Betting terms can be found everywhere, from TV ads to roadside billboards, there is a whole dictionary of terms related to betting. Understanding betting terminology, it a must for any punter, in the long run it will make using betting sites and understanding odds a little easier. If you’re looking for football, horse racing or general betting terms then this is the place for you.
Popular & Most Common Betting Terminology
Below are listed the most common and popular sports betting terms:
Acca/Accumulator: A combination of four or more single bets that are combined to increase odds and bigger winnings.
Bet In Play: This is hugely popular. Many bookies now a days accept bets while the actual event is taking place.
Cash Out: This is the option for a punter to settle a bet before the event has finished. The earlier you cash out the smaller your potential winnings.
Each Way: A combination of a Win and a Place bet – of equal size
Odds: The amount a bookie offers for a selection to win
Price Boost: This is where the price of an outcome is improved for a set period of time. Which aims to encourage more interest.
Void Bet: When a bet is cancelled and your stake returned to you. this can happen for a number of reasons.
Wager: Means placing a bet
Football Betting Terms
Football betting is extremely popular, there are many events, actions and things which have their terminology. Check out the most relevant football betting terminology:
Asian Handicap: This is a type of handicap betting that’s is popular in the far east.
BTTS: Both teams to score
Clean Sheet: Means in football terms when the team doesn’t concede a goal.
Correct Score: This is placing a bet on the actual score of a football match. This is one of the most popular types of football bets.
Extra Time: Is the extra 30 mins (15mins a half) which is added on in the event of a draw.
Double Chance: This is where the bookmaker offers odds on both win and draw together.
Draw No Bet: This is the offer of a cancelled bet when the team you select draws their game.
First Goal Scorer: A bet placed on a player to score the first goal in the game.
Over: This is common in football where bets are place for goals over or under a certain amount in a game.
Betting Terminology Horse Racing
Bar: This relates to the odds of horses which are not given an odd. These are horses that are consider well outsiders.
Chalk: The favourite.
Longshot: A horse which is unlikely to win
Non Runner: If a horse doesn’t make it to the starting line to race then the term for that horse and bet is called a non runner.
Withdrawn: Refers to a horse being removed from the race
Betting Terminology A-Z
Below is our betting terms glossary listed in alphabetical order
A For Alpha
Action: A bet of any kind
Against the Spread: This relates to spread betting. A bet in which you determine the team will cover the spread.
Ante Post: This is placing a bet before the actual event has taken place. This usual comes with better odds but higher risk of losing if the event doesn’t take place.
Arbitrage Betting: This is a betting tactic used by players who place multiple bets on all possible outcomes on the same event across multiple bookmakers. The aim is to win more then what is lost.
B For Bravo
Banker: The selection which is most likely to come through (the favourite).
Bet: To place money down on a prediction of an event.
Betting Exchange: A peer-to-peer betting network
Bookmaker/Bookie: A company or individual licensed to accept bets.
C For Charlie
Chasing: Placing bets on selection you wouldn’t in order to recover a loss.
Co-Favorites: When three or more selections are all favorites
Colt: The name of a race horse under the age of 5
Course Specialist: Refers to horse that has a history of running well at a particular track.
D For Delta
Dead Heat: When 2 or more selection tie
Doubles: This is an accumulator which involves 2 bets. Both must come in for the bet to win.
Double Result: This is a bet place on the outcome of first half and second half.
Drift: When the price of a selection gets bigger due to lack of bets on the selection.
Dutching: This is when you spread your stake across 2 bets,
E For Echo
Edge: The punters advantage in a bet
Early Prices: Prices which are offered on selected races that day in advance of racecourse betting
Evens: This means there is a 50/50 split chance the team or selection will won.
Exposure: The maximum amount of money a bookmaker stands to lose.
F For Foxtrot
Favourite: Mostly likely to win
First half bet: A bet place on the events of the first half of the game only.
Fixed Prices: A fixed price is the price you get if you choose to take a price on a particular selection
Foal: A young horse under the age of 1
Fold: A fold shows the number of selections in an accumulator. 5-fold accumulator = one bet with five selections.
G For Golf
Going: Refers to the state of the ground
Going in: When the greyhounds or horses are being set up
Grand National: Is the famous National Hunt horse race which is held in April at Aintree Racecourse.
H For Hotel
Half time bet: a bet placed on the result of the event at half time
Handicap: This is a system bookie use to make a bet more interesting. Usually this involves giving the team with lower odds a slightly better chance.
I For India
J For Juliett
K For Kilo
L For Lima
Lay: When a bookmaker accepts bets
Lengthen: This is when a bookie increases the odds due to lack of interest.
Line: Odds spread on a particular event.
M For Mike
N For November
Nap: A tipsters best bet
O For Oscar
Odds on: Refers to a price where the odds are less then evens
Odds Against: Refers to a price where the odds are higher than evens
Outright Bet: This is the most popular type of bet. This involves selecting a straight winner.
P For Papa
Punter: A person who bets
Q For Quebec
R For Romeo
Runner: Someone who places a bet for another person
S For Sierra
Spread Betting: Bets placed on the movement of the market rather than a straight out come.
T For Tango
Treble bets: is any combination of three selections that a bookmaker offers combined odds on.
U For Uniform
Underdog: A selection that is unlikely to win
V For Victor
Value: Best odds on a wager
W For Whiskey
Win: 1st Placed finish
Win-Draw-Win: This is the 3 outcomes of a sports game (home win, draw and away win).
Winnings: Profit from a bet
X for X-ray
Y For Yankee
Z for Zulu
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