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Online Betting
Glossary
What does it
all mean?
We haven't a
clue, luckily some people do - here's a helpful glossary:
A-C
/ D-F / G-L
/ M-R / S-Z
Accumulator
- Also known as a Parlay or multiple. A multiple bet where two or
more bets are chosen and all these selections must win for the accumulator
to payout.
Action - A bet/wager of any kind.
Ante Post - Also known as Futures. This is a bet that is
placed in advance predicting the outcome of a future event.
Arbitrage - Where a variation in odds available allows a
bettor to back both sides and guarantee a win.
Backed - A bet selection (i.e. team, player) that is proving
very popular and has had strong betting support.
Bad beat - losing under unusual or exceptional circumstances.
Banker - Highly expected to win - the favorite of favorites.
Bar Price - The odds of selections at their last quoted price.
Beeswax - Also known as Bees or Ajax. The UK term for betting
tax.
Bet - A wager of any kind.
Betting Tax - A Tax on a Bookmakers turnover. Also known
in the UK as Duty.
Bettor - someone that makes a bet.
Book - An establishment that accepts bets
Bookmaker - The person that creates odds for people to bet
on. A bookmaker is licensed to accept bets/wagers.
Bookie - Slang for a bookmaker.
Bottle - UK term for odds of 2-1.
Carpet - UK term for odds of 3-1.
Century - 100 GBP.
Chalk - A favorite
Chalk Player - A bettor that wagers on favorites and rarely
bets on underdogs.
Circled Game - A game where the bookmaker limits the maximum
bet.
Combination bet - Selecting any number of teams/horses to finish
first and second in either order.
Cover - To beat the handicap by the required number of points.
A-C
/ D-F / G-L
/ M-R / S-Z
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