Betting Terms Explained

In regards to NFL betting, this would apply to purchasing an extra point so that the team you bet on only needs to cover a 3 point spread at -120 odds instead of a 3.5 point spread at -110. The act of placing two different wagers on each side of the same game at different bookmakers. This occurs when there is a difference of opinion between betting companies, allowing the bettor to ensure a profit regardless of the outcome. Common in Asian handicap offerings, a void bet means that the bettor’s stake will be returned. Another situation is when a bettor is backing a player to score the first goal and the player doesn’t even make the starting line-up, or when the game a bet was placed on gets called off.

Gambling Glossary

Rather they are posted independently and participants choose which one to support. Players win if the bet they have backed comes closest to nine and beats the opposing bet. The ante is the first bet that is required form poker players to be dealt cards.

A Quick Introduction To Betting Odds

Pari-mutuel – Peer to peer bet type where stakes are pooled and winnings informative post relative to the pool size, e.g. Odds – Returns offered by a bookmaker relative to stake for a given scenario. Novice Race – In horse racing this refers to a race in which no horse has won a hurdle or chase previously. National Hunt Racing – Sometimes just called jump racing.

Best Offshore Sports Betting Sites For 2021

Similar to what you would see in the stock market, but on the Exchange. Trading involves placing multiple Back and Lay bets on the same market, with the hope of profiting from the fluctuations in odds. Achieving a green book means creating a position on a market where you eliminate any risk and put yourself in the position to profit regardless of the outcome of the event.

Tournament Winner Odds

Despite all being presented differently, the above examples all translate to the same chance of winning (33.33%) – all will yield $2 of profit for every $1 wagered successfully. Online sports betting offers gamblers access to thousands of internet sportsbooks worldwide. Our guide will help you learn how to calculate sports betting odds in different formats and compare them against each other, and improve your gambling with our sports odds calculator.

Prop Bets

Calling Station –Refers to a bad poker player who calls far too frequently. Bum Hunter – A poker player who only plays against weak opposition and sometimes actively stalks weak opponents. Broadway –Any card out of Ten, Jack, Queen, King and Ace can be referred to as a “broadway”. The Ace-high straight is also referred to as “broadway”.

Use Of Live Video And Race Replays

ACombination Forecastis a bet type associated with horse or greyhound racing. A punter would pick three or more selections in a race and receive winnings if two of those selections finish first and second, in any order. For sports betting, Ante-Postcould involve betting on the Premier League football winner, Wimbledon tennis champion etc. Ante post refers to betting odds offered a day before a horse race. This happens before all races begin and is the most common type of bet. Similar to a parlay considering that all selections need to win in order to qualify for a return, a bookie determines which matches will be combined to create a teaser bet.