– Multiple Bet (Accumulated): Type of bet that allows you to combine several bets into one. The total odds result from multiplying the odds of all single bets. There are also some leads, called Doubles, Trebles, Trixie, Heinz, Yankee, Parlay, etc.
– All in: Term derived from poker, which means placing your entire bank on a single bet.
– Arbitration: It involves, in a single sporting event, placing several bets on different results. Thus, profit is guaranteed regardless of the result. Example: betting on a football match, the victory of team A, the tie, and the victory of team B. For this to be possible, it is necessary that there is a set of favorable factors, and that more than one house is used. bets.
– Asian Handicap: For that matter we have an article only on the subject.
– Back: Betting that something will happen. It is synonymous with betting in favor.
– Banking (Bank or Bankroll): It is the amount available on a website to place bets. Good bankroll management is one of the most important lessons learned for the bettor, as this ensures a balance between gains and losses, and increases the profit potential in the medium and long term.
– Bookie (or bookmaker): It is the bookmaker, who provide events for their customers to bet. They are registered, licensed companies that pay taxes and employ thousands of people around the world.
– Bonus: For this matter we have an article only on the subject.
– Betting Exchange: its greatest exponents are betfair and betdaq. They are platforms that allow bettors to bet against each other. This creates a fairer market, because the odds are more competitive, and because the possibility of making a profit before the sporting event ends increases the bettor’s chances of success. The sites that allow the trade charge a commission on top of the winning bets.
– Draw No Bet: Also known as DNB, and a bet that in case of a tie, the amount wagered is returned. It is the same as betting on the Asian Handicap (0).
– Double Possibility: Type of bet that allows us to bet on two possible outcomes. One of the most common uses is in football, where it is bet that a team will win or draw a match.
– EV (Expected Value): Doing a free translation would be “expected value”. Profit on bets is only possible if your ability to predict odds is better than that of houses, that way you can identify which odds are fair and which are not and, thus, find situations where there is + EV.
– Freebet: It consists of a bet in which in case of loss, the stake is returned. It is the generic term for a risk-free bet.
– Banking Management: For this matter we have an article only on the subject.
– GM (Winning More): the acronym GM in sports betting means Winning More and alludes to the advantage of goals / points for one of the teams. It is the same as Handicap, but an expression used especially in the North and Northeast of Brazil.
– Green: As the name implies, going green (with a profit) in all result options. To make a greenbook, you must place at least two bets, one bet in favor and one bet against.
– Handicap: In this popular betting market, we give positive or negative margins to a team or a player. Which in the end will be added or subtracted from the effective result of the same.
– Asian handicap (Spread): Bet that removes points or goals from the favorite and adds to the underdog. The aim is to level the bet.
– HT (Half Time): Expression used to designate bets placed for the first half of a sporting event. These are bets most commonly seen in football, where there are several betting options valid only for the first half of the match.
– Lay: It means betting against, that is, betting on something that we think will not happen. We accept to pay a certain amount if what we don’t think happens. It is only possible in Betting Houses that carry out trading.
– Money Line: Also known as ML, it means betting on victory. The term has its origins in North American sports, but in Brazil it is used to designate the “dry” bet on the victory of a team or player.
– Martingale: Betting strategy that consists of betting twice the amount, in case the previous bet has been lost. This method, originally from Black Jack, brings a lot of risk to the bettor, and should only be used in very specific situations.
– Moneybookers: It is one of several payment methods available at bookmakers. It is a kind of virtual bank account that allows us to move our funds more quickly between the different bookmakers, and between individuals.
– Nap: It’s a Tipster’s best bet on a given day.
-Neteller: Online wallet, highly recommended for betting.Next Goal
Very common bet in football. It means betting which team will score the next goal.
– Odds (odds): Also known as odds, odds give the odds offered for a given result. The stake multiplied by the odd is equal to the return you will get if your bet is a winner.
– American books
It can be expressed in positive or negative numbers. For example: -300, -190, +400 ..
– Decimal odds
Odd format most common for Brazilian gamblers. Eg: 1.90, 2.10, 1.95 …
-Fractional or European books
As a fraction. For example: 8/1, 7/4 … In this Odds format your money is divided into units. When betting on 7/4, you risk 4 units to win 7.
– Over: More than. It means that we are betting that more events will happen than those placed on the line offered by the bookmaker.
– P2P (person to person)
Bet established between two individual bettors in which the rules of that bet are defined by themselves.
-Par or odd: Bet on the amount of goals or points that will be in the match.
– Picks (Prognotic): They are guesses or for a certain game or event, with the proper explanation / basis by the person providing it.
– Punter (Punting): It is probably the most popular way to bet. Punting consists of betting on what we think is the likely winner of a sporting event.
– ROI (Yeld): The Return of Investment (also known as ROR or Yeld), determines the ratio (ratio) between the gains / losses versus the investment made. To calculate it is used: Total profits – Total losses ÷ Total investment. To obtain this ratio as a percentage, simply multiply the value found by 100.
– Rollover: This term appears associated with bonuses offered by bookmakers. The rollover is a set of requirements that we must meet in order to withdraw the bonus. They usually imply in terms that betting a certain amount on a minimum odd.
-Score: Win big money on a bet.
– Spread: These are bets where a team / player is given an initial advantage. Thus, the advantage is added to the final result or the disadvantage is reduced.
– Stake: It is the amount that the bettor risks when placing a bet.
– Surebet: It is a bet where there is the certainty that one will win.
-Sharp: A sophisticated and professional gambler.
-Shark: One sends rain on sports betting.
-Square: Beginner when it comes to sports betting.
-Steam: When the odds drop absurdly. It usually happens when several players place their money on the same bet.
– Teasers: These are bets on totals (over / under) or spreads, common in basketball and American football. It is as if it were a “special” multiple bet, where the bettor accepts a slightly lower odds than he would have in a “common” multiple, but in return manages to adjust the total points or handicap according to his interest.
– Tips: These are unsupported guesses, just an opinion. It’s an unexplained pick. Whoever supplies the tip is called a Tipster.
– Trading (Trade): With the emergence of betting exchanges like Betfair and Betdaq, the possibility arose for bettors to bet against, instead of betting in favor (as is offered by traditional bookmakers). Trading consists of guaranteeing profit regardless of the final outcome of the event. For that, we need to be able to bet in favor, at a higher odds than the bet against. The most popular form of trading is live, but there are those who prefer the trade before the sporting event.
– Underdog (Dog): it is the opposite of favorite. In Portuguese it is customary to speak underdog or zebra. The opposite of underdog is top dog.
– Unit: it is a fictitious value defined by each bettor when he prefers not to disclose the real value in money than he put in money. The unit is also used when the bettor wants to divide his bank into equal parts, and thus better balance the management of his bets.
-Underdog Player: Gambler who bets on the underdog.
– Under: Less than. It means that we are betting that fewer events will happen than those that are placed on the line offered by the bookmaker.
-Value Bet / Value
When a bettor finds a value bet based on the EV.