Betting Glossary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Accumulator

An Accumulator, sometimes better known as an acca for short, is a bet where all selections in the bet need to win for it to be settled as a winner. The odds of each selection are multiplied by each other to give you your overall accumulator odds. Each of the selections must be mutually exclusive of each other and you can’t combine selections which would affect others in the accumulator.

Ante Post

Ante-post bets are ones placed before the post, ultimately meaning before the full details of the event are known. For example, a horse race months in the future or the top goal-scorer before the season starts in the Premier League.

Arbitrage

A risk-free way of profiting by using differences in odds across bookmakers to profit whatever the outcome. For example, in the FA Cup Final, if a bookmaker had Liverpool priced up at 21/20 to lift the cup and another had their opponents Chelsea priced up at 21/20 to lift it, backing both you’ll guarantee a profit either way.

Asian Handicaps

Asian Handicaps are becoming more and more popular in the betting community as they give the punter the ability to eliminate the draw. They come in increments of 0.5 goals, with one team being +0.5 and the other -0.5, thus eliminating the draw from the betting market. This means that the team priced at -0.5, needs to win for the bet to be settled as a winner, with the team at +0.5 needing to draw or win.

Banker

A bet that you really like the look of; a nailed on winner in your eyes, which you’ll be backing yourself confidently.

Betting Exchange

A betting exchange is a platform were punters are able to back or lay a certain selection, with the punter betting against other bettors. The bookmaker will take a small commission of the profit, but due to this, the odds are higher than normal price.

Double

The simplest form of an accumulator, with just two selections multiplying to give you the combined odds. For example, Arsenal & Liverpool to both win their matches.

Drift

It’s a term used when the odds are rising, for example, if some team information was leaked for a certain team saying their star striker wasn’t playing, the odds would reflect that by moving from 2/1 to 5/2 for example.

Each Way

Each Way betting is a way of backing both the win and the place. With it being two completely separate bets, for example a £10 stake would be split £5 on the win and £5 on the place market. The odds of the place market would be outlined prior to placing the bet and would usually be ¼ or 1/5 of the original odds.

Different bookmakers will have different terms and conditions when deciding how many places to pay out to depending on number of entries etc.

Evens

One of the most common terms you’ll see in betting, it basically means 1/1, so whatever you stake you’ll get the same amount back as profit if the bet wins.

Favourite

Simply put, the favourite is the selection which is the shortest odds in an event. Thus, making them the bookies choice for most likely to win.

Forecast

Placing a bet on the top 2 places in a specific event (Horse Race, Premier League Table).

Free Bet

A free bet is a promotion or reward giving to a customer to reward loyalty or as a welcome bonus. You’ll get a £10 free bet for joining a bookie, the bookie will then keep the stake and the returns will only be the profit from the bet. A lot of these may have wagering requirements before the funds can be withdrawn.

Goliath Bet

This bet is a huge bet comprising of 28 doubles, 56 trebles, 70 four-folds, 56 five-folds, 28 six-folds, eight seven-folds and one eight-fold. You’d be needing two winners to get a return and maybe 4 or 5 to return a profit.

Handicap

The term Handicap has two meanings in the world of betting, the first being the handicap which negatively impacts the horse based upon their weight in a race. It is also a bet used widely across sportsbook, ultimately meaning the team with the handicap would be either positively or negatively impacted on the scoreline prior to the match.

Lucky 15/31/63

Just like the above-mentioned Goliath, these three bets all cover up to four folds, five folds and six folds. In the example of a Lucky 15 that would include four singles, six doubles, four trebles and one four-fold acca.

Match bet

A bet that focuses on the performance of two variables against each other within an event (e.g. which of two horses will finish first).

Nap

Very similar to the above-mentioned Banker, this is your bet of the day and seen as your most confident pick for the day

Odds Against

Any bet where the odds are above evens are classed as odds against. Ultimately meaning that a bookie gives them less than 50% chance of winning the match.

Odds On

The opposite of Odds Against where the odds are lower than evens, thus meaning that the bookies give them more than 50% chance of winning.

Outsider

An outsider is a selection which would be seen as being outside the favourites, usually at much higher odds and unfancied by many.

Parlay

The American term for an Accumulator.

Parlay

As described in the Lucky 15 explanation, a patent sits just below and consists of seven bets, with 1 treble, 3 double and 3 singles.

Place

A place bet is where you’d be betting on the result of an event, for example betting the top five places in the Grand National. You take a lower price on the odds but also have the cover of the top five places for your bet to be settled as a winner.

Single

A simple bet, just one selection in an event. Arsenal to beat Watford for example. Our MyBetBuddy Bet Of The Day is always a simple single bet.

Treble

A treble is a basic acca involving three selections, all of which must win for your bet to return anything

Tricast

As similar to a forecast, but with the added place, you’ll get much higher odds. You ultimately have to predict the first three places in the correct order for it to be a winner.

Trixie

A multiple bet in which there are four bets, excluding the singles. Three doubles and a treble making up the four, you’ll need two selections to win to get a return

Underdog

Just like the outsider, this is an entrant that the bookies don’t think will get close to winning, they are usually high odds and if you fancy balancing the odds, you can take a positive handicap, for example in rugby, you’d get a 20 point advantage on an underdog playing a top team.

Win

Win is the most-simple market to bet on with it being just a simple three choice market (1, X, 2 – meaning home team, draw or away win).

Competitions