Betting Terms Explained
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Get in the know and place your next bet understanding the meaning of the betting terms. Our sports betting glossary page features some of the terms that you will come across when you visit any South African bookmaker online.
Learn the different betting phrases and how they are used when gambling on sports games. Understanding how the game works has been shown to improve players chances of winning exponentially.
Brush up on your knowledge of betting terminology in order to improve your chances of winning today. We feature betting terminology on horse racing, soccer, rugby and every sport under the sun.
For all the bettors that are eager to take the plunge and place a bet on their first line, this guide it intended just for you. Here are some of the common terms that a new beginner wagering on sports games for the first time may need to place the right bets.
Get R25 Bonus Only at Betway SA Claim yours now! Betting Terms Explained Here are some of the common terms that a new beginner wagering on sports games for the first time may need to place the right bets.
Combo bet is when you combine two or more wagers that when taken together make bigger odds. If you are to win the combo bet, you have to win all the selections you have made within the combo.
There are two selections within a double; it is a wager that multiplies the odds of two wagers into one. Double chance is another variation on 1X2 meaning that you wager on two results in a game with three potential results.
You can place your bet one 1X, X2 or twelve. If you wager on 1X, then you win when a home win or a tie occurs. If you wager on X2 then you win in case the visitor team wins or in case there is a tie.
If you wager on twelve, then you win in case either the home or away team wins. The DNB draw no bet term Draw No Bet means you receive a refund for your stake if the game finishes in a draw.
You wager on either the home or visitor team, however, if the game results in a draw, you receive your money back. In Europe, there is a common use of decimal odds.
If, for example, the decimal odds are 2. For instance, you can wager on the visitor team to have a lead at halftime and for the game to finish in a draw at the fulltime.
The handicap betting is a term of the betting terminology that has turned out to be much more common. Lately, the bookmaker gives the less strong side a virtual goal advantage so it can even up the market.
In regards to this one of the betting terms explained, these days most of the internet bookmakers provide live betting , meaning that you can wager on the ongoing game you choose.
Understandably, there is a fluctuation of the odds all the time during the sporting event. The term money line is in some situations spelled as moneyline.
For instance, you will get a refund for your stake if the total of goals is the same as the goal line you have played. In addition, goal lines are appearing like this: 1.
If you wager on more than 1. It means that if the game finishes with a single goal, you will receive half of your stake back because the more than 1 part is a push and you will also lose on the more than 1.
This is a very popular kind of betting; you simply have to place your bet on over or under a given number of goals in a particular game.
Buying points: Some bookies or sportsbooks will allow customers to alter the set line and then adjust odds. For example, a bettor might decide he wants to have his team as a 3-point underdog instead of the set line of 2.
He has then "bought" half a point, and the odds of his bet will be changed. Chalk: The favorite in the game. People said to be "chalk" bettors typically bet the favorite.
Consensus pick: Derived from data accumulated from a variety of sportsbooks in PickCenter. The pick, and its percentage, provides insight as to what side the public is taking in a game.
Cover: The betting result on a point-spread wager. For a favorite to cover, it has to win by more than the spread; an underdog covers by winning outright or losing by less than the spread.
Edge: An advantage. Sports bettors might feel they have an edge on a book if they think its lines aren't accurate.
Exotic: Any wager other than a straight bet or parlay; can also be called a "prop" or "proposition wager. Favorite : The expected straight-up winner in a game or event.
Depending on the sport, the favorite will lay either odds or points. For example, in a football game, if a team is a 2. Fixed : A participant in a particular game who alters the result of that game or match to a completely or partially predetermined result.
The participant did not play honestly or fairly because of an undue outside influence. Futures bet : A long-term wager that typically relates to a team's season-long success.
Common futures bets include betting a team to win a championship at the outset of a season, or betting whether the team will win or lose more games than a set line at the start of the season.
Halftime bet : A bet made after the first half ended and before the second half begins football and basketball primarily. Handle : The amount of money taken by a book on an event or the total amount of money wagered.
Hedging : Betting the opposing side of your original bet, to either ensure some profit or minimize potential loss.
This is typically done with futures bets, but can also be done on individual games with halftime bets or in-game wagering.
Hook : A half-point. In-game wagering : A service offered by books in which bettors can place multiple bets in real time, as the game is occurring.
Juice : The commission the bookie or bookmaker takes. Standard is 10 percent. Layoff: Money bet by a sportsbook with another sportsbook or bookmaker to reduce that book's liability.
Limit : The maximum bet taken by a book. Middle : When a line moves, a bettor can try to "middle" a wager and win both sides with minimal risk.
Suppose a bettor bets one team as a 2. These bets are often placed before a punter knows which runners will take part, in the aim of accessing increased odds.
For example, you might bet on the World Cup Winner or the Grand National before the runners have been announced.
Punters place bets on runners that are likely to take part. The purpose of this type of betting is to take advantage of favourable odds. The odds typically shorten in the run-up to the event.
Arbitrage betting or arbing is a strategy in which gamblers bet on all possible outcomes at different odds to ensure a profit no matter what the result of the event is.
Asian handicaps are a method of betting that level the playing field between runners or teams. As the name suggests, Asian handicaps are often used in football betting in the Far East.
As opposed to normal handicaps, this format allows punters the option to bet on half numbers as well as whole numbers. In a horse race, certain runners may have such an outside chance that their odds are not quoted before a race.
Bar refers to the odds beyond which runners are not quoted. This betting term refers to your favourite for an event. A banker bet is thought highly likely to win.
A peer-to-peer online betting platform that matches gamblers together. They take on no bets as a traditional bookmaker does. Bookmakers or bookies are licensed betting companies which provide odds and take bets from punters.
BTTS is typically used in football betting. Cash out is a feature that allows punters to settle their bets before an event has finished. You can either lock in a profit or cut your losses if you feel your bet is heading the wrong way.
A sporting term used to describe when a team do not concede a goal during a fixture. A combination bet consists of more than one selection. It differs from an accumulator in that if one selection loses, the remaining bets still stand.
Correct score is a betting market in which the punter predicts the exact score of an outcome. Similar to an accumulator, just with fewer selections.