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Oddsmaker - same as the linesmaker, i.e., the person who establishes the original and subsequent betting lines for an event.
Odds On Favorite - a horse, team or contestant so favored by the public that the odds for the event are less than even.
Off The Board - a game on which the bookmaker accepts no action (no wagers accepted).
Off Lines - the amount the Las Vegas point spread differs from the lines of other sportsbetting sites, which have derived their data from various computer software systems.
Official Line - the line the bookmaker uses for wagering purposes. The line produced in Las Vegas is quite often referred to as the official line, however, the line that the bookmaker offers the player is actually the official line. Many smart players compare the Las Vegas official line to that of their local bookmaker to ensure they get every possible edge.
Out - a bookie (bookmaker). Could also refer to an illegal bookmaker.
Outlaw Line - an early line which is not an official line. Often, linemakers will invite specially selected players to wager into the outlaw line, before entering the line to the public. The linemakers respect these experts and use their input to create a final opening number. This process is called ironing, or flattening, the line
Overlay - the odds of a particular wager are higher than they should be, and tend to favor the player rather than the house.
Overtime - the continuation of a game, that is tied at the end of regulation time, until a winner is determined, or the maximum specified overtime periods have expired.
Over/Under - a wager on whether the combined total of the points/goals scored by two competing teams will exceed, or be less, than a specified number.
Parlay (Multiples) - a wager on two or more teams, or outcomes, in no particular order, where all selections must win for the player to be successful. All teams wagered on in a parlay must win to ensure a payoff.
Parlay Cards - wagers on a minimum of three, and up to 15 propositions; the more the player picks, the more he/she wins.
Past Performance - an accurate record of the performance of specific teams, horses or contestants when participating in sports events similar to those scheduled.
Past Post - a wager made after an event has begun.
Penny Line - a money line which is adjusted in increments of a penny, that is, one cent at a time.
Pick or Pick'em - a game where no team, or betting option, is favorite.
Pick'em Game - a game where no team is favored. The player takes a pick and lays 11 to 10.
Player - a bettor or gambler.
Point Spread, Or Spread - a margin, in points or goals, given to an underdog taking part in an event, in order to handicap the favorite team, or give the underdog a head start. This margin, or point spread, is intended for betting purposes only. The point spread, which is really the predicted scoring differential between the contestants or teams concerned, is often referred to as the line.
Press - to wager a greater amount than usual.
Price - the money line odds or point spread on the favorite of a sports event.
Proposition Bet - a wager on a specific aspect of an event such as the number of field goals, free throws, etc., that will be made.
Puck Line - a wager on ice hockey that combines both a handicap/spread and odds.
Pucks - slang term for the game of ice hockey.
Puppy - an underdog, Alpo or dog.
Push - a tie between the player and the bookmaker where the final score of a game is exactly the same as the point spread, or the total points (combined scores of both teams).
Quinella, and Quinella Box- horse betting terms referring to the method of betting on a horse race in which the first and second place horses (two or more) are picked to cross the finish line in any order.
Rain Out - an event canceled because of bad weather.
Round Robin - a series of parlays, for example, a three team round robin consists of one three team parlay, and three two team parlays.
Rundown - a line update.
Run Line - a line used when wagering on baseball.
Runner - a messenger player (beard).
Ryder Cup - a golf tournament between American and European golfers that takes place every two years.
Scalper - one who attempts to profit from the differences in odds, from book to book, by wagering both sides of the same game at different set prices.
Score - to win a great amount of money due to successful wagering.
Scout - a person who studies the performance and potential of teams, horses or contestants, in or out of play, and reports the pertinent findings to handicapper(s).
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