.S. Open, British Open, PGA Championship (Professional Golf Association). Also in baseball, a homerun with the bases loaded, scoring four runs.
Handicap - Spread.
Hang Cheng - The Asian equivalent for 'Point Spread'.
Heinz - A Heinz is a multiple bet consisting of 57 bets involving 6 selections in different events. The multiple bet breakdown is 15 doubles, 20 trebles, 15x4-folds, 6x5-folds and one 6-fold.
Home Field Advantage - Edge the home team is expected to have as a result of familiarity with the playing area, favorable demographics and effect of travel on the visiting team.
Hoops - Slang word used to indicate the game of basketball.
IBF - International Boxing Federation.
In and Out Teaser (See also "Teaser" below) - An "in and out teaser" is when the player picks the favorite, underdog, over and under of the same game. For example: NY +3 1/2, Dallas -3 1/2. An in and out teaser would have a player take both NY and Dallas, and tease both, to increase the odds of winning the wager. So, if you teased both teams by 7 points, you would have: NY +10 1/2, Dallas +3 1/2. So long as the spread is covered, your wager will be a win.
Index Betting - Spread betting.
In The Red - Odds on.
Joint Favorites - When a sportsbook or bookmaker cannot split two teams for favoritism, they may both be joint favorites.
Jolly - Bookmakers slang for 'Favorite/Favourite'.
Juice - The bookmaker's commission, also known as vigorish or vig.
Kite - UK slang for a cheque ('Check' in the US).
Lay a Bet - A bookie accepting a bet.
Layer - Another term for Bookie.
Layoff - A bookmaker's bet with another bookmaker made in order to help equalize the excess action he has accepted from his customers.
LBO - Acronym for 'Licensed Betting Office' in the UK.
Lengthen - The opposite of 'Shorten'. Referred to odds getting longer, that is, more attractive to the bettor.
Lines - Odds offered to the punter.
Linemaker - One who compiles or sets the original or subsequent betting lines.
Lock - (As in 'Banker') US term for an almost certain winner. Easy winner.
Long Odds - Generally greater than 10:1.
Lucky 15 - A Lucky 15 consists of 15 bets involving 4 selections in different events, i.e. 4 singles, 6 doubles, 4 trebles, and 1 fourfold. As a consolation if you only have one winner it will be paid at double the odds. If you get all four winners, a 10% bonus will be added to your returns.
Lucky 31 - A Lucky 31 consists of 31 bets involving 5 selections in different events, i.e. 5 singles, 10 doubles, 10 trebles, 5 four-folds plus 1 five-fold. . As a consolation if you only have one winner it will be paid at double the odds. If you get all five winners, a 20% bonus will be added to your returns.
Lucky 63 - A Lucky 63 consists of 63 bets involving 6 selections in different events, i.e. 6 singles, 15 doubles, 20 trebles, 15 four-folds, 6 five-folds and 1 six-fold. As a consolation if you only have one winner it will be paid at double the odds. If you get all six winners, a 25% bonus will be added to your returns.
Margin - The amount a competitor in an event finishes in front of another competitor.
MLB - Major League Baseball.
Money Line - (Also, Action Line or Spread Betting) The amount that must be wagered to win $100, or the amount won for a $100 wager.
Multiples - See 'Accumulator'.
MVP - Most Valuable Player.
Nap - A newspaper corrospondents best bet of the day. Reputed to stand for 'Napoleon'.
NBA - National Basketball Association.
NCAA - National Collegiate Athletic Association.
NFL - National Football League.
NHL - National Hockey League.
Nickel - A $500 wager.
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