What Does ‘Pony’ Mean in Sports Betting?

In sports betting slang, a “pony” is a term used to refer to a $25 bet.

It’s a piece of betting jargon, similar to how a “dime” means $1,000, or a “nickel” means $500.

So, if someone says:

• “I put a pony on the Lakers tonight,” it means they bet $25 on the Lakers.
• “He usually only bets ponies,” it means he typically wagers in $25 increments.

While “pony” is most commonly associated with $25, it’s worth noting that some older or regional slang terms can occasionally vary. However, in modern sports betting conversations, $25 is the widely accepted value for a “pony.”