Betting Terminology Explained
Board - Short for 'Tote Board' on which odds, betting pools and other race information are like it displayed. Also Ran - Any selection not finishing 1st, 2nd, 3rd or 4th in a race or event. And indeed, if you simply want to bet on a match winner than that is very straightforward too. Yes, football is possibly the most straight-forward sport on the planet. After all, the players simply have to kick the ball in the goal more times than their opposition.
The Winning Margin Bet Betting Terms
If there are insufficient funds in your account, we may demand that You pay us the relevant outstanding amount relating to any erroneous bets of wagers. Accordingly, we reserve the right to cancel, reduce or delete any pending plays, whether placed with funds resulting from the error or not. To calculate Alvarez’s probability of winning the match, we do the same thing. Let’s say, hypothetically, odds are 11/8, meaning if the fight happened 19 times (11 + 8), Alvarez would lose 11 times and win 8 times. To calculate the implied probability of Golovkin winning the fight, take the number of times he is expected to win and divide it by the total number of trials .
An even-money bet such as odds of 2.00 whereby the bet will pay out exactly the amount wagered. The underdog in a betting proposition (also known as “Alpo”, “Bow-Wow”, “Puppy” or “The Short”). A sportsbook that moves its lines to conform with other sportsbooks. A person who times the workouts , usually for betting information.
Sometimes called a "game within a game." These are especially popular on major events, with the Super Bowl being the ultimate prop betting day. This is a universal gambling term used in casinos, sportsbooks and poker rooms to incentivize players and bettors to participate in any type of available gambling contest. Players can choose from many variations of the bonus offer, but it ultimately all boils down to paying some amount to the gambling establishment for a chance to win a bit more. There is variety of bonuses out there, from welcome bonus to reload, to refer a friend, to no deposit bonus, and more. The most that a casino will allow you to wager in a game. This can apply to a single bet, the total of all bets, or the rules in a game of poker that limit how much a player is allowed to bet or raise on a particular round.
If your decimal odds are a round number, such as 7.0, then we simply subtract 1 from the decimal odds and apply a denominator of 1. The outcome of this formula is 3, meaning we will express the odds as fractional odds, 3 /1. Knowing how to convert one form of odds to another can be helpful, especially if you have come into possession of a large amount of betting data that has odds formatted in an unfamiliar way. Moneyline odds, also known as ‘American odds’ are probably the most foreign odds format to those of us outside of North America. But it is helpful to understand what these odds represent especially when listening to Americans speaking about gambling odds in sports broadcasts or podcasts.
If you lose all the funds, that eliminates the rollover requirement. So if you bet the full $1,000 amount on one bet and it loses, you can deposit more funds, and that won’t be tied to the same rollover requirement (or any unless you opt-in for another bonus). Let’s say you have a 100% deposit bonus up to $500 with a 5x rollover requirement. If you deposit $500 for the maximum value, you would have $1,000 in your account ($500 real-money and $500 bonus money). It’s important to carefully read all terms and conditions before you take advantage of any online betting promotion.
This handy jargon-buster can help you understand some of the common horse racing terms, so you can join in with the horse-talk next time you’re at the races. The good tip also tells potential customers how to develop a betting system to which they can apply themselves so that they may increase their chances of winning a bet. Another resource used in football betting is the football matchmaker. This is where a bettor finds and then enters into a deal with another bettor a potential partner, who matches the betting type and style that the bettor is willing to use.
A person working for a bookmaker who sets the odds following research and his own feelings (also known as an “Oddsmaker”). A bettor that pays an additional fee to receive half a point or more in his favor on a point spread game (also known as “Buy Points”). Betting both sides of a game at different prices with the hope of winning both wagers. A team, athlete or horse perceived to be unlikely to win.
Betting Odds By Sport
In the event of a push or a game cancellation, the parlay reverts to the next lower number (e.g. a 4-team parlay becomes a 3-team parlay). Only offered on major events, these bets promise to refund your stake as a free bet if an event advertised in the offer actually happens. Only pre-match single bets qualify for refunds, provided they are placed on specified game markets. A type of betting that allows bettors to predict the outcome of a game or match, and then “back” their decision against the point spread of a bookmaker (also known as “Spread Betting”). Operating almost the same as a stock market, a betting exchange allows you to trade your bets.
AGS- Anytime Goalscorer - A bet on a player to score at any time during a match. 2UP- A promotion ran by Bet365 and Paddy Power where you get paid out as a winner if your team goes 2 goals ahead in a match. 2UP will be commonly used to refer to any early payout style offer. SR- Stake Returned - This applies to normal bets, or certain bonus types. It means your initial stake is returned along with your bet winnings. SNR- Stake Not Returned - This usually applies to free bets.