Some frequently used sports betting terms: Arbitrage: Betting the same event at separate sports books in order to lock in a profit by taking advantage of different betting lines. Bankroll: Total capital available for betting sports. Bookmaker (or bookie): A person who accepts bets. Chalk: A favorite (usually, a heavy favorite). Circled game: A game in which the sports book has reduced its betting limits, usually because of weather or the uncertain status of injured players. Hook: A half-point in the betting spread.
The point spread or odds on a game or event. Lock: A bet that cannot lose; a term sports betting online that is often misused and abused by disreputable touts. Nickel: $500. Parlay: A bet in which two or more events must happen in order to win; if any one of them does not happen, the wager loses. Point spread: The number of points added to or subtracted from a team’s actual score for betting purposes.
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