Common To Have Football Game With Score Less Than 20 A Guide to Common Soccer Betting Terms

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A Guide to Common Soccer Betting Terms

Accumulator.

Sometimes called Parle. A bet where winnings from one bet are placed on the next bet. Wins accumulate with large theoretical returns. Actually, not very profitable because just one starts to lose and your entire bet is lost.

Arbitrary.

A combination of bets that guarantees a theoretical risk free profit. This sometimes happens when a bookie offers a price that is out of line with the rest of the market. Chances don’t last long as bookies will adjust their prices accordingly.

Asian disabled.

A form of betting in which a team is given a handicap is the probability of not losing the handicap around even and the odds of not beating the handicap around even. Popular in Asia.

banker.

A bet that is very likely to win. The odds for these types of bets are less than 1.5.

Betting Exchange.

A place where people bet against each other. The exchange takes a commission from every winning trade.

book value.

The over round that the bookie creates in the odds. For example a typical football match will be booked at 110% which means if you bet on all the results you will lose around 10%. Same as payout defined as 100/book value. Just use this formula to determine book value, book value = 1/outcome1_odds + 1/outcome2_odds + …

Bookie, bookie.

A person who accepts bets.

Decimal Probability.

Probability expressed as a decimal with shares in the total price. For example a decimal odds of 3 is equal to a fractional odds of 2/1, because equity is included in the former but not the latter.

Double.

An accumulator with 2 islands.

Double chance.

A bet that is offered on a 3rd market where you bet on 2 outcomes. For example, you can bet on a home win or a draw. The odds are usually very low but the chances of you winning the bet are high.

place a bet

A bet where a draw will return your stake. This is the same as the +0 Asian handicap.

every way.

A type of bet where depending on the market you can still win if your picks come 2nd/3rd/4th. The bet is split into 2, half on a straight win and half on a run, say next 4 places. It is popular in horse racing but is used in football, in some markets, e.g. First goal scorer.

European handicap.

Not to be confused with Asian handicaps. This is where the team is awarded a goal start but cannot bet. Three prices are quoted, one for the team giving the handicap, one for the team with the handicap and one for the team leaving the handicap. For example, if a team is given a +1 European handicap and loses the match by one goal, the bet is still forfeited, unlike Asian handicaps where the stake is returned. A +1 handicap is equivalent to a +0.5 Asian handicap, a -1 handicap is equivalent to a -1.5 Asian handicap.

Evens.

A bet where the odds are 1/1 fractions or 2 decimals. Basically if you bet on it and it wins, your money is doubled.

Fixed odds betting.

This is where you know what you are going to win or lose while placing a bet. Your winnings and liabilities are ‘fixed’. Compare with spread betting.

Fractional asymmetry.

This is a popular way of expressing possibility in Britain. Not included in return of share capital. For example, 2/1 is equal to 3 decimals, as it only expresses the winning portion of the bet.

Goal Line, Under/Overs, Total Goals.

All similar markets are centered around total goals in a match. Under/overs generally mean 2 goals or less, for unders and 3 or more goals for overs. The goal line is practically the same as under/overs but bets can be drawn. For example if the goal line is 3, a game with 2 goals will be won by unders, a game with 4 or more will be won by overs and a game with 3 goals will void the bet. Sometimes round lines have quadrants, e.g. 2.25, Here is 2 goals in the match, under bet will win half, over bet will lose half. Aggregate objectives are usually expressed in 3 brackets, 0-1, 2-3 and 4+.

Half time/full time, sometimes called double effect.

You bet on the results at half time and full time.

Place a bet.

The bookmaker does the same when he accepts a bet. It is possible to bet yourself on a betting exchange.

Against the odds.

A bet where the odds are greater than even.

Turn on the possibilities.

A bet where the odds are less than even.

Scorecast.

This is a bet where you predict the first goal score and the correct score. Chances are good but getting these rights is very difficult.

Spread betting.

An increasingly popular method of betting where returns are not fixed. You recognize the difference between what the bookies set as the spread and what you think will happen. For example during the first goal market, the bookie may offer a quote of 26-29 minutes. You can go below (buy) or above (sell) this spread. If you bet and a goal is scored in the 6th minute, you win 20 (26-6) times your stake. However, if a goal is scored in the 80th minute, you will lose a lot of money.

Three-way betting or 1X2.

Betting on home win/draw/or away win. 1X2 Because in betting shops, you mark 1 for a home win, X for a draw and 2 for an away win.

zero bet.

This is where the bets are made in terms of Asian handicaps. Void bets can also occur in other markets, for example in the first goal scorer market if your player is not on the pitch when the first goal is scored then the bet is void. Matches may be postponed or abandoned.

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