A-Z Betting Terms Explained 2025 Talksport

You also have to correctly predict the order of placement. Betting on the margin of victory/loss in a football match. The favorite must win and cover the spread for a bet on them to win, and the underdog merely has to cover the spread for a bet on them to win. Also unibet known as props, specials are non-outcome based bets, such as Will the match end in overtime?

LSP – Level Stakes Profit.

A minimum of two of your selections must be correct to get a return. No deposit bonus – a type of bonus that bookmakers give quite rarely to the customers. What is specific about this type of bonus is the fact that it is enough to just register without having to make a deposit, and the bookmaker gives you free money. Of course, bonuses like this are usually low, with pretty strict terms and conditions. Handicap – a numerical advantage set by the sportsbook to balance the chances of both teams in the game. Even Money –a phrase that represents the odds of 1/1, 2.00, or +100.

This is essentially the same as the house edge in casino gambling. The vigorish will be factored into the odds and sportsbooks will not advertise this. The overtime rules at a sportsbook refer to the terms around how extended play time affects the outcomes of a wager. These can vary between sports and a site’s terms and conditions will outline whether line bets and player props will be paid out or pushed if an event extends beyond its regular set time. These can be offered for spreads, moneylines, props, and even parlays.

This betting glossary aims to lift the veil of mystery which separates the average bettor from your expert punters. After all, knowledge is the foundation of a strong betting strategy, so understanding the key terminology provides a powerful yet easy leap forward in your mastery of betting markets. ScoresAndStats (SAS) is dedicated to providing valuable insights and predictions for beginner and expert sports handicappers. Our expert team analyzes various sports markets daily, offering free picks and premium predictions for NFL, NBA, NHL, MLB, and many other sports.

Each-Way Betting

Betting Exchange – in short, the betting exchange is a peer-to-peer betting network. Unlike traditional sportsbooks where players are only allowed to place bets, betting exchanges are places where bettors can place their bets but also accept bets from other players. If you want to know more about the pros and cons of Betting Exchanges, we suggest you read our “Traditional online sportsbooks vs. Betting Exchanges” article. Next, we recommend checking out our guide to sports bet types, which will further highlight the different markets available at U.S. online sportsbooks. These guides are more comprehensive than the above descriptions and offer strategies for how to make each type of bet. The anytime goalscorer means betting on a specific player to score a goal at any time during a football match.

Also known as an “outright” bet, a futures bet in horse racing is when you wager on a horse to win a culminating race involved in a championship-style event. A horse racing bet that includes each possible combination of finishes in the race that applies to different types of wagers. The bettor picks a “last”, “anytime”, or “first” player they think will score in a match. After doing so, the bettor must predict the final match result instead of the “correct score”. A combo bet – the punter must wager on the “first”, “last”, or “anytime” player they think will score a goal in the match AND predict the correct score of the match.

For this reason, it is crucial to weigh both the pros and cons to determine if it is right for you. We have compiled both for you below so you can make a calculated decision. Let’s look at some of the most common forms of bets in this category. So if an NFL team are a 7 point favorite, then they that will be represented as –7.

In our betting glossary we cover all of the terms and phrases you are likely to find from the football stands right up to the sleekest online bookmaker. Parlay is a term for accumulator bet when all wagers must win in order for you to win the bet. A lock is a term used in sports betting to describe the game outcome that guarantees no risk of losing the bet. Futures are long-term bets that are usually placed on the outcome of a season.

They’re not always smarter than the average bettor, but their bankroll means the casino pays attention… even if they’re betting on a whim. These bettors crunch numbers, spot opportunities, and make the rest of us look bad. If a sharp is betting one way, you might want to follow… or assume they’re bluffing. Whatever terms and sayings we use when betting, we must remember to gamble responsibly.

• You could place four single bets, though to increase the odds, you can put the four teams into an accumulator bet.
• The joint-favourite is where there are two who seem equally likely to win.Jolly – This is a slang term for “favourite”.
• If you bet on the underdog at +150, on the other hand, you will win $150 in profit for every $100 you bet.
• These bettors crunch numbers, spot opportunities, and make the rest of us look bad.

Rule 4 refers to the reduction in winnings to take into consideration any non-runners in the race. Half Time Result – Select who you think will be the winner (or if you think the result will be a draw) at the end of the first half. What happens after has no impact on this market.Half Time Full Time – This bet requires you to correctly predict the result at the end of the first half, as well as full-time result. An interesting market which does not require you to back a team, but rather predict the kind of game it will be.Hedging – Placing multiple bets to minimise your risk of losing. “Hedging your bets” is now a common term often heard outside the world of gambling.Heinz – A system bet consisting of 57 bets involving 6 selections in separate events. The bet includes 15 doubles, 20 trebles, 15 4-folds, 6 5-folds and 1 6-fold.

Backing another outcome in an event you have already bet on to decrease the risk involved. Bookmakers are doing this by default on each and every bet they take from a punter, but you can do it too. You wager on a horse to finish either 1st or 2nd in their race.

Almost a kind of superstition.Tic-Tac – The sign language which UK bookmakers use to communicate with each other on-course. Not much of an issue is online gaming.Timecast Betting – One more interesting double here. Racing Card – This is where all the information for that day’s races are stored. Online sites will generally have their version of these cards available alongside the markets.Return – Another term for your winnings or payout. Put simply, the amount of money you get if you win.Request a bet – These days, plenty of bookmakers allow you to request a bet through Twitter if it is not available on the site. Generally, it consists of several smaller accas instead of one big one.

These surfaces allow Racing to be held in the UK when there is bad weather, as the artificial running track can take almost any amount of rain on it. Ante-Post bets can be placed, days, weeks, months, and even years before the scheduled event is due to take place. When bets are placed during an event it is known as in-running betting or ‘Live Betting.

Each of these questions and so many more may be brimming in your mind. Special bets that are about really specific things not connected to the game’s ultimate winner. Props are especially popular in the Superbowl but they’re becoming more and more common during major sports’ regular-season games. Props could be on anything from which team will score the first point to who will win the coin toss.

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The odds change in real-time based on what’s happening in the match, giving you dynamic betting opportunities. As you can see, football betting terms are not difficult to understand. By now, you already know that understanding these terms is crucial if you are serious about a profitable betting experience. We have covered all the important terms you need to know above, and all that’s left is for you to learn them. Favorites and underdogs are some of the most common terms used when talking about moneyline odds. The odds will be determined by teams’ placement on leaderboards, historical performances, injury reports, and other crucial data.

A run line is a baseball-specific betting option similar to a point spread. The run line is a handicap that is given to the favorite, and in most cases it’s -1.5 for the favorite and +1.5 for the underdog. A payout refers to the money distributed to bettors when their bet is successful. This will include both the original stake and the winnings. Bettors on any fixed-odds market will always know the potential payouts by calculating their stake with the odds.

Bettors tend to hedge their wagers when they lose confidence in their original wager. The odds for futures will be listed well in advance of a regular season’s start date and will be offered throughout seasons up to the final event though odds will fluctuate. Due to the unpredictability of a season’s outcome, payouts for futures can be extremely favorable.

Commission (aka Margin, Juice, Vig) – the commission is the price of placing a bet at the sportsbook. Registering at sportsbooks that have a low margin is one of the most important things that bettors should consider when they choose the perfect sportsbook. Betting terms and their definitions are a vital part of our sports betting academy.