Bookies Closing Down
2021年4月20日Register here: http://gg.gg/p3wep
*Betting Shop Closing Down
*William Hill Closing Down
*Bookies Closing Down 2020
*Bookies Closing Down
* in Betting by Amy
*|
Closing line: The final line. Usually used with bookies; if you bet ’a nickel,’ that means a $500 wager. When a book or bookie has taken a bet down and is no longer accepting action. Wednesday is the busiest day, just before closing is the best hour to do your shop in terms of how quiet it is and both the period around 3pm and then 6pm are busiest. Read More Related Articles. “G Force’s win last autumn came after I opened a new account with Sportingbet solely in order to back the horse at 25-1, when other bookies were offering just 16-1. When that punt was duly landed, my new account was effectively closed overnight after just two £50 bets –.
A common complaint from successful punters is that bookmakers close or limit their accounts.You spend all your time perfecting your betting skills, and then you’re barred for using them. Is it really worth the effort?!The answer, I’m sure you’ll be pleased to hear, is a resounding YES! There is no good reason why you should get your accounts closed or limited by the bookies if you follow these simple rules.
Betting very precise amounts (e.g. £46.56) will mark you out very quickly as an arber or a matched bettor and most bookies don’t like those people!This is because they really want to attract so-called ’mug punters’ who are happy to take random punts in a spontaneous way and who traditionally lose money hand over fist.In contrast, arbing and matched betting suggests you are aiming to milk the bookies in a systematic way. And frankly they could do without the aggravation, as life is too short and these days their margins are paper-thin.If you’re arbing, use calculation software that works out rounded stakes or use a system like SkewTrader Pro, which is designed to work with round stakes.Only bet pounds not pence, and stick to sums ending with a ’0’ or a ’5’.2. Use the Basic ’Fake-a-Loss’ Technique
It may seem like stating the obvious, but bookies don’t like winners.You therefore have to think about how to fake losses effectively, with the classic way of doing so being to (a) back an event at the bookies (e.g. Lucky Ned to win), (b) lay the same event off at Betfair (Lucky Ned not to win), then (c) hope that the event doesn’t happen (e.g. Lucky Ned falls at the first).This approach can often work but may prove expensive or back-fire entirely and get you shut down. In particular, things can go wrong if you’re tempted to back-and-lay longshots to ’make sure’ you lose, as longshots are often only available at much longer prices on Betfair than they are at your bookmakers.So if you back Lucky Ned at 30, you might be offered lay odds on Betfair of 40 or 50. Such an arb could cost you up to £400 on a £20 stake if the Law of Sod kicks in, and Lucky Ned comes home in front.This, in my opinion, is way too much stress for the pleasure of making your bookie twenty quid richer. With the punchline being that, if your longshot wins, your bookie will probably close down your account anyway.This will follow as night follows day, if you’ve been taking money off him prior to the race. He’ll now figure you’ve moved on to successfully backing rank outsiders and are therefore not worth the trouble.There is also the additional cost of Betfair commission to factor into your lay bet, so you may end up locking in a loss no matter what. Arbs that are guaranteed to lose, and in some cases lose you a lot, are an unnecessary price to pay for making your bookie smile; so my advice is to use this approach with caution.So instead, here is a more sophisticated way to manage your bookmaker accounts...
Keep records of where you are with each bookie.I keep records of bookie balances in my bookmaker passwords file (it’s only 1 row per bookie so it’s really not onerous), and then I track whether I am up or down this week with each of them.This should be easy if you’ve been recording all your bets (which you have been doing, right?).Obviously, if you’ve lost money at a given bookies this week, no further action is required, but if you’re up, review your progress over the last month and quarter. If I am ahead across all three periods, I will take action (see below).But if I’m only ahead at a given bookies over any one or two of these periods, I will usually decide to ‘rest’ him, and switch to the accounts I’m losing money with. There is usually no need to fake losses if you’re managing your bookmaker accounts carefully.When arbing there are always some accounts that, by chance, end up ahead, with others falling behind. The obvious long-term goal is to take your profits in Betfair, but you can give the natural cycling of bookie balances a helping hand simply by leaving successful accounts alone for a bit.In my experience, this actually only means resting two or three accounts at a time when I’m arbing (as of course bookie odds are designed to help the bookie profit over time, via the over-round, so usually the majority of accounts end up overdrawn).
But what do you do if you are still ahead at a particular bookie over the last week, month and quarter? Well, after kicking yourself for not resting the account earlier, try this...Betting Shop Closing Down4. Back-and-Lay Short-Priced Selections Until You Lose Enough Money
This approach may sound counter-intuitive (as you will worry that favourites will win), but it is actually a sure-fire way of making losses on your bookmaker account.After all, the bookies make the bulk of their profits by laying favourites, so it shouldn’t be hard to lose to them by blindly backing anything in the required range. Plus, if you’re backing favourites or second favourites, you are going to look like the mug punter they so want you to be. And if your short-priced punt does come home in front, you’re likely to win such small amounts (relative to your stake) that your bookie is likely to let matters run, sure in the knowledge that your mug punter behaviour will soon find you out.Now I know what you are thinking – haven’t we, in step 2, questioned the value of backing-and-laying on account of (a) the odds disparities between the bookies and Betfair, and (b) the Betfair commission issue?Well yes, but Betfair rarely offers long lay prices on favourites. All you do is use a site like Oddschecker, combined with a separate Betfair window, and find back-and-lay options where the lay odds at Betfair are equal to the backing odds at the bookies. Then lay your horse/team/whatever at Betfair for the same (or lower) odds as those on offer at the bookmakers, for a sum equal to the backing stake.If your selection wins, you will finish level, or possibly even ahead if you got better odds at the bookies. And if it loses, you will be down by the amount of your Betfair commission: typically £2.50 on a £50 stake, which is, I feel, a price worth paying to put the smile back on a long-suffering bookmaker’s face!That said, if you follow the guidance in my FREE ’How to Make £1,000 per Month from Betting’ eBook, you should even be able to make money from your short-priced arbs. Which in turn makes the whole thing that little bit more pleasurable!5. Avoid Moving Money in and out of Your Accounts as Much as Possible
I can’t stress this enough. Bookies incur quite significant banking costs (that thankfully they don’t usually pass on to you) if you use bank cards.If they are already having doubts about your account, there is nothing quite like a whole pile of bank fees to tip them over the edge.Just because you don’t see this cost doesn’t mean it doesn’t matter to them. Remember – bookies’ margins are wafer-thin, so naturally they are tracking this stuff.A really good way of getting accounts limited is to open an email about a reload offer, make a debit card deposit, milk the offer, then withdraw all your money again. Please don’t do this! Instead, focus on the long game.
This follows from point 5. Save your bookie bank charges and he will smile on you. Moreover, he will let you make much quicker withdrawals, so your bankroll can be turned over more quickly.Everybody’s happy!7. Use Arb-Friendly Bookies
No article on this subject would be complete without a plug for Pinnacle. This bookie is a punter’s dream. They offer great odds, openly welcome arbers, and, as far as I’m aware, have never closed down a soul.The only reason you’ve probably never heard of them is that they don’t waste money on marketing (or, by the look of it, on web design!) and famously don’t bother with expensive sign-up offers.They genuinely are in a class of their own and should be on your radar.
Note: Pinnacle is not currently available to UK punters, but in 2017 they announced that they hope to return soon. We’re still waiting!8. Use a System that Allows You to Bet at Modest Stakes
Arbing is all very well but if you are placing £200 bets on League Two football matches in order to drive out £2.70 worth of profit, it won’t be that long before your bookie limits you.It would be better to place four arbs of £50 across a whole range of bookies, so the risk of unwanted attention is reduced.I developed SkewTrader Pro effectively to ’widen the gap’ between the back and lay sides of the arb, thereby allowing you to make enhanced profits at lower stakes. It comes with plenty of strategy options to help you get more value from modest trades.
Spread your bets around, using the techniques in my FREE ’How to Make £1,000 per Month from Betting’ eBook and open lots of bookie accounts (OddsMonkey is the perfect way to do it).After that, adopt an organised approach to bookmaker management.Having an account closed can happen to any of us (sometimes the bookies simply do random things!) but it usually isn’t inevitable. You simply need to plan ahead to minimise the chance of it happening.
Action: Having a wager on a game.
ATS (’against the [point] spread’): If a team is 5-2 ATS, it means it has a 5-2 record against the point spread, or more commonly referred to simply as the ’spread.’
Backdoor cover: When a team scores points at the end of a game to cover the spread unexpectedly.
Bad beat: Losing a bet you should have won. It’s especially used when the betting result is decided late in the game to change the side that covers the spread. Also used in poker, such as when a player way ahead in the expected win percentage loses on the river (last card).
Beard: Someone who places a wager for another person (aka ’runner’).
Book: Short for sportsbook or bookmaker; person or establishment that takes bets from customers.
Bookie: A person who accepts bets illegally and charges vig.
Buying points: Some bookies or sportsbooks will allow customers to alter the set line and then adjust odds. For example, a bettor might decide he wants to have his team as a 3-point underdog instead of the set line of 2.5. He has then ’bought’ half a point, and the odds of his bet will be changed.
Chalk: The favorite in the game. People said to be ’chalk’ bettors typically bet the favorite.
Circle game: A game for which the betting limits are lowered, usually because of injuries and/or weather.
Closing line: The final line before the game or event begins.
Consensus pick: Derived from data accumulated from a variety of sportsbooks in PickCenter. The pick, and its percentage, provides insight as to what side the public is taking in a game.
Cover: The betting result on a point-spread wager. For a favorite to cover, it has to win by more than the spread; an underdog covers by winning outright or losing by less than the spread.
Dime: Jargon for a $1,000 bet. If you bet ’three dimes,’ that means a $3,000 wager.
’Dog: Short for underdog.
Dollar: Jargon for a $100 bet. Usually used with bookies; if you bet ’five dollars,’ that means a $500 wager.
Edge: An advantage. Sports bettors might feel they have an edge on a book if they think its lines aren’t accurate.
Even money: Odds that are considered 50-50. You put up $1 to win $1.
Exotic: Any wager other than a straight bet or parlay; can also be called a ’prop’ or ’proposition wager.’
Favorite: The expected straight-up winner in a game or event. Depending on the sport, the favorite will lay either odds or points. For example, in a football game, if a team is a 2.5-point favorite, it will have to win by three points or more to be an ATS winner.
Fixed: A participant in a particular game who alters the result of that game or match to a completely or partially predetermined result. The participant did not play honestly or fairly because of an undue outside influence.
Futures bet: A long-term wager that typically relates to a team’s season-long success. Common futures bets include betting a team to win a championship at the outset of a season, or betting whether the team will win or lose more games than a set line at the start of the season.
Halftime bet: A bet made after the first half ended and before the second half begins (football and basketball primarily). The oddsmaker generally starts with half of the game side/total and adjusts based on what happened in the first half.
Handicapper: A person trying to predict the winners of an event.
Handle: The amount of money taken by a book on an event or the total amount of money wagered.
Hedging: Betting the opposing side of your original bet, to either ensure some profit or minimize potential loss. This is typically done with futures bets, but can also be done on individual games with halftime bets or in-game wagering.
High roller: A high-stakes gambler.
Hook: A half-point. If a team is a 7.5-point favorite, it is said to be ’laying seven and a hook.’
In-game wagering: A service offered by books in which bettors can place multiple bets in real time, as the game is occurring.
Juice: The commission the bookie or bookmaker takes. Standard is 10 percent. Also called the ’vig/vigorish.’
Layoff: Money bet by a sportsbook with another sportsbook or bookmaker to reduce that book’s liability.
Limit: The maximum bet taken by a book. If a book has a $10,000 limit, it’ll take that bet but the book will then decide whether it’s going to adjust the line before the bettor can bet again.
Lock: A guaranteed win in the eyes of the person who made the wager.
Middle: When a line moves, a bettor can try to ’middle’ a wager and win both sides with minimal risk. Suppose a bettor bets one team as a 2.5-point favorite, then the line moves to 3.5 points. She can then bet the opposite team at 3.5 and hope the favorite wins by three points. She would then win both sides of the bet.
Money line (noun), money-line (modifier): A bet in which your team only needs to win. The point spread is replaced by odds.
Mush: A bettor or gambler who is considered to be bad luck.William Hill Closing Down
Nickel: Jargon for a $500 bet. Usually used with bookies; if you bet ’a nickel,’ that means a $500 wager.
Oddsmaker (also linemaker): The person who sets the odds. Some people use it synonymous with ’bookmaker’ and often the same person will perform the role at a given book, but it can be separate if the oddsmaker is just setting the lines for the people who will eventually book the bets.
Off the board: When a book or bookie has taken a bet down and is no longer accepting action or wagers on the game. This can happen if there is a late injury or some uncertainty regarding who will be participating.
Over/under: A term that can be used to describe the total combined points in a game (the Ravens-Steelers over/under is 40 points) or the number of games a team will win in a season (the Broncos’ over/under win total is 11.5). Also used in prop bets.
Parlay: A wager in which multiple teams are bet, either against the spread or on the money line. For the wager to win (or pay out), all of them must cover/win. The more teams you bet, the greater the odds.
Pick ’em: A game with no favorite or underdog. The point spread is zero, and the winner of the game is also the spread winner.
Point spread (or just ’spread’): The number of points by which the supposed better team is favored over the underdog.Bookies Closing Down 2020
Proposition (or prop) bet: A special or exotic wager that’s not normally on the betting board, such as which team will score first or how many yards a player will gain. Sometimes called a ’game within a game.’ These are especially popular on major events, with the Super Bowl being the ultimate prop betting event.
Push: When a result lands on the betting number and all wagers are refunded. For example, a 3-point favorite wins by exactly three points. Return on investment (ROI): In PickCenter, ROI is the amount (according to numberFire) that a bettor should expect to get back on a spread pick.
Runner: Someone who makes bets for another person (aka ’beard’).
Sharp: A professional, sophisticated sports bettor.
Spread: Short for point spread.
Square: A casual gambler. Someone who typically isn’t using sophisticated reasoning to make a wager.
Steam: When a line is moving unusually fast. It can be a result of a group or syndicate of bettors all getting their bets in at the same time. It can also occur when a respected handicapper gives a bet his followers all jump on, or based on people reacting to news such as an injury or weather conditions.
Straight up: The expected outright winner of the money line in an event or game, not contingent on the point spread.Bookies Closing Down
Teaser: Betting multiple teams and adjusting the point spread in all the games in the bettor’s favor. All games have to be picked correctly to win the wager.
Total: The perceived expected point, run or goal total in a game. For example, in a football game, if the total is 41 points, bettors can bet ’over’ or ’under’ on that perceived total.
Tout (service): a person (or group of people) who either sells or gives away picks on games or events.
Underdog: The team that is expected to lose straight up. You can either bet that the team will lose by less than the predicted amount (ATS), or get better than even-money odds that it will win the game outright. For example, if a team is a 2-1 underdog, you can bet $100 that the team will win. If it wins, you win $200 plus receive your original $100 wager back.
Vig/vigorish: The commission the bookie or bookmaker takes; also called the ’juice.’ Standard is 10 percent.
Wager: A bet.
Welch: To not pay off a losing bet.
Wiseguy: A professional bettor. Another term for a ’sharp.’
Register here: http://gg.gg/p3wep
https://diarynote.indered.space
*Betting Shop Closing Down
*William Hill Closing Down
*Bookies Closing Down 2020
*Bookies Closing Down
* in Betting by Amy
*|
Closing line: The final line. Usually used with bookies; if you bet ’a nickel,’ that means a $500 wager. When a book or bookie has taken a bet down and is no longer accepting action. Wednesday is the busiest day, just before closing is the best hour to do your shop in terms of how quiet it is and both the period around 3pm and then 6pm are busiest. Read More Related Articles. “G Force’s win last autumn came after I opened a new account with Sportingbet solely in order to back the horse at 25-1, when other bookies were offering just 16-1. When that punt was duly landed, my new account was effectively closed overnight after just two £50 bets –.
A common complaint from successful punters is that bookmakers close or limit their accounts.You spend all your time perfecting your betting skills, and then you’re barred for using them. Is it really worth the effort?!The answer, I’m sure you’ll be pleased to hear, is a resounding YES! There is no good reason why you should get your accounts closed or limited by the bookies if you follow these simple rules.
Betting very precise amounts (e.g. £46.56) will mark you out very quickly as an arber or a matched bettor and most bookies don’t like those people!This is because they really want to attract so-called ’mug punters’ who are happy to take random punts in a spontaneous way and who traditionally lose money hand over fist.In contrast, arbing and matched betting suggests you are aiming to milk the bookies in a systematic way. And frankly they could do without the aggravation, as life is too short and these days their margins are paper-thin.If you’re arbing, use calculation software that works out rounded stakes or use a system like SkewTrader Pro, which is designed to work with round stakes.Only bet pounds not pence, and stick to sums ending with a ’0’ or a ’5’.2. Use the Basic ’Fake-a-Loss’ Technique
It may seem like stating the obvious, but bookies don’t like winners.You therefore have to think about how to fake losses effectively, with the classic way of doing so being to (a) back an event at the bookies (e.g. Lucky Ned to win), (b) lay the same event off at Betfair (Lucky Ned not to win), then (c) hope that the event doesn’t happen (e.g. Lucky Ned falls at the first).This approach can often work but may prove expensive or back-fire entirely and get you shut down. In particular, things can go wrong if you’re tempted to back-and-lay longshots to ’make sure’ you lose, as longshots are often only available at much longer prices on Betfair than they are at your bookmakers.So if you back Lucky Ned at 30, you might be offered lay odds on Betfair of 40 or 50. Such an arb could cost you up to £400 on a £20 stake if the Law of Sod kicks in, and Lucky Ned comes home in front.This, in my opinion, is way too much stress for the pleasure of making your bookie twenty quid richer. With the punchline being that, if your longshot wins, your bookie will probably close down your account anyway.This will follow as night follows day, if you’ve been taking money off him prior to the race. He’ll now figure you’ve moved on to successfully backing rank outsiders and are therefore not worth the trouble.There is also the additional cost of Betfair commission to factor into your lay bet, so you may end up locking in a loss no matter what. Arbs that are guaranteed to lose, and in some cases lose you a lot, are an unnecessary price to pay for making your bookie smile; so my advice is to use this approach with caution.So instead, here is a more sophisticated way to manage your bookmaker accounts...
Keep records of where you are with each bookie.I keep records of bookie balances in my bookmaker passwords file (it’s only 1 row per bookie so it’s really not onerous), and then I track whether I am up or down this week with each of them.This should be easy if you’ve been recording all your bets (which you have been doing, right?).Obviously, if you’ve lost money at a given bookies this week, no further action is required, but if you’re up, review your progress over the last month and quarter. If I am ahead across all three periods, I will take action (see below).But if I’m only ahead at a given bookies over any one or two of these periods, I will usually decide to ‘rest’ him, and switch to the accounts I’m losing money with. There is usually no need to fake losses if you’re managing your bookmaker accounts carefully.When arbing there are always some accounts that, by chance, end up ahead, with others falling behind. The obvious long-term goal is to take your profits in Betfair, but you can give the natural cycling of bookie balances a helping hand simply by leaving successful accounts alone for a bit.In my experience, this actually only means resting two or three accounts at a time when I’m arbing (as of course bookie odds are designed to help the bookie profit over time, via the over-round, so usually the majority of accounts end up overdrawn).
But what do you do if you are still ahead at a particular bookie over the last week, month and quarter? Well, after kicking yourself for not resting the account earlier, try this...Betting Shop Closing Down4. Back-and-Lay Short-Priced Selections Until You Lose Enough Money
This approach may sound counter-intuitive (as you will worry that favourites will win), but it is actually a sure-fire way of making losses on your bookmaker account.After all, the bookies make the bulk of their profits by laying favourites, so it shouldn’t be hard to lose to them by blindly backing anything in the required range. Plus, if you’re backing favourites or second favourites, you are going to look like the mug punter they so want you to be. And if your short-priced punt does come home in front, you’re likely to win such small amounts (relative to your stake) that your bookie is likely to let matters run, sure in the knowledge that your mug punter behaviour will soon find you out.Now I know what you are thinking – haven’t we, in step 2, questioned the value of backing-and-laying on account of (a) the odds disparities between the bookies and Betfair, and (b) the Betfair commission issue?Well yes, but Betfair rarely offers long lay prices on favourites. All you do is use a site like Oddschecker, combined with a separate Betfair window, and find back-and-lay options where the lay odds at Betfair are equal to the backing odds at the bookies. Then lay your horse/team/whatever at Betfair for the same (or lower) odds as those on offer at the bookmakers, for a sum equal to the backing stake.If your selection wins, you will finish level, or possibly even ahead if you got better odds at the bookies. And if it loses, you will be down by the amount of your Betfair commission: typically £2.50 on a £50 stake, which is, I feel, a price worth paying to put the smile back on a long-suffering bookmaker’s face!That said, if you follow the guidance in my FREE ’How to Make £1,000 per Month from Betting’ eBook, you should even be able to make money from your short-priced arbs. Which in turn makes the whole thing that little bit more pleasurable!5. Avoid Moving Money in and out of Your Accounts as Much as Possible
I can’t stress this enough. Bookies incur quite significant banking costs (that thankfully they don’t usually pass on to you) if you use bank cards.If they are already having doubts about your account, there is nothing quite like a whole pile of bank fees to tip them over the edge.Just because you don’t see this cost doesn’t mean it doesn’t matter to them. Remember – bookies’ margins are wafer-thin, so naturally they are tracking this stuff.A really good way of getting accounts limited is to open an email about a reload offer, make a debit card deposit, milk the offer, then withdraw all your money again. Please don’t do this! Instead, focus on the long game.
This follows from point 5. Save your bookie bank charges and he will smile on you. Moreover, he will let you make much quicker withdrawals, so your bankroll can be turned over more quickly.Everybody’s happy!7. Use Arb-Friendly Bookies
No article on this subject would be complete without a plug for Pinnacle. This bookie is a punter’s dream. They offer great odds, openly welcome arbers, and, as far as I’m aware, have never closed down a soul.The only reason you’ve probably never heard of them is that they don’t waste money on marketing (or, by the look of it, on web design!) and famously don’t bother with expensive sign-up offers.They genuinely are in a class of their own and should be on your radar.
Note: Pinnacle is not currently available to UK punters, but in 2017 they announced that they hope to return soon. We’re still waiting!8. Use a System that Allows You to Bet at Modest Stakes
Arbing is all very well but if you are placing £200 bets on League Two football matches in order to drive out £2.70 worth of profit, it won’t be that long before your bookie limits you.It would be better to place four arbs of £50 across a whole range of bookies, so the risk of unwanted attention is reduced.I developed SkewTrader Pro effectively to ’widen the gap’ between the back and lay sides of the arb, thereby allowing you to make enhanced profits at lower stakes. It comes with plenty of strategy options to help you get more value from modest trades.
Spread your bets around, using the techniques in my FREE ’How to Make £1,000 per Month from Betting’ eBook and open lots of bookie accounts (OddsMonkey is the perfect way to do it).After that, adopt an organised approach to bookmaker management.Having an account closed can happen to any of us (sometimes the bookies simply do random things!) but it usually isn’t inevitable. You simply need to plan ahead to minimise the chance of it happening.
Action: Having a wager on a game.
ATS (’against the [point] spread’): If a team is 5-2 ATS, it means it has a 5-2 record against the point spread, or more commonly referred to simply as the ’spread.’
Backdoor cover: When a team scores points at the end of a game to cover the spread unexpectedly.
Bad beat: Losing a bet you should have won. It’s especially used when the betting result is decided late in the game to change the side that covers the spread. Also used in poker, such as when a player way ahead in the expected win percentage loses on the river (last card).
Beard: Someone who places a wager for another person (aka ’runner’).
Book: Short for sportsbook or bookmaker; person or establishment that takes bets from customers.
Bookie: A person who accepts bets illegally and charges vig.
Buying points: Some bookies or sportsbooks will allow customers to alter the set line and then adjust odds. For example, a bettor might decide he wants to have his team as a 3-point underdog instead of the set line of 2.5. He has then ’bought’ half a point, and the odds of his bet will be changed.
Chalk: The favorite in the game. People said to be ’chalk’ bettors typically bet the favorite.
Circle game: A game for which the betting limits are lowered, usually because of injuries and/or weather.
Closing line: The final line before the game or event begins.
Consensus pick: Derived from data accumulated from a variety of sportsbooks in PickCenter. The pick, and its percentage, provides insight as to what side the public is taking in a game.
Cover: The betting result on a point-spread wager. For a favorite to cover, it has to win by more than the spread; an underdog covers by winning outright or losing by less than the spread.
Dime: Jargon for a $1,000 bet. If you bet ’three dimes,’ that means a $3,000 wager.
’Dog: Short for underdog.
Dollar: Jargon for a $100 bet. Usually used with bookies; if you bet ’five dollars,’ that means a $500 wager.
Edge: An advantage. Sports bettors might feel they have an edge on a book if they think its lines aren’t accurate.
Even money: Odds that are considered 50-50. You put up $1 to win $1.
Exotic: Any wager other than a straight bet or parlay; can also be called a ’prop’ or ’proposition wager.’
Favorite: The expected straight-up winner in a game or event. Depending on the sport, the favorite will lay either odds or points. For example, in a football game, if a team is a 2.5-point favorite, it will have to win by three points or more to be an ATS winner.
Fixed: A participant in a particular game who alters the result of that game or match to a completely or partially predetermined result. The participant did not play honestly or fairly because of an undue outside influence.
Futures bet: A long-term wager that typically relates to a team’s season-long success. Common futures bets include betting a team to win a championship at the outset of a season, or betting whether the team will win or lose more games than a set line at the start of the season.
Halftime bet: A bet made after the first half ended and before the second half begins (football and basketball primarily). The oddsmaker generally starts with half of the game side/total and adjusts based on what happened in the first half.
Handicapper: A person trying to predict the winners of an event.
Handle: The amount of money taken by a book on an event or the total amount of money wagered.
Hedging: Betting the opposing side of your original bet, to either ensure some profit or minimize potential loss. This is typically done with futures bets, but can also be done on individual games with halftime bets or in-game wagering.
High roller: A high-stakes gambler.
Hook: A half-point. If a team is a 7.5-point favorite, it is said to be ’laying seven and a hook.’
In-game wagering: A service offered by books in which bettors can place multiple bets in real time, as the game is occurring.
Juice: The commission the bookie or bookmaker takes. Standard is 10 percent. Also called the ’vig/vigorish.’
Layoff: Money bet by a sportsbook with another sportsbook or bookmaker to reduce that book’s liability.
Limit: The maximum bet taken by a book. If a book has a $10,000 limit, it’ll take that bet but the book will then decide whether it’s going to adjust the line before the bettor can bet again.
Lock: A guaranteed win in the eyes of the person who made the wager.
Middle: When a line moves, a bettor can try to ’middle’ a wager and win both sides with minimal risk. Suppose a bettor bets one team as a 2.5-point favorite, then the line moves to 3.5 points. She can then bet the opposite team at 3.5 and hope the favorite wins by three points. She would then win both sides of the bet.
Money line (noun), money-line (modifier): A bet in which your team only needs to win. The point spread is replaced by odds.
Mush: A bettor or gambler who is considered to be bad luck.William Hill Closing Down
Nickel: Jargon for a $500 bet. Usually used with bookies; if you bet ’a nickel,’ that means a $500 wager.
Oddsmaker (also linemaker): The person who sets the odds. Some people use it synonymous with ’bookmaker’ and often the same person will perform the role at a given book, but it can be separate if the oddsmaker is just setting the lines for the people who will eventually book the bets.
Off the board: When a book or bookie has taken a bet down and is no longer accepting action or wagers on the game. This can happen if there is a late injury or some uncertainty regarding who will be participating.
Over/under: A term that can be used to describe the total combined points in a game (the Ravens-Steelers over/under is 40 points) or the number of games a team will win in a season (the Broncos’ over/under win total is 11.5). Also used in prop bets.
Parlay: A wager in which multiple teams are bet, either against the spread or on the money line. For the wager to win (or pay out), all of them must cover/win. The more teams you bet, the greater the odds.
Pick ’em: A game with no favorite or underdog. The point spread is zero, and the winner of the game is also the spread winner.
Point spread (or just ’spread’): The number of points by which the supposed better team is favored over the underdog.Bookies Closing Down 2020
Proposition (or prop) bet: A special or exotic wager that’s not normally on the betting board, such as which team will score first or how many yards a player will gain. Sometimes called a ’game within a game.’ These are especially popular on major events, with the Super Bowl being the ultimate prop betting event.
Push: When a result lands on the betting number and all wagers are refunded. For example, a 3-point favorite wins by exactly three points. Return on investment (ROI): In PickCenter, ROI is the amount (according to numberFire) that a bettor should expect to get back on a spread pick.
Runner: Someone who makes bets for another person (aka ’beard’).
Sharp: A professional, sophisticated sports bettor.
Spread: Short for point spread.
Square: A casual gambler. Someone who typically isn’t using sophisticated reasoning to make a wager.
Steam: When a line is moving unusually fast. It can be a result of a group or syndicate of bettors all getting their bets in at the same time. It can also occur when a respected handicapper gives a bet his followers all jump on, or based on people reacting to news such as an injury or weather conditions.
Straight up: The expected outright winner of the money line in an event or game, not contingent on the point spread.Bookies Closing Down
Teaser: Betting multiple teams and adjusting the point spread in all the games in the bettor’s favor. All games have to be picked correctly to win the wager.
Total: The perceived expected point, run or goal total in a game. For example, in a football game, if the total is 41 points, bettors can bet ’over’ or ’under’ on that perceived total.
Tout (service): a person (or group of people) who either sells or gives away picks on games or events.
Underdog: The team that is expected to lose straight up. You can either bet that the team will lose by less than the predicted amount (ATS), or get better than even-money odds that it will win the game outright. For example, if a team is a 2-1 underdog, you can bet $100 that the team will win. If it wins, you win $200 plus receive your original $100 wager back.
Vig/vigorish: The commission the bookie or bookmaker takes; also called the ’juice.’ Standard is 10 percent.
Wager: A bet.
Welch: To not pay off a losing bet.
Wiseguy: A professional bettor. Another term for a ’sharp.’
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