Betting Terms
| Parlay |
In sports wagering, a bet with two or more teams in which all teams must win or cover for the bettor to win and receive higher payouts. |
| Past Post |
To make a bet after the event has begun. |
| Perfecta |
In horse racing, a wager in which the player selects the two horses in a race to finish in 1st and 2nd places in exact order. |
| PGA |
Professional Golfers Association. |
| Picks |
Betting selections, usually by an expert. |
| Pick 'em |
When neither team is favored. Also called a "pick" in sports betting terms. |
| Place |
A horse racing wager in which you collect if your horse finishes first or second.| |
| Pleasers |
A pleaser is a group of NFL side straight bets combined into one bet. |
| Point spread |
In sports betting this is the predicted scoring differential between two opponents as quoted by a sports book. |
| Post Time |
The scheduled starting time. |
| Power Ratings |
The strength of a team in comparison to another team. |
| Press |
In sports betting this means to wager a larger amount than usual. |
| Price |
Sports betting term for the odds or point spread. |
| Prop (Proposition) Bet |
In sports gambling this is a special wager offered by the sports book on unique and various topics. These wagers can be on sporting events, politics, and even trial outcomes. The wagers use the money line format of pay off odds and might included who scores the first touchdown in the super bowl, who will win the next presidential election, or whether or not O. J. will be found guilty. |
| Proposition Bet |
A wager on a particular aspect of the game such as how many field goals will be made. |
| Puckline |
A puckline for sports wagering is giving odds of a goal spread instead of using a Canadian Line in hockey, where both a goal spread and money line are played. |
| Puppy |
The underdog in an event. |
| Push |
When the contest ends with no winner or loser for wagering purposes. |
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