Tagged in: Online Betting Terms

Online Betting Terms: T

Online Betting Terms: T

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There are a lot of betting terms to master, and understanding, here you can find the general online betting terms out there:

Tic-Tac: A type of sign language used on a racecourse by bookmakers as a means of communication.

Tissue: A betting forecast designed to predict the odds of each runner in an event.

Tongue-Tie: A breathing aid used on horses that has a strip of cloth to stabilise the tongue and stop it from sliding over the bit.

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Tote: Betting system that settles bets based on dividends rather than set prices.

Trebles: A Treble consists of 1 bet involving 3 selections in different events. All must be successful to get a return.

Trifecta: A bet placed on the Tote that requires the first three finishing horses to be named in the correct order.

Trixie: A Trixie consists of 4 bets involving 3 selections in different events. The bet includes 3 doubles and 1 treble. A minimum of 2 of your selections must be successful to get a return.

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Online Betting Terms: O

Online-Betting

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There are a lot of betting terms to master, and understanding, here you can find the general online betting terms out there:

Odds: Also referred to as the price. The returns a bookmaker offers for a selection to win.

Odds On: Refers to a price where the odds are less than evens (fractional) or 2 (decimal).

Odds Against: Refers to a price where the odds are greater than evens (fractional) or 2 (decimal).

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On the Bit: When a horse needs no riding from the jockey

On the Nose: A bet on a horse to win

Outsider: The opposite of a favourite.

Over-round: The margin the bookmaker builds into their odds to ensure they make a profit on an event.

Overweight: An eventuality where the jockey weighs more than the weight one of his rides is supposed to carry.

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Online Betting Terms: I-L

Online Betting Terms

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There are a lot of betting terms to master, and understanding, here you can find the general online betting terms out there:

IBAS: A service that settles betting disputes between bookmakers and punters.

In Running: When bets are placed during an event it is known as in running betting.

Jolly: Another name given to the ‘favourite’.

Lay: When a bookmaker accepts bets it is often said that they lay a bet. A bookmaker It will often be known as a layor. You can lay yourself on Betting Exchanges (see our section)
Layers Liability: How much a layer stands to lose if the laid selection wins.

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Lengthen: When a bookmaker sees little activity on a particular outcome, they may choose to lengthen or increase the odds available.

Line: The current odds or point spread on a particular event.

Lock: US term for an almost guaranteed winner.

Longshot: A team or horse perceived unlikely to win.

LSP: Level Stakes Profit. The amount of profit that would have been made if all stakes had been 1 unit

Lucky 15: A Lucky 15 consists of 15 bets involving 4 selections in different events. The bet includes 4 singles, 6 doubles, 4 trebles, and 1 fourfold.

Lucky 31: A bet on five selections covering singles, doubles, trebles, fourfolds and a fivefold

Lucky 63: A bet on six selections covering singles, doubles, trebles, fourfolds, fivefolds and a sixfold

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Online Betting Terms: H

Online Betting Terms: H

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There are a lot of betting terms to master, and understanding, here you can find the general online betting terms out there:

Half time bet: A bet placed on the half time result.

Half time result: A bet that involves the Punter correctly predicting the result of a match at half time.

Handicap: A race where horses carry different weights based on their official rating or greyhounds get a head start based on their ability.

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Handicapper: A person who studies, rates and bets on sporting events and/or races.

Hedging: This involves placing a bet on opposing outcome to the punters original selected outcome in order to guarantee winnings or cut losses.

Heinz: A Heinz consists of 57 bets involving 6 selections in different events. The bet includes 15 doubles, 20 trebles, 15 fourfolds, 6 fivefolds and an accumulator. A minimum of 2 of your selections must be successful to get a return.

Hook: Half a point added to e.g. football or basketball betting lines.

 

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Online Betting Terms: F

Online Betting Terms: F

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There are a lot of betting terms to master, and understanding, here you can find the general online betting terms out there:

Favorite: The team or individual the bookies rate most likely to win the contest they are betting on.

First Goalscorer: A bet placed on a player to score the first goal in the event.

First half bet: A bet placed solely on the first half of a game.

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Fold: A fold represents the number of selections in an accumulator, i.e a Four-Fold Accumulator consists of 1 bet involving 4 selections in different events. All must be successful to get a return.

Form: Form rates how a team is currently performing.

Fourfold: A bet on four horses where all are required to win

Furlong: Standard distance unit in racing. A furlong is equal to 200m and there are eight furlongs in a mile.

 

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Online Betting Terms: E

Online Betting Terms: E

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There are a lot of betting terms to master, and understanding, here you can find the general online betting terms out there:

Each-way: A bet on a horse to place as well as win. Place terms depend on number of runners and type of race.

Edge: A punter’s advantage in a bet.

Exacta: A bet placed on the Tote that requires the first two finishing horses to be named in the correct order.

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Exotic: Any bet other than a straight bet or parley – also called a prop or proposition.

Exposure: The maximum amount of money a sports book stands to lose in a game.

Ear’ole: A ‘tic-tac’ term used in the betting ring for 6/4.

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Online Betting Terms: D

Online-Betting-Terms-D

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There are a lot of betting terms to master, and understanding, here you can find the general online betting terms out there:

Dam: The female parent of a horse.

Dead-Heat: When two or more horses’ finishing positions cannot be separated

Dog: Somebody who is expected to lose a fight or contest. Also known as the “underdog”.

Dog player: A person who usually places his bets on the underdog.

Doubles: An accumulator which involves two selections. Both must be successful for the bet to win.

Double Action: An “if-bet” that proceeds if the precedent bet is won, tied or cancelled.

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Double Chance: Occasionally, bookmakers may reduce the 3 outcomes for a football match to 2, by what is known as ‘Double Chance’ betting, where a single price is offered on a win or draw.

Double Result: Some bookmakers now offer books for the half-time result only, and more typically the “double result”, that is, the result at both half-time and full-time.

Draw: Reference to the number of starting stall a horse will begin a race from.

Drifter: A horse whose odds are getting bigger due to lack of support in the betting.

Ducking: A bookmaker is often said to be ‘ducking’ a horse or an outcome. This means they are shorter than their competitors in the betting to avoid big liabilities on selections they think will win.

Dutching: Backing more than one selection in an event with the aim of making the same profit whichever of the bets wins. Dutching is covered in detail

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Online Betting Terms: C

Online Betting Terms: C

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There are a lot of betting terms to master, and understanding, here you can find the general online betting terms out there:

Canadian: A bet on five selections covering doubles, trebles, four folds and a fivefold

Carpet: A ‘tic-tac’ term used in the betting ring for 3/1.

CD / C&D: Course and Distance. A sign that a horse has won over the course and distance a race is taking place.

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Chalk: The favorite.

Chalk player: A person who usually places his bets on the favorite.

Chasing: Betting on things you normally wouldn’t in order to recover losses.

Cheek Pieces: Headgear worn by horses to help performance

Clerk of the Scales: The official responsible for ensuring all jockeys weigh in correctly at the end of a race.

Circled Game: Applies to US sports. A game where the betting activity is limited by the bookmaker; this usually happens where bad weather or injury may significantly alter the chances of either team winning, thereby making the outcome far more uncertain.

Correct Score: Correct score betting is popular with football, where the total number of typical scores is limited. The odds are dependent on the actual match odds between the two teams.

Co-Favourite: A favourite who is joint favourite with at least two other horses.

Conditional Jockey: A young jumps jockey who gains a weight allowance over more experienced jockeys. The weight allowance decreases as the jockey gains more victories.

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