Betting Glossary

A-Z Sports Glossary and Terms

Discover the comprehensive betting glossary encompassing the frequently used terms and phrases within the realm of the sports gambling industry. Make sure spelling is correct for better results.

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There are currently 10 Terms in this directory beginning with the letter T.

Sports Betting Glossary

From A to Z

T

Taking Points
A bet placed on an underdog team using a point spread. For example, if you bet on Detroit as a 7.5-point underdog against Philadelphia, you would say you’re “taking 7 points” from Philadelphia.

Teaser Card
A list of all games from a specific sport where the bookmaker has moved the odds to entice bettors. These cards are often issued daily.

Teaser odds
A line that the bookmaker has moved to entice bettors to bet on it.

Three-way odds
Betting options that allow you to bet on the home team, away team, and the tie. These are commonly found in soccer, where ties are common.

Ticket
The receipt issued by a bookmaker to confirm that a bet has been placed and accepted.

Tip
A piece of advice offered by an experienced bettor on which team to bet on.

Tipster
An experienced bettor/group of bettors that offer betting advice on sporting events.

Totals Bet
A bet on the total number of something (e.g., goals/points/assists) happening in an event. The sportsbook will post a total, and you can bet on whether the final total will be over or under that number.

Traders
The person or group of people that sets and adjusts the lines at a sportsbook.

Two-way odds
Betting options that only allow you to bet on the home team or away team. These options do not include ties, so any tied game results in a push.

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