Sports betting dictionary

Introduction

In today's article we want you to have a clear understanding of the most used terms in the world of sports betting and for all this we bring you the sports betting dictionary.

It is a fact that when we start in this world, we are a bit lost trying to decipher the words that are used, making our game not always optimal. We want you to keep on learning and after our chapter where we explained how to look for the specialisation in a sportWe would like to provide you with a dictionary of the most commonly used terms.

Most commonly used terms

All In: betting your entire bankroll on a single bet. Be careful! This is the easiest way to lose your entire bankroll.

It is used to raise the bank quickly and is often used by Tipsters for
make bank increases of €10-30/€10-€100, etc.

Cancelledvoid bet: void bet which is returned to the bettor's account.

Betting on the long termBetting on a long term sporting event. For example betting on the F1/League champion/Season's goal scorer, etc...

Live betting: bet on a sporting event in real time.

Single bet: bet with a single prediction on a sporting event.

Combined bet: a bet that is made by combining the odds of different sporting events. We will have to get all our predictions right in order to make a profit.

We will explain the types of bets in more detail in another chapter (explaining Patent/Trixie/Yankee/Super Yankee, etc) on other well-known bookmakers.
like lucky 15/lucky 31,etc

BankerThe bet is considered to be virtually a sure bet, from the point of view of the
bettor, no bet is safe at 100%.

Bankrolltotal amount of money we have in our gaming account.

Benefitnet result obtained by winning a bet and subtracting the amount wagered.

VoucherBookmaker incentive for new or existing customers.

We must take into account that sometimes it is detrimental to obtain a bonus due to the conditions set by the bookmaker (bets at odds over 2 / rollover of 6 times / use the entire bank in 90 days, etc.). It is advisable to carry out a study prior to obtaining the bonus according to our strategy to be used.

Bookmaker: bookmaker in English.

Bookmaker: is the company that offers odds for the different sporting events and manages the accounts of its clients.

Bookmaker: the person who accepts our bets.

Quota: the value by which we multiply our bet in order to calculate the profit.

European quotais a quota in the form of a whole number or decimal.

English quotais a quota in the form of a fraction.

American quotasMoney Line: or Money Line are fees that take $100 as a benchmark.

WarehouseThe money that the bettor deposits in his account at the bookmaker.

StrategyThe pre-determined way of betting in which a predetermined pattern is followed.

Favouritefavourite team to win an event.

Winner: bets are placed on the final result of the match.

Profit: the money you win if your bet is successful.

Getting down: place a bet.

Halftime/Fulltime: bet on the result of a match at the end of the first half and at the end of the match.

Head to head: head-to-head between two teams.

Handicappoints are added or subtracted from the selections to make them more equal.

Asian handicap: this is a type of handicap bet but with the possibility of a double result.

Player Sprorefers to those athletes or participants who are semi-professionals.

Lay: the possibility offered by exchange bookmakers to bet that something will not happen.

Martingale (or Martingale): betting strategy that consists of betting double after losing to cover losses.

For this method to work, the odds selected must be a minimum of 2, with this method you get a profit of the amount of the initial bet once you are successful. There is also the risk that the bookmaker will limit you when they discover your strategy and you will no longer be able to double up.

Quota movementThe bets are made because there is new information about an event or because new money enters the selections and because the bookmaker needs to cover possible losses according to the money bet, he has to reduce or increase the odds according to his strategy.

No favouriteThe other team has a better chance of winning. The odds offered are higher.

Off the board: a game in which the bookmaker does not accept any more bets. The event has already started.

Over/Under: type of bet in which we predict more than a certain value (over), or less than a certain value (under).

Pick: is the possible outcome we choose among the possible outcomes in an event.

ProbabilityThe percentage that represents a team's chances of winning an event.

Racha: positive or negative trend of a player.

ROI: Return On Investment. It measures the total return on bets placed. Although it is more commonly used in corporate investments.

Rollover: number of bets or amount to bet in order to recover the amount previously invested.

Stake: part of the bankroll or capital of our account that we allocate to a bet.

Linear Stake: to bet a certain percentage directly proportional to the confidence of success.

SurebetThe betting is about betting in such a way that you always make a profit, even if it is small.

Tipster: sports betting tipster.

Trixieis a type of system bet that combines three selections into four bets.

Underdog: A team that has little chance of winning a match. Their odds are very high.

Underlaywhen prices are in favour of the bookmaker.

Valueodds that are considered by the punter to be better than the bookmaker thinks they are.

Yielddetermines the actual profit as a percentage of our placed bets. It is calculated by dividing the net profit obtained by the total sum of the amount wagered to obtain a %.

Conclusion

We have looked at different terms and their meaning. We thought it would be good for those who are starting out in this world of SPORTS GAMBLING are fluent with this type of words that can help them in future bets. As an example we could say that it makes no sense to bet with handicap if we do not know what it means. This could lead us to make predictions that are not suitable for the type of event we want to make our prediction on.

Finally, we know that there are many more terms in use in this world, so we will be looking at them as we delve deeper into the art of sports betting forecasts.