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The world of sports betting is multifaceted, taking in hundreds of different terms across many different sports. This is something that is constantly changing as betting develops and becomes more sophisticated. As a result, we realise that sports betting terms can be something rather complicated to get your head around – especially as there are so many! To help you understand everything that you need to know regarding the practice, we have compiled this exclusive sports betting glossary.
Reverse Bet
‘Asian Handicap Betting’ is a form of sports betting which is very popular across Football markets. The term ‘Matched Betting’ defines the process when two informative post bettors agree on a stake and the subsequent liability of a bet. The back bettor, who is betting on an outcome to happen, will be notified when their bet has matched, with this bet type often linked to an exchange platform like the Betfair Exchange. The ‘Heinz’ bet includes 57 bets across six selections. The bets which make up this multiple bet are as follows; 15 doubles, 20 trebles, 15 four-fold accumulators, 6 five-fold accumulators and 1 six-fold accumulator.
Exposure – Potential losses to which a sportsbook or bettor is exposed to in a given market or bet. Declared – A horse confirmed to start in a race at the final declarations stage. Bismarck – Betting term used to describe a favourite that bookmakers expect to lose and are therefore happy to lay Sports Betting Lines Explained . Arber – short for arbitrator, a punter who guarantees profit by backing different outcomes through different bookies to guarantee combined odds of over 100%. 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.
Staight Bet
Check out which teams are running hot and which squads are not. Knowledge is King and bettors should be fully armed with pertinent information when making sports wagering choices. For those Canadian bettors who are a bit more tech-savvy, we have good news. Some sportsbooks, such as Bodog, offer larger promotions to bettors making their first deposit with cryptocurrencies, such as Bitcoin.
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When ‘Listed Pitchers’ accompanies a baseball bet, bets will be void/cancelled should one or both of those pitchers not start. Dog is the team expected to lose, also known as Underdog. A ‘Dead Heat Reduction’ is calculated by dividing the wager amount proportionally between the number of winners in the event. For example, in a two-way tie aka ‘Dead Heat’, your return would be half of what was originally projected in the Bet Slip at the time of placement. A Sportsbook is an establishment that accepts wagers on sporting events.
Term to describe when the betting percentage of a market is less than 100% and therefore providing an advantage to the bettor and the opposite to the bookmaker. Placing a bet on the winner of an entire competition, instead of a single match (e.g. the World Cup or the EPL). A bet on an event which cannot be easily assessed in common handicapping terms, and is offered for its novelty value (e.g. Winner of a reality TV show). A bet that focuses on the performance of two variables against each other within an event (e.g. which of two horses will finish first). A selection with long odds suggesting it an unlikely to winner, but offering a proportionately high return. The total volume of bets on an event taken by a bookmaker.
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Bookmakers are doing this by default on each and every bet they take from a punter, but you can do it too. ‘ And in reply you would, divulge the most confident selection from four in an accumulator on a football coupon. This guide aims to cover just as much of the betting terminology that you come across and explain what it means in an easy to understand manner. A parlay placed on multiple Point Spreads or Totals where the line is bought or ‘teased’ down in exchange for a lower payout. Betting on the underdog to cover a Point Spread by receiving Points against the spread.
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The main terms used in betting can be learned in a matter of a few minutes and they will come on handy for years, as they come up time and time again. So if you want to know your evens from your handicaps then you are in the right place. Get the most up-to-date information on Live Odds, Predictions, and Betting Trends from the sports gambling capital of the world.
