Top 20 Slang For Bet – Meaning & Usage

When it comes to slang, staying up-to-date is a must. Bet is one of those words that has taken the internet by storm, and if you’re not familiar with it, you might be missing out on some serious cool points. Luckily, we’ve got you covered. In this listicle, we’ve gathered the top slang words for bet that will have you fitting right in with the hippest crowd. Get ready to step up your slang game and start using these phrases like a pro!

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1. Longshot

In betting, a longshot refers to a team or player with very low odds of winning. It is often used to describe an underdog who is not expected to win the game or event.

  • For example, “The team was such a longshot that no one expected them to make it to the playoffs.”
  • In a discussion about horse racing, someone might say, “I placed a bet on a longshot, hoping for a big payout.”
  • Another might comment, “The longshot pulled off a surprising victory, shocking everyone.”

2. Bookie

A bookie is a person or organization that accepts and pays off bets on sporting events or other types of gambling. They set the odds and take bets from individuals.

  • For instance, “I placed a bet with my bookie on the outcome of the basketball game.”
  • In a conversation about gambling, someone might say, “I know a reliable bookie who takes bets on football.”
  • Another might mention, “Bookies often adjust the odds to ensure they make a profit.”

3. Odds

In betting, odds represent the probability of a particular outcome occurring. They are used to determine the potential payout of a bet.

  • For example, “The odds of the team winning the championship are 3 to 1.”
  • In a discussion about horse racing, someone might say, “I like the horse with the best odds to win the race.”
  • Another might comment, “The odds are in favor of the home team, but anything can happen in sports.”

4. Parlay

In betting, a parlay refers to combining multiple bets into one, with the potential for a larger payout. It involves winning each individual bet in order to win the parlay.

  • For instance, “I’m going to parlay my winnings from the first game into a bet on the second game.”
  • In a conversation about sports betting, someone might say, “I placed a parlay bet on three different games.”
  • Another might mention, “Parlays can be risky, but the potential payout is worth it.”

5. Bankroll

A bankroll refers to the amount of money a person has set aside specifically for betting or gambling purposes.

  • For example, “I’m using my bankroll to place bets on the football games.”
  • In a discussion about responsible gambling, someone might say, “It’s important to set a limit on your bankroll to avoid overspending.”
  • Another might comment, “A successful gambler knows how to manage their bankroll effectively.”

6. Action

In the context of betting, “action” refers to placing a bet or making a wager. It can also be used to describe the total amount of money being wagered on a particular event or game.

  • For example, a sports bettor might say, “I’ve got action on the Lakers game tonight.”
  • In a casino, a dealer might ask a player, “Do you want to join the action at this table?”
  • A friend might ask, “Are you in on the action for the poker game tomorrow night?”

7. Underdog

An underdog is a team or player that is not favored to win a particular game or match. Betting on the underdog can potentially result in a higher payout if they win.

  • For instance, in a boxing match, one might say, “I’m putting my money on the underdog to win by knockout.”
  • In a sports discussion, someone might argue, “The underdog often has more motivation to prove themselves and can surprise everyone.”
  • A bettor might say, “I like betting on the underdog because the odds are usually better.”

8. Chalk

“Chalk” is a term used to refer to the team or player that is favored to win a game or match. It is often associated with betting on the favorite.

  • For example, a sports commentator might say, “The chalk for this game is the reigning champions.”
  • In a sports bar, someone might ask, “Who’s the chalk in tonight’s game?”
  • A bettor might say, “I’m going with the chalk because they have a stronger record.”

9. Handicap

In betting, “handicap” refers to giving one side or team a disadvantage in order to equalize the odds. It is often used in sports betting to create more balanced matchups.

  • For instance, in a soccer match, one team might start with a one-goal handicap, meaning they need to score two goals to win.
  • In a conversation about betting strategies, someone might say, “I like to bet on teams with a handicap because they have more to prove.”
  • A bettor might ask, “What’s the handicap for tonight’s basketball game?”

10. Double down

“Double down” is a term used to describe the act of increasing the bet after a loss in order to recoup the previous loss. It is often associated with blackjack, but can also be used in other forms of gambling.

  • For example, a gambler might say, “I’m going to double down on this hand to try and make up for my previous losses.”
  • In a casino, a dealer might ask a player, “Would you like to double down on that hand?”
  • A friend might say, “If you’re confident in your hand, it might be worth it to double down.”

11. Fade

In the context of betting, “fade” means to bet against someone or something. It refers to placing a wager on the opposing outcome or team.

  • For example, if someone believes a particular team will lose a game, they might say, “I’m going to fade them and bet on the other team.”
  • In a sports betting discussion, a user might ask, “Is it wise to fade the favorite in this situation?”
  • A bettor might explain their strategy by saying, “I like to fade the public and go against the popular opinion.”

12. Pot

In the context of betting, “pot” refers to the total amount of money wagered by all participants in a bet or game.

  • For instance, in a poker game, a player might ask, “What’s the pot?” to find out the current amount of money at stake.
  • In a discussion about betting, someone might say, “The pot for this race is over $10,000!”
  • A user might comment, “I’m going all-in to try and win the pot.”

13. Juice

In the context of betting, “juice” refers to the commission or fee charged by a bookmaker for facilitating a bet. It is also known as vigorish or vig.

  • For example, a user might ask, “What’s the juice on this bet?” to find out the amount they need to pay the bookmaker.
  • In a discussion about sports betting, someone might say, “The juice is too high on this game, I’m going to look for better odds.”
  • A bettor might comment, “I always factor in the juice when calculating my potential winnings.”

14. Cover

In the context of betting, “cover” means to win a bet by meeting or exceeding the point spread. It usually refers to the performance of a team or individual in relation to the predicted outcome.

  • For instance, if a team is favored to win by 5 points and they win by 7 points, they are said to have covered the spread.
  • In a discussion about betting strategies, someone might say, “I always look for teams that consistently cover the spread.”
  • A user might comment, “The underdog covered the spread and surprised everyone.”

15. Push

In the context of betting, “push” refers to a situation when a bet results in a tie or draw. In such cases, the original wager is returned to the bettor without any winnings or losses.

  • For example, if a bet is placed on a team to win by 3 points and they win by exactly 3 points, it is considered a push.
  • In a discussion about betting outcomes, someone might say, “I was hoping for a win, but it ended up being a push.”
  • A user might comment, “Pushes can be frustrating, but at least you get your money back.”

16. Lock

This term is used to describe a bet that is considered to be a guaranteed win. It implies that the outcome is so certain that there is no risk involved.

  • For example, “The Patriots winning the Super Bowl is a lock.”
  • A sports analyst might say, “This game is a lock for the home team.”
  • A bettor might confidently state, “I’m putting all my money on this horse, it’s a lock.”

17. Wagering

The act of placing a bet or making a gamble. It involves risking something, usually money, on the outcome of an event or game.

  • For instance, “I enjoy the thrill of wagering on sports.”
  • A person discussing their gambling habits might admit, “I’ve been wagering on poker games for years.”
  • A bettor might say, “I’m new to wagering, but I find it exciting.”

18. Ante

The initial amount of money or chips that each player must contribute before a hand is dealt in a card game, or before the start of a betting round. It establishes a minimum amount that must be wagered to participate.

  • For example, “The ante for this poker game is $10.”
  • A person explaining the rules of a card game might say, “Everyone must put in an ante before the hand is dealt.”
  • A bettor might ask, “What’s the ante for this blackjack table?”

19. Stakeholder

In the context of betting, a stakeholder refers to a person or entity that has an interest in the outcome of a bet or wager. This can include bettors, bookmakers, or anyone who stands to gain or lose something based on the result.

  • For instance, “The casino is a stakeholder in every bet placed.”
  • A person discussing a horse race might say, “The owners of the competing horses are the stakeholders.”
  • A bettor might consider themselves a stakeholder in a sports game they have bet on.
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20. Lay

To lay a bet means to bet against a particular outcome. It is the opposite of backing a bet, where you bet in favor of an outcome. When you lay a bet, you are essentially acting as the bookmaker and offering odds to other bettors.

  • For example, “I’m going to lay a bet that the home team will lose.”
  • A person discussing their betting strategy might say, “I like to lay bets on underdogs.”
  • A bettor might ask, “What are the odds if I want to lay a bet on this horse?”