A-Z Sports Betting Glossary Common Terms You Need To Know

Here you may have 3 or more selections and will need two of them to fill the first two places, in any given order. Similar to a straight forecast, a ‘reverse forecast’ consists of two selections which you believe will finish in first and second, but it does not matter in which order they place, just as long as they occupy the first two places. This bet has two elements, and as such, a £1 reverse forecast would be a total stake of £2. You may also hear people refer to a selection as being “even money”. A bet on both teams in a match to score at least one goal each.

Wagering Requirements (Rollover)

Similar to a parlay in that you combine multiple bets, but you adjust the point spread or total in 888sport login your favor in exchange for a lower payout. It’s big in football, where you might tease two teams by 6 points each. Teasers can feel safer, but they still require all legs to win.

Punter – a punter or bettor is a person who places a wager with a bookmaker. Promotions – betting promotions or offerings are terms used to describe a special deal, promotion, or bonus that betting sites offer to both loyal and new customers. Linemaker/oddsmaker – a person who makes the odds for sportsbooks is referred to as the linemaker/oddsmaker. When one side is doing better than the other, bookies face the risk of losing.

If someone says, “My YTD record in the NFL is 22-15,” they’re bragging (or confessing) about how they’ve done so far. Zoo – A mixture of very different selections or contestants in one event. This can happen for various reasons, like if the event is canceled, postponed, or if there’s a mistake in the bet. Long Shot – A selection with high odds that is unlikely to win.

Therefore, the figure will indicate how much must be staked to win $100. If, for example, a team is a 1.5-point favorite for a spread bet, the spread will be written as “-1.5”. Sportsbook – An establishment that takes bets on sporting events and pays out winnings. Novelty – Also called a “Special”, this refers to betting markets for unique events not from the world of sports available on sportsbooks. You can find out more by reading our “Novelty and Specials Betting Explained” post written by our team of betting experts.

A selection which finally does not participate in a race or competition for which it was entered. If your selection is ‘non-runner no bet’ (NRNB) your stake is returned to you. Short for bookmaker, the person or company licensed to offer odds and accept bets from bettors. You can place a bet on a horse to win a race without the favourite included in the results.

Moneyline

Enhanced odds are usually part of a regular bonus, a loyalty program, or a signup offer. Drift – when betting odds are gradually and steadily growing higher after the opening moneyline is posted, it’s known as a drifting moneyline. Chalk – a popular term among US bettors, chalk refers to placing wagers on favourites with the majority of bettors. Canadian – a Canadian or a Canadian line refers to creating combinations of against-the-spread and moneyline wagers in a betting line.

  • Check out JohnnyBet’s Asian handicap betting 101 article to learn more.
  • The back bettor, who is betting on an outcome to happen, will be notified when their bet has matched, with this bet type often linked to an exchange platform like the Betfair Exchange.
  • The first bets in history were made in Greece, more than two thousand years ago.
  • This glossary will help you better understand some of the language that you will indefinitely hear/read along your betting journey.
  • The alternative to this is each-way betting which means you back the horse to win AND to finish in the paid places (usually 2nd to 4th depending on the type of race) and your stake is split on those two bets.

Cash Out – A quick and easy to use tool, ‘Cash Out’ is a function which is available with most betting providers and allows the bettor to take a profit before an event has completed. Off the BoardWhen the sportsbook does not take any bets for a game. No ActionWhen there are no winners or losers at the end of a sporting fixture or race. Juice/VigThe fees/commission paid to the bookmaker, so that they accept the bets.Most of the times the rate is 10% of the amount wagered. HandicapperOne who studies relevant data and rates teams or horses.

Return – when you win a wager, the return is the term used to refer to the sum of money that you receive. Overround – when the betting markets work to the advantage of bookmakers rather than the punters, that is known as overround. Opening line – the opening line on a sporting event refers to the initial odds. The line can go up or down, depending on which of the two sides is receiving the most bets. In scenarios where unforeseen changes occur in a sporting event, the opening line changes along the way. Half-time line – whenever a match or event goes into half-time, bookies will offer lines for the second half.

‘Asian Handicap Betting’ is a form of sports betting which is very popular across Football markets. The term ‘Hedging Your Bets’ or Hedge Betting, basically involves placing multiple bets on the same market, taking advantage of variations in the market. This technique almost acts as an insurance mechanism when done correctly, and can eliminate the chance of losing, with the bettor able to guarantee a return before the event has finished. To be successful at horse racing it’s important to know the most common betting terms. This will help you read odds and race card’s whilst giving you pointers so you can determine a betting strategy that gives you a greater chance of making a profit.

Consistently finding value bets is the key to long-term profit. Below is a comprehensive A-to-Z glossary of sports betting terms – from the basics every newbie should know to the advanced jargon used by seasoned sharps. If you’re scratching your head at any point spread or prop slang, read on. This standard spread figure is listed because as a low-scoring game, a baseball game’s team results are usually different by two or more runs.

Return

Bettor In Green is your go-to platform for sports betting and daily fantasy sports, designed to help you dominate player props. We hope you found this glossary of sports betting terms helpful in continuing your sports betting journey. Feel free to bookmark this page as a reference for future use. Odds represent the way the relative likelihood of winning is presented, also allowing you to calculate the potential winnings in a betting scenario. Here are a few terms to know related to betting odds and calculations. Win either half – a wager that requires a bettor to place a bet on a team that they think will outscore the other side in at least one half of a sporting event.