For example, a “backed” horse is one on which the bet has been placed.īanker – A bet which is believed to be a heavy favourite to win. Bīack – Also known as to bet or wager, this term simply means you are betting on a specific outcome to come true. Teams are thus handicapped based on their perceived abilities. This type of betting aims to level the playing field in games with mismatched teams. The key difference between this and the standard over and under markets is that half and quarter goal markets are also available.Įxample: With an over 2.5 market, 2 or fewer goals would see you lose, 3 or more would see you win.Īsian Handicap – A type of handicap betting popular in Asia. With this market you have the possibility to get your stake back depending the number of corners.Īsian Goal Line – A type of betting that predicts the number of goals scored in a football match. It is generally available at least a day before the event.Īsian Corners – A popular type of Asian market, similar to Asian handicap and Asian goal line. It had an implied probability of 16.7%.Īnte-Post – Bets placed before the market on horse and greyhound racing has opened.

So, at +500, you would get $500 if you were to bet $100. The plus sign is how much you would win for every $100 staked. This has an implied probability of 83.3%. So, if you had a -500 odds, you would need to bet $500 to win $100. The odds for the favourite are indicated by a minus sign, while the odds for the underdogs are indicated by a plus sign.Įxample: The minus sign is how much you would need to bet to win $100.

Bear in mind that it comes with significant risks.Īmerican Odds – A type of odds favoured by American bookmakers and often seen on American sports. The total number of bets is 26.Īrbitrage – When you back all possible outcomes on an event, backing odds from different bookmakers to mathematically guarantee a profit. Those six selections consist of two Patent bets, one Yankee bet and 1 sixfold accumulator. This sees your stake returned if your bet loses by a single selection.Īlphabet – A type of system bet which consists of six selections. All selections must win for the bet to be successful.Īcca Insurance – This type of promotion is only available for accumulator bets. Accumulator – Accumulator betting is a single bet made up of multiple selections.

Sports betting terms for dummies