A Glossary of Common Betting Terms

betting terms and glossary

The Glossary of Common Betting Terms

Premium (or margin) is the percentage that the bookmaker retains in a fixed odds bet. The calculation of the premium is essential for comparing the odds between various bookmakers.

In an event with 1 × 2 it is determined as follows: 1- (100 / (100 / (odd 1) + 100 / (odd X) + 100 / odd 2))) Es Roma-Juventus 2.25 2.57 3 , 60 1- (100 / ((100 / 2.25) + (100 / 2.57) + (100 / 3.60))) = 1- (100 / (42.73 + 32.78 + 35, 71)) = 1- (100 / 111.22) = 1-0.9 = 0.1 = 10% In this case the premium is 10%: the lower the premium, the cheaper the odds offered by the bookmaker .

Antepost
From the Latin before (ante) after (post). It is a question of predicting which team or which athlete will prevail in the event that generally lasts over time. The odds vary with the passage of time and the changing situation.

Examples:
1) which team will win the Italian Serie A football championship
2) which tennis player will win at Wimbledon
3) which national team will win the Six Nations rugby team

Asian Handicap
This type of handicap betting is widely used in the Asian continent, while in Europe, it has only caught on in recent years. The principle is the same as a classic handicap bet, except that the handicap may contain ” quarters ” of goals or points, and that the tie is eliminated in the possibilities.

These are the possibilities that may present themselves in front of you: 1) The goal difference is greater than or equal to 0.5 => you win the bet with the odds appearing 2) The goal difference is equal to 0.25 => you recover the half of the bet 3) The goal difference is greater than or equal to 0 => you lose the bet.

Banking
In a betting exchange (see below), it represents the possibility of offering other bettors a share on a particular event. For those who bank, the bet is a winner if the event does not occur and a loser if it does not. The maximum potential loss is represented by the product of the offered share by the accepted amount. In contrast, the possible winnings are represented by the amount for which the event was settled.

betting terms

Betting exchange
The betting exchange, also known as the betting peer to peer (P2P), is a business place in betting terms. A betting exchange allows you to buy odds offered by other users or sell your odds.

The advantage can be found in the value of the shares, which is significantly higher (10/15%) than that offered by traditional sports betting sites since it is the players themselves who set the market level (and not the bookmaker). Then the odds evolve according to the cash flows established by the players.
The pioneer in the exchange industry was the UK site Betfair, launched in June 2000.

Bookmaker
A bookmaker is a company whose business is to propose bets, especially on sporting events.

Draw no bet
The Draw no Bet (often used on football) offers only two odds. One for a home win, one for tern victory. In the case or event of a draw between the teams, the bet is void (you then recover the stake). The odds are generally low in this type of wager because the bettor reduces his chances of losing the bet.

Each way
English term, indicates a winning/placed play. In practice, it is two bets. Half of the bet sum goes on the winner, half on the set.

Lay
Selling a prediction on a Betting Exchange.

Live Betting
The possibility or ability to bet on the outcome of an event or the occurrence of certain circumstances (e.g., goals, penalties, ejections, etc.) during the event itself.

Odds
The odds allows you to calculate the profit linked to a bet. It represents the inverse of the probability of occurrence of a result. The lower the dimension, the higher the probability of occurrence of the result:

The different dimension standards

European odds: This is a share expressed in the form of an integer or decimal number (for example, 1.5 or 2). To calculate the gain related to the European share, you have to use the simple formula:
Profit: Sum bet x (Quota – 1)
English or fractional quota: In this case, the dimension is expressed in the form of a fraction (e.g., 1/3 or 2/1). To calculate the gain related to an English
odds, you must use the following formula: Profit: Sum Bet x Odds
American quota: Much less popular than previous standards, expresses the quota in the form of a positive or negative number (for example, -300 or 300). Negative odds indicate the bet required to earn 100; positive odds indicate the gain corresponding to a bet of 100. To calculate the profit tied to an American
share, you need to use the formulas :
Profit – Sum bet x 100 / (-quota) for negative odds Profit : Sum bet x 100 / odds for positive odds
Spread Betting
Spread Betting (very popular in the UK) allows you to bet on a certain number of shares during a sporting event. The goal of this venture is to predict whether a certain number will be higher or lower than a given threshold, which in English is called “Spread” (for example, the number of corners in a football match, or the handicap points are given to the favorite team in a basketball game).

Stake
With the English term of stake is the amount of money that will be invested in the bet, and that will be lost in case the event we predicted does not occur.

Sure Bet
The Sure Bet (safe bet) consists of betting on all possible results of a particular event, aiming each result at a different bookmaker, intending to take the highest odds of each sign at various betting agencies. This type of bet is not easy to apply, given that a sure bet opportunity does not remain on the sports market for a prolonged period. Usually, the time margin useful for making a sure bet is limited to a handful of minutes.

Tipster
English term, indicates the individual whose job it is to predict the exact outcome of a sporting event.

Under/Over
Prediction of the total number of goals scored in a football match or the number of complete games played in a tennis match. Predicting “Over” means betting on more than a given amount of goals/games, while betting “Under” means betting on fewer goals/games than the amount set by the bookmaker.
Example: In football, the Over/Under 2.5 is proposed. An “Under” pick is a winner if the total number of goals is two at most. The choice is a loser if three or more goals have been scored during the match.

Underdog
That player or team that has little chance of winning a match in a sporting competition. Its altitude is usually very high.