Anyone unfamiliar with placing wagers will soon realise there is a language to betting, a good grasp of which is needed when visiting a bookmakers’ website. Likewise if you’re on the bookmakers’ app, in a bookmaker’s shop or placing a bet at a live race or event you need to know the vocabulary in order to proceed in an informed way. True Odds – True odds are the actual odds of an event happening. In sports betting this is the most accurate point spread or moneyline. Exposure – The amount of money a sportsbook potentially could lose for a specific event.

Parlay Betting

When Chicago +2.5 odds appeared at FanDuel, they could hedge Japanese Dice Gambling game with a bet on the Bears. If the Lions win by exactly two points, both tickets cash. This is a risky bet as any result, other than a two-point win by Detroit, costs bettors the juice on the losing wager. Totals Bet – In sports gambling this is a proposition bet in which the bettor speculates that the total score by both teams in a game will be more or less than the line posted by the sports book.

The Void Betting Terms

For basketball and football games, you can bet on spreads for specific quarters. This season-long bet is also pretty popular and applies to all sports. If you want to bet the Milwaukee Bucks to win over 57.5 games in the regular season, the sportsbooks have the lines for you.

If any 3 selections win, 3 of the double bets and 1 of the trebles give a return. If all 4 selections win, then all 6 doubles, 4 trebles and the four-fold give a return. If any 2 of your selections win, 1 of the double bets gives a return.

Do I Have To Input My Bank Information To Create An Account, Or Can I Just Pay With A Credit Card When Placing My Bet?

Handicap mark / Rating – Each horse, once it has run a few times , is allocated an official handicap rating by the BHA, which is used to determine its weight if it runs in a handicap. If a horse does well, its handicap rating will go up; if it performs poorly, its rating will go down. The Classic Flat races in Britain, as well as other historic races such as the Gold Cup at Royal Ascot, are Group 1. The major championship races over jumps, such as the Cheltenham Gold Cup, are Grade 1.

Odds posted on a game to help indicate favorites indicated with – odds, and underdogs indicated with + odds. A bet that takes place when the teams are so close, no individual one is favored. A tactic that allows you to bet on the opposite side of the wager you already place. Set odds in which once a wager is placed, the odds don’t change. Topsters, the world’s first truly global tipster ranking site, was launched a few months ago. It collects and evaluates the tipsters of the biggest platforms, and assembles these in the form of a world ranking, to show who are the top tipsters around the globe.

Round Robin Bet

The bet includes 4 doubles, 4 trebles and an accumulator. A minimum of 2 of your selections must be successful to get a return. Betting odds where the stake is higher than the potential winnings if the bet is successful. This is a broad term that could refer to a simple accumulator or more complex bets like a Lucky 31. A bet consisting of 57 bets involving 6 selections in different events.