SPORTS BETTING GLOSSARY
AccumulatorAn accumulator is a series of bets that is rolled into one wager. This can only be won if all outcomes of the bet come through.
AETAET (After Extra Time) is an indicator in Football that the result was following extra time. When it comes to betting on football most wagers require the outcome to be completed in normal time, ie 90 minutes and do not include extra time.
Against The SpreadThis is a wager decided by a points spread. Similar to a handicap bet, extra points or goals are given to a team and the bet is decided taking that into account.
American OddsAmerican odds are an alternate variation of odds to decimal and fractional. They work by having a - or + in front of three figures. If it’s a - then you need to wager this much to receive $/£100 back. If it’s a + you need to wager $/£100 to receive the + three figure sum.
Ante-PostThis is a type of bet that’s offered early to punters. Early ante-post markets are usually offered in horse racing before a definitive list of runners have been announced.
Arbitrage SystemArbitrage is a type of betting system used by players in which you wager on all outcomes and still guarantee a profit. This is often done by finding the edge by using different bookmakers to place each wager.
Asian HandicapAn Asian Handicap is very similar to a handicap wager except this eliminates the possibility of a tie. An Asian Handicap will offer a .5 points spread in the wager.
BankrollThis is the amount of money you have in your account and ultimately how much you have to bet with.
BetThis is the process of placing money on an outcome to occur during an event. The outcome is measured by likelihood using odds and you place money on those odds to bet.
Betting ExchangeA betting exchange is another way to place bets without using a bookmaker. Instead you place bets against other bettors who then bet against that outcome happening.
The most popular betting exchange is Betfair Exchange.
BonusBonuses are types of offers given to players by punters. This could be in the form of free bets, no deposit free bets, welcome bonuses, enhanced odds and more.
BookmakerA bookmaker is an outlet for people to place bets. They will offer you odds on certain outcomes occurring and you’ll bet against them. There are hundreds of great bookmakers both online and on the high street.
Cash OutCash Out is a feature in betting that allows you to collect a partial return before an event has finished. Dependent on the time in the event and what’s happening within the event the partial return will vary.
Closing OddsClosing Odds are the last available odds to a punter before a market closes. You can beat the closing line by placing a bet with a better return to the closing odds.
Combination BetThis is a wager that combines multiple bets with one wager. In order to win all bets within the combination must come off. We often post combination bets within our game predictions.
Correct ScoreThis is a popular betting market in which punters must correctly predict the scoreline of a fixture. This is a particularly well-played in football betting.
Decimal OddsDecimal odds is a type of odds displayed by most major UK bookmakers. The odds are shown in decimal format and to work out your potential return simply multiply your wager by the decimal odds shown.
DoubleThis is a single bet made up of two markets. In order to win a Double bet, both selections in the bet must come through.
Double ResultThis is a bet in sports betting that combines the result at half time and then again full time. To win you would be required to get both parts of the bet right.
DrawWhen a match or event finishes a draw, meaning there’s no winner.
Draw No BetDraw No Bet is a wager in which if the match finishes a draw, the bet is considered void and you receive your stake back. This is almost an insurance bet and is often found in the football Match Result market.
Each-WayAn each-way bet is common in horse racing betting and involves two separate bets to increase your chance of winning. One bet is for the horse to win and the other is for it to place, so finishing second or third.
EdgeThe edge is the advantage that either the punter or bookmaker has within the bet. This could either be through the margins of the odds or insider knowledge that could influence the outcome of an event.
Even MoneyThis is a set of odds or a wager that provide a return of exactly what was staked. You will often see this represented with a bookmaker as EVS.
Expected GoalsThis is a formula created by Opta to calculate the expected number of goals a team will score in a game of football. It’s a complex algorithm that will help punters in the BTTS, Match Result and Correct Score markets.
FavouriteRelatively self explanatory, the favourite is the outcome that is most likely to win the bet. This will have the shortest odds however and provide the least value.
First/Last GoalscorerThe first and last goalscorer markets are popular football markets and involves betting on the first, or last, player to score in the match. This can also be played across the likes of NFL, Rugby, ice hockey and more.
FoldA Fold is the number of selections found within a bet. For example one may place a 4-Fold accumulator. This is therefore a wager made up of four selections and all must come through for you to win.
ForecastA Forecast is a wager on two selections to finish first and second in an event. This is most popular in horse racing, although can be found on outright tournament betting and events such as athletics.
Fractional OddsThis type of odds is mostly found in the UK and presents odds as a fraction such as 12/1, 3/7 and so on.
In the examples above it means if you backed the 12/1 odds and were to place £1 on it, you’d receive £12 back.