Football Betting Glossary

Sports betting has expanded in recent years with more markets for players to cover. However, with more choice comes a real headache with so many different ways to win money. Here we have assorted a sports betting glossary to make heads and tails of it all.

Accumulator

An accumulator is a bet that sees multiple wagers into one whole bet. Each wager has to win in order to win the accumulator.

Ante Post

Ante post is betting odds being offered before a horse race, usually 24 hours prior. This is very common and happens before all races begin.

Arbitrage Betting

Arbitrage betting is when players bet on every outcome over multiple bookmakers to ensure they turn a profit regardless of outcome. With bookmakers having unique odds to others, Arbitrage betting is a profitable venture.

Asian Handicap

Asian handicap is spread betting in football, removing the possibility of a draw result.

Banker Bets

Banker Bets is a term that describes said bet being place on a big favourite. A selection that should win.

Betting Exchange

Betting Exchange sees players betting against fellow players, rather than a bookmakers.

Betting Markets

Betting Markets is the multiple avenues of betting on a game – most yellow cards, amount of corners, first goalscorer etc.

Double Betting

Double bet is an accumulator that consists of two selections that both need to be correctly guessed.

Double Chance Betting

Double chance covers two of the three match outcomes – home win/draw, home win/away win, draw/away win, home win/away win.

Draw No Bet

The Draw no bet sees the stake refunded if the game ties. A player will win his bet if their team come out on top.

Each Way Bet

Each Way Bet is two separate bets on the same stake; a win and a place bet. Commonly used in horseracing when the punter bets on the horse to win or finish second, third, fourth etc.

European Handicap

European Handicap sees one of the two teams given an advantage before the match due to their underdog tag.

Evens Bet

Evens (even odds) bet is a bet placed at odds of 2.00 (1/1) and doubles your stake if guessed correctly.

Exacta

An exacta, or perfecta, is where a player must correctly pick order of those finishing in first and second place etc.

Fixed Odds Betting

Fixed odds betting sees a bet placed on pre-determined odds, ignoring how odds could fluctuate afterwards.

Forecast

Forecast, used in horseracing, means a player’s selections must finish first and second in said race.

In-Play Betting

In-play betting is live match betting where a player can bet on the outcome or elements in the game while the match is still going.

Martingale

The Martingale system sees the stake doubled by a player each time they lose, so when the bet comes in they will have made a profit.

Money Back Bets

Promotional offers promise to refund a stake (often as a free bet) on an event should a specific outcome happen.

Outright Bet

Outright bet is a bet placed on the outcome of an entire league or competition rather than an individual game.

Over-Under Betting

Over/under betting sees a player betting on a number of event in a match. It doesn’t need to be the correct number, but needs to qualify for over/under the number agreed upon.

Place

Commonly used in racing and refers to betting on who will finish in the top-three.

Quinella Bet

A bet in which the first two places in a race must be predicted, but not in the correct order.

Scorecast Betting

Scorecast bet is two separate bets, player to score the first goal in the game, and the outcome of the match.

Single Bet

A bet placed on just one selection or market.

Starting Price

Often used in racing, the starting price refers to the odds of the racers at the start of the event.

Value Bets

Value bets sees players picking a selection for profit gain rather than backing a favourite for lesser odds.

Void Bet

A void bet sees your stake being returned. It can happen through postponement of a game or race, or the player in question succumbing to injury.