Some Gambling Slang and Terms that Beginners Should be Aware of - page 4.

Mr. Magkaisa

sr. member

Activity: 938

Merit: 303

- I honestly just found out that there is still this slang term used in gambling. What you did OP is great and at least it will help those who don't know about it yet.

Looks like I have some new gambling terms and slang to learn now hehe, anyway thanks Op for this matter.

piebeyb

legendary

Activity: 2464

Merit: 1039

Bitcoin Trader

although I know a little bit about some of the ones listed in this thread, I think it's necessary for beginners to know more slang and terms in gambling, I think you need to update and add more information in this thread so that it can be understood by the readers. another beginner Wink

un_rank

hero member

Activity: 644

Merit: 661

- Jay -

Quote from: alastantiger on January 07, 2023, 05:09:12 AM

Winnings

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The amount, in addition to the deposit that was refunded, that was won on a successful bet (profit).

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This definition is dependent on how the specific bookie presents their odds and some readers could be confused when reading it.

If the bookie presents the odds as a multiplier, Arsenal 2.25 Manchester City 2.91
A user who stakes $50 on Arsenal to win would only be getting their wager multiplied by the odds, i.e $112.5, with no refund of the stake.

If the odds are displayed as additions or subtractions, Arsenal -340 Manchester City -300
Here users are rewarded with their winnings and a refund of their stake. N.B, if the odd is negative the initial winning (without the stake) would be lower than the stake, but if positive, it would be higher.

Some odds are even displayed as fractions.

- Jay -

swogerino

legendary

Activity: 3318

Merit: 1247

Bitcoin Casino Est. 2013

Nice list,I knew all the terms except beard as I am a really old gambler having gambled since 2003 or 2004 for the first time I don't remember that well and at that time casinos were not as well known as they are now and it was difficult to have an online account there at that time,that soon changed with the coming of Pinnacle and Bet365 but that is another story.

I never knew that a person placing bets for other people was called beard.I have witnessed back in 2004 when the driver of a deputy used to place bets for him,we all knew he was not placing those big amounts for himself but we did not know how to name that guy,we used to call it the driver as that was his job.

alastantiger

sr. member

Activity: 574

Merit: 310

I've been playing the lottery for a while now. I could recall how challenging it was to learn some slang terms and meanings used in betting and gambling. I eventually learned the slangs and now regularly use them without having to look them up on Google anytime I hear one. Here are a few gambling slang terms that beginners should be aware of. It's not a complete list, but it could serve as a place to start for you.

You can share some of your favorite slang terms and expressions for gambling.

Gambling Slangs/Terms	\|	Meaning	\|
_________________	\|	_________________	\|
Wager	\|	Another name for a bet.	\|
_________________	\|	_______________________________________________________________________________ ______________	\|
Bad Beat	\|	A bad beat occurs when a wager is lost despite the bet having a good chance of winning due to an unforeseen event.	\|
_________________	\|	_______________________________________________________________________________ __________________	\|
Edge	\|	An advantage that a bettor or sportsbook has on a certain wager is known as the edge, and it can be genuine or perceived.	\|
_________________	\|	_______________________________________________________________________________ ___________________	\|
Bookie	\|	Also known as "bookmaker" refers to a person or business that is authorized to provide odds and receive wagers from bettors.	\|
_________________	\|	________________________________________________________	\|
Punter	\|	A client or bettor. Somebody who places a bet with a bookmaker.	\|
_________________	\|	_______________________________________________________________________________ ____________________	\|
Tips	\|	Also referred to as picks, these are predictions shared with the public, or indeed paying punters in some instances, by betting experts. These experts are also called tipsters.	\|
_________________	\|	_______________________________________________________________________________ ____________________	\|
Stake	\|	The amount that the bettor is placing on the bet.	\|
_________________	\|	_______________________________________________________________________________ ____________________	\|
Winnings	\|	The amount, in addition to the deposit that was refunded, that was won on a successful bet (profit).	\|
_________________	\|	_______________________________________________________________________________ ____________________	\|
Bankroll	\|	Money put aside or deposited into accounts specifically for gambling.	\|
_________________	\|	_______________________________________________________________________________ ____________________	\|
Beard	\|	A person who places bets on behalf of professional gamblers so they can remain anonymous to bookies.	\|
_________________	\|	_______________________________________________________________________________ ____________________	\|
Commission	\|	The cut a betting exchange makes from winnings.	\|
_________________	\|	_______________________________________________________________________________ ____________________	\|
Chalk	\|	An alternative word for favorite.	\|
_________________	\|	_______________________________________________________________________________ ____________________	\|
Exposure	\|	The amount of money a gambler or bookmaker stands to lose on a particular wager.	\|
_________________	\|	_______________________________________________________________________________ ____________________	\|
First half bet	\|	In sports like football, basketball, and soccer, a wager that is focused on the outcome of the first half.	\|
_________________	\|	_______________________________________________________________________________ ____________________	\|
Half time bet	\|	Bets made only on the results of a competition's second half.	\|
_________________	\|	_______________________________________________________________________________ ____________________	\|
Hedge	\|	Hedging a bet consists of betting on the opposite side of an original wager to set up a guaranteed return. A hedge bet may also be placed to reduce the initial risk on a potential losing wager.	\|
_________________	\|	_______________________________________________________________________________ ____________________	\|
Line	\|	Betting odds that a bookmaker has posted.	\|
_________________	\|	_______________________________________________________________________________ ____________________	\|
Odds	\|	Betting lines established by a bookmaker on various events.	\|
_________________	\|	_______________________________________________________________________________ ____________________	\|
Payout	\|	The money a winner of a wager receives. The potential payoff listed on a betting receipt at the time of a wager often includes the initial bet.	\|
_________________	\|	_______________________________________________________________________________ ____________________	\|
Sharp	\|	A seasoned sports bettor who makes wagers after researching extensively.	\|
_________________	\|	_______________________________________________________________________________ ____________________	\|
Betting Exchange	\|	A platform or market where bettors place wagers against one another as opposed to the bookmaker.	\|
_________________	\|	_______________________________________________________________________________ ____________________	\|
Martingale	\|	A betting strategy in which a bettor doubles their wager to make up for losses after each defeat.	\|
_________________	\|	_______________________________________________________________________________ ____________________	\|
Money Back Bets	\|	Bookmakers frequently run promotions where they'll reimburse players' stakes if their wager loses.	\|

Sources:
https://oddspedia.com/betting/glossary
https://www.si.com/betting/2020/05/13/sports-betting-terms-definitions-gambling
https://www.wsn.com/betting-guide/terminology/
https://edge.twinspires.com/the-20-most-commonly-used-sports-betting-slang-terms/
https://www.timeform.com/betting/basics/terminology-explained

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