The easiest way to read fractional odds is when you look at the first digit as being the part you win and the other number as being the part you have to wager on. In regards to the odds of ½, you have to place a bet two to win one; these odds equal 1.50 in decimal format. Thebetting termsyou will want to master first will be the terms related to odds and placing bets. They are some of the most common terms and will also keep you from being confused by thebookmakers. Once you have mastered some of these terms you can move on to the more advanced and colourful bits of betting terminology. Whenever you hear someone say they “have the over,” they are expecting a higher number for an event than bookmakers have set.
Book-A website or sportsbook with whom you place your wagers. Turn of phrase used to describe a narrow winning margin, often photo-finish winner. Betting on the underdog and the perceived advantage of taking the +points at the spread. More prevalent when using decimal prices ($1.90 vs. -110), but essentially another word for odds. This is usually based on the amount of money being thrown down on one side, often due to things such as weather conditions and injuries.
The participant with the shortest odds – not necessarily the best chance of winning though as the amounts staked on an event will also have a bearing on the odds offered. If the odds drift too far away from evens, it is more common for a proper/true asian specialist to move the handicap rather than the line/odds. Each-way – A bet that comprises two independent bets, one for the selection winning and one for the selection placing e.g 2nd or 3rd. Place conditions vary in relation to the number of participants.
A treble is a Best Online Sports Betting Bonus three-selection bet where all three selections have to win in order to get a return. Say you back horse one at 2/1, horse two at 5/1 and horse three at 7/1, the combined winnings from a £5 bet would be £715. We’ve got the full rundown on permutations or perms at our unique horse racing glossary. Check out our definition of parley over at our horse racing glossary. Match betting is a scheme whereby you guarantee income from bookmaker’s free bonuses. Only available the first time you get a free bet when you sign up with a bookmaker, it is a great way to make large amounts of money.
Common derivatives include back a winner, back a loser, back a duff horse, etc. Arbitrage – Backing all selections within a market, across several bookmakers, to exploit the price discrepancies and guarantee a positive return. An outsider is a runner, team or individual that is deemed unlikely to win an event.
A team is said to “cover the spread” if it wins by more than the point spread set by the sportsbook. The favorite team covers by winning the game by more than the spread while the underdog covers the spread by winning the game outright or losing by less than the point spread. In horse racing, betting across the board refers to placing equal bets on a horse to win, place and show. Another name for a parlay wager in which multiple bets are bundled together. All bets included in the accumulator must-win for the overall bet to win. Gamblers love this kind of bet because it offers huge payouts.
A way of displaying sports betting odds that lists the potential payout as a fraction that can be multiplied by the stake amount to gauge potential returns. A betting market that only focuses on the first half of a sporting event. This can include spreads, totals and moneylines that only cover the first half of a game. The amount a sportsbook stands to lose on a given game or betting market.
In-play betting refers to when you place bets after an event has started. Most bookmakers allow you to do this and it’s a very popular betting strategy in 2019. The most likely to win a certain event is called the favourite. It differs from an accumulator in that if one selection loses, the remaining bets still stand.
There are free bets and money back guarantees which allow you to make risk free bets for big events. And then there are even no deposit bonuses which reward you for a wide variety of actions from joining up to being a loyal customer. Create an account at Bet365, 888 Sport or Betway and you can start making PayPal deposits already today.