A wager of any kind. A slang term for betting in general. For example; the bookmaker saw plenty of action on the game.

Refers to taking or laying points (aka the spread) as opposed to taking a game straight up. Placing a bet where the outcome will be decided by a point spread.

A scenario where the odds available on a single betting market make it possible to make more than one bet and guarantee a profit.

The simultaneous purchase and sale of the same game in different markets to profit from unequal prices.