Sports Betting Terms: A Glossary For New Sports Bettors

The field of sports betting has its own language and terminologies, which, like many other sectors, may be baffling. With the help of sports betting experts, you can easily understand different terminologies to make it easy for you to find your way when perusing your favourite sites.

Accumulator

This kind of gamble is similar to a parlay in combining many bets into a single stake. The wager can only succeed if all of the bets win. An accumulator loses if one leg of the bet fails.

Alternate Lines

Point spreads for sporting events are offered by all bookmakers. Different point spreads that certain bookmakers may offer pay different odds for the same game. These provide gamblers extra opportunities to wager on particular sports.

American Odds

Compared to the rest of the globe, American odds are presented differently. In the US, moneyline odds are shown as + or – a number. Outside of the US, the same odds could be expressed as a fraction or with a decimal point.

Bankroll

The total amount of money available for wagering.

Bonus

Different bookmakers like Betway provide their clients with a cash bonus for many different reasons. The most common method for enticing bettors to bet with a particular sportsbook is with a signup bonus.

The most common method for enticing bettors to utilize a particular sportsbook is with a signup bonus.

Chalk

The favored team in an event is known as the “chalk.” Usually, this team or person is a huge favorite. The chalk is by a wide margin the predicted victor.

Double Chance

Double Chance is a phrase used in European sports betting mostly refers to betting on soccer. A double chance wager gives the gambler two chances to win. In soccer, a result could be a victory, a defeat, or a draw. Instead of choosing just one outcome, a double chance bettor may mix two of the three outcomes. The gambler now has double the probability of winning the bet.

Edge

A bettor’s advantage over the bookmaker (or vice versa) is called an edge.

Fixed Odds

Fixed odds are the odds that the majority of sports bettors will face. The odds are fixed once a bet is made and don’t change.

Handicapper

A person who forecasts game results by researching statistics, injuries, the weather, and the news.

Live Betting

Also known as in-play or in-game. It means betting on a live event as it takes place. Betway offers the rare opportunity for live betting, which allows bettors to analyze events before placing a wager.

Live odds

Odds markets that change all the time while an event is happening.

Bankroll Management

A procedure or set of guidelines that gamblers adhere to when it comes to the stake size, total amount at risk, and how their funds will be allocated among various bet kinds. Sometimes referred to as money management.

Moneyline

A moneyline bet is an outright winner wager with odds determined by a team’s likelihood of success.

Over/Under

The Over/Under market, sometimes referred to as a totals bet, is extremely popular where gamblers predict whether the actual score will exceed or fall short of the predicted total.