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Outright Odds

Barclay's Premier League 2016/17 To Win Outright Markets

Chelsea England Premier League 2016/17: 4/11
Tottenham England Premier League 2016/17: 8/1
Arsenal England Premier League 2016/17: 8/1
Liverpool England Premier League 2016/17: 12/1
Man City England Premier League 2016/17: 20/1

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Betting Glossary

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Get familiar with common terms used in betting.

In an attempt to make their sports betting websites even more appealing to punters, online bookmakers are constantly adding new betting options and betting markets to their sportsbooks. Bettors from all over the world have long ago embraced these new markets and betting types, but players relatively new to the online gambling world are likely to have big problems in trying to understand terms like scorecast betting, European handicap or teasers.

It is for that reason that we have decided to create a unique betting glossary, where you can find these and many other football betting terms explained in plain English. The soccer betting glossary is not only designed to explain the latest betting terminology, but is meant to outline the most important features of each and every betting term, as well as give pros and cons for using that particular betting option.

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Click a letter below to jump to that section of the glossary.

Accumulator Bet

An accumulator, otherwise known as a parlay bet, refers to a single bet that links two or more bets/individual wagers into one whole bet. In order to win, the accumulator requires all wagers to win as they are each dependent on each other.

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Ante Post

Ante post refers to betting odds offered a day before a horse race. This happens before all races begin and is the most common type of bet.

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Arbitage Betting

Arbitage betting refers to opportunity betting in which punters guarantee a “sure bet” by betting on a game at two or more bookmakers. Since it is well known that bookmakers each have unique odds, it is possible to bet on one competitor at bookmaker A and bet on the second competitor at bookmaker B (or…

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Asian Handicap

The Asian handicap originated in the east and refers to spread betting in soccer. The Asian handicap (also known as Hang Cheng) removes the possibility of a draw result which increases the chances of a punter turning a profit significantly. There are only two outcomes of a win with an Asian handicap, a “home” or…

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Banker Bets

Banker bets are bets placed on hot favourites and are, therefore, expected to bring certain profit. In system bets, banker is a selection that must win in order to guarantee a return. These are usually placed on odds of 1.40 (2/5) or lower and can be placed as singles or combined as part of an…

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Betting Exchange

Betting exchange works almost the same as stock market, but instead of trading shares you trade your bets. Rather than betting against the bookmaker, you bet against fellow players, with the betting exchange acting only as intermediary. You can place a ‘back’ bet – betting on something happening or a ‘lay’ back – betting against…

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Betting Markets

Online bookmakers tend to offer a huge selection of betting markets on every single match, often giving their customers a choice between more than 100 betting options per game. Popular betting markets include winner (home, draw, away), over/under, Asian handicaps, correct score, first goalscorer, half-time result and many more, with the bettors given a courtesy…

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Closing Line

Otherwise known as the final line, the closing line refers to the betting line before a bookmaker sets the odds for an event.

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Double Betting

Double bet is the simplest of all accumulators as it consists of just two selections, both of which need to be guessed correctly in order to qualify for a return. Offering higher returns than singles and giving better chances of winning than multi-bet accumulators, double bets or simply doubles are used by a huge number…

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Double Chance Betting

Double chance betting is usually deployed by punters who enjoy backing the underdogs with its main feature the fact that it covers two out of three possible outcomes. By taking a double chance on a team, you win the same amount of money if your team win or if they draw, meaning that only the…

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Draw No Bet

“Draw no bet” is commonly used when betting on sporting events. If a punter backs a team in the Draw no bet market, his bet will win if his team emerge victorious, while the full stake will be refunded in case of a draw. The bet loses if the backed team lose the game in…

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Dutching

Dutching is a betting system used to cover several contenders in an event, making sure each and every one of those bets guarantees the same profit, while eliminating major underdogs. This ensures the same profit regardless of which bet wins, obviously provided one of the backed contenders do win the event. This kind of strategy…

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Each Way Bet

An "each way bet" is offered by bookmakers and refers to two separate bets on the same stake; a win and a place bet. This is most commonly used in horseracing when the punter bets on the horse to win, or place (usual top 3). If the horse places, then the odds will be fractionally…

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European Handicap

There is a good chance that all of you have heard of Asian handicap, but European Handicap is not such a familiar term. With European Handicap, one of the two teams is given an advantage before the match starts, but there are still three possible outcomes – home win, draw and away win. There are…

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Evens Bet

Evens bet is a bet placed at odds of 2.00 (1/1), commonly known as even odds, and is seen as an ideal bet especially for players who mostly bet on singles because it doubles your stake if guessed correctly. The players only need to win every other bet placed on even odds or higher to…

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Exacta (or Perfecta)

An exacta, or perfecta, is commonly used in horseracing in which the punter must correctly pick the order of those finishing in first and second place exactly.

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Fixed Odds Betting

Fixed odds betting is a process of placing bets on pre-determined odds, meaning that you know exactly how much you stand to earn at the time of placing a bet. Regardless of how much the odds fluctuate after you have placed your bet, your potential returns will not change. All you have to do is…

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Forecast

Forecast is a wager on a single event that requires a punter to correctly predict the finishing order of the first two finishers in the event. Forecast bets are usually placed as outright bets on the outcome of a football competition, with punters usually predicting the two teams to finish as 1st and 2nd in…

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InPlay Betting

In-play betting refers to live match betting in which it is possible to bet on the outcome or elements of a match while it is still “in play”.

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Juice

The term “juice” refers to the commission that a bookmaker takes for each losing bet. This is also known as the “vigorish” or “the take”.

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Martingale

The martingale system refers to an investor increasing their stake on a new bet each time they lose. The logic is that eventually a bet will win and the money lost will be earned back in addition to winnings.

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Money Back Bets

Introduced by famous Irish bookmaker Paddy Power (£/€50 Free Bonus - only for Soccernews' players!) and embraced by the majority of top online bookmakers, Money Back Bets or Money Back Specials have taken the betting world by storm over the last few years. These kinds of bets are basically seen as promotional offers seeing they…

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Novelty Betting

As the term suggests, novelty betting is not your average type of wagering and it involves betting on events that have almost nothing to do with sports. Almost all online bookmakers now offer a wide selection of novelty bets, and contrary to the general opinion, these have generated some impressive payouts in the past. Some…

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Off the Board

If a game is taken off the board, it is no longer available to bet on even though it had been originally offered. Bookmakers take a game off the board when they suspect the outcome of the game has been fixed, thus making sure they don’t lose any more money on that particular match. The…

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Outright Bet

Outright bet is a bet placed on the outcome of an entire league or competition rather than on an individual game. Outright bets are usually placed before the season starts but are also available even during the course of the competition. These kinds of bets are characterized by much higher returns when compared to regular…

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Over-Under Betting

Over/under betting involves the punters betting on a number of goals, corners, yellow cards or other events in a match. They don’t need to guess the correct number of the aforementioned events, but rather whether the final number will be over or under the line set by the bookmaker. Over/under 2.5 goals is the most…

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Place

The term “place” is most commonly used in horse and greyhound racing and refers to a horse or greyhound “placing” in the top 3.

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Point Spread

A point spread can be considered a handicap of sorts and refers to providing a team with a point spread. For instance instead of just betting on a team to win, the favorite might have to win by a set number of points (point spread). This makes betting more fair when particular underdogs are playing…

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Quinella Bet

A quinella is commonly used in horseracing and is similar to an exacta or perfecta, in that the punter must select the winning two horses. The difference is that the winning two horses can be in any order.

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Scorecast Betting

Scorecast bet basically consists of two separate bets, meaning that it can be seen as an accumulator. You need to correctly predict the player to score the first goal in a match as well as the correct result of the same match in order to win a scorecast bet. Scorecast betting is extremely attractive to…

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Single Bet

Single bet is a bet placed on just one selection or market, allowing you to earn some profit by guessing just one match correctly. When placing single bets, your return will not depend on the outcome of several matches, so you can cash in as soon as you have guessed one selection correctly. Because they…

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Spread Betting

Spread betting, otherwise known as index betting, is a type of unfixed bet that allows gamblers to predict the outcome of a game or match, and then “back” their decision against the spread by the bookmaker. This “spread” refers to a scoring range; if you believe the range is too high or too low you…

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Starting Price

The starting price is commonly used in horse and greyhound racing, and refers to the odds, or starting price, of the horse or greyhound at the start of the race.

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System Bets

System bet is in many ways similar to accumulator bet as it is placed on a number of selections, but with the big difference being that not all selections need to be guessed correctly to qualify for a return. System bets can be played with bankers, in which case all selections marked as bankers need…

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Teaser Bets

Teaser bets are in some ways similar to parlays considering that all selections need to win in order to qualify for returns, while it is the bookies that determine which matches will be combined to create a teaser bet. The bookmaker also specified how many points you will get to create a teaser. The main…

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Tote Betting

“The Tote” is a British bookmaker and is the only horseracing bookmaker that is allowed to offer parimutuel betting. Parimutuel betting is a system in which all bets of a particular type are put together in a pool. The “juice” or “vigorish” is removed and the payoff odds are calculated by a pool shared among…

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Tricast Bet (or Trifecta)

A tricast is commonly used in horse and greyhound racing and refers to a punter selecting three horses or greyhounds to win 1st, 2nd and 3rd place.

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Value Bets

Value bets are wagers that are supposed to give you the best chance of gaining profit. Rather than just backing the favourites, many punters try to find a match where they believe the bookmaker has made a mistake when quoting the odds and wagers on such matches are regarded as value bets. Checking whether a…

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Void Bet

Void bet can occur in a number of situations and when your bet is void that means that your stake will be returned, that is you won’t win any money but you won’t lose it either. Void bet is common in Asian handicap bets, but it can also happen when you are backing a player…

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Understanding Sports Betting Terminlogy

Why knowing the terms is important.

There was a time when the majority of online bookmakers only offered win/draw/win and goals markets, but that time looks like an ancient history now that world's biggest sportsbooks offer more than 100 betting options per single game. More conventional punters are not prepared to take any risks and they usually stick to already well known markets, but there is now a huge number of bettors who are eager to try out the new betting options and see if these can be used to make steady profit.

With new betting terms coming out of the online betting cuisine almost every day, even the most experienced punters have problems understanding the latest terminology, so you can only imagine how a player new to the online betting world feels when he first comes across such words as outright bet, system bets or forecast. Understanding the current situation in the online betting market, our betting experts have given their best to find all the football betting terms that could create some confusion among the football punters to create a unique betting glossary football.

Purpose of Our Betting Glossary

Our soccer betting glossary features full explanations of less familiar betting terms, outlining its key features, pros and cons, as well as letting you know in what capacity that particular betting market is commonly used. While often mentioning terms that you will find in our betting glossary, online bookmakers rarely provide explanations for the terms, leaving the players to scour the web looking for exact definitions.

Instead of spending your precious time searching for the meaning of certain betting terms, you can simply visit our comprehensive soccer betting glossary and find out everything there is to know about the new market or type of betting you have encountered on. The glossary will be regularly updated, as we will make sure to add all the latest betting terminology so that you are always up to date with the latest developments from the online gambling industry.

The main idea behind this glossary is to provide you with simple explanations for less familiar terms you are likely to come across on numerous occasions during your betting campaign, and offer you typical examples designed to help you understand how each and every betting market is calculated and when you can expect the returns.



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