Longshot – A team perceived to be unlikely to win.
Middle – To win both sides of a game; wagering on the underdog at one point spread and the favorite at a different point spread and winning both sides. For example, if the player bets the underdog +4 ½ and the favorite -3 ½ and the favorite wins by 4, he has “middled” the book and won both bets.
Money line – Odds expressed in terms of money. With money odds, whenever there is a minus (-) the player lays that amount to win $100; where there is a plus (+) the player wins that amount for every $100 wagered.
Nickel – A $500 sports wager.
No Action – A wager in which no money is lost or won, and the original bet amount is refunded.
Off the board – A game in which no bets are being accepted.
Opening line – The earliest line posted for a particular sporting event.
Over – A sports bet in which the player wagers that the combined point total of two teams will be more than a specified total.
Parlay – A single bet that links together two or more wagers; to win the bet, the player must win all the wagers in the parlay. If the player loses one wager, he loses the entire bet. However, if he wins all the wagers in the parlay, he wins a higher payoff than if he had placed the bets separately.
Pick or Pick ‘em – A game in which neither team is favored.
Point spread – The margin of points in which the favored team must win by to “cover the spread.”
Price – The odds or point spread.
Prop (Proposition) Bet – A bet that focuses on the outcome of events within a given game. Props are often offered on marquee games of great interest. These include high profile college or pro football games. An example of a prop bet is “Which team will score the first touchdown?”
Puck line – In hockey, a spread used instead of the money line.