Betting Glossary

Betting on sports has travelled a long evolutionary path. From the usual “who will win” bet at the village fair, to orders, expresses and handicaps in bookmakers’ offices.

The advent of online bookmakers has made it possible to place a bet at any time of the day, from anywhere there is an internet connection. However, before diving into the exciting world of betting, it is advisable to learn more about what they are. Moreover, familiarise yourself with the specific terminology.

Sports betting glossary

The betting industry has developed mostly in English-speaking countries. In the USA and Great Britain, bookmaker websites began to appear almost simultaneously. At first, as a convenient information board for notifying clients. Later, as a portal where you can place a bet by paying via bank card. It is not surprising that many specific terms and slang expressions related to betting are borrowed from the English language. To be able to communicate freely on thematic forums, a future bettor needs to know their meaning. Upstroke – a situation when several bets made by a player in a row brought a win. Bettor – a player who has registered on the website of a BC and bets on various events. Market is a sporting event, quite famous and popular, on which bookmakers offer a wide range of bets. Assumes large bets on the part of players. Booster – a bet that has low odds, assuming a minimum win. Refund – money returned to the bettor’s account. It occurs if the match was cancelled, or it was found to be contractual. A fork is a situation where within one line several bets can be matched, providing money regardless of the outcome of the match. Downstroke – a prolonged situation when several bets made by a player in a row brought a loss. Insider – information from verified sources, usually teammates, about the outcome of a game. As a rule, it accompanies contractual matches. Iteration – repeated bet with similar parameters. A comeback is a surprising event in a match that brings a victory that no one could have foreseen. Line – a list of games/matches/fights/meetings with appropriate odds for betting, on which the representatives of the BC can make a bet. A low-scoring game is a game in which there are a small number of points or goals. Overbet – a bet placed on a large sum of money. Publicbet is a bet on a popular sporting event, which is made by most players playing on this line. List – the range of bets on the line, which can be made by the individual betting. Skip – zeroing/switching off the bet by the bettor, in case he is sure of his loss. Flat is a betting strategy. It consists in allocating a certain amount of funds for each bet. Freebet is a bonus from a bookmaker, which consists of providing an opportunity to place a bet without investing the player’s money, but with strictly limited conditions of the amount and odds of the bet. Types of bets After familiarizing yourself with the specific terminology, you can move on to learning the fundamentals of betting – the types of bets.

 Singles

The most common, because of its simplicity, among novice punters is the type of betting. These include the following types of bets: Odds – A bet is made on a single event: a match, fight, competition, etc. Calculation of the winnings on the order is carried out by multiplying the amount of the bet by the odds. Depending on the sport and type of competition, the outcome can be a win, a draw, a victory in the competition (first place), etc. But always only one variant of the outcome. Double chance – This type of bet is also referred to as a single bet, as it considers the result of only one event. But, in contrast to the order, the bet accounts for two types of outcomes. For example, a win for each team, a win for one team or a draw, etc. At the same time, the odds of winning a bet are much lower than for a single event. Handicap (handicap) – It is used when the advantage of one of the participants in a sporting event is obvious. That is, no one has any doubts about the victory, so everyone will bet on him. To equalise the odds bookmakers offer a handicap – a certain number of points is given to the outsider. The result of the game is calculated based on this value . Asian Handicap” is a kind of handicap – which operates not in whole points, but in odds – 0.25, 0.3, etc. As a rule, such a handicap is given on matches with many points – basketball, volleyball, hockey. This bet is less predictable, so the Asian handicap odds are slightly higher. Total – A bet that considers the number of points. The bookmaker offers a certain value of points/goals in the match, and the player, making a bet, chooses whether the actual score will exceed or be less than this value. Total with Asian Handicap – The most complicated type of single bet is when you need to account for not only the score but also the handicap odds.

Multiple

Such bets in turn are divided into simple bets, which include expresses and systems, and complex bets. Express – A bet in which the outcome of more than two events must be considered. To win, all events included in the express bet must have a positive outcome According to the bet. The probability of a positive outcome of an express bet decreases in proportion to the number of events. The odds increase accordingly. Most often, bookmakers offer expresses on different sports, which additionally complicates the possibility of analysing information. Expresses are popular with both experienced bettors, who operate with large amounts of information, and newcomers, who are tempted by higher odds. System – Represents several expressions combined with variants of the outcome. For example, “three out of four”, “four out of six”, etc. This means that the system includes four selections, and the bet is settled if any three of them come true. The odds depend directly on both the complexity of the bet and the number of bets. Complex plurals – This betting option is the most difficult to analyse. For it to play it is necessary to predict the outcome of several different types of inserts on different types of sporting events. For example, the type of complex bet “Patent” includes seven bets on three sporting events. At the same time, the bets are represented by four expressions with different numbers of events and three orders. Additional and Special – The event list may include additional and special bets depending on the sport. – Exact score is a popular bet on sports such as football, tennis, volleyball and some other sports with a limited number of points; – On a period, half or other part of the match – can be applied in sports competitions, the time of which is limited and divided into several periods; – On the authorship of the first goal. Applied predominantly to football. Although, recently, this type of betting has become popular in hockey; – On the events of the first minute of the match. It is used mainly in football. Bookmakers offer to guess whether there will be a corner, a yellow card, a goal scored and other possible events in the first minutes.

In conclusion

The above information is the basis for successful sports betting. Without it it is impossible to master the technical component of betting, therefore, the player may make mistakes or not use all the opportunities of the betting company.