ACCUMULATOR
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Consisting of four or more betting selections, an accumulator is a high
odds bet that involves you needing to win all the bets to win the wager.
In the US an accumulator bet is known as a ‘parlay’. |
ANTE-POST
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Ante Post prices refer to prices that are available at least 24 hours
before an event begins. The Ante Post prices can be more favourable,
because you don’t have all the information that would have on the day of
the event. For example, in horse racing customers balance the better
odds against the risk that their bet will be lost if their horse
doesn’t’ even run. |
ASIAN HANDICAP
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Asian-style handicap is something that was created predominantly to make
football or soccer betting more attractive. It is so-named because it is
very popular in the Far East. The way Asian-style handicap betting works
is that both teams are given a roughly equal chance by making the
favoured team overcome a goal deficit, or have the non-favoured team
start with a goals advantage. |
CANADIAN
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The
Canadian is also known as the Super Yankee, and consists of 26 bets over
five selections in different events, made-up in the following way:
10 doubles,
10 trebles,
5 four-folds,
1 five-fold accumulator.
You need at least two successful selections in order to get some sort of
return. Obviously, the more successful selections you get then the
better returns you get. |
COMBINATION FORECAST
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A
combination forecast occurs when you choose 3 or more selections and
then combine every possible outcome of them finishing 1st or
2nd. So, a 3-selection Combination Forecast is 6 bets, a
4-selection is 8 bets, and so on. |
CORRECT SCORE
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A
correct score bet is when you correctly predict the final score of a
sports, game, usually football. |
DOUBLE
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A
double bet is one bet that involves two selections from different
events. Both of your selections need to be successful to win. For
example, if you bet on 2 final scores in the football they would both
need to be correct for you to win the bet. |
EACH-WAY
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An
each-way bet is one of the most common types of bet, and is made up of
two wagers. You basically bet on a winner for an event, as well as for
that selection to just claim a place. The bet price is the equivalent of
betting twice. So, a £10 each-way bet actually costs you £20.
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FAVOURITE
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The
favourite is obviously the selection in any event that has the shortest
odds, as in the one that is considered the best candidate for victory.
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FIRST GOALSCORER
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A
first goalscorer bet is when you bet on who will score the first goal in
a football game. If you get the name of the scorer right then you win
the bet. |
FOLD
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A
fold refers to the number of selections you have made within an
accumulator bet. For example, a 5-fold bet means you have made a bet
with 5 selections. The higher the fold number, the longer the odds of
winning become. |
FORECAST
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A
forecast is a wager where you have to accurately predict the first and
second place competitors in an event. There are no prices on a forecast,
and how much it pays can only be given after the event. |
GOLIATH
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A
Goliath is so-called because of truly staggering amount of bets placed.
It consists of a massive 247 bets involving 8 selections. These include:
28 doubles,
56 trebles,
70 four-folds,
56 five-folds,
28 six-folds,
8 seven-folds,
1 8-fold accumulator.
Again, you need to have at least 2 successful selections in order to
win. |
HALF TIME/FULL TIME
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A
half-time/full time bet involves predicting the score for a football
match at both half time and full time. This is usually calculated as 1
bet with single odds. |
HEINZ
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A
Heinz is so-named as it consists of ‘Heinz’ 57 bets made up of 6
selections:
15 doubles,
20 trebles,
15 four-folds,
6 five-folds,
1 accumulator.
Two correct selections are needed in order for you to win anything.
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IN RUNNING
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In
running is a term used to predict a race or event that has already
begun. For example, you might be able to bet on a football match in
running up until a few minutes before the end. The odds are updated
throughout, and the most popular in running bets are taken on live
television events. |
NAP
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Nap is a tipster’s pick for the best bet of the day. If you get offered
a ‘nap’ from a good tipster then you could be onto a winner. |
ODDS
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The
odds are the price that a bookmaker or betting exchange customer sets
for the selection in a particular event. The smaller the odds, then the
more chance you have of winning, but the less money you will win.
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ODDS-ON
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An
odds-on price means any selection that is better than even odds or even
money. This means that if you back an odds-on favourite you will obtain
winnings less than your stake. For example, if you bet £100 on a ½
favourite you will win £50. |
OVERS/UNDERS
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An
overs/unders bet is when you predict how many goals or other statistic
there will be in a sporting match. You usually bet on an amount over or
under, and then if you fall within this range you will win. The most
popular sports for over/under bets are football and basketball. |
PATENT
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A
patent is 7 bets, and is made up of 3 selections:
3
singles,
3 doubles,
1 treble.
You need at least one correct selection for a win. |
PLACED
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A
placed bet means you bet on a participant, usually in horse racing,
coming second, third or even fourth. The amount of places depending on
the size of the event’s field. Usually, second and third are considered
places, and sometimes fourth as well. |
REVERSED FORECAST
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A
reversed forecast means that you choose two selections in two bets, and
the two selections can finish in 1st or 2nd in
either order for you to win one of the bets. |
RULE 4
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Rule 4 mainly refers to horse racing, and refers to the fact that a
deduction will occur on bets when a horse is removed from a race and
there is no time to create a new market or change the odds. This can
happen in other sports as well, for example motor racing.
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RETURNS
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The
level of returns you get is the amount you get back from a successful
bet. This includes both your winnings and your stake. For example, a £10
bet at 2-1 will give you £20 winnings. With your £10 stake as well this
means you have £30 returns. |
SCORECAST
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A
scorecast usually refers to football, and consists of you having to pick
the first scorer and the correct final score. This is one bet and one
set of special odds is quoted. |
SINGLE
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A
single is the simplest form of bet, and involves betting on one
selection to win an event. |
STARTING PRICE
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The
Starting Price or SP is the price that a horse or dog is returned at
when a race finishes. If you do not take odds when you place a bet, then
the winning bet will be settled at the SP. |
TREBLE
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A
treble bet is where you make three selections in one bet from different
events. All three of the selections need to be accurate for you to win
the bet. |
TRICAST
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A
tricast is when you accurately predict who will finish 1st, 2nd
and 3rd in an event. This usually consists of 1 bet, where
you need to get the order exactly right. You can make combination
tricast bets but this involves placing a lot more bets, as you have to
cover all combinations. |
TRIXIE
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A
Trixie is a type of multiple bet, and is made up of 4 bets with 3
selections. The bet consists of 3 doubles and 1 treble bet. |
UN-NAMED FAVOURITE
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If
you just want to go with a favourite each time, then you can bet on an
unnamed favourite. This means you place a bet on the selection that has
the shortest odds. Unnamed favourites are usually good if you can’t
follow the race beforehand and want to place a bet on the favourite.
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YANKEE
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Smaller than a Super Yankee, the Yankee consists of 11 bets made up of 4
selections:
6 doubles,
4 trebles,
and 1 accumulator.
You need just one successful selection in order to win. |
