Sports betting lexicon
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In our guide, we commit ourselves to bring the best solutions to understand and handle the practice of sports betting. What could be more logical than begin a sport bets glossary? Indeed, the online betting universe has its own language, its own jargon. In the next page, we’re explaining the most recurring and words that you can usually find on approved bookmaker websites and off Gambling Commission.
- Accumulator:
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by betting on many different selections, you trigger an accumulator. To generate earnings, all your prognostics must be correct!
- Betting Exchange:
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a system like the stock market who allow you to gamble not against the bookmaker but against other bettors.
- Odds:
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a numerical data who allows you to calculate the amount of potential gain. Some odds express in + or -, with a fraction or an integer or decimal.
- Double:
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a double bet allows to gamble on to different selections. To win, the bettor must correctly guess both of sports encounter.
- Goliath:
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correspond to 247 bets simultaneously perform (28 double bets, 56 triple bets, 4 bets simple shutter, 108 bets accumulators with 6 flaps, 8 bets accumulators with 7 flaps and 56 bets accumulators with 5 flaps.
- Handicap:
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by adding a handicap to a bet, the gambler make the debate harder against more advantageous remuneration in case of winning. Goal at the half time, name of the scorer, every means is good to add a handicap.
- Live Bet:
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a bet who allows you to gamble during the broadcast of a live match with evolutive odds.
- Over/Under :
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the goal or scoring difference noted at the end of an encounter.
- Surebet:
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an equation which guarantees you the victory as the case may be. The formula is = (1/best odds for victory of A team) + (1/odds for a draw) + (1/odds for victory of B team).
- Triple:
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a bet is called « triple » when it’s gambling on 3 selections during different encounter. The three bets must be winners to cash the gains!
- Yankee:
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very popular in the USA, the Yankee bet encompasses 11 bets on 4 differents encounter. You can combine at will (simple bets, triple bets, accumulator bets, double bets, bets accumulators with defined number of flaps).
- Bankroll:
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the total amount of money you set aside just for betting, and nothing else. Not your rent, not your groceries. Treat it as a separate pot. How to grow it without blowing it up? Our capital management guide is made for exactly that.
- Stake:
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the amount of money you put on a single bet. Your stake times the odds gives you the potential return. Simple, but everything starts here.
- Cash Out:
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an option offered on most modern platforms that lets you settle a bet before the event ends. You lock in a smaller profit (or cut a loss) instead of waiting for the final whistle. Handy when the match turns nervous.
- Value bet:
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the holy grail. A bet where the odds offered are higher than the real probability of the event happening. Spot these often enough and you win over the long run. This is precisely why offshore odds matter so much: higher numbers, more value.
- Each Way:
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mostly used in horse racing. Your bet is split in two: half on the win, half on a place (finishing in the top few). You can lose the win part but still get paid on the place. A softer way to back an outsider.
- Draw No Bet:
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you back a team to win, but if the game ends in a draw, your stake is returned. The odds are lower than a straight win bet, but you sleep better. A comfort blanket for the careful bettor.
- Void (or Push):
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when a bet is cancelled or lands exactly on the line, so nobody wins and nobody loses. Your stake comes straight back to your account. No harm done.
- Margin (the vig):
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the little cut the bookmaker bakes into every market to guarantee its own profit. The lower the margin, the fairer the odds for you. Offshore operators run tighter margins than the Gambling Commission books, and that gap goes straight into your pocket.
- Trixie:
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a combination of 4 bets on 3 selections (3 doubles and 1 treble). No single bets, so at least two of your picks must land for a return. A popular little multiple for weekend coupons.
