Sports betting/gambling terms and definitions you need to know before wagering. Bookie: Short for a bookmaker. Bookmaker: A licensed individual who sets daily betting odds and accepts bets. Wise Guy Terms, Mob Lingo. Action - A term that can have several meanings. It could mean the income brought in to Organized Crime from illegal activity, as I want in on the action. Also sometimes used to refer what people are betting on most often and/or how much is being wagered. What is a Bookie? Bookie is a slang term for bookmaker, while the term seems to indicate a single person it is often an organization. The job of a bookmaker or bookie is to accept and pay off bets from gamblers, the wagers are usually on sporting events, but, bookies also accept bets on horse racing and casino games. What Does a Bookie Do? Unfamiliar with common betting terms? The staff of the ESPN Betting section puts together a glossary of terms every bettor should know. - 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. The term bookie is short or slang for "bookmaker." A bookie is someone who facilitates gambling, most commonly on sporting events. A bookie sets odds, accepts, and places bets, and pays out Gambling terms and casino terms can be hard to understand even for the most advanced of players and this is why we’ve put together this complete gambling glossary. We’re going to talk you through some of the most common gambling phrases right down to the wild and wacky gambling lingo. Gambling Terminology and Casino Terms. The online gambling world has its own language and terminology that is used by online players. Acronyms, abbreviations, and slang words were invented by players as a faster way to communicate with one another. Football Betting Glossary: Understanding bookie’s terms. Spread betting refers to when you place a wager on a specific spread laid down by the bookie, which means that you place the bet more on the accuracy of the prediction rather than the actual outcome of the game.
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