Glossary

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When it comes to sports betting there is a huge number of terms you should be aware of. To provide you with all important terms we created this glossary in alphabetical order for you.
Especially newcomers to the betting business don't know a lot of these terms so you can check them out whenever you want and wherever you are.

TermDescription
AccumulatorIt's a multiple bet where you choose two or more selections. To win an accumulator every selection has to win. Another term is the 'Parlay' bet or 'Multiple'.
ActionTo place any kind of bet. Another term is 'Bet'.
AdvantageA bookmaker's commission. Another term is 'Edge', 'Margin' or 'Juice'.
Ante PostThat's a bet that is placed in advance to predict the outcome of a future event. Another term is 'Futures'.
ArbitrageAlso known as 'Sure bet'. Bookmakers offer different odds on an outcome so you can back both sides of this event for a guaranteed profit.
Back betBetting on a particular event to happen. The opposite is the Lay bet.
BankerA selection that is highly expected to win. That's the favourite out of the favourites. Another term is 'Lock'.
BankrollYour bank size in your bookmaker account.
BetTo place any kind of bet. Another term is 'Action'.
Betting lineA betting opportunity with odds. Another term is 'Line'.
Betting TaxA Tax on a bookmakers turnover. Another term in the UK is 'Duty'.
BettorPeople like all of us who place a bet. Another term is 'Gambler', 'Punter' or 'Player'.
BookmakerOrganization which allows you to place a bet like Bet365, William Hill and others. Another term is 'House', 'Sportsbook' or 'Odds compiler'.
BookieA slang term for Bookmaker.
BonusRewards for members at a bookmaker.
BRShort term for Bankroll.
ChalkA favourite team or horse.
Chalk playerThat's a bettor who rarely bets on underdogs but more on favourites.
Circled gameA game where the bookmakers set staking limits.
ColtA male horse that is 4 years or younger.
Daily doubleA bet in which the bettor chooses the winning horses of two races. Both horses must win to win the bet.
Dead heatTwo horses finish exactly equal. Both horses will be declared as winners and the bettors receive half of their winnings.
DogA team or horse that is not expected to win. Another term is 'Underdog' or 'Outsider'.
Dog PlayerThat's a bettor who bets on underdogs.
DoubleA bet on two events. It can be two different events or two bet types on the same event. Both bets must win to win the double.
DrawNone of the two teams in a match can win so their points will be shared. Another term is 'Push' or 'Tie'.
Each wayBetting on a horse to win and finish within the first 2-4 places.
EdgeA bookmaker's commission. Another term is 'Advantage', 'Margin' or 'Juice'.
EventAnother term for any kind of event, race, tournament or match.
ExactaTwo horses will be backed to finish 1st and 2nd in a race in the exact order. Another term is 'Forecast' or 'Perfecta'.
ExposureThe amount of money a bookmaker can lose on a particular event.
EvensOdds of 1/1 or 2.00
FavouriteA horse or team which might win this race or match. The favourite has always the lowest odds.
FavouredA team or horse which is favoured by the bettor. It can be the favourite but sometimes it can be the outsider.
FieldAll competitors in an event.
FillyA female horse that is 4 years or younger.
FiringBetting large amounts on an event.
First Half betA bet just for the outcome of the first half. It doesn't matter what will happen in the second half.
Fixed gameA game which will be manipulated by one competitor or team.
FoldAn indication of the number of selections in an accumulator (4 bets in one accumulator would be a 4-fold accumulator).
Football1) The European term for soccer or 2) the american sports which Europeans know as American Football.
FormThe recent results of a horse or team. For example the five-match form of Bayern Munich could be win, win, draw, win, lose.
ForecastTwo horses will be backed to finish 1st and 2nd in a race in the exact order. Another term is 'Exacta' or 'Perfecta'.
FurlongAn indicator of the distance of a horse race. One furlong equals to 1/8 of a mile or 220 yards.
FuturesThat's a bet that is placed in advance to predict the outcome of a future event. Another term is 'Ante Post'.
GamblerPeople like all of us who place a bet. Another term is 'Bettor', 'Punter' or 'Player'.
HandicapThe favourite team or horse has a point deduction and the underdog has points added to even up the bet. Another term is 'Point spread'.
HandicappingThe attempt to predict the outcome of a match or race.
HandleTotal amounts of bets taken.
HedgingPlacing an opposite bet to your first bet to cut losses or guarantee a small win.
HeinzA multiple bet consisting of 57 bets involving 6 selections in different events (15 doubles, 20 trebles, 15x4 folds).
Home TeamThe team that is playing in their own stadium.
Horse RacingThe most popular sport in the UK and Ireland. Horses contest to win prizes.
Hot gameA game with many bets on one side.
HouseOrganization which allows you to place a bet like Bet365, William Hill and others. Another term is 'Bookmaker', 'Sportsbook' or 'Odds compiler'.
Ice-HockeyA popular sports in Europe and America. Two teams contest on ice to score as many goals as possible.
Joint favouritesTwo teams or horses have the same odds so both of them are favourites.
JuiceA bookmaker's commission. Another term is 'Advantage', 'Margin' or 'Edge'.
Lay betBetting on a particular event NOT to happen. The opposite is the Back bet.
LengthenWhen a bookmaker for whatever reason changes the odds to a higher odd. The opposite is 'Shorten'.
LimitThe maximum amount a bookmaker will allow the bettor to place.
LineA betting opportunity with odds. Another term is 'Betting Line'.
LinemakerA person that sets the betting lines.
LockA selection that is highly expected to win. That's the favourite out of the favourites. Another term is 'Banker'.
Long shotA team or horse which has by far the biggest odds. It's a big underdog/outsider.
Lucky 1515 bets involving 4 selections in different events (I.e. 4 singles, 6 doubles, 4 trebles and 1 fourfold).
Lucky 3131 bets consisting of 5 selections in different events (I.e. 5 singles, 10 doubles, 10 trebles, 5 fourfold plus 1 five-fold).
Lucky 6363 bets consisting of 6 selections in different events (I.e. 6 singles, 15 doubles, 20 trebles, 15 four-fold, 6 five-folds, and 1 six-fold).
MarginA bookmaker's commission. Another term is 'Advantage', 'Juice' or 'Edge'.
MareA female horse that is 5 years or older.
MarginThe distance a horse finishes in front of another horse.
MultipleIt's a multiple bet where you choose two or more selections. To win an accumulator every selection has to win. Another term is the 'Parlay' bet or 'Accumulator'.
NAPThe best bet of the day by newspapers or tipsters.
NB - Next BestThat's the next best bet of the day after the NAP. So it's the second choice of the tipster or newspaper.
Neutral siteA stadium or arena where no one has the home advantage.
No ActionA bet where no money is lost or won.
Normal TimeThat's the time which usually counts for your placed bets. In soccer the usual time is 90 minutes (2 x 45 minutes). If not otherwise specified, it doesn't include extra time, golden goals and penalty shootouts.
OddsThe bookmaker's evaluation of a team's winning chance. The odds include a profit for the bookmakers which is know as the bookmaker's edge. Another term is 'Price'.
Odds onOdds that are lower than evens. Evens is 1/1 or 2.00 so the odds are 1.99 or lower.
Odds againstOdds that are greater than evens. Evens is 1/1 or 2.00 so the odds are at least 2.01
Odds compiler/ OddsmakerOrganization which allows you to place a bet like Bet365, William Hill and others. Another term is 'House', 'Sportsbook' or 'Bookmaker'.
OutA term for an illegal bookmaker.
OutsiderA team or horse that is not expected to win. Another term is 'Underdog' or 'Dog'.
OverlayWhen the odds are in favour of the bettor and not of the house.
OverA bet on points or goals to be higher than the given number. If you bet on Over 2.5 Goals you win your bet if there are 3 goals or more.
ParlayIt's a multiple bet where you choose two or more selections. To win an accumulator every selection has to win. Another term is the 'Accumulator' bet or 'Multiple'.
Past PostPlacing a bet after the event has started.
Patent7 bets involving 3 selections in different events, i.e. a single on each selection, plus 3 doubles, and 1 treble.
PayoutThat's the amount of money you receive when winning your bet. Another term is 'Winnings' or 'Return'.
PerfectaTwo horses will be backed to finish 1st and 2nd in a race in the exact order. Another term is 'Exacta' or 'Forecast'.
PickWhen none of the teams is really favoured.
PicksA selection of bets
PlaceBetting on a horse to finish within the first 2-4 places.
PlayerPeople like all of us who place a bet. Another term is 'Bettor', 'Punter' or 'Gambler'.
Point SpreadThe favourite team or horse has a point deduction and the underdog has points added to even up the bet. Another term is 'Handicap'.
PostponedAn event has been cancelled and rescheduled for a later date.
PriceThe bookmaker's evaluation of a team's winning chance. The odds include a profit for the bookmakers which is know as the bookmaker's edge. Another term is 'Odds'.
PucksA slang term for Ice-Hockey.
PunterPeople like all of us who place a bet. Another term is 'Bettor', 'Player' or 'Gambler'.
PushNone of the two teams in a match can win so their points will be shared. Another term is 'Draw' or 'Tie'.
ReturnThat's the amount of money you receive when winning your bet. Another term is 'Winnings' or 'Payout'.
ScratchA horse is withdrawn from a race before the start so all bets will be cancelled and amounts will be refunded.
SharpProfessional gambler.
ShortenWhen a bookmaker for whatever reason changes the odds to a lower odd. The opposite is 'Lengthen'.
Single betPlacing just one bet instead of doubles or accumulators. Single bets are the most common bets and the recommended ones. Another term is 'Straight bet'.
SoccerAlso known as Football in Europe. Two teams play against each other for 90 minutes and win by scoring the most goals.
SportsbookOrganization which allows you to place a bet like Bet365, William Hill and others. Another term is 'House', 'Bookmaker' or 'Odds compiler'.
StakeThe amount of money you place on each bet. Another term is 'Wager'.
Straight betPlacing just one bet instead of doubles or accumulators. Single bets are the most common bets and the recommended ones. Another term is 'Single bet'.
Sucker betA betting line with a large house edge.
Super Heinz120 bets involving 7 selections in different events, i.e. 21 doubles, 35 trebles, 35 four-folds, 21 five-folds, 7 six-folds and 1 seven-fold.
Super YankeeMultiple bet also known as 'Canadian'. A Super Yankee is a Yankee type bet with five selections instead of four.
Sure betAlso known as 'Arbitrage'. Bookmakers offer different odds on an outcome so you can back both sides of this event for a guaranteed profit.
SystemA betting method based on statistics or connections to give the bettor a great advantage.
TennisA popular sports between two competitors (Single match) or two groups of two competitors (Double match).
TieNone of the two teams in a match can win so their points will be shared. Another term is 'Draw' or 'Push'.
TipsSelections or predictions of an outcome. Often prepared by an expert or so called 'Tipsters'.
TipsterSomeone who offers selections on events for free or on a paid basis.
TrifectaThree horses will be backed to finish 1st, 2nd and 3rd in a race in the exact order.
TrebleA form of an Accumulator with three selections combined. Every selection must win to win the treble.
TrixieA Trixie consists of 4 bets involving 3 selections in different events, i.e. 3 doubles plus 1 treble.
True oddsThe real chance of a particular event to happen. If the true chances are higher than the odds suggest you have a value bet.
UnderA bet on points or goals to be lower than the given number. If you bet on Under 2.5 Goals you win your bet if there are 2 goals or less.
UnderdogA team or horse that is not expected to win. Another term is 'Outsider' or 'Dog'.
Union JackA bet consisting of 8 trebles on 9 selections A to I: ABC, DEF, GHI, ADG, BEH, CFI, AEI, and CEG.
ValueGetting the very best odds on a particular event. The bookmaker's edge has to be low and the real winning chances must be higher than the odds suggest.
WinningsThat's the amount of money you receive when winning your bet. Another term is 'Payout' or 'Return'.
Wise guyA well informed handicapper or bettor.
WagerThe amount of money you place on each bet. Another term is 'Stake'.
YankeeA bet that consists of four selections, combining them into six doubles, four trebles and one fourfold - i.e. eleven bets.

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I am a passionate sports betting fan and a sportsman. My sports betting experience started in August 2011 and i created this website to share my knowledge with you. My aim is to help you taking your betting activity to the next level to make good money in this exciting business of sports betting.

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