Every industry has its own jargon, and sports betting is no exception. Some sports jargons that players usually find here are meaningless when used outside the context, so beginners are bound to get confused. Know in and out of sports bets from A to Z through our glossary.
The accumulator is a series of choices that must be properly combined for the bet to be successful and containing four or more options, thereby differentiating from a double or triple coupon.
Odds accumulate each time bets are made and the final return is obtained by multiplying the selected odds with each other. If one of the selected games fails, the entire bet is lost. This type of game is attractive to people who play for lesser amounts because a considerable amount can be won for a modest bet.
Arbitrage is the maximization of returns by an imbalance in a betting odds. Betting on both results of an event benefits from the discrepancy. Arbitrage is a situation where it is possible to be sure of an optimal result at the high odds and buy a bet at relatively low odds.
The bets must be placed at approximately the same time in the two markets as the opportunity offered by arbitrage will quickly disappear due to price movements caused by the market and the equalization of odds.
What is Asian Disability? It is a type of bet with disabilities, primarily associated with soccer, that first gained its spread in Asia. The main advantage of Asian Handicap is that it eliminates the possibility of a draw result, as one cannot play on a draw. You can read more about different Asian Handicap scenarios here.
Usually, the bet provides a handicap to the favorite, giving an advantage to the undersigned. There are only two options in Asian handicap games, either to back up the favorite or to the undersigned. You can play full bets, but half bets are also allowed, which means that only half of the bet is lost.
The funds a player has available that he can bet on. Bankroll rises and falls depending on whether you win or lose. You may be interested to read our Bankroll Management Guide
A form of bookmaker that allows customers to place bets with each other. A betting exchange puts players who bet on team A in contact with players who bet on team B so that the bet can be made with each other. Today, Betfair is operating the biggest betting exchange.
A term most commonly used in football when not scoring against a team. The results are written on a sheet, if no score is scored against one team or the match ends in a draw without some team scoring, a clean sheet is obtained.
A football bet that combines two out of three options in a bet. In a 1X2 (home-draw-away) bet, the combinations are 1X, 2X and XX. Odds are calculated on the basis of probability and therefore they are often not very high.
A football bet that is void if the match ends a draw. In this type of bet, the bet is returned to the player in the event of a draw. It contains a guarantee if a concrete result is not achieved. The odds are smaller than for 1X2 as the draw is eliminated, leaving only two possible outcomes, a win for the home team or a win for the away team.
A bet consisting of two games. It consists of a winning game and a placing game, for example, where a given team wins a tournament and at the same time ends in the top three. If the team wins in first place, you will receive a payout for both games, but if they finish in second or third place you will only receive a portion of the win. For more details please refer to our Each Way Betting guide.
A bet for American sports that is similar to betting on odds in European sports. The bet involves predicting the outcome of an event, the so-called 1X2 or home-draw-out, without a handicap. The most common thing is to play on the favorite to win. In American sports, the result of overtime is often included, as customers do not like the concept of a draw. So often there are only two options for the result and not three.
Sports Betting Glossary Part 2 cooming soon