Slang Used in The Gambling & Betting Industry - Betting Slang Explanation for Betting Terms in U.K. and U.S.A.
This article will explain and give you the meaning of words used in slang language - if you want just a betting glossary,read another of our articles - Betting Terms Explained;A Glossary.
Many times punters have watched films or been in company of experienced gamblers and been completely baffled by whats being discussed,as many bettors use slang to exclude others who do not share their passion - this article will give you an explanation of what they mean when those strange slang words are used.
Remember - these are the slang terms in betting - full glossary at Betting Terms Explained;A Glossary.
ACTION This just means you are making a bet.
AWOL Punter leaves town without paying bookmaker.
BANKER Your best bet,a good thing,also a banker in bets that throws everything on to this selection.
BANKROLL A punters separate cash allocated for betting.
BAD BEAT Bet should have won,but bad luck intervenes.
BAILED UP Unlucky horse that gets blocked in running.
BAIL OUT One big bet to get back previous losses.
BEARD This is someone who places bets for somebody else,for a commission payment,usually for a shrewd punter,who bookmakers will not accept bets from.
BIG DIME A $10,000 bet.
BIG NICKEL A $5,000 bet.
BIRDCAGE Slang for parade ring at the track.
BLIND BET This is when a bookmaker,or a punter disguises his true intentions by betting on a horse small,and then hitting big with the real bet later.
BOTTLE Betting odds of 2/1.
BURLINGTON BERTIE Betting odds of 100/30.
BUCK A bet of $100.
BUY THE RACK Here the punter covers every combination to ensure a payout - and hopes for outsiders to show a profit.
C of E (Church of England) Stands for Custom and Excise.
CARPET Betting odds of 3/1.
CHALK The favourite.
CHALK PLAYER Punter who only backs favourites.
CIRCLED GAME This is when there is doubt about injuries to star player or non runners,so bookmakers will not take big bets until full facts are known.
CLIENT A bettor who is prepared to pay for information.
CLOCKER Is someone who times trainer workouts for fitness confirmation.
DEGENERATE Is a slang word used for a loser,a compulsive gambler.
DIME A bet of $1,000.
DOG Refers to outsider.
DOG PLAYER Punter who always backs underdog or outsider.
DOLLAR A $100 bet.
DOUBLE CARPET Betting odds of 33/1.
DRY No money to bet with.
EAR OLE 6/4 betting odds.
EXPOSURE How much you have laid out on a bet - the amount you will lose.
EDGE The percentage advantage the bookie has over punter - and sometimes the opposite.
FAST COMPANY A group of shrewd punters,
FIFTY CENTS A $50 bet.
FIGURE The amount a bookmaker or punter owes.
FIRING Somebody who is betting much more than usual with bigger bets.
FISH A mug punter.
FUTURES This is the American term for ante post bets used in England.
GRAND A £1,000 bet.
GETTING DOWN Placing a bet.
HANDLE This is the total cash take by bookies on specific event.
IN THE MONEY This means a horse is placed for payout.
JOLLY The Favourite.
JUICE Commission,a bookmakers built in profit.
LAYER This refers to anyone who offers odds and takes bets.
LAYING POINTS Betting when the favourite is odds on.
LAY OFF This is when bookmakers offload part of bet to another bookmaker.
LINEMAKER The odds compiler.
LONG UN £100 bet.
MACHINE This refers to Tote or Pari Mutuel odds.
MONKEY £500 bet.
MUSH Someone who always seems to inflict bad luck on his associates and pals - a Jonah.
MUSH ARTIST A punter who bets but refuses to pay.
NAP Best bet of the day.
NICKEL A $500 BET.
OFF THE BOARD A complete outsider that cannot win.
OVER ROUND Bookmakers profit percentage.
OVER BROKE Happens from time to time - bookmaker has book percentage at less than 100%,which means a loss.
OVERLAY This is when bookmakers have an imperfect book and odds favour the punter.
PICKS The American term for tips used in England.
PICK EM This is when 2 teams have equal chances.
PUBLIC Dedicated gamblers tend to only socialise with fellow gamblers.They don't understand other people who have no interest in betting or gambling,and disdainfully refer to them as "squares" or "the public ".
PIGEON Mug punter,a sucker.
PUPPY Underdog or outsider.
PUSH Moneyback,nobody wins or losses.
PROP BETS Or proposition bets,where punters bet on novelty markets within a game,like corners,bookings,first scorer,etc. - ok for fun punters,but swerved by serious gamblers.
RIGHT PRICE This is when Tote odds are so attractive,you bet even if not happy with selection.
RINGER Good horse substituted and runs under name of poor horse.
ROUF 4/1 betting odds.
RUNNER A bookmakers employee who watches other bookies odds.
SCALPER Arbitrage punter who backs both side and cannot lose.
SCORE A £20 bet.
SHOO IN A cert bet,maybe fixed.
SHARP This refers to a clever or winning punter.
SMART MONEY Usually refers to inside information like the trainer or stable yard.
SHUT OUT Window slams shut at Tote before punter can make bet.
SHYLOCK A Money lender.
SPOT PLAYER A patient punter who bets rarely and waits for best odds.
STEAMER A big gamble,with odds reducing fast.
STOOPER Tries to find winning Tote tickets thrown away in error.
SUCKER BETS These are multiple bets like yankees,patents etc.that bookmakers love.
SQUARE Newcomer to gambling.
SWEAT This is the agony punters go through when watching a sporting event and having a big bet on the outcome.
TAPPED OUT No money left to bet with.
TILT Or On Tilt.Term usually used in poker.It means you have had so much bad luck,or are so deep in trouble that you are "on tilt" - betting like a maniac,reckless,and all thought process gone.
TOUT Somebody who sells tips for money.
TON £100 Pounds.
TURNED OVER This is when you have lost money to a gambling colleague,or even a good friend,by trickery or deceit - "he's turned me over",this is meant as an insult,and they should be ashamed.
UNWELL This means a dedicated gambler has had a long losing run,and can indeed affect their health and wellbeing.Hence the gamblers lament that he "needs to get well " - back some winners.
VALUE Getting the best odds on a bet.
VIGORISH This is the margin of profit for bookmakers,also known as juice or vig.
WISE GUY Is someone who is a shrewd punter.
WELCH Someone who bets,but fails to pay when losing.
WRITE YOUR OWN TICKET No chance bet,and bookmaker will give you any odds you ask for.
By Pendil at SAFE BOOKMAKERS SITES.©This article can be reproduced by anyone,so long as article is reproduced full and intact with all links unchanged.End of article.
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