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Our betting glossary includes definitions for terms related to online sports betting, and general phrases in betting and gambling.
Click on the letter link below for definitions of the betting terms beginning with that letter.
Or Parlays is a multiple wager. To win an accumulator players must win all consecutive wagers within the bet.
Across the Board
In horse racing this to place a wager on a horse to win/place and show.
A bet of any kind if valid is deemed action.
UK definition of betting terms.
Or Futures, are wagers placed for a future sports event predicting the outcome of the event. Usually these types of bets give the player better odds.
Allows a player to back both sides and guarantee a win due to a variation of odds available.
Against the Spread
Is a bet selection for example of a team or player that has proven very popular or had strong support.
Losing under what may be determined as unusual or unexpected events.
Slang term for a bookmaker.
US term for someone betting, The equivalent to the UK Punter.
Any type of priced wager.
Abbreviation of Bankroll
A wager for $100
The ability to move the set line. The player get the chance to pay to move the line in his/her favor.
Refers to Index and Spread betting as quoted by the bookmaker.
Is a game where the maximum bet allowed is limited by the lines men.
Is the final list offered for points spread before the start of the event.
In horse racing this is a bet which the player can pick the winning horses of two selected races.
In horse racing this is when two horses are declared winners as they finish equal.
Is the payout on any bet placed.
Or most known as the Underdog is the opposite to the favorite of a game.
Is a wager on two different events or two different parts of an event.
Is the term for two teams who play two separate games in the same day.
When the outcome of an event finishes evenly.
Is a UK term when selecting a team to win and secure a place.
The expected winner of an event. The opposite to the Underdog.
Making a wager with fixed odds means that the odds will not change and will remain the same until the settlement of the bet.
The biggest tournament events in tennis. Australian Open, French Open, Wimbledon and US Open.
Refers to Ice Hockey wagers and the total amount of goals scored in one day. Players can wager on over/under bets.
Or the Spread is a bet that reduces the points for the favorites in a match and gives extra points to the Underdog to even the odds out.
Is Asian Spread betting.
The team who is playing at their own stadium.
Is a slang for the bookmaker.
Is a term used for point spread betting.
The bookmaker commission. Also known as vigorish, vig or the edge.
Abbreviation for Licensed Betting Office UK.
The person that sets the betting lines at the bookmaker.
A bet which determines which pitchers will pitch in the game.
Odds which are greater than 1,000
Is the amount that a competitor finishes in front of another competitor.
Are odds that shows the player how much they have to wager in order to win. A minus sign next to the odds indicates how much you have to wager in order to win $100. The plus sign next to the odds demonstrates what amount you will win for every $100 wagered.
Is a stadium where no sides of the team has a home advantage.
Means a wager where no money is won or lost.
Is when the bookmaker provide a calculation of the chance of a team winning. It also includes the bookmaker's edge.
Is when odds are greater than evens.
Off the board
The term used for a game that a bookmaker refuses to accept any wagers on.
Proposition odds that favor the bettor over the house.
A type of bet that the player can choose to wager over or under the priced amount for how many scores both teams in a match will make.
A multiple bet or an accumulator. Where the player can place more than one bet in one wager. All wagers within the bet must win for the Parlay to payout.
Any bet made after an event has started.
Any winnings or returns.
or pick is when neither of the teams are favored to win.
Also referred to as handicap. These are the points given to the underdog to even out the odds with the favorite in the game.
When n event has been cancelled and is rescheduled.
Or odds, are the chances of a team winning as decided by the bookmaker.
Is a special bet and is also known as Proposition bet. These are unique odds set by the bookmaker on alternative odds such as politics, movies, music etc.
The UK term for a bettor or a player.
Another word for the underdog.
Is a draw or a tie in an event when there is no winner selected.
Cancelled game due to bad weather.
One wager with 10 bets inside or a series of Parlays. This involves three selections on different sports events.
Complete betting information including lines, dates times.
In Baseball a run line is when the spread is used instead of the moneyline.
When a player wins a lot of money.
In horse racing when a horse is withdrawn from the specific race before it begins the horse is scratched.
A term for a bet.
Is a bet made on just one team or competitor.
The biggest American Football tournament.
Is a push or a draw in match or event. No money is won or lost as the finishing place was equal to the number of points set out by the lines men.
A person who offer advise and tips on events.
Is a bet placed on the total amounts of points or goals scored by any team in an event. The player may wager if the total amount will be over or under the total given.
Governing body of European Soccer.
This is the house edge or juice as it is also called. This is the commission that bookmaker will charge.
Versus is abbreviated in sport events.
Or straight bet and also known as moneyline bet is a wager on the team to win a game.
A bettor who is well informed in sports wagering.
Is a bet split into eleven smaller bets and consists of four selections.