Asian Handicaps |
Asian
Handicaps are designed to eliminate the draw from the result as football is the
only major sport where the draw plays a significant part of the likely result.
This is achieved by giving a goal handicap to both teams and in the event of a
1 goal handicap still producing a draw then the bet is void and your money is
returned. See Asian
Handicaps |
Back |
To
place a bet for your selection to win (as opposed to 'Lay' which is accepting a
bet for your selection to win, therefore you win when the selection does not
win). |
Bankroll |
Also
known as 'roll' or 'wad' (colloq.) This is gambling money or risk money,
as opposed to the money you live on. |
Book
|
Running
a 'book' is the act of quoting odds and accepting bets on an event. Hence the
term 'Bookmaker'. |
Case money |
Emergency money. |
Chase |
Having
lost money on a bet, "chasing" is having another bet simply to try and get back
the loss, usually on a random wager. |
Drop |
Money
lost. |
Get on |
Have
your bet accepted |
Group bet |
Betting
between a selected group of teams or players, not necessarily in direct
competition with each other. For instance 5 players in one golf tournament, the
winner of the group being the one placed highest at the tournament
end. |
Index Bet |
An Index
Bet is one often placed with a spread betting firm. It will have a unit stake
and a variable positive or negative outcome depending on how the market is
made-up at the end of the event. See Spreadbetting. |
Juice |
(U.S)
See 'Vig'.. |
Lay |
Take a
bet on a selction to win, like a Bookmaker, therefore you win when the
selection does not win. |
Line Betting |
It is an
even-money paid bet where you take a position either side of two possible
outcomes of the event. e.g. England runs vs. Australia may quote 225-230
(a bit like a spread), thats called the Line. Selling the Line
means you win if they score less than 225 and Buying the line
means winning if they score more than 230. This is popular in the
U.S. |
Match Bet |
A bet
between two teams or people, not necessarily in competition with each other.
e.g. two golfers who will be trying to win their tournament, not beat each
other or be aware that the bet exists |
Odds |
The
ratio to which your bet will be paid if your bet wins. e.g. 3-1 means for every
£1 you bet, you will receive £3 of winnings |
On tilt |
Losing
the ability to rationalise bets and betting wildly on everything. |
Over |
In
Over/Under betting, such as goals in football match, then the line most often
will be 2.5 goals. Betting Over is betting that 3 or more goals will be
scored. |
Overlay |
This is
a price offered on a particular result that is higher than the
true odds of it actually happening. |
Pool |
A pool
is a sum of many collected as bets on a horse race. It is intended to be
distributed amongst those punters that successfully wagered on the podium
places. |
Price |
Noun
~ The quoted odds for an event to happen (like a horse to win) Verb
~ The process of giving Prices to possible results. |
Shorten |
Odds
that reduce, say from 10-1 to 8-1, are said to have shortened. |
Tote |
"Tote"
is short for Totalisator, a system introduced to Britain in 1929 to offer pool
betting on racecourses. |
True Odds |
The real
odds of something happening as opposed to what the bookies offer. |
Under |
In
Over/Under betting, such as goals in football match, then the line most often
will be 2.5 goals. Betting Under is betting that 2 or fewer goals will be
scored. |
Vig |
Vig is
short for the word 'vigorish'. Also referred to as 'juice' (US). The edge that
one side of a bet has to make their advantage. |
White meat |
Profit. |