Betting Glossary Terms
A
Accumulator (Acca)
What does accumulator mean in betting?
An accumulator or acca is a bet or wager that combines multiple bets into a single ticket. All bets must win for the accumulator to be settled as a win.
Arbitration
What does Arbitration mean in betting?
Arbitration means to cover/bet on all possible outcomes of an event and still end up with a positive result.
B
Back
What does Back mean in betting?
To bet that an event will happen. (That is to back a team for a sporting event).
Bad Beat
What does Bad Beat mean in betting?
Bad beat means a streak of failed predictions, compared to the bettor’s usual success rate.
Bankroll
What does Bankroll mean?
Bankroll means money that is in an/your account to place bets.
Banker
What does Banker mean in betting?
A banker in betting is a pick with a high probability of being correct; it is very useful to add to combination bets.
Bonus
What does Bonus mean in betting?
Bonuses are prizes given by the bookmaker to bettors, usually to increase odds or receive free bets.
C
Cash Back
What does Cash Back mean in betting?
Cash back is money that the bookmaker gives to the bettor to bet on events; it can be a free bet.
Cashout
What does Cashout mean in betting?
Cash-out is money received when closing a bet before the event or match concludes.
Chalk
What does Chalk mean in betting?
Chalk within a market, it is the most likely option to happen.
Chalk Player
What does Chalk Player mean in betting?
Chalk Player is a gambler who always chooses the team that is most likely to win.
D
Dead Heat
What does Dead Heat mean in betting?
In a race, a dead heat means that there is a tie between two or more participants.
Deposit
What does Deposit mean in betting?
A deposit is money that is put into an account that will be used to place bets.
Double Chance
What does Double Chance mean in betting?
A double chance is a bet that covers two of the possibilities, which is very common in football matches.
Dog (or Underdog)
What does Dog (or Underdog) mean in betting?
Dog is used to refer to a team or player with the lowest probability of winning, short for underdog.
Draw No Bet
What does Draw No Bet mean in betting?
When you bet on Draw no bet, your stake money is returned in case of a tie or draw. The outcome of the event is reduced to two options, so if it ends in a draw, it will be considered a void bet.
Dutching
What does Dead Heat mean in betting?
Dutching is a betting strategy in which you bet on several options for the same event to obtain the same profit.
E
Early Bet
What does Early Bet mean in betting?
An early bet is a bet placed with the starting odds, taking advantage of errors in the assigned valuation.
Esports
What does Esports mean in betting?
Esports is a branch of betting that deals with virtual games or sports, and it is called Electronic Sports.
Evens
What does Evens mean in betting?
The probability of an event happening is equal to the probability of it not happening.
Exposure
What does Exposure mean in betting?
Exposure means the amount of money wagered on a bet.
F
Format
What does Format mean in betting?
Form Representation of betting odds. The ones used are fractional (4/1), American (-400), or decimal (1.90).
Freebet
What does Freebet mean in betting?
A free bet is, as the name suggests, a free bet offered by a bookmaker.
Funbet
What does Funbet mean in betting?
Funbets are bets where the chances of winning are minimal, so the bet is made for fun or out of habit.
G
Goliath
What does Goliath mean in betting?
Goliath is a betting system that consists of making 247 bets across a total of 8 different predictions, using combined bets.
Goal – Goal (or Both Teams to Score)
What does Goal – Goal (or Both Teams to Score) mean in betting?
Goal-Goal or both teams to score is a market option, which means both teams will score or not (if you select the “NO”) option.
H
Handicap
What does Handicap mean in betting?
Handicaps are bets where bookmakers give an advantage or disadvantage to the teams facing each other to improve the odds.
Head-to-Head
What does Head-to-Head mean in betting?
In a duel between two participants, you must accept the winner. It is common in athletics, motorsports, or swimming.
Hedge
What does Hedge mean in betting?
A hedge is a betting strategy in which you bet on both teams in a match with a guaranteed minimum profit.
Heinz
What does Heinz mean in betting?
Heinz is a betting system in which 57 bets are made with six predictions, based on all available combinations.
Handicapper
What does Handicapper mean in betting?
A Handicapper is a gambler who uses mathematical calculations and studies the market to make predictions.
L
Lay
What does Lay mean in betting?
Lay means to bet against an event or occurrence happening in a game.
Limit
What does Limit mean in betting?
Betting limit means the maximum amount of money to bet.
Line (or Betting Line)
What does Line (or Betting Line) mean in betting?
In over/under situations, the line is the number that bookmakers have on whether or not this number of situations will be exceeded, such as points, cautions, yards, etc.
Lucky 15
What does Lucky 15 mean in betting?
Lucky 15 is a system of 15 bets with four predictions, based on all available combinations.
Lucky 31
What does Lucky 31 mean in betting?
Lucky 31 is a system of 31 bets with five predictions, based on all available combinations.
M
Martingale
What does Martingale mean in betting?
Martingale is a betting method in which you bet an initial amount, and if you lose, you bet double this amount until you win, but there is a risk of having a bad beat.
N
Nap
What does Nap mean in betting?
Nap is the best bet of the day or event.
Non-Runner
What does Non-Runner mean in betting?
A non-runner in horse racing refers to a horse that was going to participate in the event but no longer does.
Novelty Bet
What does Novelty Bet mean in betting?
A novelty bet relates to a non-sporting field, alluding to nobility, such as film awards or presidential elections.
O
Odds
What does Odds mean in betting?
Odds mean the allocated probability for a given market option.
Oddsmaker
What does Oddsmaker mean in betting?
Oddsmakers are people who assign the odds at bookmakers.
Over
What does Over mean in betting?
It is seen in Over/Under bets, and it is also known as “High”.
Overbetting
What does Overbetting mean in betting?
Overbetting refers to a situation in which, after several incorrect predictions, the aim is to recover the investment with a few bets, so it can also be translated as “betting more than recommended”.
Over/Under
What does Over/Under mean in betting?
Over/Under is a translation of bets: More/Less or High/Low.
Overround
What does Overround mean in betting?
Overround is when bookmakers allocate a percentage of each bet to their coffers.
P
Paroli
What does Paroli mean in betting?
A technique in which the amount bet is doubled until three consecutive correct predictions are achieved.
Parlay
What does Parlay mean in betting?
Parlay is a term used as a synonym for combined bets.
Patent
What does Patent mean in betting?
A patent is a 7-bet system with three predictions, based on all available combinations.
Payout
What does Payout mean in betting?
Payout is the percentage of each bet allocated to the bettor’s winnings or the overall total winning.
Pick
What does Pick mean in betting?
Pick means a bettor’s choice of a prediction.
Public Bet
What does Public Bet mean in betting?
A public bet is a pick that bettors have shared with the public.
Push
What does Push mean in betting?
Push means that the bettor recovers the amount invested in a void bet.
R
Risk Taker
What does Risk Taker mean in betting?
A risk taker is a gambler who tends to take risks in their picks.
Rollover
What does Rollover mean in betting?
Rollover refers to when you have a bonus, you have to wager a certain number of times before you can withdraw that money.
S
Sharp
What does Sharp mean in betting?
Sharp refers to an experienced gambler who usually makes a regular profit.
Spread
What does Spread mean in betting?
In handicap betting, the spread is the number of points that one team must overcome or the other team has an advantage by.
Stake
What does Stake mean in betting?
Stake refers to the amount wagered.
Streak
What does Streak mean in betting?
A streak of successes or losses over a certain period of time.
Super Heinz
What does Super Heinz mean in betting?
Super Heinz refers to a system of seven predictions and 120 combinations, so with two correct picks, you get a profit.
Super Yankee
What does Super Yankee mean in betting?
Super Yankee refers to a 20-bet system with five predictions, based on all available combinations.
Surebet
What does Sharp mean in betting?
Surebet is a method that seeks to guarantee profit in any event by taking advantage of odds differences between two or more bookmakers.
T
Teaser
What does Teaser mean in betting?
A teaser is a combined bet in basketball or American football where handicap bets are added to increase the chances of winning.
Tip
What does Tip mean in betting?
A tip or tips is a recommendation or advice on selecting bets.
Tipster
What does Tipster mean in betting?
A tipster is a bettor who shares their predictions with other bettors, either for free or for a fee..
Treble
What does Treble mean in betting?
A treble is a combined bet with three selections.
U
Underdog
What does Underdog mean in betting?
An underdog is a team or player that has less chance of winning.
V
Value Bet
What does Value Bet mean in betting?
Value bets are bets in which the value assigned to the odds is higher than the probability of the event happening, due to an error in the bookmaker’s estimate.
Vegas Teaser
What does Vegas Teaser mean in betting?
Vegas teaser is a teaser without a maximum number of selections.
Vigorish
What does Vigorish mean in betting?
Vigorish refers to the bookmaker or Betting House Commission.
Void
What does Void mean in betting?
Void refers to bets where the result is unknown, and the stake amount is refunded.
W
Walkover
What does Walkover mean in betting?
A walkover refers to when the bettor withdraws before the start of the event on which they bet.
Wincast
What does Wincast mean in betting?
A wincast refers to a combination of the match winner and the player who will score.
Y
Yankee
What does Yankee mean?
Yankee means an 11-bet system with four predictions, based on all available combinations.
Yield
What does Yield mean?
Yield is a calculation in which the earnings obtained in a given time are represented as a percentage.
