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A Guide to Common Soccer Betting Terms
Sometimes called a parlay. A bet where winnings from one bet are placed on the next bet. The winnings accumulate, giving a large theoretical reward. Actually, it is not very profitable as it only takes one to lose and all your bets are lost.
A combination of bets that theoretically guarantees a risk free profit. These sometimes happen when one bookmaker offers a price that doesn’t match the rest of the market. The odds don’t last long as the bookie will adjust their prices accordingly.
A type of bet where one team is given a handicap makes the odds of hitting the handicap about evens and the odds of not hitting the handicap about evens. It is popular in Asia.
The most likely bet to win. Odds are usually less than 1.5 for these types of bets.
A place where people bet against each other. The exchange takes a commission for each successful sale.
The extra round that the bookie builds in the problems. For example a football match is booked at 110% which means if you bet on all results you will lose 10%. It is very similar to the fee defined as 100/book value. To find book value simply use this formula, Book value = 1/outcome1_odds + 1/outcome2_odds + …
A bet taker.
The odds are expressed as a decimal, with the stake included in the total value. For example the decimal odds of 3 are equal to the fractional odds of 2/1, as the stake is included in the former but not in the latter.
An accumulator with 2 bets.
Bets offered on 3 markets where you bet on 2 outcomes. For example you can bet on the house win or draw. Odds are usually very bad but it is possible that you will win the bet.
Betting where the draw returns your stake. This is exactly the same as the +0 Asian Handicap.
A type of bet where you can still win if your selection comes in 2/3/4 depending on the market. Bets are divided into 2, half placed on straight wins and half, say the next 4. This is popular in horse racing but is used in football, in other markets, e.g. Who entered the original article.
Not to be confused with Asian Handicaps. This is when a team is given a start to score but bets cannot be drawn. Three rates are quoted, one for the disability giving group, one for the disability group and one for the disability deduction. For example, if a team is given a +1 European handicap and the match loses by one goal, the bet is still lost, unlike Asian Handicaps where the stakes are returned. +1 handicap equals +0.5 Asian Handicap, -1 handicap equals -1.5 Asian Handicap.
A bet where the odds are 1/1 fractional or 2 decimal. You basically double your money if you bet on this and it wins.
This is where you know what you stand to win or lose during a bet. Your winnings and responsibilities are ‘fixed’. Compare spread betting.
Probabilities of fractions.
These are popular ways of expressing negative things in Britain. The stake is not included in the return. For example, 2/1 is equal to 3 decimal places, as it only shows the winning position of the bet.
Goal line, under/overs, total goals.
All similar markets focus on the overall goals of the game. Under/over usually means 2 goals or less, in unders and 3 goals or more in overs. The score line is the same as the under/over but the bet can be drawn. For example, if the score line is 3, a match with 2 goals in excess will win the unders, a match with 4 or more will win the overs while a match with exactly 3 goals will void the bet. Sometimes goal lines have quarters on them, eg. 2.25, here are 2 straight points in the match, the unders bet will win half, while the overs will lose half. Total goals are usually reported in the 3, 0-1, 2-3 and 4+ brackets.
Part time / full time, sometimes called a double effect.
This is where you bet on the results at half time and full time.
Hit the Bet.
That’s what a bookie does when they accept a bet. It is possible to bet yourself on a betting exchange.
The odds are against.
Bets where the odds are greater than evens.
Bets where the odds are lower than evens.
This is a bet where you guess the original score and the correct score. Odds are good but getting these right is very difficult.
A very popular form of betting where the returns are not fixed. There is a difference between what the books say is spread and what you think will happen. For example during the first goal market, the bookie can give a quote of 26-29 minutes. You can go under (buy) or over (sell) this spread. If you bet under and the goal is scored in the 6th minute you win 20 (26-6) your times. However if it ends up scoring in the 80th minute you will end up losing a lot of money.
A three-way bet or 1X2.
Betting on home win/ draw/ or away win. 1X2 because in betting shops, you mark 1 for a home win, X for a draw and 2 for an away win.
An empty bet.
In terms of Asian Handicap this is where bets are drawn. Absent bets can also happen in other markets, for example in the first goals market if your player is not on the field when the first goal is scored the bet is void. Games may be suspended or abandoned.
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