Whether you’re new to sports betting or not, there are some terms that are good to keep handy.
Betting Terms You Need to Remember
Like all cultures do, sports betting has developed its own jargon, and sometimes, it’s hard to keep up with it. There are tons of different betting terms. Here are the 10 most relevant ones that you definitely need to know.
Accumulator or Acca
A cumulative bet where the bettor appoints a selection in various races or events and bets on the first one. If the bettor wins, the winnings become their bet on the next, and so on.
This is where the online betting industry grows the most. Place a bet while the game is happening live. It’s hard to predict who will win sometimes, so wait until the teams have been announced, the game has started, and you have completely assessed the match. Live bets can be placed from the first right up until the last minute.
In non-parimutuel betting, the returns for place bets are determined as a proportion of the win odds. This varies between events and sports. Bookies clearly advertise the place terms in operation when the bet is struck.
A bet that has two wagers. The first is for the selection to win, and the second is for the selection to place, at a proportional price dependent on the place terms.
Ante-post prices are those on major sporting events, usually the day before the event itself. In return for the chance of better odds, punters risk the fact that stakes are not returned if their selection pulls out.
An Asian handicap bet eliminates the chance of the draw. In normal football betting, there are three possible outcomes: Team A, Draw, and Team B. An Asian handicap allows you to bet on one of two results by handicapping the favourite team.
The competitor considered most likely to win; hence, they have the shortest or lowest odds (another name for this is the “jolly” or “sponk”).
Where the odds are shorter than evens (for example, “4 to 7”). If the selection wins, the amount won is less than the amount staked (don’t forget, you get your stake back as well!).
Draw No Bet
If you think your team will win the game but there is also a chance they could draw, you can use a Draw No Bet selection. If your team wins, you get your winnings and if it’s a draw, the bet is void, so you get your stake back. You might think there must be a catch somewhere. The thing is that the odds are smaller to reflect the fact that you are getting a chance to get your money back.
This term can be used to describe the total combined points in a game or the number of games a team will win in a season. Also used in prop bets.
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