The Top Betting Glossary Terms Every Tipster Must Know
Online Football betting is becoming increasingly popular and it does not look like ever going away, at least, not any time soon. The popularity of sports, especially among men, is a contributing factor.
Betting makes it possible to earn extra cash even as they enjoy their favorite sport. However, the many terminologies associated with betting can get overwhelming sometimes, even for old betters, not to talk of new betters.
The betting glossary is to explain some of the betting terminologies you might come across when betting.
Accumulator Bet: As the name implies, it simply means having multiple options to bet in order to win. It is basically accumulating bets instead of just settling for a single one. It requires you to bet multiple outcomes correctly in order to win. While it is indeed a chance to win more money if you bet correctly, it is also risky because really the chance of betting more than one outcome in a tournament is not as easy as it might look. And you have to bet all outcomes correctly to win. It is also popularly called double, treble, fourfold, fivefold among others, depending on the number of selections.
BTTS: The acronym means “Both Teams To Score Betting.” With BTTS, you are betting on the outcome that both teams playing in a match are likely to win something. Luckily, it does not matter how many goals they score. As far as both have a goal, you are winning something. So, all you need is to have two teams that are likely to have at least a goal in their game, play against each other and you can go for this type of bet.
Cash out: A punter that has made a bet can decide to cash out (that is collect the cash already won) instead of risking losing at the end of the game. It is a risk but sometimes punters get nervous about the outcome of a game and bookmarkers have included the option of cashing out in order to accommodate this fear. For example, you bet against Chelsea winning at a game against Liverpool. And after the first half, Chelsea has a goal while Liverpool has nothing. You can settle for a little less than you would have gotten at the end of the game if Chelsea finally wins if you think, from the way the game is going, that Liverpool is going to end up winning.
Double Chance: With double chance, there is the option for betting for two likely options than each one separately. For instance, with a double chance, you can bet that your team will either win or draw. If the said team wins or draws, you win as well but if they lose, you lose the bet. The double chance gives punters a higher chance of winning because the likelihood of one of both outcomes happening is high.
Draw No Bet: Draw No Bet offers you the option to get your initial stake refunded to you if the game ends in a draw but you will be paid as a winner if there is a win. However, the amount you will be paid even as a winner will be less than the value you would have received if you had bet on the selection of an outright win.
Each Way: The punter can bet each way here; one for the win and the other for high placing and both are seen as two bets. The place part is then calculated at a fraction of the win odds.
Evens: With Evens, you bet for 50/50 outcome. Basically, it is a safe way of betting that a team has a 50/50 chance of winning and in which case, you get your initial stake back.
First Goal Scorer: This means that you bet for the footballer to score the first goal in a game. If the player you choose scores the first goal, then you win the bet.
First half Bet: This is a type of bet where the bet is focused only on the first half of the game.
Goal Line Bet: In soccer or football, it is commonly called over/under 2.5 goals because that is the standard or more accurately, the preferred goal line but for other sports, you find others like under/over 0.5 goals to over/under 4.5 goals. Now what this means is that you bet for the probability of a game to end with either under a certain amount of goals placed or below the certain amount of goals placed. This certain amount of goals placed is what is called the set goal line. So if the set goal line is 2.5, then the bets will either be over or under to win. If you bet over the set goal line and the game ends up with less than that number of goals, then you lose and vice versa.
Heinz: Heinz is a type of bet that consists of 57 bets and they are 6 selections in different events. Heinz includes 15 doubles, 20 trebles, 15 fourfolds, 6 fivefold and an accumulator. In order to win and get a profit, at least two of your selections must be successful.
Half Time Bet: Half Time Bet is betting the outcome of the game at halftime. You can bet whether one of the teams would have scored or both teams would have scored or they both would have drawn by halftime.
Lay: Lay betting is like a counter betting. Unlike the usual betting where you bet in favor of the team or player you think will win, with lay betting, you are actually betting that a particular team or player will win. For instance, you can bet against Chelsea saying that in a certain game, they are going to lose. You end up winning the bet if they indeed lose.
Lucky 15: This is a type of multiple bets, consisting of 15 bets that involve four selections in different events, including 4 singles, 6 doubles, 4 trebles, and 1 fourfold. How it works is that the punter bets for four selection and if one wins, he gets a compensation to double the odds. But if the four selections win, he is paid a bonus of 10%.
Match Betting: Match betting is the most popular fixed odds betting. With match betting, it simply means that winning odds, as well as the probability to draw, are available to the teams in a game. Every team will win, lose or draw. So the punters are to bet on that. In football, it is also called 1X2 betting. 1 stands for the home team, 2 for away team and X for draw.
No Action: This simply means where there is no money to win or lose.
Odds: Odds are simply the returns that the bookmakers offer for punters to win in a betting selection. As a punter, it is very important to understand the odds your bookmarker is using, so you don’t waste money unnecessarily. The three main types of odds are the fractional, decimal and American odds and they are determined by the way the odds are written. With the decimal odds, it is clear how much money will be earned (that is, both profit and returns) from a bet of 1 unit. However, 1 unit stake can mean 100, 10 or 1 depending on the bookmarker. Most times, the odds go to 2 decimal places as well. Fractional odds inform on how much profit will be returned from a 1 unit stake and not the total earned like in decimal odds. The American odds are written from a bet of 100 stakes (either negatively or positively). Written positively will tell you how much profit you will make and written negatively will let you know how much stake you need to make 100 on the bet. As a punter, it is important to be familiar with how your bookmarker writes his odds and also his unit stake of preference.
Patent: A patent is multiple selections as well, consisting of 7 bets involving 3 selections in different events. The bet includes a single on each selection, plus 3 doubles and 1 treble. With the patent, one successful selection guarantees a return.
Runner: This a person who places bets on behalf of another person.
Singles: With a single bet, the bet is either win or lose. It is practically the simplest type of bet because of how direct it is. So for instance, if the bet is on Chelsea defeating Manchester United and they win, you win as well. But if they lose or draw, the bet is lost.
Trixie: A Trixie is a full cover bet consists of 4 bets involving 3 selections in different events. The bet includes 3 doubles and 1 treble, so it does not include singles. In order for you to win, you need a minimum of two out of your three selections.
Yankee: A Yankee is also a full coverage bet consisting of 11 bets including 4 selections in different events; 6 doubles, 4 trebles, and an accumulator. In order to win as well, you need a minimum of two winning selections from all your selections.