The Essential Glossary of Weird Gambling Terms
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The Essential Glossary of Weird Gambling Terms is a list of the weirdest gambling terms. It is useful to know the meanings of these terms when playing at online casinos and sports betting sites. It's also useful in sports gambling and poker. For example, Bad Beat is used in both sports and in poker, where you lose a bet due to a bad card or a goal scored in the last minute.
Beard is a person who bet on someone else's behalf. Runners are people who are banned from a particular bookmaker.
Bookmakers are the person who offers and accepts bets. The practice started in the 18th century. People who offered bets would record the odds they set for each match in a large notebook and put it on their stalls. In time, they started to be called “bookmakers” and this practice still continues in physical betting shops.
Chalk is the term used for the favorite team/player in a match.
The team or player that is not expected to win the match is called an underdog.
Dollar is a single bet worth 100 USD.
Even Money is betting that pays 1:1.
The Essential Glossary of Weird Gambling Terms explains the terms used in gambling.
Handle is the total bet amount wagered for a specific match.
H handicap is a gambling term that means a team is expected to win or lose a match. The bet can still be won if the underdog team does not lose the match by more than 2 points.
Bookmakers earn commission from their bets. It is usually 10% for land-based bets and less for online bets (usually between 5% -7%).
The most basic type of bet on which team will win a match is Money Line.
The person who determines the odds offered by the bookmaker is called an osmaker.
Paraplication is placing multiple bets on a single betting slip.
Professional sports bettors earn their living by betting.
