Sports Explained: Glossary E

Sportsbook Glossary: Ee

Written by on July 31, 2018


Each Way
A two part bet, one part on the selection to win, the second part on the selection to place. The place part will be settled at the each way terms of the event, e.g. 1/4 of the odds.

Eagle Golf
Eagle means scoring two under par (-2).

Early line
The first line posted for a game.

Earn
Practical hold percentage, i.e., the total amount won by a bookmaker divided by the total amount booked.

East Coast Line
A term used mainly in ice hockey, which has a split-goal line, e.g., Detroit Red Wings favored over Vancouver Canucks (1-1.5) as opposed to a spread plus money line (-0.5 -180).

Edge
A bettors’ advantage against the house. This will typically refer to an instance where you have a positive expected value.

End Zone Football
The end zone refers to the scoring area on the field. It is the area between the end line and goal line bounded by the sidelines. There are two end zones, each being on an opposite side of the field. It is bordered on all sides by a white line indicating its beginning and end points, with orange, square pylons placed at each of the four corners as a visual aid. Canadian rule books use the terms goal area and dead line instead of end zone and end line respectively, but the latter terms are the more common in colloquial Canadian English.

Even Money
A bet on a matchup where both sides don’t show any vig (i.e., EV, +100).

Exacta or Perfecta
Horse betting terms referring to the method of betting on a horse race in which the first and second place horses are picked to cross the finish line in a specified order.

Exclusion Rule Multi Bets
A rule that states the bets you can’t combine on the betslip into Multi Bets. This may be because the bets are related.

Exotic Wager
Betting action other than a straight wager, e.g., teasers, futures, round robins etc. Example- Prop bets.

Exposure
Amount of money the player or book stands to lose on any action.

Extension
the amount of money the book, theoretically, risks losing on an event.