No, it has nothing to do with having an advantage in a game of basketball. HomeCourts is a jailbreak tweak that lets you access a series of banners on the Home screen that serve as shortcuts. I still don't quite get the name, but I think it has something to do with shortcuts being on the Home screen? That's my best guess anyway.
HomeCourts features pairs of configurable shortcuts. There are two shortcuts for making a phone call, two for sending a message, two for launching websites, etc. All of these shortcuts can be assigned and configured in the Settings app. Needless to say, HomeCourts is about as cumbersome as it gets for a jailbreak tweak.