Betting Vocabulary with most popular terms

A

Account – an arrangement by which a body (bookmaker in our case) holds funds on behalf of a client (player) or supplies goods or services to them
Action – having a wager on a game
Arb – is a situation when the bettor can make a profit regardless of the outcome by placing one bet per each outcome with different betting companies
Arber – a person who is making bets on arbs
Asian handicap – combines two bets of decimal and fractional handicap. The value is split between them.

B

Bad beat – losing a bet you should have won or, in other words, a bet has not succeeded
Bet – a sum of money gambled
Betting exchange – a platform created for customers to wager on the outcome of the event
Bettor – a person who bets, especially on a regular basis
Bet slip – a set of selected events (basket)
Bookie – short for sportsbook or bookmaker that takes bets and charges vig

C

D

Deposit – a sum of money you fill your bookmaker account with 
Dime – slang for a $1,000 bet. If you bet "three dimes" that means a $3,000 wager
Dog – outsider team in the game
Double chance – an outcome type having 1X, 2X or 12 lines
1X – Team1 wins or draws
2X – Team2 wins or draws
12 – Team1 or Team2 wins
Draw – even score at the game conclusion 

E

Even – equally balanced score
Event – a planned and organized occasion / match

F

Favorite – a player or a team that considers being a favorite of the game or event (dog)
Forecast – prediction
Fulltime - a match, full time of the game

G

Goal – a process of kicking a ball into the gates, or the point that is scored by doing this

H

Halftime – half of the game
Handicap – an advantage given to someone who is not a good player in order to make the players more equal. As you improve, your handicap gets lower
Hat-trick – a three-goal bet
Home – home team win

I

In-play wagering – a service where bettors can place multiple bets in real time

J

Juice – commission the bookie takes. Standard is 10%, also called a vig

L

Live - real time events 
Lock – a guaranteed win of a player who made a bet
Loss - the disadvantage you suffer when you fail in a bet

M

Margin – net earnings of the bookmaker disregarding punter's win or loss
Middle – a bet on two outcomes where both can be winning sides with minimal risk
Moneyline – observation of 1- and 2-outcome lines formation

O

Odds – price, chance
Odds against – profit is higher than bet
Odds on – profit lover than bet
Open bet – the bet which is not settled yet
Outcome – result of the event
Outsider – not favorite

P

Parlay – a wager in which multiple teams participate. The more teams you bet, the higher the odds.
Payment / payoff – the action or process of paying (bookie or any other service)
Pending bet – the bet which is not settled yet
Prediction – forecast
Profit – advantage; benefit; a financial gain, especially the difference between amount earned and amount spent
Punter – player; gambler
Push – a return

R

Result - a favorable outcome of an undertaking or contest

S

Score – event result
Settled bet – the bet which is already reckoned
Sportsbook – bookmaker
Stake – a sum of money you bet

T

Tie – a draw
Tips – hints offered by experts
Total – the whole number or amount; outcome; points; eventual score
Total over (TO)/ under (TU) – used to describe the total combined points of a team in a game 

U

Underdog – not favorite

V

Value betting – betting high odds
Vig (vigorish) – commission charged by a bookie

W

Wager – a bet
Win – manage to succeed
Withdrawal – an act of taking money out of an account

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Artur Polianskyi

For today Artur has 12 years of betting experience, and he kindly shares his knowledge with the readers of our blog. In his articles, you will find many useful tips for different strategies and learn more about all types of bets.

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