Glossary of sports betting terms
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Transcript of Glossary of sports betting terms
Glossary of Sports Betting Terms
WelcomeOnlineBettingNZ.co.nz
welcomes all new and avid punters who want to learn a little
more about the terms used in sports betting.
In this glossary you’ll find an A-Z of all the most commonly used
sportsbetting terms.
A: Accumulator: In this bet a punter wagers on the
outcome of several races at once. Winnings from each race are then used to bet on the following race.
Action: Any bet is deemed Action if its valid. Also ran: Any selection that does not finish 1st, 2nd, 3rd
or 4th. Any to Come: (ATC) When all or part of returns from a
bet are reinvested automatically on a subsequent wager. Arbitrage: A variation in odds allows a punter to back
both sides- guaranteeing a win.
B: Blind Bet: A bet made by a bookmaker to draw
attention away from bets on another horse, avoiding a shortening of odds.
Bookmaker: A person/company who takes bets. Also known as a bookie or when online, as a sports book. At OnlineBettingNZ.co.nz we recommend the best sport books for NZ punters.
Bottle: UK slang for Odds of 2:1 Buy Price: In Index or Spread betting the Buy price is
the higher figure quoted by the Index bookmaker.
C: Canadian: Multiple bet that consists of 26 separate
bets, also known as a Double Yankee. Canadian Line: Also known as a Puck Line, a Canadian
line combines a Moneyline and Point spread. Carpet: UK slang for Odds of 3:1 (also referred to as a
‘gimmel’ or ‘tres’)
Co-Favourites: When 3 or more competitors are the favourites.
Cover: Beating (covering) the spread by the required number of points to win the bet.
D: Dead Heat: A tie between 2 or more competitors that
sees full odds paid at half-stake. Double: A bet that can be placed at many of the
OnlineBettingNZ.co.nz recommended sports books, a Double consists of 2 selections which must both win in order to payout.
Doubling up: A betting system whereby after every loss a player doubles the size of their bet (based on the Martingale Betting System)
Drift: If the odds on a competitor lengthen they are said to drift or be on the drift.
E: Each-Way: A 2 way bet that firstly predicts a
selection to win and secondly to place. Evens: Odds of 1:1(also known as ‘levels’ or ‘scotch’) Exacta: Placing the bet at a OnlineBettingNZ.co.nz
sports book can result in a huge payout. A punter must choose a winner and 2nd place horse on one pools ticket.
Exotic Wager: A Parlay, Teaser and Round Robin are examples of exotic wagers- those bets which are not straight bets.
F: Favourite: A competitor most likely to be the winner. Usually
has the lowest odds due to its immense popularity. Fold: A fold indicates the number of selections in an
accumulator bet. Figure: The handicappers rating number that indicates
winning potential or the winning chance. Forecast: A bet that predicts the 1st and 2nd place for an
event. Form: Past results are studied to give an indication of
competitor’s performance. ‘Studying form’ is something avid punters are said to do when checking stats.
G: Goliath: A multiple bet that consists of 247 bets that
covers 8 sections in different events. A Goliath bet is so named due to its giant size.
Grand: Also known as a big one, this refers to any bet over NZ$1000. (Or a 1000 in any currency)
H: Handicap: A method used to make a very one-sided
event more appealing to punters. Teams are awarded points (also known as ‘line’ or ‘point spread’) based on their calibre, making the underdogs a more attractive betting proposition.
Hedging: Also known as a ‘lay off bet’ hedging bets are made by bookmakers that have accepted huge bets on a race to cut their losses if the horse proves to be a winner.
Heinz: A multiple bet that has 57 bets including 15 doubles, 20 trebles, 15 4 folds, 6 5 folds and 1 6 fold all involving 6 horses in varying races.
I: In the Money: Describes horses in a race
that have finished 1st, 2nd and 3rd, or the horses that placed and will see money paid out to punters for successful bets.
J: Joint-Favourites: When a bookmaker is unable to
separate two competitors due to them both being favourites. At OnlineBettingNZ.co.nz endorsed sports books, betting on joint-favourites can bring about a very lucrative win.
Jolly: Slang term for the favourite horse or competitor.
K: Kite: UK slang for a cheque.
L: Long Odds: Odds offered that are unlikely to win but if they do,
could pay off well.
Lines: Pointspreads, handicaps and odds available to punters.
Longshot: The outsider or the least favourite/ underdog against whom odds have been made available.
Lucky 15/31/63: Multiple bets that are placed on outcomes of
4, 5 or 6 different selections.
M: Martingale: A betting system that’s principle is based
on doubling up. At OnlineBettingNZ.co.nz we advise punters who have a bigger bankroll to try this method, whilst those on a budget to steer clear.
Morning Line: A forecast of the probable odds. Mutuel Pool: The total amount bet to show, place or win
in a race. This term can also refer to the total amount bet on a quinella, exacta, double daily and other exotic bets.
N: Nap: The selection of strongest selections
recommended on any day. Rumoured to be named after Napoleon.
No Action: A bet that has become invalid due to an event not taking place or a certain cut off time not yet being reached.
O: Odds: The bookmakers view on a competitor’s chance of winning.
At OnlineBettingNZ.co.nz we only promote sports books that offer great odds.
Odds Against: When odds are greater than evens. For example 5:2 Odds On: Where odds are shorter than evens, for example 4:7. If
the bet wins the amount won is lower than the stake amount, but you receive your stake back too.
Off the Top: When the sports book or bookmaker takes a percentage off the pool before paying out winning tickets.
Overbroke: When the bookmaker loses money in a bet. Overlay: A horse that has high odds in comparison to its chances of
success.
P: Pari-Mutuel: Also known as pool betting, all bets are
pooled and winners are paid out according to the size of the pool.
Picks: Selections chosen by an expert, also referred to as ‘tips’. At OnlineBettingNZ.co.nz we tell you where to find the top picks.
Place: A word used to describe a second place result. Pointspread: The head start given to an underdog or less
favourite competitor. Also refereed to as a handicap or line. Punter: The bettor or someone who has placed a bet.
Q: Quinella: A bet placed on which horses will
finish 1st and 2nd, regardless of the actual order.
R: Ringer: Taken from the term ‘a dead ringer’ a
ringer is a greyhound or horse that is entered under another’s name, often a good racer replacing a poorer one.
Roundabout: A bet that has 3 bets with 3 selections in 3 different events.
Round Robin: A bet that has 10 bets with 3 pairs of single stakes bets, 3 doubles and a single treble for 3.
S: Shortening Odds: When a bookmaker reduces odds due
to the number of bets taken. Single: A straight bet on 1 selection to win. Stake: The amount a punter bets. Spreads: A handicap. Spread Betting: A bet is calculated on a correct prediction
and returns or losses are in proportion to how close the bet outcome is. This can either lead to a big win or a big loss.
Sure thing: A bet that is almost 100% likely to be successful
T: Tips: Also known as Picks, tips are the experts opinion on
what bets are best. You can find plenty of tips at the sports books recommended by OnlineBettingNZ.co.nz.
Tipster: The pro that provides the picks or tips. Treble: A bet with 3 selections, all of which must be
successful in order to payout. Tricast: A bet where the 1st, 2nd and 3rd place must be
correctly predicted. Trifecta: Also known as a Triple, a Trifecta bet sees a
punter pick the first 3 finishers in the correct order.
U: Underdog: The team that’s given the head start
in a handicap as it’s considered to have a less likely chance of winning than the favourite.
Under: A bet on the combined score of two
teams, which has a total, that’s under a set value.
V: Value: Getting the very best odds on any wager.
Vigorish: US slang for the bookmaker’s commission on a bet.
W: Welsh: To welsh on a bet means to fail to settle a
gambling debt.
Win: A term that describes a first place finish in any race or event.
Winning Margin: A bet that will see the punter predict the winning margin of one team over another.
X: X: Indicates a draw on a soccer betting
coupon.
Y: Yankee: A multiple bet that has 11 bets
consisting of 6 doubles, 4 trebles and 1 fold over 4 different sections in 4 events.
Z: Zebras: A slang term for referees, based on their
stripy jerseys.
Now that you have a better understanding of sports betting
terminology, you can select one of the sports books recommended by
OnlineBettingNZ.co.nz and start punting!