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Betting terms explained sport spread betting offerstation

Betting terms explained

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Bookmakers or bookies are licensed betting companies which provide odds and take bets from punters. BTTS is typically used in football betting. Cash out is a feature that allows punters to settle their bets before an event has finished. You can either lock in a profit or cut your losses if you feel your bet is heading the wrong way. A sporting term used to describe when a team do not concede a goal during a fixture. A combination bet consists of more than one selection.

It differs from an accumulator in that if one selection loses, the remaining bets still stand. Correct score is a betting market in which the punter predicts the exact score of an outcome. Similar to an accumulator, just with fewer selections. A double bet consists of two single selections in one bet. You need to land both selections to win this bet. The odds of a double bet are calculated by multiplying the odds for the two single bets. These bets are popular as returns can be high. Double chance betting offers the possibility of two outcomes instead of the common three for a football match.

It allows the punter to bet on a win or a draw. This betting term refers to selecting a number of different outcomes for one event in order to ensure the same amount of winnings if any of them win. Each way bets are a type of betting format that combines two bets in one.

One part of the bet is for the win and the other part is to place. An each-way bet is settled as two bets and the place part is calculated at a fraction of the win odds. The amount of money a bookmaker or punter stands to lose. This is important when placing bets at a betting exchange. The most likely to win a certain event is called the favourite. The runner or player with the lowest odds. In-play betting refers to when you place bets after an event has started. Lay betting at an exchange is when you bet against an outcome.

Lengthen is a betting term that refers to when a bookmaker increases the odds for a certain market. Multiples are just another term for accumulators. An outsider is a runner, team or individual that is deemed unlikely to win an event. Outsiders have high odds. This is generally used when betting on horse racing. A relatively new feature that allows punters to build their own bets.

The bookmaker must accept the bet and the odds for the bet to be placed. This betting term refers to the process in which traders look to profit from market movements rather than the outcome of an event. In the case of a void bet, your selection is effectively cancelled. Accumulators Accumulators or Accas are bets that combine four or more single bets.

These bets are very popular with football betting. Ante-post Ante-post refers to bets placed long before an event actually starts. Arbitrage betting Arbitrage betting or arbing is a strategy in which gamblers bet on all possible outcomes at different odds to ensure a profit no matter what the result of the event is. This betting method involves a number of calculations in order to work out suitable stakes. Asian handicap Asian handicaps are a method of betting that level the playing field between runners or teams.

Bar In a horse race, certain runners may have such an outside chance that their odds are not quoted before a race. Banker bet This betting term refers to your favourite for an event. Bet When a punter wagers a certain amount of money on an outcome to happen. Betting exchange A peer-to-peer online betting platform that matches gamblers together.

Cash out Cash out is a feature that allows punters to settle their bets before an event has finished. Most bookmakers offer some kind of cash out function in Chalk The chalk is another term for the favourite. Clean sheet A sporting term used to describe when a team do not concede a goal during a fixture.

Dog aka Underdog — the term dog represents a team or a player who is expected to lose a game. Double — An accumulator bet which involves two selections. Both selections must be successful to win the bet. Double Chance — one of the basic soccer bets. With double chance bet, bettor reduces three outcomes of a soccer match to two. A double chance is a low-risk bet, but for that reason, the odds are low in that market. Dutching — is a betting system in which bettor divides his initial stake into several selections.

That way, bettor covers all the outcomes and makes a safe bet that will bring him profit regardless of the outcome. This betting system is mostly used in horse race betting. Each Way — a bet that consists of two independent bets, one for the winner and one for the placement of the same horse or a player. This type of bet is mostly used in horse and greyhound racing, and golf betting. Edge — this betting terms represents the imaginary advantage that bettor perceives over the bookmaker.

This happens when abettor feels that the odds or lines are not set correctly and considers that bet to be of great value. Even money means that sportsbooks think the game has chance to finish either way. Favorite — this term indicates that the player or team is deemed by the bookmaker to win the match or a game.

You will be able to identify favorites easily by looking at odds as favorites rank from 1. Fractional odds — a type of odds shown in fractional format mostly used in the United Kingdom. Future bet — see Ante-Post. Gamblers Anonymous — GA is a twelve-step program for people who have a gambling problem.

Gambling addiction is a severe problem that needs to be adequately treated. If you feel that you lost control over your gambling habits you should ask for help! Goal Line Market — a type of Asian Handicap betting market in soccer. In this betting market, bettors predict a number of goals that will be scored by both teams in the game. Goliath — a multiple bet system that consists of separate bets 28 double bets, 56 treble bets, 70 four-fold bets, 56 five-fold bets, 28 six-fold bets, 7seven-fold bets, and one eight-fold bet.

To win some money, you need to predict correctly at least two from eight selections. Half Time Bet — A bet on the result of the first half of a specific game only. Handicap — a numerical advantage set by the sportsbook to balance the chances of both teams in the game.

Half-ball Handicap — a handicap which is 0. Hedging — see Arbitrage Betting Heinz — a multiple bet system that consists of 57 separate bets 15 double bets, 20 treble bets, 15 four-fold bets, 6 five-fold bets, and one six-fold bet. To win some money, you need to predict correctly at least two from six selections. In-play Betting — is a betting discipline where bettor places a bet on an event that is in progress. The odds in the in-play market move in real-time, depending on the current score.

Kelly Criterion — one of the most popular advanced staking methods. Kelly Criterion is maybe the most used staking system among professional bettors, but it also is one of the most difficult methods to follow. When you place the bet, you are backing your selection, and when the sportsbook accepts your bet, they are laying that selection. Live-betting — see In-play Betting. Longshot — combination bet that has a high odds and low probability of winning. Matched Betting — a betting discipline that is similar to Arbitrage Betting.

Money Line — the money line is one of the three basic bet types. Simply, the money line is the bet on match-winner. This type of betting market is available in any sport. Multiple — see Accumulator, Parlay. No action — a term most commonly used in horse racing, and represents a bet where no money is won or lost. No deposit bonus — a type of bonus that bookmakers give quite rarely to the customers.

What is specific about this type of bonus is the fact that it is enough to just register without having to make a deposit, and the bookmaker gives you free money. Of course, bonuses like this are usually low, with pretty strict terms and conditions. Odds — the odds represent the value with which a bookmaker predicts that a certain team or a player will win or lose the game. Odds format — there are several types of odds that are commonly used in online sportsbooks.

The most popular are Decimal, Fractional, and American odds. Outsider — an opposite term of a favorite. Over — a bet on whether the number of goals or points on a certain match will be over the line set by the sportsbooks. Price — see Odds Push — when the selection ends without a winner or a loser, and bettor gets his original stake back.

Runner — an individual who places bets for another person. Sharp bettor — a professional bettor. Sportsbook — another term for a bookmaker. Spread betting — one of the most popular betting markets. Spread betting is most popular in football and basketball. Sportsbook offers a spread on the outcome of the game, and bettor chooses to back favorite or underdog with a handicap.

Tipster — a person who provides tips for other people. Treble — the combination bet that consists of one bet with three selections.


If a game is taken off the board, it is no longer available to bet on even though it had been originally offered. Outright bet is a bet placed on the outcome of an entire league or competition rather than on an individual game. Outright bets are usually placed before the season starts but are also available even during the course of the competition.

These kinds of bets are characterized by much higher returns when compared to regular…. A point spread can be considered a handicap of sorts and refers to providing a team with a point spread. For instance instead of just betting on a team to win, the favorite might have to win by a set number of points point spread. This makes betting more fair when particular underdogs are playing…. A quinella is commonly used in horseracing and is similar to an exacta or perfecta, in that the punter must select the winning two horses.

The difference is that the winning two horses can be in any order. Scorecast bet basically consists of two separate bets, meaning that it can be seen as an accumulator. You need to correctly predict the player to score the first goal in a match as well as the correct result of the same match in order to win a scorecast bet. Scorecast betting is extremely attractive to…. Single bet is a bet placed on just one selection or market, allowing you to earn some profit by guessing just one match correctly.

When placing single bets, your return will not depend on the outcome of several matches, so you can cash in as soon as you have guessed one selection correctly. Because they…. The starting price is commonly used in horse and greyhound racing, and refers to the odds, or starting price, of the horse or greyhound at the start of the race.

System bet is in many ways similar to accumulator bet as it is placed on a number of selections, but with the big difference being that not all selections need to be guessed correctly to qualify for a return. System bets can be played with bankers, in which case all selections marked as bankers need…. Teaser bets are in some ways similar to parlays considering that all selections need to win in order to qualify for returns, while it is the bookies that determine which matches will be combined to create a teaser bet.

The bookmaker also specified how many points you will get to create a teaser. The main…. Parimutuel betting is a system in which all bets of a particular type are put together in a pool. A tricast is commonly used in horse and greyhound racing and refers to a punter selecting three horses or greyhounds to win 1st, 2nd and 3rd place.

Value bets are wagers that are supposed to give you the best chance of gaining profit. Rather than just backing the favourites, many punters try to find a match where they believe the bookmaker has made a mistake when quoting the odds and wagers on such matches are regarded as value bets.

Checking whether a…. Void bet is common in Asian handicap bets, but it can also happen when you are backing a player…. More conventional punters are not prepared to take any risks and they usually stick to already well known markets, but there is now a huge number of bettors who are eager to try out the new betting options and see if these can be used to make steady profit. With new betting terms coming out of the online betting cuisine almost every day, even the most experienced punters have problems understanding the latest terminology, so you can only imagine how a player new to the online betting world feels when he first comes across such words as outright bet, system bets or forecast.

Understanding the current situation in the online betting market, our betting experts have given their best to find all the football betting terms that could create some confusion among the football punters to create a unique betting glossary football. Our soccer betting glossary features full explanations of less familiar betting terms, outlining its key features, pros and cons, as well as letting you know in what capacity that particular betting market is commonly used.

While often mentioning terms that you will find in our betting glossary, online bookmakers rarely provide explanations for the terms, leaving the players to scour the web looking for exact definitions. Instead of spending your precious time searching for the meaning of certain betting terms, you can simply visit our comprehensive soccer betting glossary and find out everything there is to know about the new market or type of betting you have encountered on.

The glossary will be regularly updated, as we will make sure to add all the latest betting terminology so that you are always up to date with the latest developments from the online gambling industry. The main idea behind this glossary is to provide you with simple explanations for less familiar terms you are likely to come across on numerous occasions during your betting campaign, and offer you typical examples designed to help you understand how each and every betting market is calculated and when you can expect the returns.

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Share Tweet Gmail Add. Get familiar with common terms used in betting. Browse By Alphabet: Click a letter below to jump to that section of the glossary. Read More. Since it is well known that bookmakers each have unique odds, it is possible to bet on one competitor at bookmaker A and bet on the second competitor at bookmaker B or… Read More. B Banker Bets Banker bets are bets placed on hot favourites and are, therefore, expected to bring certain profit. C Closing Line Otherwise known as the final line, the closing line refers to the betting line before a bookmaker sets the odds for an event.

D Double Betting Double bet is the simplest of all accumulators as it consists of just two selections, both of which need to be guessed correctly in order to qualify for a return. Offering higher returns than singles and giving better chances of winning than multi-bet accumulators, double bets or simply doubles are used by a huge number… Read More. By taking a double chance on a team, you win the same amount of money if your team win or if they draw, meaning that only the… Read More. The bet loses if the backed team lose the game in… Read More.

This kind of strategy… Read More. E Each Way Bet An "each way bet" is offered by bookmakers and refers to two separate bets on the same stake; a win and a place bet. If the horse places, then the odds will be fractionally… Read More. There are… Read More.

The players only need to win every other bet placed on even odds or higher to… Read More. F Fixed Odds Betting Fixed odds betting is a process of placing bets on pre-determined odds, meaning that you know exactly how much you stand to earn at the time of placing a bet. All you have to do is… Read More. Forecast bets are usually placed as outright bets on the outcome of a football competition, with punters usually predicting the two teams to finish as 1st and 2nd in… Read More.

M Back to Top Martingale The martingale system refers to an investor increasing their stake on a new bet each time they lose. These kinds of bets are basically seen as promotional offers seeing they… Read More.

N Back to Top Novelty Betting As the term suggests, novelty betting is not your average type of wagering and it involves betting on events that have almost nothing to do with sports. Some… Read More. O Back to Top Off the Board If a game is taken off the board, it is no longer available to bet on even though it had been originally offered. The… Read More. These kinds of bets are characterized by much higher returns when compared to regular… Read More.

This makes betting more fair when particular underdogs are playing… Read More. Q Back to Top Quinella Bet A quinella is commonly used in horseracing and is similar to an exacta or perfecta, in that the punter must select the winning two horses. S Back to Top Scorecast Betting Scorecast bet basically consists of two separate bets, meaning that it can be seen as an accumulator. Scorecast betting is extremely attractive to… Read More. Because they… Read More. Parlay : A wager in which multiple teams are bet, either against the spread or on the money line.

The more teams you bet, the greater the odds. Pick 'em : A game with no favorite or underdog. The point spread is zero, and the winner of the game is also the spread winner. Point spread or just "spread" : The number of points by which the supposed better team is favored over the underdog.

Proposition or prop bet : A special or exotic wager that's not normally on the betting board, such as which team will score first or how many yards a player will gain. Sometimes called a "game within a game. Push : When a result lands on the betting number and all wagers are refunded. For example, a 3-point favorite wins by exactly three points. Square : A casual gambler. Someone who typically isn't using sophisticated reasoning to make a wager.

Steam : When a line is moving unusually fast. It can be a result of a group or syndicate of bettors all getting their bets in at the same time. It can also occur when a respected handicapper gives a bet his followers all jump on, or based on people reacting to news such as an injury or weather conditions. Straight up : The expected outright winner of the money line in an event or game, not contingent on the point spread. Teaser : Betting multiple teams and adjusting the point spread in all the games in the bettor's favor.

All games have to be picked correctly to win the wager. Total : The perceived expected point, run or goal total in a game. For example, in a football game, if the total is 41 points, bettors can bet "over" or "under" on that perceived total. Tout service : a person or group of people who either sells or gives away picks on games or events. Underdog : The team that is expected to lose straight up. You can either bet that the team will lose by less than the predicted amount ATS , or get better than even-money odds that it will win the game outright.

Skip to navigation. Betting: Glossary of common terms. Bucs equal bucks as U. Tampa Bay Buccaneers. Kansas City Chiefs. Sportsbook offers refunds after Reed controversy. LeBron now MVP favorite at some sportsbooks. Los Angeles Lakers. It's flipping madness: 'Startling' amount bet on Super Bowl coin toss.

A gamble on Brady's move to Tampa Bay leads to profits. Notable Super Bowl betting trends. Notable Bets: Mahomes' injury throws oddsmakers for a loop. Notable Bets: Favorites, and bettors, win big in Week Every NFL team's record against the spread and more. Notable Bets: Receiverless Browns let down betting public. Notable Bets: A Jets bet you won't believe. Notable Bets: NFL underdogs taking toll on betting public.

Notable Bets: Jets spoil biggest win of season for bookmakers. Notable Bets: The remaking of the Saints-Broncos point spread. Notable Bets: Survivor contest disaster, plus another bad Sunday for betting public. Midseason NFL betting report: Prime time 'dogs and overs shining. Betting battleground: The fight over where people bet in the future.

Todd Gurley mistake, missed PAT produce big swings at sportsbooks. Atlanta Falcons. Best individual betting seasons for every NBA team. NBA's 10 best betting seasons of the past 30 years. NBA's five best franchises to bet on over the past 30 years. Worst individual betting seasons for every NBA team. NBA's 10 worst betting seasons of the past 30 years. NBA's five worst teams to bet on over the past 30 years.

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