Sports Explained: Glossary W

Sportsbook Glossary: Ww


Any type of bet on a game or event.

War Room
In the NHL, an office in Toronto headquarters where games are viewed and reviewed.

World Boxing Association.

World Boxing Council.

To fail to pay a gambling bet.

A very large bettor. A regular player that bets thousands per game or event.

The term used to describe a 1st place finish. Horse/Dog racing wager in which your selection must win in order to cash on your selection.

Win Only
Betting on a competitor to win an event. Also known as ‘Straight Out’ or ‘Money Line’ betting. Betting markets where no each-way betting is available.

the amount of money collected by a customer after deducting their original associated stake.

Winning Margin
A bet to predict the winning margin of one team over another.

Wise guy
A sharp, successful, established professional sports bettor. (In terms of Las Vegas sports betting, this has nothing to do with Tony Soprano, Henry Hill & Co.) A well-informed, knowledgeable, and successful sports handicapper or player.

The price of a heavy favorite. (If you bet the Red Sox as a minus 240 favorite, you "lay the wood" with the Red Sox.)

World Series Baseball
Annual championship series of North American-based Major League Baseball (MLB), played since 1903 between the American League (AL) champion team and the National League (NL) champion. The final seven games of the baseball playoffs between the two league champions to determine the world champion.