NCAA Gambling


NCAA Gambling and Football Wagering

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Glossary of Terms

Bet To lay money on the correct prediction of an outcome. Also to
lay, gamble and wager.
Bookmaker The person who takes your bet.

 

Cent line The cent line is the US system of prices. The type of cent line
used determines the difference in price between the favourite
and the underdog, and also determines the incremental
difference between one line move and the next.
Circled Game Applies
to US sports. A game where the betting activity is limited
by the bookmaker; this usually happens where bad
weather or injury may significanlty alter the chances of
either team winning, thereby making the outcome far more
uncertain.

 

Dead Heat Applies
to Tournament-type bets, Three Balls (golf) and Top Batsman
(cricket); where two or more competitors both qualify for
an equal place.
Dog Abbreviation
of Underdog
Favourite The team or player considered by the oddsmaker to have more chance of winning than their opponents.
Fixed-odds
sports
Applies to US sports, namely NFL, College Football, NBA and College Basketball, where the price for the Side rarely moves from
-1.10.
Gamble See
bet
. Also wager and lay.
Gross
Win
Your
total payout, i.e. including your stake.
Handicap A
term usually associated with International sports. The handicap
is the advantage given to the underdog, and the disadvantage
given to the favourite, in order to even up the possible outcome
of the event and give the bet more value. Known as the Spread
in US sports.
Lay To stake money on an outcome; to bet, wager or
gamble.
Line The
odds, or the price. The figure by which you
multiply your stake to calculate your winnings.
Net
Win
The profit on your payout, i.e. excluding your stake.
Non fixed-odds sports Applies to US sports, namely Major League Baseball and Ice Hockey,
where the price for the Side is not fixed at -1.10 (see
Fixed-odds sports
).
Odds Also
the line, or the price. The figure by which
you multiply your stake to calculate your potential winnings.
Oddsmaker The person who establishes the odds.
Outright The price to come first in a Tournament, as opposed to
winning a place.
Payoff The winnings on your bet
Payout The winnings on your bet
Place Applies to Tournament-type bets only, where a set number of valid
places are declared by the bookmaker (e.g. first, second
and third), and your place bet will win if your selection
comes within this range.
Pointspread Applies to US sports. The pointspread is the advantage given to the
underdog, and the disadvantage attached to the favourite,
in order to even up the outcome of the event and give the
bet more value. See also Spread and Handicap.
Price The
odds or the line.
Push A
tie or a draw. There is no winner, therefore
all bets become void and the stakes are returned.
Range Applies to Tournament-type bets only. The number of places declared valid for betting purposes.
Return Your
winnings, including your stake.
Rule
4
Applies to Tournament-type bets only. A ruling which may be applied at the bookmaker’s discretion, when a competitor withdraws
from an event thereby altering the other competitors’ chances
of winning.
Split Applies
to Tournament-type bets only. The figure by which the outright
odds are multiplied in order to calculate the payout
for a place.
Spread See
Pointspread.
Starting
pitchers
Applies
to baseball. The pitchers that are declared to be opening
the game for either team. If one or both pitchers are changed,
the bets attached to them may be voided or the recalculated.
Stake The amount of money wagered.
Tournament A competition / championship where a number of competitors all
aim to take first place.
Underdog The team or player considered by the oddsmaker to have
less chance of winning than their opponents.
Value Good
odds / a good price.
Wager To
bet
, lay or gamble.
Winnings The
money you win (your profit) if your bet is successful.

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