What Does Mean In Betting |Glossary Of Betting Terms

Meaning of Betting:

What Does Mean In Betting — Glossary Of Betting Terms: In this post, I am going to talk to you about how to interpret the odds in betting. You just have to apply a little mathematics to understand them.

If you want to make sports bets, the first thing you should do is know how the betting odds work, since it is vitally important to understand how the event you have bet on is likely to happen and what your profit may be.

A number of combined selections must be won for the bet to be successful, involving four or more options and therefore distinct from a double or triple. Odds accumulate as each bet wins and the final return is based on multiplying the odds of each winning selection.

A market for an event that takes place sometime in the future. The term is derived from the pole that marks the starting line in horse racing, but now it is applied to all sports. Ante-Post odds are usually attractive, but it is lost if the team does not participate.

What Does Mean In Betting |Glossary Of Betting Terms

A bet that covers all three possible outcomes, usually in a soccer game, but also for other sports in which two teams can win or end in a draw. This bet is also known as the 1X2, Win-Draw-Win or Local-Draw-Away.

Future bet:

A term mainly associated with the American sports markets that would be the equivalent of an Ante Post bet in Europe. Odds are released prior to the start of the NFL, ice hockey, basketball, and baseball regular seasons.

Bet on result:

These are the best on the result of a sporting event. In any sport, there is a loser and winner and some matches are tied. The most basic bet is to bet on the result of a match in terms of the final score and result.

The amount wagered on a bet. Bookmakers have minimum and maximum bets based on the sport and the importance of a league within a sport. Rare or unpopular events will have maximum stakes and low winnings.

A bet that is returned due to special circumstances which means that there can be no winner or loser. Void bets are common in handicap markets when totals or differential are expressed in full numbers. Bookmakers state that if they make a mistake with the odds they can void a bet.

The profitability of an odds imbalance for a betting market can be maximized by placing several against simultaneous bets and thus taking advantage of the discrepancy. Arbing is a situation where it is possible to back one of the outcomes with high odds and take a bet (placement) with relatively low odds.



It is a selection in a multiple bet or accumulator system that is seen as unbeatable. In horse racing, this could be a favorite, while in soccer a team that has a huge advantage in an uneven event.

To block:

It refers to a bet that in the opinion of the bettor, cannot be lost and is similar to a banker. The term is primarily associated with sports betting in the United States and is linked to the phrase profit blocking.


An offer from a bookmaker where you give something to your customers that goes beyond the odds of something happening. The bonuses generally come in the form of free bets and are offered to new customers, although some bonuses apply to exist customers.


It is the deadline for acceptance of bets with an exchange bookmaker. This model is based on peer-to-peer betting that brings together customers who want to endorse and place opposite results. Bookmakers are known as placers since they take bets.

A method by which a bet is guaranteed with insurance on something that will not happen. Coverage is most common when the majority of selections in a multiple bet have won and the bettor invests in all the results of the remaining matches.

It is a code that is entered when opening a new account or used in an existing account to take advantage of a bonus. The bonus code informs the bookmaker of the info of a new or current account and the bonus to which they’re entitled. Bonus codes are optional,

A result for which the favorites in a match do not win by more margin than the handicap. When two teams at a sporting event are unevenly paired, bookmakers give an underdog advantage to attract money on each result and thus balance the bet.

An individual or organization that accepts bets from customers. Bookmakers can operate from racetracks, street offices, via telephone debit, credit accounts, and online. A bookmaker makes money by earning a profit margin on the odds of something happening.

This is a type of market in which the fees are fixed and not subject to fluctuation. Normally a physical coupon available at UK betting offices for football matches has fixed fees as coupons are printed several days before matches.

He is a type of player associated with gambling in American sports. A square is viewed as a bettor that follows experts who bet early in a market when they see an advantage. The experts are monitored by the betting companies, as they will highlight errors with the odds if they have more or better information.


They are shares in a market when an option has the same opportunities to win and lose. Successful bettors will double their money from a matched money bet. An investment of € 10 with matched money will have a return of € 20 which is equivalent to € 10 in profit and the bet is refunded.

A soccer bet that combines two of three options in selection bets. 1X2 or Home-Draw-Away markets are other terms for selection bets. The double chance is called this way because the provider offers two winning possibilities and the combinations are 1X, 2X, and XX.


It is a horse racing bet that gives a horse the chance to win a race or get anywhere from second to fourth place. The type of race and number of runners determines the number of horses in the Each Way locations. Odds range from one third to one-sixth of the odds of winning depend on the runners and the nature of the race.

They are the betting funds for a particular strategy or the amount that a person can afford to bet. Cash increases or decreases after a win or lose streak. It is the amount that a bettor can afford to invest in betting and can be divided by sport or market.

When a match ends in a tie and there is no declared winner for betting purposes. In some sports and markets, it is possible to bet on a tie as the result of the match in soccer that has three possible outcomes. A football match can be won by the home team, the visiting team or be tied.

The result of an event in which it is not possible to determine the result. When two horses cannot be distinguished at the end of the race the result is declared as a dead tie. When the judge cannot decide who has won a race, they will apply for a photo and this is known as a Photo Final.

It is a football bet that is void if the match ends in a draw. In the case of bets linked to a tie, they are returned. It incorporates the insurance of a definitive result that is not reached by both sides.

A sophisticated bettor who knows the market because he has better information than the bookmaker. An expert will bet early and take advantage of perceived advantage. Bookmakers monitor customers and can identify experts, so they can follow them when adjusting their odds.

He is the person who makes a bet with the bookmaker, he is also known as a bettor. A bettor places bets with brokers after evaluating the odds in a given market. When making a transaction a bettor is said to have taken a bet the result of something that is not known and is not predictable.


A UK based organization that was created to deal with gambling and addiction problems. As part of their commitment to responsible gaming, online and physical UK bookmakers promote the services of GamCare.

They are two types of bets that can be placed in a betting market in general, for horse racing but also in other sports. Supporting a horse to win a race means the bet only wins if the horse does. Supporting a horse for a winner or place means that it is won if the horse wins or arrives at the place.

Great Salami :

A baseball market based on the number of runs scored in all games in one day. If customers think there will be more races than the brand, they bet on it. If, on the contrary, they think that there will be fewer races, they bet below.


> A type of handicap bet mainly associated with football, which became known in Asia. The main advantage of an Asian Handicap is that due to the way the odds are expressed, the possibility of a draw and an invalid bet is eliminated. However, a level handicap is the equivalent of the “draw no bet” option in a match.

It is a handicap bet that covers three possible outcomes in a soccer match. The final score is adjusted with the handicap to give the result of the best. The favorite wins the bet if he wins the game by more goals than the handicapper.

In general, it is a football term referring to when a team does not concede goals. Scores are entered into the sheets so that if a team wins without being scored or the match ends in a goalless draw, they have managed to keep their sheet clean.


A form of the bookmaker in which it allows customers to perform the backing and placement, betting that something will happen and that this same event does not happen. An exchange group supporters and setters who have a different opinion about an event.


A term primarily associated with sports betting in America that refers to the bookmaker’s markup on odds. It can also be applied to a betting market when a bettor believes that the odds are too high to select.


A margin of points a handicap that gives an advantage to the non-favorite. It generally applies to bet on ice hockey which is Canada’s national sport. Other spreads move with the money, but on a Canadian line, a 1.5 goal handicap will always apply.

A bet associated with sports in the United States that is the equivalent of the match bet in European betting. It consists of predicting the outcome of an event without a handicap since the point differential is replaced by odds.

A term generally associated with sports betting in the United States, determines the number at which bettors can place their bet above or below that mark. The line is generally expressed in average numbers to eliminate the tie and void bets.


A football bet in which bettors try to predict the outcome at the end of a match. Betting on an exact outcome is very popular as the odds are attractive and bettors can get good returns on a small investment.

A short period of the point margin, equivalent to the difference in odds between the favorite and the weakest. An advantage margin is applied to an event when teams are not matched to attract money in the same way on both sides of the market. In spread betting, the margin is the gap between the upper and lower quotation of the probability of something happening.

It is the difference in the scores of two teams as predicted by the bookmaker. This equates to the handicap and reflects the difference between the ability and the probability of winning a match as expressed by the money line odds.

It is a double football bet that consists of predicting the result of a match at half time and full time. Bettors must match both results to win. There are three possible outcomes at the end of each time that equals nine permutations upon completing the bet.


This is a term that is generally associated with horse racing and is used to describe a situation where a horse begins when a race is declared. A horse is also described as a non-runner when it is unable to start a race due to injury or after being removed due to changes in track conditions.


He is the expected loser or outsider in a two-choice event. In most face-to-face betting markets where there are only two outcomes, one player or team will have an advantage and be the favorite. The outsider is the opposite candidate and is on the other side of the market for the favorite.

A bet in which customers are trying to predict whether the number of occurrences of a certain event in a sports car is odd or even. All sports have a scoring system in which the status of an event is expressed in numbers that can be odd or even.

The equivalent in American sports to the accumulator or multiple in UK betting. The bet consists of the result of more than one event and the odds accumulate. Each selection ought to win for a parlay to be successful.

The outsider in a two-manner betting market also known as the dog. In matches, teams are seldom so even that their odds of winning are identical. Generally, there will be a favorite and an expected loser.

A type of betting where returns are not based on odds, but on sharing the winnings ratio of bets placed on the outcome of a sporting event. The winnings are pooled and divided among the winners after an adjustment to the profit of the operator that is previously guaranteed.

This refers to the numbers used to express the probability of an event happening based on the opinion of a bookmaker, and the price at which bettors place a bet on the outcome of an event. The profit of a bet is calculated by multiplying the odds by the investment.

It is a bet that is used mainly in soccer games, but also in some other sports such as rugby and American football, which indicates the first player to score. Variations in this market are, for example, the first player to score for a particular team and first player to score in the second half. Live matches offer the option of betting on the next scorer once the first goal has been scored.

Indiscipline bets on a soccer match, 10 points are assigned to a yellow card and 25 points are assigned to a red card. At the end of the match, these two figures are added together to reach the warning points. If there are three yellow cards in a match and one red card, the warning points are 55 (3 x 10 plus 1 x 25).


A bet in which a player puts money into something that will happen as opposed to something that will not happen. The return of this bet is determined by the simple relationship between the game and the odds. A € 10 backup bet with odds of 2/1 returns € 30 (€ 10 x 2 + € 10). The investment is always returned after a successful backing bet.


It is a football bet that combines the first player to score in a match and the correct result. The bet is valid only for the first 90 minutes and does not include the extension. Scorecast probabilities are not calculated by accumulating probabilities in the markets due to related contingencies.


It is another term that is given to the favorite that is the most result with the lowest price in an event. Consequently, a chalk player is a bettor who always bets on the favorite, also known as a favorite sponsor.

Most common is a horse racing bet that includes three selections but is also known in other sports such as tennis and soccer. A Trixie bet can be placed as a win or each way and is a bet that includes three selections.


A gambling concept where odds are perceived to be wrong, allowing clients to find an advantage. Bettors assess the odds of something happening based on available information. If better odds are available they will surely bet, while if odds are worse they will not.

It is called an impulse in betting towards a direction or an option in a betting market. Gamblers “steam” it and cause a line or odds to move unusually fast. Other bettors notice the rapid change in odds and place the same bets to increase the momentum of the steam that fuels it.

As the word says, it is an advantage held by the bettor or the bookmaker in a given market. Quotas have a written price advantage in the form of margins. This means that over time the bookmaker will hypothetically win.

The profit margin on the odds of the bookmakers or the value in a betting market received by the bettor. If something you see observed with a probability of occurrence of 10/1 can be backed up at 12/1 there is a lot of vig in this betting stance.

Originally published at https://bettingtips.world on April 8, 2020.

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