skip to Main Content

Betting Dictionary

Both the bookmakers and punters use many words that can be unfamiliar and quite difficult to understand. That is why, we have prepared this dictionary of betting terminology to help both new and experienced punters in mastering betting terms and definitions that are essential in a long-term betting success.

  • Action

    Any kind of bet that is considered a valid one.
  • Across the Board (US)

    American horse-racing betting term for the same stakes multiple bet that includes three separate bets for every possible result (win, place, show) of the event for one horse. The term can be also applied to the greyhound racing terminology.

  • All-In Betting

    Betting all-in means to place all your money on a single bet. A practice that is not advised for any punter, is often an act of desperation and a way to recoup for previous losses.

  • Also Ran

    A competitor that took part in a race but did not finish it in the first three places. The word is mainly used in horse and greyhound racing and sometimes in running.

  • Any To Come

    Also known as a conditional bet, Any To Come (ATC) is a type of bet in which a sequence of events needs to be successfully predicted in order to win the entire bet. If you correctly predict the result of the first event, the winnings from it are used as a stake in the second bet, and so on. If you lose one of the bets that is included in ATC, you lose the entire bet.
  • Banker

    Is a very certain result of an event. Banker event will have very low odds because the bookmaker is aware of the chances of both sides as well as because of many bets placed on this event. Nevertheless, the banker can successfully be used in an Accumulator or Permutation betting.
  • Bet

    Gambling activity in which you put money on one of the possible outcomes of a particular event. If you predict the result of the event correctly you win the bet and in consequence, the money.
  • Beeswax (UK)

    Also known as ajax, is a British slang word for the tax on the bookmaker’s turnover.
  • Beard (US)

    American bettors term for a person that places bets for other people. A beard is used when a punter wants to conceal his identity from the bookmaker, for example because of the bookmaker limits, country restrictions or not being an adult.
  • Canadian

    Also known as the Super Yankee bet, the Canadian is a full cover permutation that includes an overall of 26 bets on five different events (10 doubles, 10 trebles, 5 four-folds, 1 five-fold). To win this bet, at least 2 of your selections must be successfully predicted.
  • Cash out

    Live-betting option in which the punter can settle his bet before the event has finished.
  • Century (UK)

    British term for a £100.
  • Chalk (US)

    The favourite of the event.
  • Dead Heat

    Is when two contestants both finish the race at the same time. Outside racing, the dead heat is a situation where two sides of an event are competing evenly and it is impossible to choose the winner. It can be used in describing situations connected with the world of sports, politics as well as business.
  • Dime (US)

    American betting jargon word for a bet with the stake of a $1000.
  • Dog (US)

    Is the abbreviation for the word ‘underdog’. It is a side in the event that is expected to lose or at least do not win an event.
  • Dog player (US)

    Is a kind of punter that place his bets on the underdogs of the event. This means that against popular opinion, he mostly bets on sides that are considered weaker and expected to lose.
  • Exotic (US)

    Years of experience in online sports betting as well as dozens of checked online bookmakers gave us the knowledge that we want to share with you. Below, we present a list of the best online bookmakers, that guarantee safe and reliable betting services.
  • Evens

    Are the 1/1 (2.0) odds. If you bet on the event with an Evens odds it means you can win the exact amount of money as your stake was.
  • eSports

    Is a form of competition featuring video games, mostly played in a tournament format. The most popular genres of video games played as eSports are: real-time strategy (Starcraft II), fighting games (Street Fighter V), first person shooter (CS: internationalGO) and multiplayer online battle arena (League of Legends). Tournaments such as the League of Legends World ChampionInternationalprovide live broadcasts of the competition, and prize money as well as salaries to competitors. eSporting events are played both online and offline, but it is the early 2010’s growth of online gaming industry, that accounted for sudden surge in popularity of such events. Popularity allowed eSports to become involved in bookmaker’s tables all around the world. As of today the most notable bookmakers provide eSports as an object of betting.
  • Edge

    Advantage of either the punter over the bookmaker or the bookmaker over the punter. You can get the edge over the bookmaker by using various strategies and methods about which we write in this section of our betting guides.
  • Favourite

    A favourite is one of the sides in an event that is considered to have better chances at winning it. The odds for the favourite are usually quite low.
  • Fold

    Is a word that describes the number of selected events in an accumulator, for example, 7-fold means there are 7 selections in the combo bet.
  • Form

    Is the status of a team, player or any type of a competitor based on his/its recent performances. The form is often used as one of the factors of betting analysis of the event. Furthermore, the bookmakers are taking the form of the competitors into consideration while offering bets and odds for the event. A punter who bets solely based on his knowledge of the form of the teams or players that he want to bet on is called a Form Player
  • Form Player

    Is a punter that bets on sports based mainly on the past statistics of the teams or players involved in the event.
  • Grand Slam

    Series of tournaments in tennis, also known as the majors, that are considered to be most important and prestigious tennis events in the world. The Grand Slam consists of: Australian Open, U.S Open, French Open and Wimbledon. The term can be applied both as the name of all four tournaments as well as the name for a feat of winning all of them in a single calendar year. The Grand Slam is considered one of the most watched and esteemed chain of sporting events in the world.
  • Grand (UK)

    British slang word for a £1000 or a bet placed with such stake.
  • GamCare

    The national organisation for gambling problem in the UK. If you want to know more visit the official website of GamCare.
  • Goliath

    Full cover permutation bet that includes an overall of 247 bets on eight different selections (28 doubles, 56 trebles, 70 four-folds, 56 five-folds, 28 six-folds, 8 seven-folds, 1 eight-fold). As in other full cover bets, you need to have at least 2 successful selections to get any return. Goliath is one of the biggest bets.
  • Handicap

    Form of spread betting in which the bookmaker gives a disadvantage to the favourite or an advantage to the theoretically weaker team. This can be done in various ways such as adding or removing goals or points to the final score. As it was already mentioned, the teams or players are handicapped according to their recent form, overall reputation and various other factors such as injuries and suspensions. There are two main types of handicaps: Asian handicaps and European handicaps. Handicaps are used in various disciplines of sport, from football, basketball and volleyball to American sports such as baseball or hockey. Read this guide to handicaps if you want to know more. Form of spread betting in which the bookmaker gives a disadvantage to the favourite or an advantage to the theoretically weaker team. This can be done in various ways such as adding or removing goals or points to the final score. As it was already mentioned, the teams or players are handicapped according to their recent form, overall reputation and various other factors such as injuries and suspensions. There are two main types of handicaps: Asian handicaps and European handicaps. Handicaps are used in various disciplines of sport, from football, basketball and volleyball to American sports such as baseball or hockey. Read this guide to handicaps if you want to know more.
  • Half time result

    Mostly football type of bet where you need to forecast the exact scores at the half time of an event. Half time result is the most popular kind of half time bet.
  • Half time bet

    Also known as first-half bet is a type of wager in which in order to win, you need to successfully predict the events that will happen in the first part of the match. It can be the number of goals, penalty cards or corners like in association football or the number of points and rebounds in basketball, or even number of touchdowns and tackles in American football.
  • Heinz

    Full cover permutation bet that consists of 57 bets on six different selections (15 doubles, 20 trebles, 15 four-folds, 6 five-folds, 1 six-fold). You have to get at least 2 successful selections to get a return.
  • Implied probability

    Is a conversion of the odds for a particular event into a percentage stating the probability of the event to happen. Read more about implied probability and the betting odds.

  • Juice (US)

    American slang term for the amount of money you pay to the bookmaker for making a bet.
  • Joint-Favourites

    Are two or more participants of an event that are all considered to be favourites to win it. In this case, it is impossible to pick one winning side, thus all joint-favourites have the same odds offered for them.
  • Jolly (UK)

    Slang term for a favourite of the event.
  • Kite (UK)

    British punters term for cheque.
  • Lucky 63

    Full cover permutation bet made of 63 bets on six selections (6 singles, 15 doubles, 20 trebles, 15 four-folds, 6 five-folds, 1 six-fold). At least one correct prediction means you get a return.
  • Lucky 31

    Full cover permutation bet including an overall of 31 bets on five selections in different events (5 singles, 10 doubles, 10 trebles, 5 four-folds, 1 five-fold). One successful selection means a return.
  • Lucky 15

    Full cover permutation bet consisting of 15 bets on four different events (4 singles, 6 doubles, 4 trebles and 1 four-fold). To win any money, you need to have at least one successful selection.
  • Long Odds

    High odds offered for a result that is highly unlikely to happen, for example 150/1.
  • Monkey (UK)

    British jargon term for a £500.
  • MLB (U.S)

    Major League Baseball (MLB) is a baseball organisation and a league its oversees that is comprised of American teams associated in National League and American League.
  • Morning Line

    Morning Line
  • MMA

    Mixed Martial Arts, is a combat sport that is one of the most popular kind of fighting disciplines of sport in the world. As the name suggests it, in MMA, you can use all sorts of fighting styles from boxing, judo and karate to ju-jitsu and wrestling. The fighters usually fight in a cage and are regulated by a referee. MMA is known for being the quickest developing combat sport in the world with hundreds of millions of people watching and making bets on single fights.
  • NHL

    National Hockey League (NHL) – is the name of the American-Canadien organisation and the competition that it governs. The NHL is considered to be the most renowned hockey league in the world. The winner team of the NHL season is awarded with the famous Stanley Cup.
  • Nap

    The most successful bet of the day for a particular punter.
  • Nickel (US)

    US punters term for a bet in which you stake $500.
  • NCAA (US)

    National Collegiate Athletic Association – is an American sport association that oversees various sporting competitions and events for college and university athletes from the United States including basketball, football, baseball, hockey, volleyball or soccer. The most popular competition that is part of the NCAA is the Men’s Division I Basketball Tournament which is a youth development league for the NBA teams that each year draft several dozens of players from the NCAA into their rosters.
  • Outsider

    Also known as the underdog, the outsider is a competitor, either a team or a player that is considered to be a weaker side in an event and is deemed to lose it. The odds for the outsiders are often very high.
  • Olympics

    Also called the Olympic Games is an international competition that is considered the most prestigious and the biggest sporting event in the world. If you want to read more about the disciplines of sport that are part of the Olympics as well as betting on Olympic sports go to our Other sports section.
  • Overround

    Also known as juice and vigorish is the fee that the bookmaker gets from each bet. In most cases, the bookmaker margin is few percent from the overall sum of the bet.
  • Outright

    Type of fixed-odds bet in which you need to correctly predict the long-term results of sports events, for example, the winner of the competition or the top goalscorer/MVP of given competition. Read this article if you want to know more about outrights and other popular bets.
  • Pony (UK)

    British slang term for £25.
  • Parlay (US)

    American term for an Accumulator (combo) bet.
  • Pool

    In Pari-mutuel betting, a pool is where all the bets are gathered. The pool is the total sum of money placed on a particular event. After all bets are placed, the Totalisator chooses the winner of the bet.
  • Price

    The odds for the event.
  • Runner

    Is a participant of a race. It can be either a human, horse or a grehound that is involved in a racing competition. Another meaning for a Runner is of a team or a player that is considered one of the favourites to win the competition.
  • Super Heinz

    Full cover permutation that is made of 120 bets on seven different events (21 doubles, 35 trebles, 35 four-folds, 21 five-folds, 7 six-folds, 1 seven-fold). At least 2 selections must be successful to win the overall bet.
  • Stoppage time

    An additional period of time added to the regular time of the game in several sports. Upon the course of the game, the referee decides the duration of the stoppage time. The more injuries and breaks in the game there are, the more stoppage time is usually added. Also known as the injury time.
  • Sportsbook (US)

    American term for a bookmaker.
  • Superbowl (US)

    Is the final match as well as a trophy that is awarded to the winner of the NFL Championship. Apart from the World Cup final (association football) and UEFA Champions League final (association football), it is the most watched sporting event in the world. Each year more than 150 million Americans gather to watch the Superbowl and very often make bets on it. Apart from obvious bets for the winner of the game, there are many special bets such as the colour of the drink that will be poured on the winning coach or who will be the MVP of the final game.
  • Turf Accountant (UK)

    British jargon term for a bookmaker, especially classic version of a bookmaker that operates through betting shops located, for example, at racetracks.
  • Tout

    Also known as tipster, tout is a person that publishes for free or sells his betting picks.
  • Treble

    Is a bet on three different events. All 3 selections must be successful in order to win the double.
  • Trixie

    Full cover permutation bet consisting of 4 bets with three selections in different events (3 doubles, 1 treble). To win a Trixie bet, at least 2 selections must be successful.
  • Union Jack

    Is a type of a special multiple bet that consists of 8 trebles on 9 selections. If the bet is illustrated, it looks like the British flag, thus its name, the Union Jack.
  • UEFA

    The Union of European Football Associations is an international organisation that serves as an administrative body for association football in Europe and some countries in Asia. UEFA supervises both club and national teams and competitions.
  • Underdog

    Also called dog, is a player or a team that is thought to be a weaker in comparison with their opponent. The odds for the underdogs are usually quite low, which prompts many punters to bet on them. It must be said though, that good results happen rarely to the underdogs and usually are very hard to predict.
  • UEFA Europa League

    Association football competition for European clubs that takes place every year. The Europa League format and rules are very similar to that of the Champions League. It is considered to be less prestigious than Champions League due to the fact that the teams playing in this competition either did not qualify for the CL or come from countries with smaller UEFA coefficients. The competition was previously called The UEFA Cup. The team that wins the UEFA Europa League qualify for the UEFA Super Cup, which is a match between the winners of both UEFA’s top club competitions.
  • Void

    Is the return of the entire stake to the punter in the case of an invalid bet. For example, if we bet on asian handicap (-1) for particular team and they score only one goal, then we get a void of the money we placed on this bet. Often also called push.
  • Wise Guy (US)

    American term for a person that possesses substantial knowledge on sports and sports betting as well is very up-to-date with all statistics and news regarding bookmakers and sports betting. A wise guy is in most cases a very experienced punter that often bets on handicaps and accumulator bets and often place his money on value bets. Such person may publish or sell his predictions for certain events.
  • Wager

    Other name for ‘a gable’ or ‘a bet’. To wager a bet, means to place it at bookmaker’s website.
  • Winning Margin

    Is a type of bet in which the team we place our money on, have to win with their opponents with a given number of points/goals or the distance. The margins offered by the bookmakers vary depending on the discipline of sport and particular event. Here, the most important factors are the recent performances and overall quality of both sides. In this type of bet, the punter have to predict the margin that one team or player will beat the other one with. The odds for winning margin bets are mostly considerably high which prompts many punters to bet on them. From the other hand, predicting the correct margin of victory is much less probable and riskier than a regular straight bet.
  • World Series (US)

    Baseball championship of the MLB (Major League Baseball) that takes places every year. The champions of both national baseball leagues in United States (American League and National League) play seven games that decide who will be the baseball world champion. Despite its name, both the game and the title is solely American title as there are no other participating countries apart from the United States.
  • X

    In the majority of sports such as football or tennis, an ‘X’ sign indicates the result of the match as a draw.
  • Yankee

    A type of a multiple bet for 4 different events that is made of 11 separate wagers including: 6 doubles, 4 trebles and a single fourfold accumulator. In order to win a Yankee bet you have to win a minimum of two events. It should be noted that when placing money on a Yankee, one is actually putting his money on 11 separate bets.
  • Zoo

    Slang term used by punters to describe a combo bet (Accumulator) in which there are selections from multiple disciplines of sport and competitions. For example, if we place bet on football match and combine it with a horse race and a basketball game, it will be a real zoo.
Back To Top