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 Glossary1 X 2 it’s the most popular form of betting. All you’ll have to do in order to win a bet is to place your bet on the result of a match (1=Team “A”; X=Tie; 2=Team “B”). The bookmaker makes an evaluation for each event and offers odds that will represent the probable outcome. Accumulator it is a term, used for a multiple combination of bets (i.e. greater than three), where all bets should win if one wants to make a profit. If it is not so, you’ll loose. Doubles and Trebles are much more common. Asian handicap these bets, often used in soccer matches, are used to balance odds and their purpose is to eliminate ties. Backed the bookmaker accepts lots of bets on a single team. When this happens, odds decrease. Double chance this is a bet where, in matches with three possible outcomes 1 x 2, allows you to bet on two outcomes only, unless you are 100% sure that one of the two teams won’t win. Double it is a combination of two bets, where it is necessary that both bets win if you want to make a profit. If the two bets have no positive outcome, you’ll loose. Drift it is the name one gives to odds on a team, when these go up. Each way it is the winning/placed bet. Bookmakers usually don’t offer an odd for the placed bet only, but for the winning/placed bet as well, i.e. an Each Way. In this case one half of the money goes on the winning bet and the other half on the placed bet. Joint favourite it is the adjective, used to define two teams when a bookmaker is not able to make a sufficiently differentiated evaluation. Jolly it is a jargon term that is generally used by bookmakers to indicate the favourite team. Lay this is an English term meaning “to place”. It is used when bookmakers accept bets on a particular event ( to lay a bet). Odds compiler it’s a person working for a bookmaker, whose function is that of regulating odds. It is generally a former gambler who deals with a sport only, generating odds. Punter it is a term, used to indicate a better. Single it’s the "single bet", the easiest game one could do. Spread betting it is a kind of bet where one wins or looses, according to how good the previsions were. It can lead to big winnings, but to big loss as well. Type these are the selections of an expert. Under/Over it’s a kind of bet that, compared to 1 x 2, gives more chances to win (50%). It consists of guessing if a match will end up under or below the odd established by the bookmaker. |
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