Slang
Sharp
A bettor who wins over time, usually by taking prices better than the closing line. The opposite is a ‘square’.
Also called Sharp bettor, Wiseguy
- Good to know
- Some bookmakers welcome sharps and use their bets to shape prices; most limit them.
Related
Odds & margin
Closing line value
How your price compares with the final price just before the event starts. Taking a better price than the close is seen as the best sign of good betting.
Slang
Limited
When a bookmaker caps the stakes you can place or removes you from offers, often after you win or take mostly promotions.
Slang
Steam
A fast, sharp drop in a price across bookmakers, usually because large or well-informed money came in.
Spotted a mistake? Tell us