Betting glossary of terms

The team that is expected to lose straight up. A leader in the online betting market. Exposure - The maximum amount of money a sportsbook stands to lose on a game. 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. Outright Odds

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Betting Dictionary

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…. Double chance betting is usually deployed by punters who enjoy backing the underdogs with its main feature the fact that it covers two out of three possible outcomes.

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…. If a punter backs a team in the Draw no bet market, his bet will win if his team emerge victorious, while the full stake will be refunded in case of a draw. The bet loses if the backed team lose the game in…. Dutching is a betting system used to cover several contenders in an event, making sure each and every one of those bets guarantees the same profit, while eliminating major underdogs.

This ensures the same profit regardless of which bet wins, obviously provided one of the backed contenders do win the event. This kind of strategy…. An "each way bet" is offered by bookmakers and refers to two separate bets on the same stake; a win and a place bet. This is most commonly used in horseracing when the punter bets on the horse to win, or place usual top 3.

If the horse places, then the odds will be fractionally…. There is a good chance that all of you have heard of Asian handicap, but European Handicap is not such a familiar term. With European Handicap, one of the two teams is given an advantage before the match starts, but there are still three possible outcomes — home win, draw and away win. Evens bet is a bet placed at odds of 2. The players only need to win every other bet placed on even odds or higher to….

An exacta, or perfecta, is commonly used in horseracing in which the punter must correctly pick the order of those finishing in first and second place exactly. 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.

Regardless of how much the odds fluctuate after you have placed your bet, your potential returns will not change. All you have to do is…. Forecast is a wager on a single event that requires a punter to correctly predict the finishing order of the first two finishers in the event. 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….

The martingale system refers to an investor increasing their stake on a new bet each time they lose. The logic is that eventually a bet will win and the money lost will be earned back in addition to winnings. These kinds of bets are basically seen as promotional offers seeing they…. 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. Almost all online bookmakers now offer a wide selection of novelty bets, and contrary to the general opinion, these have generated some impressive payouts in the past.

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. 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. 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. 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. Click a letter below to jump to that section of the glossary. 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. Cover - To beat the pointspread by the required number of points.

When you win, you have "covered the spread. Double Action - An "if bet" that is processed when the precedent bet wins, ties or cancels. Double Bet - A wager for twice the size of one's usual wager; also known as "double pop" or "doubling up. Exotic - Any wager other than a straight bet or parlay, also called a prop or proposition.

Favorite - The team expected to win an event. The quoted odds reflect the extent to which the choice is favored. Futures - Bets placed on an event or outcome taking place some time in the future e. Grand Salami - The grand total of goals scored in all the hockey games of the day. Handicapping - The attempt to predict the outcome of sporting events. Hedging - Placing wagers on the opposite side in order to cut losses or guarantee a minimum amount of winnings.

Hot Game - A game that is drawing a lot of action on one side from knowledgeable handicappers. Linemaker - The person who establishes the original and subsequent betting lines.

Also known as "oddsmaker. Listed Pitchers - A baseball bet which will be placed only if both of the pitchers scheduled to start a game actually start.

If they don't, the bet is cancelled. Middle - To win both sides of the same contest in a sports betting event. Wagering on the underdog at one pointspread and the favorite at a different pointspread and winning both sides. Move the Line - A player pays an additional price to receive half a point or more in his favor on a pointspread game.

Outlaw Line - The earliest line in sports betting. This is an overnight line that only a handful of players are allowed to bet into. Parlay - A bet on two or more teams or outcomes where the original stake and winnings are reinvested on the next wager.

All selections must be correct for the parlay to win. In the event of a push or a game cancellation, the parlay reverts to the next lower number e. Pointspread - The handicap, or head start, which the favorite gives to the underdog for betting purposes.

Prop Proposition Bet - A special wager offered by the sportsbook on unique and various topics. These wagers can be on sporting events, politics, and even trial outcomes. The wagers use the moneyline format of payoff odds and might include who scores the first touchdown in the Super Bowl, who will win the next presidential election, or whether or not someone on trial will be found guilty. Puckline - Giving odds of a goal spread in hockey instead of using a Canadian Line, where both a goal spread and moneyline are played.

Scouts - Person s who waits for what he thinks is an unusually strong wager. Also known as a "sports player. Steam - When a line starts to move rapidly.

Most "steam games" do not necessarily reflect objective circumstances, but are games that draw a mass of bettors for some reason. Teaser - A bet on two or more teams where the line on each team is adjusted in the favor of the bettor. Like a parlay, all selections must be correct for the teaser to win.

Tie - A wager in which no money is lost nor won because the teams' scores were equal to the number of points in the given line.

Totals Bet - A proposition bet in which the bettor speculates that the total score by both teams in a game will be more or less than the line posted by the sportsbook. Underdog - The team perceived to be most likely to lose. Also known as the "dog" for short. Vigorish - The bookmaker's commission on a losing bet; also known as "juice" or "vig" for short.

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Advertise Betting Terminology Free Odds. Across the Board - A method of wagering on a horse to win, place and show. Bad Beat - A wager that loses unexpectedly. Book - An establishment that accepts bets on the outcome of sporting events.

Canadian Line - A combination pointspread and moneyline in hockey.