betting glossary

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betting guide glossary
betting guide glossary

If you are a new player who enters the world of online betting, you should know that there are a lot of betting terms to learn. You should spend some time to read what these terminologies mean, so it will be much easier for you to deal seriously with your bets and will generally give you the knowledge to understand any kind of special betsAdvanced bets relating to any sport event, combos and more.

Below you will find a complete sport and football betting glossary, so you can refer to it whenever you have a question, and combined with our daily tips you should get a complete picture of the bets you make.

We believe that our dictionary covers the most important definitions for sports bets terms and the appropriate words or phrases for gambling acronyms. If you came across a term that isn’t in our betting glossary, contact us and we’ll add it along with it’s necessary information.

 

A

Accumulator (Long term bet) :

Is a bet in which the player combines two or more events on the same coupon. The player will win the bet if all events are successful. More info: Combos Guide

Ante post :
Such a bet can be the champion of an organization, etc. The player can place an Ante postSuch a bet can be the champion of an organization, etc. The player can place an Ante post bet even months before the final result of the event. bet even months before the final result of the event.
Arbitrage :
It’s a bet on an event which ensures secure profit. The player may have a sure profit, by appropriately combining the odds of the market, regardless of the final outcome of the event which he bet. Example: On a football match between Arsenal and Liverpool, a player can find Arsenal to win at 2.10 odds on bookmaker A and Liverpool to win at 2.25 odds on bookmaker B. If the player bets an amount of money at both wins, will have a guaranteed profit, regardless if Arsenal or Liverpool win. For more information read our article about Arbitrage strategy.
Asian Handicap :
It’s a special bet that allows an advantage of goals before the match starts. For example: If there is an advantage of +1 goal for the away team, the home team must win by at least 2 goals difference (2-0, 3-1, 4-2, 3-0 etc.). If there is a draw, the player get back his stake. More detailed information on our Asian handicap guide.

B

Banker (Bet) :
BankerBanker (or Bank) is one or more standard bets that have been played in a combo bet. If the 'Banker' lost in a combo (or at least one of the Banks), the player losses the entire coupon. (or Bank) is one or more standard bets that have been played in a combo bet. If the ‘Banker’ lost in a combo (or at least one of the Banks), the player losses the entire coupon.
Betting exchange :
Bets without the mediation of a BookmakerIs the one who generate odds on events and then accept bets on those events.Bookmaker is also called 'bookie'.. A player does not buy an odd for a match from a Bookmaker, but from another player who can offer better oddsThe odds for an event.There are three types of odds:American, fractional and Decimal. They determine the profit that can occur if the bet won. for this match. Essentially, it’s the feature that some companies offer, where the player becomes a bookmaker.
Betting limits :
This are the limitsThis are the limits within a player can bet. These limits are determined by the Bookmaker, which determines the minimum and the maximum bet on each wager. within a player can bet. These limits are determined by the BookmakerIs the one who generate odds on events and then accept bets on those events.Bookmaker is also called 'bookie'., which determines the minimum and the maximum bet on each wager.
Bookings (Total cards) :
It’s a special bet in which the player predicts if the sum of red/yellow cardsIt's a special bet in which the player predicts if the sum of red/yellow cards in a match are greater or less than the limit set by the Bookmaker. in a match are greater or less than the limit set by the BookmakerIs the one who generate odds on events and then accept bets on those events.Bookmaker is also called 'bookie'..
Bookmaker :
Is the one who generate oddsThe odds for an event.There are three types of odds:American, fractional and Decimal. They determine the profit that can occur if the bet won. on events and then accept bets on those events.Bookmaker is also called ‘bookie’.

C

Canadian :
It’s a system that includes 5 options. This system creates 10 doublesA bet consisting of two selections. Both of them must be won for success., 10 treblesA bet which consists of a combination of three selections., 5 four-folds and an accumulator. The player must be successful in at least 2 of his selections in order to get a return. this selection is also known as Super YankeeA system in which the player makes 4 selections. It creates 6 doubles, 4 trebles and an accumulator. To win, at least 2 of the selections must be successful..
Chalk :
 It’s the team with the lowest odd in one event. It’s also known as ‘Favorite’.
Clean Sheet :
 It’s a special bet in which the player bets if a team will accept or not any number of goals during a match.
Correct Score :
A special bet where the player bets on the final result of a match.

D

Decimal Odds :

Are the decimal odds that used mostly in Europe, with a formula of 1.50, 1.60, 2.30. To calculate a player’s net profit, you should multiply the odd of the event with the stake, and then remove the original bet stake. Read More for detailed explanation here.

DNB, Draw No Bet :

A special bet where the player bets on a home or away team. If the result is a draw, the player gets back his stake (1.00 odd). read more for detailed explanation here

Dog :

Also known as ‘Underdog’. The team which have the highest odd and is relatively difficult or impossible to win.

Double Chance :
With this kind of bet, the player predicts the 2 of 3 possible outcomes of an event (Example: At a football match between Juventus and Milan, the player can bet on 1X if he believes that Milan will not win).
Doubles :

A bet consisting of two selections. Both of them must be won for success.

E

Each Way :
A kind of bet that we usually meet on horses but also to some soccer events. Example: We bet 10 Euro on Horse A to win the race. In fact, the bet consist of 5 euros to finish in first place and another 5 to finish in the top three. Corresponding rules apply to other Each wayA kind of bet that we usually meet on horses but also to some soccer events. Example: We bet 10 Euro on Horse A to win the race. In fact, the bet consist of 5 euros to finish in first place and another 5 to finish in the top three. Corresponding rules apply to other Each way bets. bets.
European Handicap :
 A bet in which one team has full advantage relative to the opponent. There are three possible outcomes, unlike the Asian handicapIt's a special bet that allows an advantage of goals before the match starts. For example: If there is an advantage of +1 goal for the away team, the home team must win by at least 2 goals difference (2-0, 3-1, 4-2, 3-0 etc.). If there is a draw, the player get back his stake. More detailed information on our Asian handicap guide..
Even Money :
Is a bet with 2.00 oddsThe odds for an event.There are three types of odds:American, fractional and Decimal. They determine the profit that can occur if the bet won.. It’s named like this because returns a profit equal to the stakeThe amount a player bets on a match..
Exposure :
The maximum amount of money a sportsbook can afford to lose in a particular match.

F

Favorite :
The team with the lowest oddsThe odds for an event.There are three types of odds:American, fractional and Decimal. They determine the profit that can occur if the bet won. in a match and is assumed to prevail. Also known as ‘Chalk’.
First Goal Minute :
Special bet in which the player predicts the exact time of the first goal in a match, regardless of the team.
First Goal, First team to score :

A special bet in which the player predict which team will score first, regardless of the final score.

First Half bet :
A bet in which the player bets the result of the first half of a match.
Fixed Odds :
OddsThe odds for an event.There are three types of odds:American, fractional and Decimal. They determine the profit that can occur if the bet won. that concerning an event and determine how much profit can occur if the bet won.
Fractional Odds :
OddsThe odds for an event.There are three types of odds:American, fractional and Decimal. They determine the profit that can occur if the bet won. that usually used from British Bookmakers. An example of these kind of oddsThe odds for an event.There are three types of odds:American, fractional and Decimal. They determine the profit that can occur if the bet won. is: 2/3. The net profit is calculated by multiplying the odd with the stakeThe amount a player bets on a match..

G

Goliath :
A system in which the player makes 8 selections. It creates one accumulator, 8 seven-folds, 28 six-folds, 56 five-folds, 70 four-folds, 56 treblesA bet which consists of a combination of three selections. and 28 doublesA bet consisting of two selections. Both of them must be won for success.. To win, a player should be successful at least in 2 of the selected matches.

H

Half time | Full time :
A special type of bet in which the player is required to match the result of a match at half-time, and also the final result.
Handicap :
Is the lead given to one team. It’s given by sportsbooks, usually to teams which showing much better performance in relation to the opponent, in order to offer better oddsThe odds for an event.There are three types of odds:American, fractional and Decimal. They determine the profit that can occur if the bet won.. Example: In a match between Brazil and Finland, a sportsbook can offer a HandicapIs the lead given to one team. It's given by sportsbooks, usually to teams which showing much better performance in relation to the opponent, in order to offer better odds. Example: In a match between Brazil and Finland, a sportsbook can offer a Handicap 0:2 to Finland. This means that in order to be considered as an ace, Brazil must win by 3 or more goals. 0:2 to Finland. This means that in order to be considered as an ace, Brazil must win by 3 or more goals.
Head to Head :
A bet used on many sports events in which the player predicts between two participants (player or team) who will finish at the highest position.
Hedging :
The bet on the opposite result, in relation to the initial bet that placed from a player. Thereby, the amount that a player can lose is reduced, if his initial bet will not confirmed.
Heinz :
A system in which the player makes 6 selections. It creates an accumulator, 6 five-folds, 15 four-folds, 20 treblesA bet which consists of a combination of three selections. and 15 doublesA bet consisting of two selections. Both of them must be won for success.. 2 of selections must be successful in order to win.

L

Lay :
Used in exchanges and is the offered odd on a match from one player to another. Most likely used at Betfair
Live Betting :
A bet during a match. A sportsbook offers oddsThe odds for an event.There are three types of odds:American, fractional and Decimal. They determine the profit that can occur if the bet won. on events related to the match. The oddsThe odds for an event.There are three types of odds:American, fractional and Decimal. They determine the profit that can occur if the bet won. are vary and changing throughout the duration of a match.
Lucky 15 :
System in which the player selects five matches. Creates one four-fold, 4 treblesA bet which consists of a combination of three selections., 6 doublesA bet consisting of two selections. Both of them must be won for success. and 4 singles. To win, the player must be successful at 1 of the selected matches.

M

Mobile Betting :
A feature that bookmakers give to their players, to place their bets via mobile phones.
Money Line :
Refers to American oddsThe odds for an event.There are three types of odds:American, fractional and Decimal. They determine the profit that can occur if the bet won.. The bookmakerIs the one who generate odds on events and then accept bets on those events.Bookmaker is also called 'bookie'. offers oddsThe odds for an event.There are three types of odds:American, fractional and Decimal. They determine the profit that can occur if the bet won. of a different form. They display the amount needed to bet to win $100, or how much can someone win, if he will bet $100.
Multi corner :
Bet in which the player predicts if the summary of corners made in the first and second half, exceeding the limit set by the bookie.

N

No offer :
A condition in which the Sportsbook cannot offer oddsThe odds for an event.There are three types of odds:American, fractional and Decimal. They determine the profit that can occur if the bet won. for an event.
Non Runner :
When a participant has registered to run in a race and eventually not run

O

Odds :

The oddsThe odds for an event.There are three types of odds:American, fractional and Decimal. They determine the profit that can occur if the bet won. for an event.There are three types of oddsThe odds for an event.There are three types of odds:American, fractional and Decimal. They determine the profit that can occur if the bet won.:American, fractional and Decimal. They determine the profit that can occur if the bet won.

Outcome :
The result of a match.
Outsider :
The team or the athlete which has the minimum possibilities to win. That’s why the oddsThe odds for an event.There are three types of odds:American, fractional and Decimal. They determine the profit that can occur if the bet won. for this selection are higher.
Over | Under :
A bet in which the player chooses if the number of goals scored in a match will be more or less than the limit set by the Bookmaker. The most common football bet is the Over / Under 2.5 Goals. For more information, read our article about Over / Under.
Overlay :
A selection which the player believes that the chances of it’s verification are greater than the oddsThe odds for an event.There are three types of odds:American, fractional and Decimal. They determine the profit that can occur if the bet won. given by the BookmakerIs the one who generate odds on events and then accept bets on those events.Bookmaker is also called 'bookie'..

P

Patent :
A system in which the player chooses 3 selections. Creates one treble, 3 doublesA bet consisting of two selections. Both of them must be won for success. and 3 singles. A minimum of 1 selection must be successful for the player to win.
Point Spread :
The predicted score difference between two teams as given by a bookmakerIs the one who generate odds on events and then accept bets on those events.Bookmaker is also called 'bookie'..
Postponed Match :
An abandoned match (example: due to heavy rain). In such cases, a BookmakerIs the one who generate odds on events and then accept bets on those events.Bookmaker is also called 'bookie'. implements its own policies. Some bookmakers calculate this match as a single unit of 1.00, while others await the replay of the match in the next few days.
Push :
The Return of the stakeThe amount a player bets on a match. due to the cancellation of an event or draw.

S

Score bet :
A special bet in which the player predicts the final result and the first or last goal scorer in a match.
Special bets :
Advanced bets relating to any sport event
Stake :
The amount a player bets on a match.
Super Heinz :
System in which the player selects 7 matches. Creates a 7 six-folds, 21 five-folds, 35 four-folds, 35 treblesA bet which consists of a combination of three selections. and 21 doublesA bet consisting of two selections. Both of them must be won for success.. To win, the player must be successful at 2 of the selected matches.
Sure bet :
A standard bet that ensures winning profit for the player. This can be done by an appropriate combination of odds. For more info read our Sure bet guide

T

Three way :
A bet which has 3 possible outcomes.
Tipster :
People who give tips and advice’s. 365 Tuts offer a good tipsterPeople who give tips and advice's. 365 Tuts offer a good tipster competition. Join Us and win real money. competition. Join Us and win real money.
Total Points number :
Bet that usually placed on basketball games and the player predicts if the total number of points achieved, will exceed or not the limit set by the bookmakerIs the one who generate odds on events and then accept bets on those events.Bookmaker is also called 'bookie'..
Trebles :
A bet which consists of a combination of three selections.

U

Under :
A bet in which the player chooses if the number of goals scored in a match will less than the limit set by the BookmakerIs the one who generate odds on events and then accept bets on those events.Bookmaker is also called 'bookie'..

V

Value bet :
A bet where the player believes that the oddsThe odds for an event.There are three types of odds:American, fractional and Decimal. They determine the profit that can occur if the bet won. of a match is much higher than it should be.

W

Win to nil :

Win to nilWin to nil betting is a type of football betting that involves simultaneously placing two bets – a bet that a team will win, known as a back bet, and a bet that the other team will fail to score a goal in a match betting is a type of football betting that involves simultaneously placing two bets – a bet that a team will win, known as a back bet, and a bet that the other team will fail to score a goal in a match

Y

Yankee :
A system in which the player makes 4 selections. It creates 6 doublesA bet consisting of two selections. Both of them must be won for success., 4 treblesA bet which consists of a combination of three selections. and an accumulator. To win, at least 2 of the selections must be successful.

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