Decoding Sports Betting Slang: Handle

The world of sports betting is filled with special terms and jargon. One term that bettors often encounter is "Handle," which refers to the total amount of money wagered on a game or event.

In sports betting terminology, the "Handle" denotes the total sum of money wagered on a specific game, event, or even within a specific timeframe. This includes all bets placed, regardless of the outcome.

The term "Handle" is believed to have roots in the old casino industry, derived from pulling the handle on a slot machine. Over time, it has come to represent the total amount wagered.

The concept of "Handle" intersects with other betting terms such as "Gross Gaming Revenue" (the amount the bookmaker keeps after paying out winnings) and "Hold" (the percentage of the handle that the sportsbook retains).

Example 1

In a discussion about a major sports event, a commentator might say, "With all the hype surrounding this match, the sportsbooks are expecting a large handle."

Example 2

During an interview, a sportsbook operator might share, "Despite the unpredictable nature of the event, our handle was significantly high, which shows the keen interest among the bettors."

Example 3

In a sports betting guide, an author might write, "Understanding the handle can give bettors insights into the popularity of a game or event, and potentially, the confidence of other bettors."