Sports Betting Glossary
There are 152 entries in this glossary.All
| Term | Definition |
|---|---|
| Accumulator |
(Same as Parlay) A bet with two or more games made simultaneously. The winnings get pressed against the next game, all the games must be correct before you can win your accumulator bet. |
| Action |
Any type of wager or bet is called Action if it is valid. Depending on the sport, a bet/wager can be action or no action. |
| Ajax |
Betting Tax |
| All In |
No refunds are given if the game is scratched or withdrawn players or teams, only if the game is cancelled then the bet will be given back. |
| All Up |
(Same as Parlay) A bet with two or more games made simultaneously. The winnings get pressed against the next game, all the games must be correct before you can win your All Up bet. |
| Ante Post |
(Same as Futures) Wagers placed in the future predicting the outcome of a future game. Punters do this to get better odds. |
| Arbitrage |
When a change in odds is given which gives the punter the ability to back both sides, to give them a sure win. |
| Backed |
A team that has a lot of wagers placed on them. |
| Banker |
High probability to win |
| Bar Price |
The minimum odds for options not shown. E.g. Serie A outright lines could read AC Milan 7/2, Lazioo 5/1, 9/1 Bar (all other teams is at 9/1 or bigger) |
| Beard |
US) The use of another person to place your bet for you |
| Beef |
A disagreement between the punter and the bookie about the outcome of a wager |
| Beeswax |
Betting Tax (same as Ajax or Bees) |
| Best-price Percentage |
This figure at the bottom of our odds tables calculates the percentage in favour of the bookie. When firms disagree the percentage might drop below 100% and will be in the punters favour. |
| Betting Tax |
A tax on a bookmaker's turnover, this is applied to every pound wagered. To recoup this a punter can deduct tax from winnings or pay the tax with his stake/wager |