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The Betting Glossary

Welcome to Sport Tipster's betting glossary - a summarised version of the most commonly used terms when reading the previews we produce.

ACCUMULATOR: This is the most commonly used term of them all. This will also be referred to as a "parlay" or "acca". To summarise, this is a bet which accumulates across a series of outcomes, the stake and winnings rolling over to be placed on the next bet in the sequence. Each outcome must be a winning bet for the accumulator to continue, if just one loses, then they all lose.

AGS – Anytime Goalscorer

BANKER: A selection that is fancied very, very strongly indeed. It will often be the cornerstone of combination bets.

BTTS – Both teams to score

BTTS and Win / BTTS and MR / BTTS & Win – Both teams to score and Match Result. This will be used a lot throughout the previews.

DOUBLE: A form of accumulator, the "double" is a bet on two separate outcomes with only one stake. The stake and winnings from the first bet rolls over to the second and both must win for the punter to collect any winnings.

DOUBLE CHANCE: A bet that allows you to stake on two of the three possible results in an event with just one bet. For example, Home Win or Draw, Home Win or Away Win, Away Win or Draw. Obviously the odds will be significantly reduced.

DRAW/NO DRAW: A bet on whether or not the particular game will end in a draw.

DRAW NO BET: This bet is commonly used when betting on sports team matches, and means that punters will get their stake back if the game is a draw. This is particularly popular with soccer/football match bets. For example, if Liverpool and Newcastle are playing a match and the score is 1 – 1, punters who chose “draw no bet” get their money back. If the score s 1-2 and they didn’t predict this score or choose the correct winner, they lose their stake.

EVEN MONEY OR EVENS: A straight 1/1 bet. Bet £10 and you win £10 (plus your original stake money back). For example, you bet £10 on Liverpool to beat Arsenal at 1/1 or evens and they win you will receive £20 back (£10 being your original stake).

EACH WAY BET: In contests with large fields, even the shorter-priced favourites may have quite high odds. To increase the chances of a punter winning something from this 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. The place part is calculated at a fraction of the win odds. This fraction will vary by sport and event, and will always be displayed where each way betting is available. In a football tournament the each way part is usually settled at half odds for 1st and 2nd place only. Consider a £10 each way bet on Brazil to win the World Cup at 10/1. If Brazil win, a £150 profit would be made; £100 for the win at 10/1 and £50 for finishing in the top 2 at 5/1. If Brazil lost in the final, the profit would only be £40; £50 from the place part minus the £10 stake lost on the win.

EXACT SCORE: You predict the exact result or score of the game.

FIRST GOALSCORER or FGS: A bet placed on a player to score the first goal in the event.

HALF-TIME/FULL-TIME: A bet on the results of the game at both half-time and full-time. Both selections must be correct for your bet to win. For example, Liverpool HT/FT will be Liverpool to be winning at Half-time and to be winning at the end of 90 minutes.

HANDICAP:  A system used by bookmakers to make a one sided event become a more attractive betting proposition to the punter. 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.

HEINZ: A multiple bet consisting of 57 bets permutated from 6 different selection. A heinz contains 15 doubles, 20 trebles, 15 4-folds, 6 5-folds and one 6-fold bet.

LIVE BETS: Bets in real time. This means that you can bet during the sporting event of your choice! For a truly interactive experience, dynamic odds give you the opportunity to react on-the-spot to whatever is happening on the field.

MATCH BETTING:  The most popular and common fixed odds betting market is 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. Football fixed odds match betting is sometimes known as 1X2 betting. On fixed odd coupons, a "1" denotes the home team, with the away team represented by a "2" and the draw by an X.

NAP: A tipster's best bet of the day.

ODDS-AGAINST: The opposite of odds-on, this denotes odds better than evens for example 5/1 or 10/1 etc.

ODDS-ON: Odds-on bet is a bet below evens, for example 1/2 is an odds-on bet - your winnings are less than your initial stake (plus you get your stake money back of course!).

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. Some bookmakers like to introduce an extra outcome to the book. 3 outcomes might include: fewer than 2 goals; exactly 2 goals; and more than 2 goals. Other bookmakers introduce even more, although this is with a view to increasing their profit margin on the book. Sport Tipster will often look at TOTAL TEAM GOALS.

PRICE: Betting or gambling odds.

PUNTER: The individual who puts on a bet.

SCORECAST: 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.

SINGLES:  The simplest of all bets is the single. 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. With a simple win/lose single, a selection must be successful to achieve a return. A typical single match bet might be Newcastle to beat Aston Villa at 2/1. If Newcastle win, a £10 stake would realise a profit of £20; if they draw or lose, the stake is lost. Singles odds are today generally available for almost any football game.

STARTING PRICE: The starting price or "SP" is commonly used in many sports, and refers to the odds, or starting price, of the player at the start of the tournament. For example, Ante post, the odds of a golfer winning a tournament might have been 20/1, but shortened to 12/1 just before the events starts. Many punters compare ante post and the starting price to see if perhaps insider information has led to increased interest.

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.

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.

VALUE BET: Simply put, if you believe the odds taken are better than the mathematical chance which the team involved has of pulling off the outcome, then you have a value bet. This means, that if a tennis player has an actual mathematical 50% chance of winning a match, and the odds on that player are above Evens, then bet value is better than the mathematical odds, so that is a value be

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.

WINCAST: These bets are commonly used in football betting, but that can also be applied to other sports where there are goal scorers and winning teams.​