Check out the 3rd part of our list of sports betting jargon and slang terms and have a better grasp on punter talk.

N

NICKEL - $500

O

Odds – A sportsbook's view of the winning chance of a competitor, it is adjusted to include a profit.

Oddsmaker/Odds Compiler - The person or group that establishes the line, spread, or betting odds

Odds On Favourite - A team or individual so favoured by the public that the odds are less than even.

Odds-on - An Odds-on bet has a Minus sign in front and is worked out in reverse. It is the amount you wager to win $100.

OTB or Off the Board - A game or event on which the online sportsbook will not accept action on. OTB is usually due to the uncertainty of the status of a player or inclement weather

Outsiders – Non favorites and are not expected to win. Usually offered at lengthy odds.

Over/Under - A bet on whether the total points or goals scored by the two teams will be over or under a specified number.

Overplay - An advantage for the bettor in which the price on a given wager is greater than the real probability of its success.

P

Parlay - A multiple bet. Making simultaneous selections on two or more games with the intent of pressing the winnings of the first win on the bet of the following game selected, and so on. Selection must all win for the bettor to win.

Past Post - To place a wager after an event has started

PK or Pick - Evenly matched teams or a game with no favourite.

Pointspread -The online betting line or handicap.

Price – Odds.

Proposition Bet - A wager on a particular aspect of the game such as how many field goals will be made.

Puppy-Underdog

Push-Tie on wager. If the result of a game lands exactly on the pointspread or if the exact score of the game matches exactly the sportsbook's posted game total.

Punter - Bettor.

R

Return - Your total winnings on a bet.

Round Robin - A single ticket comprised of more than one parlay. A bet consisting of 10 bets involving three selections in different events.