A

Accumulator: A selection of bets on multiple outcomes, all outcomes must be successful for the bet to be successful.

Action: Any kind of bet.

Against the Spread: A bet where you pick which team will cover the spread; not necessarily which team will win.

Ante Post: It’s possible to place bets weeks, months and sometimes years in advance. These bets are called ‘ante post’-bets. The term ‘ante post’ originally comes from horse racing.

Asian Handicap: The Asian handicap originated in the east and refers to spread betting in football. The Asian handicap removes the possibility of a draw which increases the chances the chances of a profit. There are only two outcomes of a win with an Asian handicap, a “home” or “away” win with a possible “push” for money back on a draw depending on the handicap. The handicap is a virtual goal head start and can increase in increments of ¼ i.e. ¼ goal, ½ goal, ¾ goal, 1 goal, 1 ¼ goal etc.

B

Bar: This shows what the lowest odds of horses not mentioned in the betting forecast are likely to be – ’50-1 bar’ means those not quoted are 50-1 or bigger.

Banker: A selection that is strongly fancied. It will often be the cornerstone of combination bets.

Beard: A friend or acquaintance whose job is to place a bet in order to conceal the true identity of the real bettor.

Bet: To put money on the correct prediction of an outcome.

Betting Exchange: An exchange is a peer-to-peer betting network, enabling you to place bets and ‘match’ wagers placed by your fellow punters.

Bookie/Bookmaker: A licensed company who accepts bets on the result of an event based on their provision of odds to the punter.

BTTS: Both Teams to Score

C

Canadian: A Canadian (also a Super Yankee) consists of 26 bets involving 5 selections in different events. The bet includes 10 doubles, 10 trebles, 5 four folds plus an accumulator. A minimum of 2 of your selections must be successful to get a return.

Cash out: This is when a punter can settle a bet before it has finished, such as cashing out a 6-fold accumulator with four legs having already won and not wanting to risk the other two legs winning also.

Chalk: The favourite.

Chalk player: A person who usually places his bets on the favourite.

Circled Game: Applies to US sports. A game where the betting activity is limited by the bookmaker; this usually happens where weather or injury may become a factor in the result.

Clean sheet: This is when a team successfully comes through a game without having conceded a goal or any points. In betting, you will see options like To Win to Nil which means that you are backing a side to win without conceding.

Combination Bet: A combination bet is where you place multiple bets on your selections to eliminate the risk and to maximise the potential gain. It is a full coverage bet so even if one selection loses, the entire bet won’t be lost.

Correct Score: Correct score betting is where you have to predict the correct score of an event to win.

D

Dog: Somebody who is expected to lose a fight or contest (also known as the “underdog”).

Dog player: A punter who usually places his bets on the underdog.

Doubles: An accumulator which involves two selections. Both must be successful for the bet to win.

Double Action: An “if-bet” that proceeds if the precedent bet is won, tied or cancelled.

Double Chance: Occasionally, bookmakers may reduce the 3 outcomes for a football match to 2, by what is known as ‘Double Chance’ betting, where a single price is offered on a win or draw. If the backed team wins or draws, the bet wins.

Double Result: This is the result at both half-time and full-time.

Draw No Bet: This is a form of a coverage bet when you back a selection in a football match to win but the game is a draw then you will get your stake back.

Drift: When the price of a selection moves out (gets bigger), often due to a lack of support. That selection is said to be “on the drift”.

Dutching: Dutching is where you take your planned stake and use it to spread over more than one outcome on an event.

E

Each Way:  To increase the chances of winning a bet, it may be offered each way. Each way bets are actually two bets, one for the win and one for a high placing, and are settled as two bets.

Edge: A punter’s advantage in a bet.

Evens: A betting term for a 50/50 shot in an event.

Exotic: Any bet other than a straight bet or parley – also called a prop or proposition.

Exposure: The maximum amount of money a sportsbook stands to lose in a game.

F

Favourite: The team or individual the bookies rate most likely to win.

First Goalscorer: A bet placed on a player to score the first goal in football.

First half bet: A bet placed solely on the first half of a game.

Fold: A fold represents the number of selections in an accumulator. For example, a Four-Fold Accumulator consists of 1 bet involving 4 selections.

Form: Form rates how a team is currently performing.

G

GamCare: The UK national centre for information, advice and practical help with regard to the social impact of gambling.

Goal line: With goal line betting the bookmaker sets a total number of goals to be scored in the match (from both teams).  You can wager on whether there will be more or less goals scored than the indicated goal line.

Goliath: A Goliath consists of 247 bets involving 8 selections in different events. The bet includes 28 doubles, 56 trebles, 70 fourfolds, 56 fivefolds, 28 sixfolds, 8 sevenfolds and an accumulator. A minimum of 2 of your selections must be successful for a return.

H

Half time bet: A bet placed on the half time result.

Half time result: A bet that involves the punter correctly predicting the result of a match at half time.

Handicap: A system used by bookmakers to make a one-sided event become a more attractive betting proposition. For example, the weaker team may start with a one goal advantage. Known as the Spread in US sports. For fractional handicaps (0.5, 1.5 etc.), there is no possibility of a draw. If the margin of victory is same as the quoted handicap, all bets on the selected team will lose.

Handicapper: A person who studies, rates and bets on sporting events and/or races.

Hedging: This involves placing a bet on opposing outcome to the punters original selected outcome in order to guarantee winnings or cut losses.

Heinz: A Heinz consists of 57 bets involving 6 selections in different events. The bet includes 15 doubles, 20 trebles, 15 fourfolds, 6 fivefolds and an accumulator. A minimum of 2 of your selections must be successful to get a return.

Hook: Half a point added to (usually football or basketball) betting lines.

I

IBAS: Independent Arbitration Betting Service. An arbitration service which was launched to deal with betting disputes between punters and bookmakers.

L

Lay: When a bookmaker accepts bets, it is often said that they lay a bet. A bookmaker It will often be known as a layor.

Lengthen: When a bookmaker sees little activity on a particular outcome, they may choose to lengthen or increase the odds available.

Line: The current odds or point spread on a particular event.

Lock: US term for an almost guaranteed winner.

Longshot: A team or horse perceived unlikely to win.

Lucky 15: A Lucky 15 consists of 15 bets involving 4 selections in different events. The bet includes 4 singles, 6 doubles, 4 trebles, and 1 fourfold. If only one selection wins, as a consolation returns are paid to double the odds. If all four selections win, a bonus of 10% is added to total returns. For the bonus to apply, all selections must win (none void or non-runners). For each-way bets the consolation is paid only on the win part of the bet.

M

Match Betting: In standard match bets between two teams, winning odds are available for both, and the wager will either win or lose depending on the outcome of the event. Since a significant proportion of games end without any winner, the “draw” is offered as a betting option.

Monkey: Bookmakers slang for £500.

Multiples: Another term for Accumulators. Multiple bets involve more than one selection.

N

Nap: A tipster’s best bet of the day.

No action: A bet where no money is lost or won.

Non-Runner:  If you back a selection in a horse race and that horse doesn’t make it to the starting line for whatever reason, then it is called a Non-Runner. Most bookmakers will offer your stake back if your horse is a Non-Runner as long as it’s not an ante post wager.

Number Spread: An index spread based on the number of runs, goals and points scored in an event.

O

Odds: The returns a bookmaker offers for a selection to win. Also referred to as the price.

Odds On: Refers to a price where the odds are less than evens (fractional) or 2 (decimal).

Odds Against: Refers to a price where the odds are greater than evens (fractional) or 2 (decimal).

Outright Bet: This is just a straight single wager when you pick on selection from an event to win.

Outsider: The opposite of a favourite.

Over: An increasingly popular football fixed odds market is total goals betting, sometimes known as over/under. A commonly available over/under bet available in football is over/under 2.5 goals. By introducing a decimal, this removes the possibility of a draw, leaving only two possible outcomes.

Over-round: A betting book should be 100% (in theory), so a toss of a coin would be even money heads, even money tails. However, the bookmakers’ profit margins mean the figure is usually above 100%. In cases where it is less this is referred to as ‘over-round’.

P

Parlay: The US term for an accumulator.

Patent: A Patent consists of 7 bets involving 3 selections in different events. The bet includes a single on each selection, plus 3 doubles and 1 treble. Just one successful selection guarantees a return.

Permutations or Perms: There is a way to find 7 bets from only 3 selections, making use of what have incorrectly become known as permutations or perms. Each selection can be taken as a single match bet. Secondly, there is one treble available, calculated by multiplying together the odds for each of the 3 singles. However, there are also 3 doubles available too, by “perming” any 2 games from the 3 selections. Such a series of bets is commonly known as a ‘Patent’, or a ‘Trixie’ if the singles are left out leaving only 4 bets. The greater the number of selections to choose from, the greater the number of combinations available.

Point spread: The predicted scoring difference between two opponents as quoted by a sportsbook.

Pony: Bookmakers slang for £25.

Price: Betting or gambling odds.

Punter: The individual who puts on a bet.

R

Round Robin: A series of three or more teams in 2-team accumulators. A Round Robin means 3 selections in 3 (different) races, in 3 doubles, 1 treble and 6 single stakes about bets.

Runner: Somebody who places bets for another person.

S

Scout: Somebody who waits for what he thinks is an unusual strong wager.

Sharp: A sophisticated or professional gambler.

Singles: With a single bet on a football match, only one outcome is backed, and the bet can generally either win or lose, although in Asian handicap, there are other possibilities.

Special Bets: In an attempt to attract spread bettors into fixed odds football betting, some online bookmakers have started to offer specialised markets. Special bets include odds on the number of corners and bookings a televised match will have, odds for team performance, or the time of the first and the last goal scorer.

Spread Betting: Spread betting is similar to a handicap type system of betting. In spread betting, you back a team to cover a spread, essentially saying a team will lose by no more than 3 points, or will win by 5.

Super Heinz: A Super Heinz consists of 120 bets involving 7 selections in different events. The bet includes 21 doubles, 35 trebles, 35 fourfolds, 21 fivefolds, 7 sixfolds and an accumulator. A minimum of 2 of your selections must be successful to get a return.

Super Yankee: A Super Yankee consists of 26 bets involving 5 selections in different events. The bet includes 10 doubles, 10 trebles, 5 four folds plus an accumulator. A minimum of 2 of your selections must be successful to get a return.

T

Tic-tac: The ‘sign language’ with which bookmakers on the racing course communicate.

Trebles: A Treble consists of 1 bet involving 3 selections in different events. All must be successful to get a return.

Trixie: A Trixie consists of 4 bets involving 3 selections in different events. The bet includes 3 doubles and 1 treble. A minimum of 2 of your selections must be successful to get a return.

U

Under: An increasingly popular football fixed odds market is total goals betting, sometimes known as over/under. A commonly available over/under bet available in football is over/under 2.5 goals.

Underdog: A team or individual that is expected to lose.

V

Value Bet: If you believe the odds taken are better than the mathematical chance which the team has of pulling off the outcome, then you have a value bet.

W

Wise guy: A well informed or knowledgeable handicapper or bettor.

Y

Yankee: A Yankee consists of 11 bets involving 4 selections in different events. The bet includes 6 doubles, 4 trebles, and an accumulator. A minimum of 2 of your selections must be successful to get a return.