Slang
Steam
A fast, sharp drop in a price across bookmakers, usually because large or well-informed money came in.
Also called Steamer
Example 2.40 to 1.95 in ten minutes.
Related
Slang
Drifter
A selection whose price keeps getting bigger before the start, because the market fancies it less.
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
Sharp
A bettor who wins over time, usually by taking prices better than the closing line. The opposite is a ‘square’.
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