betpedia - sports betting encyclopaedia

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• 1

  • label for home win

    
    

• 2

  • label for away win

     

    
    

• 2 way bet

  • there are only two results to decide a 2 way bet, which means that the draw is eliminated.

     

    
    

• 3 way bet

  • in contrast to a 2 way bet the 3 way bet additionally considers the draw (home win [1], draw [X/0], away win [2]).

     

    
    

A

• American_Betting

  • While in European sportsbetting a bet on draw is often related to high odds, in American sportsbetting a draw is regarded as "no action" - i.e. as if the game had not taken place. For this reason a draw is rated at odds of 1.0 and your stake is returned and credited to your sportsbetting account. Please note: In American sports the visiting team is usually always named first.

     

    
    

• Ante post bets

  • Ante post bets are those placed at our quoted prices on named selections taking part in an event before it has started, like Long term bets (e.g. bets placed one week before the event happens). Should your ante post selection fail to participate in the event, then the bet will be considered lost.

     

    
    

• Asian Handicap

  • Asian Handicap is an alternative way of sports betting. first goal is to eliminate the draw (2 way bet instead of 3 way bet). second goal is have the two betting options balanced. Therefore the outsider will get an imaginary goal advantage.

     

    
    

B

• Back Bet

  • Back bets arey typically offered by betting exchanges. It is actually the same as a regular bet on an event.

    
    

• Banker

  • If you are convinced you know the outcome of a bet, you can bet on the result as the so-called banker in a system bet. In other words: As soon as you have opted for a system with three bets (e.g. System 2/3), you can combine the system with a banker. Your bet will be successful if you picked the right bank erresult and have complied with the system bet criteria.

     

    
    

• Betting odds

  • see --> Odds

     

     

• Bookie

  • The bookie – or bookmaker – creates the odds (prices) and takes in the bets. In a manner of speaking, he is the betting partner of the bettor that places the wager.

    
    

C

• Combined bet

  • see Multi bet

     

     

D

• Draw No Bet

  • in short: DNB. The draw outcome of a 3 way bet will be eliminated by a special rule: In case of a draw you will get your money back (that mans the bet is winning with odds 1,00). The odds on DNB bets are lower because there is fewer risk to loose the bet.

    
    

E

F

• Favourite

  • The favourite is the player/team which the bookies believe will win. Favourites are usually recognised by their lower odds.

     

     

G

H

• Halftime/Fulltime Bet

  • You place a wager on the result of a match at halftime and fulltime. Example: You believe that Inter Milan are level with rivals Milan at halftime, however, go on to lose the match in the end? In this case you would select X/2 in the Halftime/Fulltime bet.

     

     

• Handicap Bet

  • If an opponent is considered more superior than another, then bookmakers give the weaker an advantage, which is added on to the result that is actually achieved. Example: Bayern – Aachen: Handicap 0-2 (the 2 goals will be added to Aachen\'s score in the actual result); Bayern wins 1-0; but through the handicap the result is 1-2. The result for your handicap bet is a win for Aachen.

     

     

• Head-to-Head (H2H)

  • A Head-to-Head is a bet within an event on one runner to finish ahead or perform better than another (Often used with skiing, formula 1 and horses).

     

     

I

J

K

L

• Lay bet

  • To lay a bet is to back something not to happen. For example to lay Manchester United to win their match is to back them NOT to win. If you were to lay them, you would win your bet if they either lost or drew their match.

    
    

• Limits

  • The bookie can decide to limit the winnings on a bet. All serious bookies are using limits.

    
    

• Live bet

  • Live bets will be offered on important and televised matches.  Depending on the score, remaining time and team performances you can bet singles on that match. Odds on live events subject to fluctuation of course.

     

     

M

• Moneyline

  • This is the American format of victory bets. Money line bets are basically single bets. You bet on the victory of your favourite.

     

    
    

• Multi bet

  • In a multi bet you have the possibility of making several bets within the same sport in one and the same wager. Your winnings in the multi are calculated by multiplying all the individual odds. However, in order to win a multi you have to guess all the results correctly.

     

     

N

O

• Odds

  • Odds tell you how much you could win by placing a bet on your favourite team.

     

    
    

• Outsider

  • The outsider is the team - or the player -, who is more likely to loose a match. Higher odds are typical for the outsider.

     

    
    

P

• Payout

  • Average rate of turnover calculated by the bookies to be paid out to their customers. A 96,3% means, the bookie will payout an average of 96,3% of the stake and calculates his profit with 3,7%.

• Place bet

  • This type of bet is found only with ante post bets. You think that your favourite will end up in the top three places - and by betting on this you minimise your risk.

     

    
    

Q

R

• Result bet

  • You pick the correct result of a match. As these kind of bets of course are harder to predict, you will get higher odds.

     

    
    

S

• Single bet

  • A "straight" bet on one selection to win one race or event.

     

    
    

• Stake

  • The money you invest in a bet.

     

     

• Surebet

  • Surebets are bets on which you finally cannot loose, because the odds of different bookies are allowing to bet on each outcome. However the match is ending, you will always have a small profit.

     

     

• System bet

  • With system betting you place several picks with a single placement. If all your selections are correct, then you win on all picks in your system. With incorrect selections, you always have another chance of winning, as one or more picks could be correct. For example, the system “3/5” (i.e. 3 out of 5) means that you are betting on all 3 way multis out of 5 picks selected. In total, there are ten different 3 way multi results. If you choose all 5 picks correctly, then all 10 picks will be correct and you will be assured of the maximum winnings. If one selection was incorrect, then you win on four picks. However, with two incorrect selections, you only win on one pick.

     

    
    

• System bet

  • With system betting you place several picks with a single placement. If all your selections are correct, then you win on all picks in your system. With incorrect selections, you always have another chance of winning, as one or more picks could be correct.

    
    

T

• Total bet

  • In Total betting, the bet is placed not on the result of an event but rather on the total number of goals obtained in the event.

    
    

U

V

• Value Bet

  • Value Bet means that you are betting on valuable odds.The probability to win the bet is higher than the odds are indicating.

     

    
    

W

• Winnings

  • The winnings of a bet are the result of thze stake multiplied with the odds. Example: if you back the home win at 2,10 with a stake of 100 EUR, then your winnings are 210 EUR.

     

    
    

X

• X

  • (or 0) in sports betting a label for a draw

     

    
    

Y

Z