Understanding The Terminology

Most Important Basics & Terminology For Betting

The betting terms you will want to master first will be the terms related to odds and placing bets. They are some of the most common terms and will also keep you from being confused by the bookmakers.

Once you have mastered some of these terms you can move on to the more advanced and colorful bits of betting terminology.

Accumulator:

A series of bets on multiple outcomes, all outcomes must be successful for the Punter to win the bet.

In-Depth Explained:
An accumulator bet involves a combination of four or more single bets that combine to offer longer odds and potentially bigger winnings. The key distinguishing element of an accumulator bet is that if any leg of your bet doesn’t come true, the bet will not pay out. Technically, a double or a triple bet could be considered an accumulator, but most sites refer to a combination of four or more combined markets when using the term.

Asian handicap:

Asian handicap betting offers the possibility of split handicaps, allowing you to bet on selections that are handicapped (in order to even the field) by both whole numbers and half numbers.

Asian handicaps are, as the name suggests, a special type of handicap betting popular in the Far East and commonly used in football betting. In addition to typical +1, 0, and -1 handicaps seen in standard handicap football match betting, Asian handicap allows for a ¼ goal, ½ goal and a ¾ goal start. On the face of it this may not seem to make a lot of sense, since any team that beats (or loses to) a ½ goal start will also beat (or lose to) a ¼ goal start. However, there is more to ¼ and ¾ ball betting than meets the eye. As for normal handicap betting, the underdog will be awarded a head start of a handicap, and the favourite will concede a handicap of the same magnitude. For the purposes of bet settlement, the predetermined number of the handicap will be added to the real number of goals. Where no handicap is awarded (0:0 handicap), a drawn game will result in a tied bet and returned stakes. if either side wins, bets backing that team will win, whilst bets backing the other will lose. Similar rules apply for 1 goal (0:1) and 2 goal (0:2) Asian handicaps. When ½ ball handicaps are applied, bets can only be won or lost – a tied bet is impossible. If the handicap is set at ¼ (or ¾, 1¼, 1¾ etc) of a goal, then any bets on the match will be settled as a split stakes bet, with half the stake going on the handicap ¼ of a goal less than the quote and half on the handicap a ¼ of a goal more. For example, with a ¼ ball handicap, half the stakes will be settled as though the handicap was 0, and half as though the handicap was ½. It follows, then, that if a team beats a ¼ ball handicap by ½ or more, the backer will win the whole bet; if they lose by ½ or more, the backer will lose the whole bet. It is only when the result falls within ¼ of the handicap that the result is different from a conventional handicap. When a team beats the handicap by a ¼, the backer receives half stakes on a win, and half returned. For example, if £10 were staked at odds of 1.95 for a ¼ ball advantage, a drawn game would return a profit of £4.75. This is known as a “win ½”. If a team loses by a ¼, the backer has only half his stake returned. This is known as a “loss ½”.

Bookie/Bookmaker:

A bookmaker is the organization that provides odds on the outcome of events in order to accept bets based on predictions by customers.
Or a company who is licensed to accept bets on the result of an event based on their provision of odds to the customer.

Bet/Stake/Wager:

To lay or stake money on the correct prediction of an outcome.

Double bet:

Two single selections placed as one bet, with the odds being combined to give the bettor potentially higher winnings. However, both selections in the bet need to come true for a payout to occur.

Favorite:

The side expected to win, with odds reflecting perceived confidence in favored team.

Fixed-odds betting:

By securing a bet at fixed odds, you guarantee that your potential returns from that bet will not change, regardless of whether or not the odds on that market fluctuate after your bet is placed.

Treble bets:

A treble bet is any combination of three selections that a bookmaker offers combined odds on. A treble is a form of accumulator bet, although it is typically only bets involving four legs or more that are dubbed accumulators.

Underdog:

The underdog is typically the less-favoured team or competitor in an event in the eyes of a bookmaker, offering longer odds and potentially higher returns to gamblers.

BTTS:

Both Teams To Score

1x2 Bets:

With 1×2 betting, you have the chance to win whether a game is won at home or away, or ends in a draw.
The 1 = the home win
The x = a draw
The 2 = the away win

HT/FT or Half Time Full Time:​

Half-Time/Full-Time (HT/FT) bets allow you to bet—and of course, possibly win—if you correctly predict who’s winning at half-time, in addition to who’s the final winner of the game.

In-Depth Explained:

Halftime/fulltime covers the regular 90-minute game, meaning extra time and penalties are excluded (do not count). It is a special bet that belongs to the category of double bets, meaning you have to get right both the half-time standing and the end result correctly, in order to win.
For this reason, the odds are also much higher.

Let’s say there’s an upcoming football match in which you’re sure that one team will be ahead at the break, but you feel confident the final score will end in a draw.
For example, Leeds, may be ahead at half-time, with Newcastle tying the game in regulation time. In a case like this, you can bet for Leeds leading after the first half and then a draw at full-time. The odds can be higher, usually around 16/1 (or 17.0 in decimal) for the game to end a draw. That means you’d be getting a huge profit for yourself if you bet HT/FT. 

Halftime/Fulltime can be offered for any sport that is divided into two equal parts – football, basketball, rugby and American football, among others.
Therefore, it offers 9 possible results.

Home/Home = 1/1
Draw/Home = X/1
Away/Home = 2/1
Home/Draw = 1/X
Draw /Draw = X/X
Away /Draw = 2/X
Home/Away = 1/2
Draw /Away = X/2
Away /Away = 2/2

Or:

1. HT: Home Team Win – FT: Home Team Win = 1-1
2. HT: Draw – FT: Win Home Team = X-1
3. HT: Home Team Win – FT: away team win = 1-2
4. HT: Win Home Team- FT: Draw = 1-X
5. HT: Draw – FT: Draw = X-X
6. HT: Win Away Team – FT Draw = 2-X
7. HT: Away Team Win – FT Home Team Win = 2-1
8. HT: Draw – FT Win Away Team = X-2
9. HT: Away Team Win – FT Away Team Win = 2-2

Fixed Match:

Match fixing generally refers to fixing the final result of the game.

In-Depth Explained:

Match fixing is when a team plays to a completely or partially per-determined result.
This is known by many names, but most common ones are known as manipulated, rigged, bribed or fixed football or soccer matches.

How a fixed match is secured ?
Teams may intentionally perform poorly to make lots of profits from their bets.
A player might also play poorly a goalkeeper. Or in rare cases a referee.

Another form of match fixing, known as spot fixing, involves fixing small events within a match which can be gambled upon, but which are unlikely to prove decisive in determining the final result of the game.

Most used deals for fixed matches are HT/FT, Correct Score, Over 6.5.
These are just the one we know of.

You will learn more for these types of matches deeper in our course, in the section and lesson that is especially dedicated for fixed matches.

Draw No Bet:

Draw No Bet, often abbreviated as DNB, means that betting on an event that ends with a draw, your stake will be returned.
You will make no money, but you won’t lose anything either.

Over-Under:

The betting line on the total number of points or goals scored in a football event, with action taken on whether there will be more (the over) or fewer (the under) goals scored.

Cash out:

The cash out option has become increasingly popular in online betting. This is when a punter can settle a bet before it has finished, such as cashing out a 6-fold accumulator with five legs already having been won and not wanting to risk the sixth leg winning also. You can cash out on a winning bet in an individual soccer match too for example, and the cash out price offered will naturally be lesser than risking the bet running to full time.

Ticket / Combo / Bet slip:

Multiple wagers in which the bettor is multiplying the odds combined from the games. All bets must be winners in order to pay out.

Trixie:

A Trixie consists of 4 bets involving 3 selections in different events. The bet includes 3 doubles and 1 treble. A minimum of 2 of your selections must be successful to get a return.

First-Half Bet:

A wager on the first half of a football match only, and not the second.

Second-Half Bet:

A wager on the second half of a football match only, and not the first.

Wise guy:

A well informed or knowledgeable handicapper or bettor.
Or a bettor with advantageous insider information.

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