Accumulator. Sometimes called a parlay. A bet where the winnings from one bet are placed on the next bet. The winnings accumulate, giving a large theoretical return. In reality, not very profitable as it only takes one to lose and your whole bet loses.
Arbitrage. A combination of bets which guarantees a theoretical risk free profit. These sometimes occur when one bookie offers a price which is out of line with the rest of the market. Opportunities don't last long as the bookie will adjust their prices accordingly.
Asian Handicap. A type of bet where one team is given a handicap make the odds of beating the handicap around evens and the odds of not beating the handicap around evens. Popular in Asia.
Banker. A bet that is highly likely to win. Odds are usually less than 1.5 for these types of bets.
Betting Exchange. A place where people bet against each other. The exchange takes a commission from each winning trade.
Book Value. The over round that a bookie builds into the odds. For example a typical football match will be booked to 110% meaning that if you bet on all outcomes you'd lose about 10%. Very similar to payout which is defined as 100/book value. To work out book value simply use this formula, Book Value = 1/outcome1_odds + 1/outcome2_odds + ...
Bookmaker, bookie. The person who accepts a bet.
Decimal odds. The odds expressed as a decimal, with the stake included in the overall price. For example decimal odds of 3 equals fractional odds of 2/1, as the stake is included in the former but not the latter.
Double. An accumulator with 2 bets.
Double chance. A bet that is offered on the 3 way market where you bet on 2 outcomes. For example you might bet on the home win or draw. Odds are usually very poor but you are much more likely to win the bet.
Draw no bet. A bet where the draw returns your stake. This is exactly the same as a +0 Asian Handicap.
Each Way. A type of bet where you can still win if your choices comes in 2nd/3rd/4th depending on the market. The bet is split into 2, half placed on a straight win and half on, say the next 4 places. This is popular in horse racing but is used in football, in some markets, eg. First goal scorer.
European Handicap. Do not confuse with Asian Handicaps. This is where a team is given a goal start but the bet cannot be drawn. Three prices are quoted, on for the team giving the handicap, one for the team with the handicap and one for the handicap draw. For example if a team is given a +1 European handicap and the match is lost by a single goal, the bet still loses, unlike with Asian Handicaps where the stakes are refunded. A +1 handicap is equivalent to a +0.5 Asian Handicap, a -1 handicap is equivalent to a -1.5 Asian Handicap.
Evens. A bet where the odds are 1/1 fractional or 2 decimal. Basically you double your money if you bet on this and it wins.
Fixed odds betting. This is where you know what you are going to win or lose at the time of placing the bet. Your winnings and liability are 'fixed'. Compare with spread betting.
Fractional odds. These are a popular way of expressing odds in Britain. The stake is not included in the return. For example, 2/1 is equal to 3 decimal, as it only expresses the winning part of the bet.
Goal line, Unders/overs, total goals. All similar markets centered around the total goals in a match. Unders/overs usually mean 2 goals or under, for unders and 3 goals or more for overs. The goal line is practically the same as unders/overs but the bet can draw. For example if the goal line is 3, a game with 2 goals over few will win the unders, a game with 4 or more will win the overs while a game with exactly 3 goals will void the bet. Sometimes the goal lines have quarters in them, eg. 2.25, here is there are exactly 2 goals in the match, the unders bet will win half, while the overs will lose half. Total goals are usually expressed in 3 brackets, 0-1, 2-3 and 4+.
Half Time/Full Time, sometimes called double result. This is where you bet on what the results at half time and full time are.
Lay a Bet. This is what a bookmaker does when he accepts a bet. It is possible to lay bets yourself on a betting exchange.
Odds against. A bet where the odds are greater than evens.
Odds on. A bet where the odds are less than evens.
Scorecast. This is a bet where you predict the first goal score and the correct score. Odds are good but getting these right is very difficult.
Spread betting. An increasingly popular method of betting where the returns aren't fixed. You be on the difference between what the bookies sets as the spread and what you think will happen. For example in the time of first goal market, the bookie may offer a quote of 26-29 minutes. You can either go under (buy) or over (sell) this spread. If you bet under and a goal is scored in the 6th minute you win 20 (26-6) times your stake. However if it ends up being scored in the 80th minute you are going to end up losing a lot of money.
Three-way betting or 1X2. Betting on a home win/ draw/ or away win. 1X2 because in betting shops, you mark 1 for home win, X for a draw and 2 for an away win.
Void bet. In Asian Handicap terms this is where the bet draws. Void bets can also occur in other markets, for example in the first goal scorer market if your player isn't on the pitch when the first goal is scored the bet is void. Can happen if matches are postponed or abandoned.
Ben writes football (soccer) betting tips for http://www.klsbetting.com
Free online card games that can be played over the... Read More
Plans include a 4,000-room hotel and casino, three 400-room boutique... Read More
The MIT Blackjack Team Story What's the first... Read More
This short article aims to quickly cover some of the... Read More
The term 'Gambling' is synonymous to 'Gaming'. Gaming or Gambling... Read More
Most poker players fall into one of four categories, and... Read More
Since the emergence of a few online casinos in 1996,... Read More
You may or may not of heard of all this... Read More
Traditional Bingo has been a popular pastime for many years... Read More
Online poker tournaments are skyrocketing in popularity due to reasons... Read More
'Keno' is a well known game nowadays. It is frequently... Read More
Over the past few months Stop Gambling Sites have received... Read More
Types Of Online Casino BonusesIf you've ever considered playing at... Read More
Gambling is the act of wagering money on the outcome... Read More
We all like to take a break from reality, play... Read More
I wished to create a website to advertise Online Gambling... Read More
"Deposit, click, pull, spin, bells, lights, wait, patience, one, two,... Read More
Over the years, the various gambling games and the gambling... Read More
Are you interested in playing craps online? Are you tired... Read More
Stu Ungar is considered by most to the greatest No... Read More
Bonuscodes for Party Poker are a great way to get... Read More
If you have never opened an account with an online... Read More
The CrapshooterThe Secrets of Cold TablesPssst...! Wanna know a secret?How... Read More
I was recently invited to play in the Daily Invitational... Read More
Online Sports Gambling is a growing business with thousands of... Read More
The excitement and popularity of the gambling games entices few... Read More
Poker's new upsurge in popularity in is due to televised... Read More
You might be wondering how virtual casino gambling started and... Read More
Ask any casino executive and they'll tell you that video... Read More
In Hold'em poker, the importance of your position in relation... Read More
Having played many, many poker games in my time and... Read More
The origins of the phrase "poker nuts" are uncertain although... Read More
Three card Poker is a fast paced game which is... Read More
When one is ready to buy a quality poker table... Read More
What's one of the most common dreams for a an... Read More
Select Advantageous TablesTable selection is one of the most overlooked... Read More
Whether your new to the slots or a seasoned player... Read More
Myths and rumors come with every gambling game. However undesirable,... Read More
In sports betting you need to make sure that your... Read More
Have you ever thought about the reason behind the existence... Read More
What Las Vegas jargon names "whales" is in fact the... Read More
I often become bewildered when I hear of people bragging,... Read More
There's no secret that poker is taking the world by... Read More
As you will read in this article, the removal of... Read More
When it comes to playing shorthanded games online, one size... Read More
Pssst...! Wanna know a secret?How about the secret of the... Read More
Online Poker has increased in popularity exponentially over the past... Read More
When a compulsive gambler is in recovery, feeling guilty is... Read More
Its day one and this was the most exciting day... Read More
In this article, we will discuss on "A personal interview... Read More
Being a fairly regular gambler, I have noticed a few... Read More
When it comes to Lottery Secrets, we've discovered amazing and... Read More
Learning to play the game of casino Blackjack reasonably well... Read More
The word class, used by handicapper is no abstraction. The... Read More
Welcome to the third in my Texas Holdem Strategy Series,... Read More
There are a few points of virtual casino etiquette that... Read More
Start with LIMIT Texas Hold 'EmBoth limit and no-limit Texas... Read More
I have played millions of hands of blackjack. I started... Read More
It was a Sunday afternoon. My friend Kurt and I... Read More
The majority of casinos attract new business by offering players... Read More
Getting to play poker online for free is the holy... Read More
Over the past few years stop gambling websites have helped... Read More
There is no longer a need to fly all the... Read More
How To Extend Your Stay & Play At A Casino... Read More
Online Poker RoomsRapidly Growing in PopularityPlaying online poker is fast... Read More
Feuled by seemingly nonstop television coverage and internet access in... Read More
Casino & Gambling |