Sports Betting Terms Starting From T-Z
Teaser (See also "In and Out Teaser" above) - A bet on two or more teams where the bettor can add or subtract points from the spread to make their bets stronger in return for reduced odds. All results must match the selections to win the teaser.
Thick'un - A big bet.
Tie - A push, stand-off or a draw.
Tips - Picks. The selections and predictions of competitors performance for an event from an expert or observer.
Totals - Sports bet on whether the combined number of points or goals scored by the two teams will be over/under a given mark.
Tote - Short for Totalisator. A system introduced to Britain in 1929 to offer pool betting on racecourses.
Trebles - A triple bet on three events. A form of parlay or accumulator.
Trixie - A Trixie consists of 4 bets involving 3 selections in different events, i.e. 3 doubles plus 1 treble.
True Odds - The real odds of something happening as opposed to what the bookies offer.
Two and Three Balls Betting - A golfing bet that involves predicting which player from either a group of two or three will shoot the lowest score over 18 holes.
Take a price - to bet the dog
Tapped out - broke
Trap - a bad bet-looks good,but in reality,isn't
Turnover - Total amount bet on an event; total amount of bets for a particular period, day, week, month, year etc.
Thinly Traded - A betting exchange term where there is a limited number of bets on offer, and with limited 'action' within the market; it often is difficult to match a bet, at a reasonable price, in a thinly traded market.
Underdog - The team that receives a point start in a handicap.
Union Jack - A bet consisting of 8 trebles on 9 selections A to I: ABC, DEF, GHI, ADG, BEH, CFI, AEI, and CEG.
Underlay - Otherwise known as an 'under'. A price, which is less than the price we believe it should be; for example, to back Hewitt to win Wimbledon, believing the odds should be 14.0, when the price available is 10.0 only; this is an underlay, because the price available to bet is less, than the price we believe it should be; conversely, an underlay also may be a lay bet, when the lay price is more than the price we believe it should be; when laying a bet, the lower the price to lay, the more profit to be made; using the example above, to lay Hewitt to win Wimbledon, believing the odds should be 14.0, we would be expecting to lay at a price less than 14.0, possibly 10.0 to 13.0; if the best price available to lay were 16.0, then this would represent an underlay because it is more than the calculated chances of 14.0.
Unmatched Bet - A bet not accepted by another punter; unmatched bets may be cancelled at any time; it is possible that a portion of a bet may be matched, and the balance unmatched, depending on the amount of money available at the price requested.
Value - Getting the best odds on a wager.
Vigorish or Vig. - The commission paid to the bookmaker.
VS - Versus, against.
Vigorish - Bookmakers commission
Void Bets - A previously matched bet, which is cancelled by a betting exchange or bookmaker, with stakes returned to a punter, because of changed market conditions, such as, the result of a game not completed due to bad weather, or in the case of a horserace, the runner not starting in the event (scratched at the barrier for example), or any other legitimate reason.
WBA - World Boxing Association.
WBC - World Boxing Council.
Welsh/Welch - To fail to pay a gambling bet.
Welsher - person who doesn't pay his gambling debts
Wiseguy - successful sports bettor who makes his living betting sports
Win Only - Betting on a competitor to win an event. Also known as 'Straight Out' or 'Money Line' betting.
Wise Guy - A knowledgeable handicapper or bettor.
WNBA - Womens National Basketball Association.
World Series - Championship of Major League Baseball (MLB). The final seven games of the baseball playoffs between the two league champions to determine the world champion.
Yankee - The term used for a bet that consists of four selections, combining them into six doubles, four trebles and one fourfold - i.e. eleven bets.
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