BETSHEZI BETTING GLOSSARY

A bet that combines multiple selections into a single wager. All selections must win for the bet to pay out.

Bets placed before the market on horse and greyhound racing has opened. It is generally available at least a day before the event.

A type of handicap betting popular in Asia. This type of betting aims to level the playing field in games with mismatched teams. Teams are thus handicapped based on their perceived abilities.

Also known as to bet or wager, this term simply means you are betting on a specific outcome to come true.  For example, a “backed” horse is one on which the bet has been placed.

A bet which is believed to be a heavy favourite to win. Do remember, though, that there is no such thing as a sure thing.

A prediction of an outcome with a stake attached to its success or failure. Money is almost always the stake in legitimate betting.

An expression of the implied probability of an outcome, according to the bookmaker in question. Also known as ‘prices’, they are also used to calculate bet returns.

A company or individual that accepts and pays out bets on various sporting events.

This market sees you win if both teams score by the end of 90 minutes. The winner of the game is irrelevant to this market.

A real-time tool which allows you to cash out a bet before that market has ended. Partial cash outs, where you only cash out a percentage of your bet, and automatic cash outs, where your bet is cashed out when the offer hits a certain amount, are also available.

A bet consisting of two different selections. Both of these must be correct for the bet to be successful.

If you back a team to win under draw no bet market rules, then your stake will be returned if the game ends in a draw. Because this reduces the potential markets (usually) from three to two, it does come with the cost of shorter odds.

In a three-way market, your options are for the home team to win, the away team to win, or the match to end in a draw. A double chance bet means you get to pick two out of these three possibilities, winning if either prediction comes true.

A bet that combines a win bet and a place bet, commonly used in horse racing.

Another type of handicap betting, similar in concept to Asian handicap betting. The key difference here is the option of a draw.

These are the odds you get from a bookmaker at that given time. It means that you are stuck at that price, even if they change closer to the event.

A bet placed solely on the first half of an event. Any market could theoretically apply. See section ‘H’ for some examples of these markets.

Any bet which you can place without needing to place your own stakes. The winnings you receive will almost certainly not include the stake, and will likely be subject to additional terms, such as wagering requirements.

Generally utilised as a part of team sports, Full Time Result (or 1X2) allows you to pick who you think will win at the end of the full-time play, or if it will end in a draw. It is the most popular kind of sporting market.

Placing a bet on an uncertain outcome, often involving an element of risk.

There are several different goalscorer markets. These include First Goalscorer, where you bet on which who will score first, Anytime Goalscorer, where you back a player to score at any point during the game, First Team to Score, where you select which team you think will score the first goal, and more.

Select who you think will be the winner (or if you think the result will be a draw) at the end of the first half. What happens after has no impact on this market.

A market where you need to correctly predict the exact score at the end of the first half to end up with a successful bet.

A large cash prize that accumulates over time and is awarded to a bettor who correctly predicts a series of outcomes.

Betting against a particular outcome, essentially acting as the bookmaker.

Any form of betting that is happening on events as they are occurring. Live betting odds often change as the relevant sporting event unfolds.

Many betting sites provide the opportunity to watch the event you are betting on as it happens by means of ‘live-streams’. In some instances, you will only be able to use a live stream if you have placed a bet.

This is the highest amount that punters can withdraw from a betting site in one go. Every betting site has a maximum payout in place.

This is the lowest amount the bookmaker will allow you to bet. It can be different depending on the sport or event.

A selection that doesn’t participate in an event, often applied in horse racing.

The probability of that market being successful, according to the bookmaker. It is also reflective of the return you can expect.

Any market where the goal is to predict whether the number of an instance will be above or below a certain amount. Common over/under examples include corners, cards and goals.

The amount of money you receive if your bet is successful. This includes both the stake and the winnings.

A form of gambling where you pay a fixed amount into a pool, after which the money is divided equally between everyone who made the correct prediction. There are no odds involved, so this is a very unique way of betting.

An offer from the operator which provides some kind of bonus to the user, often through the latter completing some kind of set criteria. There’s a huge number of promotions variations usually available across different bookmakers.

An offer from the operator which provides some kind of bonus to the user, often through the latter completing some kind of set criteria. There’s a huge number of promotions variations usually available across different bookmakers.

Another word for someone who is a betting customer of that site. A general slang term for people who enjoy betting.

Another term for your winnings or payout. Put simply, the amount of money you get if you win.

A broad term for any kind of bet that is not part of the usual betting line up. It could be the method of the fight ending in an MMA market, for instance.

A bet placed on a team to score in the first and second half.

A bet placed on a team to win either half of the match.

A bet placed on a team to win both the first and second half.

A bet that combines three selections into a single wager.

The team or player considered less likely to win, often associated with higher odds.

Placing bets on outcomes where the odds offered are better than the perceived probability of that outcome occurring.

This is a version of popular sports – for example, F1 racing or tennis – that is rendered virtually. You can bet on these virtual sports just as you would on their traditional, real-life counterparts.

Placing a bet on a particular outcome in a sporting event.

A strategy that involves placing bets on all possible outcomes to guarantee a profit, often associated with matched betting.