Are you passionate about sports and betting , but have some difficulties with the specific vocabulary ? No fear! A little experience is enough to learn how to juggle the various terms of English and non-English derivation. We try to help you with a guide that collects idioms that you surely have already heard or will soon hear.
What is a system and how does it work? Who are the tipster? What is the margin? Scroll through the list below and save it somewhere if you always want to stay on track and become an informed gambler.
Bookmaker
Also abbreviated to “bookie”, the bookmaker is the betting site or in any case the entity that manages the game, offering its odds for sporting and non-sporting events. Those who work for these companies naturally know the world of sport well and also the basic mathematics that govern it.
Event
Term that is one of the simplest to understand in the field of betting. The event is for example any match of football, basketball, volleyball, rugby or tennis. In short, it is the event that generates interest among fans of that discipline and / or betting.
Quote
The odds offered by a bookmaker indicate the payout multiplier in case that prediction comes true. It is a simple number (usually indicated with a comma) derived from numerous factors: the strength of a team, the shape of its athletes, their psychological condition, the injured, the suspected, the disqualified.
Single or simple bet
It is precisely the most classic type of bet. You choose an event (for example a Serie A match), predict a sign, an exact result or any other outcome and choose how much money to bet. If we are right, the bookmaker will pay us the money we have bet multiplied by the odds offered.
Multiple bet
It is a bet made by combining two or more events (and related odds) together in a single bet slip. The overall share is obtained by multiplying the individual shares between them and will obviously be much higher. To win, however, all of our predictions must turn out to be correct.
System
The betting system is basically a multiple bet (made on at least three events) that allows you to collect a win even if not all your predictions turn out to be correct. There are various types of systems and you need to understand which are the most convenient.
Fixed Play
Fixed bet, also called banker, allows you to block an event within a system, including it in all possible combinations of the system and saving on the total cost of the bet slip. However, it is clear that if the play is wrong, we will no longer have a chance of winning.
handicap
When one team is clearly superior to another in a match, it is possible to attribute a fictitious disadvantage to the strongest team, equal to one goal or even more goals. The odds in this case change and it becomes interesting to bet on the underdog. There is also an Asian version of the handicap where you cannot bet on a draw.
Double chance
It is a bet that allows us to choose between two “signs” in a match. Are you undecided between a home win and a draw? You can then choose the 1X. There is also the X2 and even the 12. Obviously the odds are not as inviting as those of the single sign.
Under / Over
With these two bets we can predict the total number of goals scored in a match. For example, if we focus on the Under 2.5 team, it means that we will have to hope not to see more than two goals in the match.
Goal / No Goal
Watch out because this type of bet makes beginners look bad. Betting on the Goal option does not win if at least one goal is scored in the match, but if BOTH teams score! You should also guess from the odds … By aiming for “No Goal” instead you have to hope that AT LEAST one team remains dry.
Even odd
This bet also has to do with the goals scored in a match: if their sum is even, the one who has bet on “Even” wins. If it is odd, the “Odd” wins.
First half / Final
Another popular bet especially in football. It consists in predicting the final sign of the match but also the one at the interval, or the end of the first half. Of course the bet is more difficult, and with higher odds, than a simple 1, an X or a 2 at the end of the race and that’s it.
Tipster
The English verb “to tip” means “to advise” and in fact the tipster is the one who usually gives useful advice to bettors. The tipster can offer his suggestions for free or for a fee.
Margin
Margin is the bookmaker’s profit, or the remuneration he receives for each event on which he places a bet. The margin is indicated by a percentage of the amount played.
