Some Gambling Slang and Terms that Beginners Should be Aware of

[alastantiger]

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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[swogerino]

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.

[un_rank]

Winnings

|

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

|

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 -

[piebeyb]

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 

[Mr. Magkaisa]

    -  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.

[klidex]

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

The list of terms in gambling that you made is quite clear and complete.
But I still can't stop thinking about whether you memorize and find out information like that because it's just a waste of time. It would be more useful if you were looking for information and knowledge about correct analysis and calculations when playing or betting on gambling.
Without realizing it, we have often heard and said about this term in gambling, it's just that we don't really understand it.

[Wexnident]

Kind of funny how Martingale is on the list even though it's an incredibly bad strategy to use (imo). It's also my first time hearing some of the terms in the list such as Beard, Chalk, and Sharp. Rather odd or curious how some of these terms came into existence even. I'd probably never use them (or will probably see them being used), maybe once or twice a year, but glad to see a list.

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.

I reckon it's a term used in a specific country then I guess? Seeing as you're a pretty old gambler yourself and didn't know about it.

[Yatsan]

Quite handy indeed for the new ones. Slangs I think, are more useful for beginners than to use actual technical terminologies which they won't understand in an instant; somehow it has something to do with mnemonics. On my end I've learned (not sure if these are slang terms) words such as 'multibets', AG Odds (against odds) and such which my friends and I often use so I am not quite sure if these words are being used by others as well. It just somehow adds enjoyment with my gambling experience.

Kind of funny how Martingale is on the list even though it's an incredibly bad strategy to use (imo). It's also my first time hearing some of the terms in the list such as Beard, Chalk, and Sharp. Rather odd or curious how some of these terms came into existence even. I'd probably never use them (or will probably see them being used), maybe once or twice a year, but glad to see a list.

Well it is more of a technical terminology on my end because it is also being used with other things regarding probability.But if it really is, I have no problem with that. Slangs on the other hand are just ways of players to communicate more efficiently with other players and also to promote convenience than to use the actual word.

[cabron]

The banters on the side tables often use these terms but I am easily lost in the labyrinth if they use these terms in front of me.
I've heard most of them when I blend into those guys betting in front of the screen for the sports game but never really sank deeply. The ones who use the terms must be those who eat, sleep and breathe gamblers' air.

I think I'm a punter then but not sharp. I wonder how the terms started.

[Johnyz]

This is very informative and honestly, I’m not even familiar with some of the slang terms in gambling even if I’m not beginners anymore, I guess its because I’m to focus to play and have fun, I didn’t know I missed a lot of things. This can be a big help to those who are still learning things about gambling, familiarizing yourself with this can help you more on your gambling journey, nice thread OP.

[Frankolala]

Thanks OP,you did a good job to bring up this thread for beginners, I am use to some of these terms but not all. it is a good thing to learn more of these gambling slangs.

I have a friend that we do gamble together, he love using these terms and each time I ask him the meaning of what he said,he do explain to me,this was how I gat to know those ones I knew. I have learnt something new today on gambling which makes me feel good.
 

[Casdinyard]

A definitive list if I do say so myself. The terminologies here we oftentimes use are duly explained without any other compromise. Even I who have been gambling for a while now is surprised to see Beard, coz I don't really know about it until now. If I may add one thing however, I think it should be Revenge Gambling. Which is a manner of betting done belligerently or without proper thinking over because of frustration and burnout after a huge or detrimental loss. I've seen people nowadays succumb to this gambling pattern but it didn't have a name until now.

[virasisog]

I'm already familiar with most of the given slang words not because I'm really into gambling. I've just heard and leanred about those words many times on this forum. I wasn't aware that I have already adopted many gambling terminologies by interacting with other gamblers here which is a helpful thing. Truely, we could learn and adopt many knowledgeable things through reading and interacting with helpful topics here.

[Oceat]

Quite nice list of slang/terms there although I've seen/heard some of it but there are words that are new to me. Perhaps, you can't just meet those words if you aren't a hard-time gambler that plays a lot of different games when gambling. If you guys have something to add you can add it here though Google was around the corner but it would be quite easy to familiarize those words if you've seen them and their meaning.

[ethereumhunter]

I knew a little of the slang and wasn't too curious about it. If someone asks what that slang means or they want to know what the slang for a word in gambling is, I'll ask them to look it up in a search engine

Thanks, @OP, for providing the list of words. I guess there are more that haven't been included but unfortunately, I don't really know.

[Fivestar4everMVP]

This is a very interesting list and an interesting read too, having been been in the business of gambling for some time now, I unashamedly admit that there are still some of this slangs I didn't even know existed not to talk of their meanings, I found some slangs that are new to me on OP's list and also learnt their meanings, though some still a bit confusing to understand.
But over all, this is a very educative post for the gambling community, thank you op for sharing this.

[DaNNy001]

This is great work and research bro. Nice one, i won't say am familiar with all the slangs there but i think its just few am not use to since am a damn addict of a gambler    . But this particular slang beard really got my interest because i have not come across or heard it before. So with this thread today,  i have learnt that such slang exist in the gambling world.

I Dont know but i think some few slangs are not listed there and anyone who knows one or two should feel free to drop so the lecture and discussion will keep getting interesting. I think this one should be added.
~cash out :: an opportunity given to bettor to collect a small portion of the actual winning amount in the wedger.

[Issa56]

Am suprise seeing some of this slang, I do gamble but I don't really gamble frequently, but to be honest I haven't heard some of those slangs before or maybe they don't use them frequently in my country, atleast I have learnt new gambling slangs today, maybe I will start using some.

@OP just like the rest been saying  that you've provided out some good list
and it would be more better if the community or people on here would really be tending to add up with those slang and terms so that for those newbie or even those old ones would
be able to check it out on what it do means but this one really suits out into those gambling enthusiast on which it would be somewhat a helpful thing for them to know on.

I don't think the OP will stop anyone from adding additional slangs which he didn't mention, if you know some slangs, then you can add it here, we are here to learn new things. You can just quote the OP and add your own slangs under.

[acroman08]

instead of "some gambling slang" you should put "some sports betting slang" as the majority of the slang mentioned is used in sports betting. anyway, I am not trying to undermine what OP shared but this reminded me of this thread that I saw which was posted years ago. you'll see more different gambling slangs which are specifically used for certain gambling games(including sports betting).

[Viscore]

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  

This can be learned eventually when you chose to be a gambler for quite long years. But I also think it’s necessary that these terms should be learn by beginner gamblers at its early days so that they will understand more and be more associated with gambling. The terms you have posted OP may only be few but definitely they are helping, so hopefully you can add more to these.