Betting Glossary

Now the betting space has become noticeably more complex than it was just 10 years ago. Various terms have emerged that may be incomprehensible to newcomers. Especially for such bettors we have prepared this page. Here, the player can find all the most popular terms that are used in sports betting prepared by Bettingonlinebd.

A-Z Betting Glossary

In order to make it easier for the player to find it, we decided to arrange all the terms alphabetically. The bettor can find their values below.

A

Accumulator

Accumulator insurance is a special type of insurance in which the player is refunded the bet amount if only 1 accumulator outcome turns out to be losing.

Accumulator is a special type of bet, which includes several outcomes within different matches. All of them must end up winning in order for the accumulator to count.

Ante-Post

A term which means that a bet has been placed the day before the start of the event.

Asian handicap

(Asian handicap) or abbreviated AG – is a type of betting, which allows you to bet on the victory of the team or player, taking into account the selected handicap. In contrast to the European handicap when the exact hit in the handicap, the bet does not lose, and returns to the player.

B

Back

Back is a common term that means a player places a bet.

Banker

Banker is a bet that has a very high chance of winning.

Bet

Bet – a classic term which means that the player places money on the outcome and in case of winning receives the winnings according to the odds.

Bet Slip

Bet Slip is a special window in which the player enters the amount of the bet. It also automatically calculates the potential winnings.

Betting Calculator

Betting Calculator is a special tool that is used to calculate the winnings when making a successful bet.

Bets Designer

Bets Designer is a tool that allows the player to create bets using a wide range of market combinations.

Betting Exchange

Betting Exchange – the difference from the traditional bookmakers is that on the exchange player bets against the house, and against other players. The odds are calculated accordingly.

Betting Market

Betting Market – the term for a single outcome or several similar types of bets.

Betting Odds

Betting Odds – a numerical value in which the probability of a successful bet is estimated. The higher the odds, the lower the chance of the outcome according to the bookmaker.

Betting Limits

Betting Limits – the minimum and maximum amount of bets that a player can place in a particular bookmaker’s office.

Bookmaker

Bookmaker – a company that accepts bets against itself on its platforms.

Both teams to score

Both teams to score – a betting market, which means that both teams must get at least 1 point during the match.

Both teams will score and win

Both teams will score and win – the outcome is completely similar to the previous term, but here you still have to predict the winner in the confrontation.

C

Cash Out

A situation in which the bookmaker is ready to buy out the player’s bet and pay on the spot.

Cashback

A bonus, in which the player is returned a part of his expenditures from a particular bookmaker.

Clean Sheet

A situation in which the team did not miss a single point in the match.

Closing Line

The final value of the odds on a particular event before it starts and the bet on this event is closed.

Co-Favourite

A situation in betting, when 2 teams have the same odds of winning in a confrontation.

Combination Bet

A bet, which consists of 2 or more outcomes.

Correct Score

A type of bet in which the player must predict the exact score of the match.

Cover

Placing a safer bet to cover the second, risky bet in case of loss.

D

Deposit Methods

Methods by which the player deposits his balance in the bookmaker’s office.

Double

A bet in which to win, it is necessary for two outcomes to occur at once. If only one outcome occurs, the player loses.

Draw No Bet

A type of bet, which can bet on the victory of a particular team and excludes a draw. In the case of a draw, the player simply gets back the bet amount.

Double Chance

A three-level bet, in which you can bet on a draw, the victory of the hosts or the victory of the guests. The essence of Double Chance is that you can bet on two outcomes at once and win if any of the predictions come true.

E

Early Price

Odds that are offered by the bookmaker well before the event starts.

Edge

A situation in which the player is looking for outcomes, the probability of which is higher than the offered odds.

European Handicap

A bet, in which one of the teams must win with a certain preponderance of points.

Evens

A situation in which the odds of the outcome are equal to 2 and the eventual winning bet will bring a profit of a sausage.

Exotic

A type of bet, which is different from other options for placing money. For example, betting on politics or fishing.

Exposure

The estimated losses that the bettor can incur when placing a bet.

F

First Goalscorer

A market in which the player must choose a specific player who, in his opinion, will score the first goal in the match.

First-half bet

A type of bet, the results of which relate only to one part of the match.

Form

The last results of the player or team.

Free Bet

A special promotion in which the bookie gives the player a bet with a certain amount of money for free.

G

Gambler

A person who bets on the occurrence of certain events.

GamCare

A company that helps players with gambling addiction.

H

Half-time bet

A bet, the results of which relate only to the second half of the match.

Handicap

A bet that a particular team will win over the opponent with a certain advantage.

Head to Head Betting

Direct bets on the victory or winning of the team.

Hedging

A betting strategy in which a player bets on several outcomes of the match to protect himself from losing.

High Roller

A player, who made a bet on very high odds and won.

I

IBAS

A specialized company, the activity of which is based on the settlement of disputes between the bookmaker and the player, if there is no other way out.

Implied Probability

The probability of occurrence of the outcome according to the bookmaker.

In-Play Betting

A term that means placing a bet right as the event is taking place right now.

J

Joint Favourite

A situation in which two favourites meet for a match.

Jolly

A bet on the favourite of the match.

Juice

The amount of money the bookmaker takes for placing a bet on his resource.

L

Last Team to Score

An outcome in which the player must guess which team will score the last goal of the match.

Lay Betting

Betting on an outcome that is unlikely to come true.

Layoff Betting

The player limits losses by supporting two sides of a particular market.

Line

The odds or the price.

Live Betting

The placement of a bet within the framework of the match, which is already on.

Lock

The bet, which should be winning 100%.

LongShot

A bet on high odds with a small probability of winning.

Lose-to-Win Accumulator

A special type of accumulator in which at least one event in the accumulator must be a loser to win.

M

Martingale Betting

A betting strategy in which the player doubles the bet amount until he wins to reduce the loss.

Matched Betting

A situation in which a player bets on a winner using real money and on a loser using a free bet to gain a profit with 100% probability.

Money Back Bets

A situation in which the bookmaker returns money to the client if the bet turns out to be a loser as part of a promotion.

Multipliers

The accumulation of several single bets into one. The player must win all the outcomes in order for the accumulator bet to be paid.

N

Nap

The bet considered by the player to be the strongest of the day.

No Deposit Free Bet

A type of promotion in which you don’t even have to make a deposit to receive a boon.

No action

A situation in which the bookmaker refunds all bets to players due to the occurrence of certain unfavourable events.

O

Odds

The probability of the outcome occurring, and a direct reflection of the player’s possible income.

Odds Against

Betting odds higher than evens (2.00 or 1/1).

Odds On

Betting odds higher than evens (2.00 or 1/1).

Outsider

The team considered to be weaker in the match.

Over

Betting that a certain event will occur more times than the value set on the website.

P

Parlay

Another name for the battery rate.

Payout

The amount of money a player receives when he wins.

Price

Another term for the odds.

Promotions

The special bonuses the player offers his players for money or other benefits.

Promo Code

A set of characters that can be entered in a specific field on the bookmaker’s website to receive a bonus.

Punter

The person who places the bets.

R

Referral Bonus

Is a benefit that a player receives for inviting other bettors to the bookmaker’s website.

Round Robin

The combination of a series of accumulator bets.

Return

The money received from a winning bet.

S

Scorecast

A bet in which the player must predict both the author of the goal and the exact score.

Stake

Another definition of a bet.

Spread Betting i

A type of betting based on units, which results in either big wins or big losses.

Special Bets

Bets that are only available within a particular sport because of its specific nature.

System Betting

Combinations of bets that are used to maximise coverage of all outcomes within an event.

T

Terms And Conditions

Special rules that are set by the bookmaker and must be followed by customers if they want to use the company’s services.

The Gambler’s Fallacy

A player’s delusion that something will happen because of an identified trend in the past.

Timecast Betting

A type of bet in which money is placed on both the author of the goal and when it will be scored.

To Win To Nil

A bet on a team not conceding a point in a match and winning.

To Score In Both Halves

Betting that the team will score in both the first and second halves of the match.

To Win Either Half

Betting that the team will win both the first and second halves.

To Win From Behind

Betting that the team will fall behind by at least 1 goal and still win in the end.

U

Underdog

The weaker team in the stand-off.

Under

A special outcome that will happen fewer times than the value set on the site.

Underlay

When the odds are on the bookmaker’s side.

V

Value Bet

A bet in which the player believes he has a high chance of a decent win.

Virtual Sports

A virtual match broadcast on which the player bets.

W

Wagering Requirement

The wagering requirement is that you must wager a certain amount of the bonus before you can withdraw your winnings.

Welcome Offer

A lucrative and sufficiently large offer, with the help of which new players can increase their first deposit amount with a particular bookmaker.

Winning margin

The margin by which one team beats the other.

Withdrawal

The process by which a player sends money to his account to be used in real life.