Just as promised here's another list of sports betting terms, this time from G to L. Enjoy and hope this helps you in understanding better the punter language.

G

Grand (can also be called Big’un) – GBP £ 1,000

Getting down - Placing a bet on a game or sports event.

H

Handicap - A system used by bookmakers to make a one sided event become a more attractive betting proposition to the punter. Example of a handicap is giving the underdog or weaker team a goal advantage to balance the game.

Handicapper - A person who studies factors such as statistics, injuries, weather and news to predict the outcome.

Handle - Total amount of money wagered.

Hedge - To reduce losses or guarantee winnings by placing bets on opposing outcome to the punter’s original selected outcome

Heinz - A Heinz is a multiple bet consisting of 57 bets involving 6 selections in different events. The
multiple bet breakdown is 15 doubles, 20 trebles, 15x4-folds, 6x5-folds and one 6-fold.

Hold -the percentage of the house wins

Home Field Advantage – The edge the home team have over their opponents as a result of familiarity with the playing area, favourable demographics and effect of travel on the visiting team.

Hook A half - point.

Hot Tip Information the bookmaker is not yet privy to.

J

Joint Favourites - When a sports book or bookmaker cannot split two teams for favouritism, they may both be joint favourites.

Jolly - Bookmakers slang for “Favourite”.

Juice (also called Vigorish or Vig) - A bookmaker's commission.

K

Kite - a cheque/check

L

Lay a Bet - A bookie accepting a bet.

Lay a Price – To bet.

Layer – Also means bookie.

Layoff - A wager made by one bookmaker with another to help equalize the excess action he accepted from customers and reduce his risk on one side.

Limit - Maximum bet accepted by the house before the price will be changed.

Line – The odds that are offered to the punters

Lock (or Banker) - term for an almost certain winner.

Long Odds - Generally greater than 10:1.

Longshot - A team or player that is considered to be a huge underdog and not likely to win at all.

Lucky 15 - A Lucky 15 consists of 15 bets involving 4 selections in different events, i.e. 4 singles, 6 doubles, 4 trebles, and 1 fourfold. As a consolation if you only have one winner it will be paid at double the odds. If you get all four winners, a 10% bonus will be added to your returns.

M

Margin - The amount a competitor in an event finishes compared to its competitor.

Middle -To win both sides of a game. For example, if you bet the underdog +3 1/2 and the favorite - 2 1/2 and the favorite wins by 3, you've MIDDLED the book.

Money Line - (Action Line or Spread Betting) The amount that must be wagered to win $100, or the amount won for a $100 wager.