Betting Glossary Betting Terms And Phrases Explained

First past the Post refers to the winner who goes past the post first. The term has been adopted for a concession some bookmakers make in the event of a Stewards Enquiry. A type of betting devised by city traders where punters must decide to buy (bet higher) or sell (bet lower) on the spread (fancied outcome by the traders). When you oppose a selection who you feel will not perform well when spread betting.

Betting Terminology A to Z – Online Betting Terms Explained

Consensus pick refers to how the betting public as a group has placed their bets on a game. Some bettors use a strategy that suggests betting against the consensus pick because most people are usually wrong. Like all gambling culture, sports betting has a deep lexicon of slang and special vocabulary. For beginners, listening to hard-core gamblers using sports betting lingo can be like hearing a completely different language. In summary, football betting is hugely popular and is a major part of the overall UK betting world.

In modern betting, the juice is baked into the odds before you even place a bet. Where you make bets on both outcomes of a wager to minimise or eliminate losses. A bet that has a 50% chance of winning, usually represented as 2.0 or 1/1. An evens bet will return exactly double the stake if it wins.

Results & Race Incidents

• Betting chalk is safe, but the payouts are about as exciting as finding a coupon for 10% off.
• A straight-up bet is a wager on the outcome of a single game for one team.
• The practical outcome of this is that you can withdraw these funds right away.Canadian – Also known as a Super Yankee, this is also a type of system bet.

They must then add at least one other market to the bet to even the odds for the sportsbook. Like standard parlays, both markets must be successful for the teaser to pay out. Payouts can be impacted if using promotions such as odds boosts and profit boosts. If a successful bet is made with a bonus bet promotion or bonus funds rather than real money, the payout will often only include the profit. Hedging is a common strategy that involves placing a bet that neutralizes the risk of your first wager. This is adopted to reduce losses or secure an even payout regardless of the outcome of an event.

The same as buying points, this refers to when a gambler can trade better money odds for an extra half-point on the spread. A wager that’s such a big favorite it’s thought to be a guaranteed winner. When a sportsbook makes its own bets with another casino or sportsbook in order to moderate its own risk. When you make a moneyline bet on the favored team you must accept worse money odds, known as laying the odds.

Sports Betting Odds Terminology

If Team A is favored to crush Team B, the spread levels the playing field. A +7.5 spread means Team B can lose by 7 points, and you still win. It’s the only time you’ll celebrate losing by a touchdown. The opposite of a drifter, a Steamer is a horse whose price is being seen as getting shorter. A reduction in odds on bets placed before a certain time due to a fancied runner being withdrawn. The more fancied the runner, the bigger the rule unibet 4 deduction.