Become familiar with the meanings of the terms used in betting, and you will be all set to place your next bet. You will come across all sorts of terminology when you visit any Philippine online sports betting site. And as with any activity, some phrases are more popular (and more important) than others. Our glossary page breaks down 63 of the most common (and a few uncommon) terms you are likely to encounter and explains what they mean in the context of sports betting.
Betting terminology is crucial to your understanding of the bet you're about to place. We give you the basics on horse racing, soccer, rugby, and every sport under the sun, but if you're not well-versed in betting speak, how are you going to know what to do with the info we provide? For all the bettors out there, eager to take the plunge and put some money down on a game, this guide is just for you.
Betting Terms Explained
Here are some of the common terms that a new beginner wagering on sports games for the first time may need to place the right bets.
A–H
- “Accumulator” – this term refers to the collective wager that contains two or more wagers in a single wager slip.
- “Ante-post” – this pertains to the initial financial wagers placed prior to the start of the competitive event.
- “Betting Line” – when it comes to a match, there are odds associated with it that let you know who the favorites are and who the underdog is, in terms of the two sides likely winning or losing a tie.
- “Buy points” – this wager consists of laying more than the sportsbook has set to move the point spread to a line that suits the bettor.
- “Chalk” – the team that is considered favorite to win.
- “Cover” – this mirrors the situation in which the preferred team triumphs in the game by a more substantial difference than is represented in the handicap or spread wager.
- “Double bet” – also called doubling up, when a player bets twice the amount of the wager to capitalize on the payoffs.
- “Draw” – when a match ends in a tie after the regulation time.
- “Edge” – pertains to the edge that a gambler enjoys when they possess inside information about how the outcome will pan out.
- “Exposure” – denotes the worth assigned to a possible defeat in a competition.
- “Favourite” – this is the person or team with the highest probability of winning the contest.
- “Future” – this is about betting on who will win the competition before the start of the event.
- “Grand Salami” – this refers to wagering on the aggregate number of goals that will be netted in all the matches of a single league round.
- “Handicap” – this is the point margin given to the underdog in a match that is intended to level the playing field.
- “Hedging” – this refers to putting a wager on the contrary side after having placed a bet on a different side to make certain that you do not incur a loss.
I–W
- “In-play betting” – the process of placing bets on the outcome of the game after it has already started playing. It is also known as live betting.
- “Juice” – this is the portion that the sportsbook charge for the allowing players to bet online.
- “Limit” – reflects the maximum bet that is allowed on a specific line.
- “Lock” – a situation in which a selected bet is considered an obvious win.
- “Money Line” – refers to a wager on the outcome of the game to be either win, lose or draw.
- “Odds” – indicates the probability of the outcome of a match.
- “Outright bet” – betting on the winner of a tournament.
- “Pari-mutuel” – this refers to a wager amongst bettors as opposed to against a sportsbook.
- “Parlay” – the process in which the betting calculator adds extra bets onto a single bet slip to improve the odds.
- “Stake” – to risk your money wagering on a sports event.
- “Teaser” – a specific selection of parlay bets that are combined in a single ticket to attract players to wager online.
- “Total” – the aggregate amount of goals or points in a match in which bettors predict the match will end. It is also known as the betting terms over-under.
- “Underdog” – the team or player pegged the less likely to win in a tie.
- “Wiseguy” – a term used to refer to a well-informed or knowledgeable bettor or handicapper.
