Gambling Terms Monkey

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Monkey Betting Term Meaning A ‘monkey’, when used in the context of betting, refers to wager of £500. It’s mainly used by punters in the UK although you may also hear it in certain Commonwealth countries such as Australia and New Zealand. Gambling Term Monkey 18+ New Customers only. Registration required. Free Spins on Book of Dead are subject to change and expire 7 days from activation. 35x wagering requirement before any winnings can be withdrawn. The true value of Monkey Knife Fight's acquisition of daily fantasy sports company FantasyDraft likely comes in the form of securing additional licenses to operate its contests, most notably in.

The following terms and their definitions are taken from the IRS and they use these terms in their explanations of gambling.

For gamblers terminology, please click here.
For casino game terminology, please click here.

Action
The amount of gaming activity happening in a casino, sporting event or specific game.

Book
To accept wagers on the outcome of a sport or similarly uncertain event. (Race and Sports Book)

Cage
Also called the casino cage or cashier. A centralized enclosure where the records of transactions are kept, money is counted. Chips or tokens can be purchased or exchanged for cash.

Cage Credit
A condition allowing players to sign credit slips, or markers, for cash or chips.

Card Rooms
Card rooms refer to gaming establishments where the principal activity is poker-related games, either live or video. These establishments typically do not offer slot machine play or other table games such as blackjack, craps, or roulette. These establishments are governed and regulated by the state in which they are located.

Casino
A building or large room devoted to gambling games or wagering on a variety of events.

Casino Cage
Also called the cage. The secured area in a gaming establishment where records of transactions, money, and chips are kept.

Casino Gaming Industry
All of the activities related to legalized gambling and the operation of legal gambling establishments.

Chip
Also known as a CHECK used to represent money. At one time, chips were made of ivory or bond, but are now commonly made of composition, clay, ceramic or plastic.

Coin Operated Gaming Device
Any mechanical or electronic machine designed to accept coins and to pay coins under certain conditions, especially a slot machine, or pinball, video poker, or horse race machine.

Complimentary (also known as 'Comp')
A gift given by managers to favored patrons, such as meals, room, or show reservation.

Credit Line
Also shortened to Line. The amount of money a player has deposited in the casino cage, or the amount of money the casino manager is willing to advance to a player.

Drop
The amount wagered and lost at a table or machine.

Floating Casino
Taxpayers in the gaming industry include individuals, partnerships, corporations, and joint ventures operating gaming casinos on various facilities located in or near United States inland river waterways, river basins, channels, lakes, ponds, and cofferdams. These operations are conducted under licenses issued by local and state gaming agencies. Often, state law prohibits gaming on land-based facilities and requires that the gaming facilities be on water. Operating casinos on the water are commonly referred to as 'Riverboat Casinos.' Operating casinos in water adjacent to land are commonly referred to as 'Dockside Casinos.' Taxpayers operating Riverboat or Dockside Casinos conduct legalized gaming activities that include blackjack, poker, roulette, craps, baccarat, keno and slot machines.

Gaming Activity
Involvement in gambling. The term is usually applied to legal gambling practices or involvement.

Gaming Commission
A state or city agency devoted to regulating legal gambling operations.

Gaming Control Act
A state statute that legalizes certain forms of gambling and provides guidelines for the operation and taxation of gambling games.

Gaming Control Board
A state or county agency that enforces policies set by the gaming commission, investigates allegations of cheating and provides background information on persons or corporations requesting licensing as operators of gambling establishments.

House
The casino.

Individual Taxpayer Identification Number (ITIN)
An Individual Taxpayer Identification Number (ITIN) is issued to nonresident aliens who do not have a Social Security Number and is used for tax purposes only.

Land Based Casino
A land based casino is one which is located on land and is owned either by individuals and/or corporations which have their gambling operation overseen by a state gaming control board or state gaming commission. Some land based casinos are limited by state law as to the maximum amount of a single wager or bet.

Lottery
A lottery is a game of chance based upon the random selection of numbers. Generally, lotteries are only legally operated by states, other governmental entities, or not-for-profit organizations.

Marker
Evidence of indebtedness by a player to the casino. A marker is usually a counter check. In craps, the term refers to a small rubber and plastic disk used to indicate whether a point has been made and mark the number of the point until made or lost.

Pari-Mutuel
A system of betting on races, or events, whereby the winners divide the total amount bet, after deducting management expenses, in proportion to the sums they have wagered individually.

Pit
The area surrounded by a group of gaming tables.

Progressive Jackpot
In slot machines, a payout amount that increases with each coin played until the total amount is won.

Race Tracks
A race track (includes dog and horse racing, and Jai Alai) is one in which there is regular race track betting activity at a live race track and there may be video gambling machines located within the racing establishment premises. Race tracks are governed by the individual states.

Skim
To remove money from the profits before it is officially counted.

Slot Machine
A mechanical or electronic gaming device into which a player may deposit coins and from which certain numbers of coins are paid out when a particular configuration of symbols appear on the machine.

Tip
Also called a toke. A sum of money given to a dealer, cocktail waitress, or other employee of an establishment for efficient or well-performed service.

Tribal Gaming
In 1988 Congress enacted the Indian Gaming Regulatory Act (IGRA) to:

  1. Provide a statutory basis for the operation of gaming by Indian tribes to promote tribal economic development, self-sufficiency, and strong tribal governments;
  2. Provide a statutory basis for the regulation of Indian gaming to ensure the tribes are the primary beneficiaries; and
  3. Establish
    1. Independent federal regulatory authority for Indian gaming,
    2. Federal standards for Indian gaming, and
    3. The National Indian Gaming Commission (NIGC), to meet congressional concerns regarding Indian gaming and protect such gaming as a means of generating tribal revenue.

The term 'gaming' has been divided by IGRA into three classes; Class I gaming is defined as consisting of: (a) social games that have prizes of minimal value and (b) traditional tribal games planned in connection with tribal ceremonies or celebrations. Class II gaming primarily includes: bingo (whether or not it is electronically enhanced), pull-tabs, lotto, punch boards, tip jars, instant bingo, and any non-banking card games allowed by state law. Class III gaming primarily includes slot machines, casino games, banking card games, dog racing, horse racing, and lotteries.

All tribal governments conducting or sponsoring gaming activities need to be aware of the federal requirements for income tax, employment tax, and excise tax. For further information reference the IRS Indian Tribal Governments office web site.

Wager
Something staked on an uncertain outcome.

Internet sports betting will use a lot of gambling terms that you may not be familiar with as a lot of the language comes from the 'street' language of old school bookies. The following is a Glossary of Gambling Terms for: NFL betting, College Football betting, NCAA Football betting, Baseball Betting, MMA Betting, UFC betting, Boxing wagering, NHL betting, NBA betting, NCAA Basketball betting, College Basketball Betting and other major sports. You will find all the major terms that Internet sportsbooks use in posting their betting lines.

Gambling Terminology

Slang for gambling is hard, but we’re here to help! Gambling terms vary far and wide, but we have assembled a gambling terminology glossary here. All the gambling terminology and gambler slang you could ever find will be made clear here. You’ll be speaking the gambling vocabulary after a quick review of this page in no time, including betting terms, and slang for gambling itself. Most of these are specific to sports betting, but still find their way to other areas online. Whether you’re into NCAA Football betting, NFL betting, NCAA Basketball betting, College Basketball Betting, College Football betting, Baseball Betting, MMA Betting, UFC betting, Boxing wagering, NHL betting, NBA betting, or all other major sports, you’ll be speaking gambler lingo in no time! This can be particularly challenging without help, as sports betting lingo, bet slang, betting jargon, betting lingo, betting acronyms, sports betting terminology, and specifically basketball betting terms all have very specific sports betting terms that need to be mastered to even make a bet! Football betting terms and football betting terminology in particular can be challenging, but we’ve got you covered there too:

Action

- Any time you make a bet, this counts as an action.

Added Game

- Any betting line not typically part of the usual pool of games to bet on in the Las Vegas rotation, but is included to benefit those making wagers with a bookie.

ATS

- The ATS betting term means Against The Spread. This is when you’re betting on the underdog team to win by a wide margin, and along with it, ample winnings.

Bet

- Any time you put down money on the outcome of a sporting event, you’re betting. Terms

Book

- Originally, bookies were the ones that took bets on sporting events. Book is short for any sportsbook or related group that takes these bets.

Bookie

- The original term that started them all, a bookie is someone that takes bets on sporting events.

Bookmaker

- Another term referencing a bookie that takes bets on sporting events.

Buck

- A $100 bet, being an example of a sports betting slang term.

Buy (Points)

- If you are willing to pay more for it, you can get a half point or more in your favor on any point spread you bet on.

Canadian Line

Gambling Terms Monkey- Alternatively called a Puck Line, this is a mixture of a Point Spread and Moneyline.

Chalk

- Another slang term, this one meaning the favored side to win.

Chalk Player

- Anyone that typically bets on the favored side and never on underdogs.

Circled Game

- Events of this kind have lower betting limits and limitations on how many people can get so a bookie won’t carry as much risk. Sometimes called a Red Circle box. This happens when unintended circumstances may adversely effect the outcome of an event, such as player injuries, unusual weather conditions, and games being unexpectedly added. Doesn’t include parlays and teaser wagers.

Cover

- Any time a point spread is won.

Dime Bet

- Another betting slang term that means a $1000 bet is placed.

Dimeline

- When the favored party and the underdog only differ on their moneyline by 10 cents, such as the Yankees and Red Socks. This is used in baseball to attract eager gamblings looking for a decent risk to reward ratio.

Dog

- The underdog not favored to win in an event.

Dog Player

- A gambler that typically bets on the underdog.

Dollar Bet

- Another betting slang term, here meaning $100. It’s the same as “Buck,” and they are used interchangeably just like the terms are outside of gambling.

Even Money

- Any wager with 1:1 odds, meaning there is no juice or vigorish.

Exotic Wager

- Wagers that aren’t Straight Bets or Parlays count as exotic wagers, such as Teasers, Sweetheart Teasers, IF bet, Reverses, and Prop bets.

Favorite

- Any side expected to win an event. The opposite of the dog or underdog.

Fifth Inning Line (5 Inn.)

Gambling Terms Monkey Games

- Any bet placed on only the initial 5 innings of any baseball game.

Fifty Cents

- Another betting slang term that means a $50 bet.

First Half Bet (1H)

- Bets placed on a football or basketball game that only account for the score up to halftime.

Future

- The betting odds calculated in advanced on future sporting events.

Getting Value

- Gambling vocabulary for the best odds on betting line.

Grand Salami

- The Total of goals scored in all hockey games played on the same day.

Grading

- After you bet and the event has been decided, this is when the amount is put into your account.

Half a Dollar

- Another piece of gambling slang for a $50 wager.

Half Time Bet (2H)

- The opposite of a First Half Bet, this is any bet placed on the second half of a football or basketball game.

Handicapper

- These are the people that look at all available information on a sporting event, and calculate the odds of the outcome.

Handicapping

- This is the act of the above when calculating the outcome of an event.

Handle

- The gross total of bets taken by a bookie on a sporting event.

Hedging

- Betting on both sides of an event to keep losses at a minimum or guarantee a bare minimum amount of winnings. Considered to be a safe betting strategy that sacrifices maximum winnings for protection from losses.

Hook

- When half a point is added to football or basketball betting through gamblers buying points. Also referred to as buying the “hook”.

Hot Game

- Any game attracting the attention of many professional handicappers.

Juice

- A bookie’s commission on the bets made, which is referred to as the “vigorish” as well. A standard juice is typically 10%.

Laying the Points

- Betting on the favorite in any point spread betting line. Monkey

Limit

- A hard limit placed on the total betting amount for any event.

Line

Gambling Terms Monkey Pictures

- The present betting odds on any event. Lines like these are always updated in real time.

Linemaker

- Someone at a bookmaker that establishes an original betting line and all subsequent betting lines stemming from it.

Longshot

- Any side of a sporting event unlikely to win, similar to the underdog.

Middle

- A strategy of betting on both sides of an event at different amounts. Called the “middle the game” someone wins, and similar to Hedging.

MMA

- Stands for Mixed Martial Arts.

Moneyline

- Any betting odds where the wager is settled when one side of an event wins. An example would be a -120 team requiring $120 to win $100 when that team won.

Nickel Line

- This is when the commission a bookie receives on a betting line is 5%. Also called reduced juice.

Nickel

- A betting slang term for a $500 wager.

No Action

- When a bet is cancelled because the event did not happen (i.e. rain out in MLB). All money is returned to bettor.

Odds

- How likely different outcomes of a sporting event are, which largely tends to determine the winnings potential.

Off The Board

- When a bookie closes open betting for an event.

Oddsmaker

- The one that determines the odds of a sporting event.

One Dollar

- Another gambling betting slang term for wagering $100.

Opening Line

- The initial betting line made public by a bookie for a sporting event.

Over

- A bet placed on the total scores of both teams in a sporting event combined. Typically, bets are made that it will be above a specified total amount.

Parlay

- Betting on two or more teams at a time. All teams must win in order to receive the highest payout. If one team loses, it is considered a loss.

Pick ‘em

- An event where no side of a sporting event is favored to win. Sometimes called a ‘Pick’.

Point Spread

Gambling Terms Monkey- Using the handicap chosen by the bookmakers, this determines how much will be awarded to winning bets.

Press

- Betting in an amount that is far higher than a typical wager.

Price

- Determined by the point spread or the odds given on a moneyline.

Prop (Proposition) Bet

- Betting on two or more outcomes that have nothing to do with an event’s final score or winning team. They tend to be placed on specific players, an entire sport, political occurrences, celebrity gossip, and related things.

Push

- This occurs when no one wins a wager. Wagers in this case are returned.

Quarter Line (1Q, 2Q, 3Q, 4Q)

- Any bet placed on a specific quarter in a basketball or football game.

Reverse Bet

- This occurs when two IF bets are placed.

Risk

- The amount that is bet on a particular sporting event.

Round Robin

- A style of tournament that allows many parlays to occur at the same time.

Run Down

- A summary of the betting lines determined for a specific date, sport, or time.

Run Line

- Particular to Baseball, this is their version of a Point Spread.

Sharp

- A gambling term for professional or highly experienced bettors.

Sides

- The teams in a sporting event.

Single

- A simple wager.

Sportsbook

- Much like a bookie, any company accepting bets, in this case on sporting events.

Spread

- A short reference used in the same fashion as a Point Spread. Usually posted by the line maker, this is determined by the odds of the outcomes of a sporting event.

Square

- Someone new to betting on sports.

Standard Line

- When a betting line is -110 for all sides. Standard lines have 10% juice.

Steam

- When a betting line changes and is reposted because of how popular it is among bettors.

Stake

- The specific amount of a placed bet.

Staight Bet

- A bet placed on a single sporting event.

Straight Up (SU) Bet

- When a bet is won despite the point spread. This is commonly known as a moneyline wager as well.

Sweetheart Teaser

- A teaser which brings together 3 or 4 football or basketball bets and allows for gamblers to adjust their total and point spread in their favor.

Taking The Points

- Wagering on the underdog in the Point Spread.

Taking The Price

- Wagering on the underdog in the Moneyline.

Teaser

- A parlay that allows for an increased point spread or total in exchange for reduced payout odds.

Ticket

- Used interchangeably with wager because real world sports betting used to involve giving tickets as proof of a wager. Many still do, such as horse races!

Tie

- Also known as a Push. Risk amount of wager is returned to the bettor.

Total

- The score of both teams in an event combined, including any overtime.

Totals Bet

- A bet made on the total score of both teams added together.

Tout

- Someone selling services as a sports handicapper.

Under

- A bet on the sum score of all teams in a sporting event with the Total amount being under a certain value. The opposite of an Over.

Underdog

- Any team expected to lose an event. Also called the “dog”.

Value

- Getting the best possible odds on a wager.

Vig or Vigorish

- A bookmaker’s commission. Also called the “juice,” which is assumed to be at least 10% on a losing wager.

Wager

- Risking money on the outcome of an event. Also called a bet.

Wise Guy

- A highly successful sports bettor.

You’re Now a Sports Betting Terms Definition Master!

Gambling Terms MonkeyWith the knowledge you’ve gained here on gambling terms for sports, slang for gamblers, and betting terminology, you’re now fully equipped to bet like a Wise Guy, beat the Spread, and walk away a winner with any Bookie you happen to Wager with. Best of luck in your Sports Betting!