Sports Betting Glossary

Accumulator - a type of bet that combines the results from a number of fixtures for longer combined odds. Three or more results on a single bet, with all results needed to win on the ticket.

Aces - a bet available in tennis betting, based on the player serving the highest number of aces in a match.

Across the Board - a type of horse racing bet, where the wager backs a horse to win, place or show, with odds shortened accordingly.

Also-Ran - any backed selection not winning, placing or showing in a race, e.g. a fifth place finisher in a horse race.

Any To Come (ATC) - an instruction to automatically invest winnings from one bet into another.

Arbitrage - a discrepancy between odds on an event, usually between two bookmakers, that allows a guaranteed profit on any outcome by backing each side simultaneously.

Bad Beat - an unexpected losing bet, common US terminology for an unanticipated loss on an unexpected result.

Banker -
a sure-fire bet, a ‘banker’ is a bet or a ticket gamblers expect will win and deliver a return.

Betting Exchange - a type of betting platform where gamblers bet on either side directly, ‘buying’ and ‘selling’ outcomes for the best odds. Unlike the bookmaker setting the odds, the exchange is a direct betting market.

Book -
the totality of a bookmaker’s bets on each side of a sporting event, plus the odds and corresponding calculations for profit on each outcome.

Bookmaker -
the person or company accepting bets on sporting events. Also known as the ‘bookie’, ‘Turf Accountant’, or ‘sportsbook’.

Burlington Bertie -
humorous slang for odds of 100 to 30, so-called because it rhymes. Used prominently on location at racecourses.

Buy Price -
the odds, or price, at which a player must back a selection on a betting exchange or index. Contrast with the sell price, when players want to lay a selection. The gap between the buy price and the sell price is the spread.

Carpet -
any odds quoted at 3:1, commonly used UK informal term.

Cash Out -
a feature of some online bookmakers allowing early settlement for a guaranteed amount. You can choose whether to settle some bets early, at a live price quoted by the bookmaker to buy you out of the bet.

Chalk -
a predominantly US term for the outright favourite in a fixture.

Correct Score - a bet predicting the correct score of an event, for example a football match.

Deposit - an amount of money uploaded to an online betting account, the process of adding money to the bankroll

Double -
a joint bet on two separate outcomes, for enhanced odds. Both events must win to come good.

Double Up -
increasing the size of your bets to make up for losses, Martingale strategy.

Drift -
when odds on an outcome are getting longer, they are drifting.

Each Way -
a pair of wagers on first and a place for the backed selection, typically in racing events.

Even Money -
a bet that pays 1:1, also known as ‘evens’

Favourite -
the shortest odds selection in any event, the market favourite to win.

Fold -
the multiple in an accumulator, as in a ‘6-fold accumulator’.

Form -
the recent performance of a competitor as a predictor for future outcomes

Free Bet - a free bet offered by the bookmaker as a promotion, a widely used strategy for attracting new players or for specific betting promotions.

French Odds -
odds denominated in 100s, based on the metric system. An antiquated method of quoting odds like 100 to 30, 100 to 8.

Goliath -
a multi-line bet covering 247 different bets across 8 competitors, often covering a number of sporting events.

Grand -
a thousand, as in £1,000.

Half-time Bets - bets on events such as football where you predict the score at half-time, or alternatively the second half score.

Hedge -
bookies who bet for the sure favourite to offset their own liabilities, hedging their bets. Or a second bet designed to pay off if your primary bet fails.

In the Money -
any runner placing in the top 4 in a racing event, or more broadly any bet that is in a winning position.

Joint Favourite -
where two competitors share the shortest odds in any market, with an indistinguishable favourite.

Lay -
backing an outcome to fail, an option available on betting exchanges. Betting that an outcome won’t happen, rather than what will happen.

Live Bet -
an in-play bet during a sporting event, where live odds are quoted in real time during the event.

Long Odds -
odds that reflect an outcome the market thinks is unlikely, the biggest payout for successful bets.

Long Shot -
an unlikely bet, hopefully at long odds reflective of its limited chances.

Martingale -
a type of betting strategy involving doubling up

Monkey -
slang for £500.

Odds -
the price quoted by the bookmaker to reflect the chances of any particular outcome, the rate of return offered on different bets, usually expressed as a fraction or a decimal multiplier.

Odds-on - any odds shorter than even money are said to be odds on - 1/10, 4/5.

Overlay -
a competitor with a better chance than the odds suggest, e.g. a strong horse with long odds.

Patent -
a multiple bet, featuring a treble, three doubles and a single bet on a selection of three outcomes.

Picks -
the nominated favourites by industry pundits and tipsters.

Place -
finishing in second place, or finishing within a designated threshold depending on the size of the field, short of winning, paid at a fraction of winning odds on an each way bet.

Punter -
informal term for a gambler, arch nemesis of the bookie.

Roundabout -
a combination bet across three picks in multiple bets, paying enhanced odds.

Short Odds -
odds that reflect a likely outcome, very little return on bets. Odds will shorten as a market deems a result more likely, and bets accordingly.

Shortening -
odds that are heading closer to evens or below, reflecting a perceived increased likelihood.

Single -
any standalone bet on a single outcome.

Smart Money -
the bets of those with perceived inside knowledge, who the analysts are backing.

Spread -
the gap between the buy and sell price of a bet on a betting exchange.

Spread Betting -
a form of sports betting where bets are multiplied by the number of points above or below the market buy or sell price. A bet that pays on a result proportionate to the result.

Sure Thing -
a bet that is certain to come good, a very likely result.

Tic-Tac -
the series of gestures and signals made by racetrack bookies to communicate odds with punters and other bookies at a distance.

Tip -
a hotly favoured runner, the analysts pick.

Treble -
a 3-part bet across three outcomes, all of which must win for the bet to succeed.

Trixie -
three doubles and a treble bet across three different outcomes, with enhanced odds.

Underdog -
an outside runner, or specifically a team with a point handicap.

Value -
the best odds available for the position you are backing.

Yankee -
an 11-way bet on 4 outcomes, 6 doubles, 4 trebles and a 4-fold bet.

Comments

characters left
I agree with all the site rules

TOP5 CASINO SITE

LATEST ARTICLES

Online Casino Glossary

Whatever game you play, make sure to remember these important terms.

How to Play Online Slots

Learn how experienced players get the most from online video slots.

The Beginner's Guide to Playing Roulette

Master the spinning wheel with Playright's guide to the classic casino game

Back to top