Joint Favourite – If two or more selections have the lowest odds price. Hurdle – A type of fence in national hunt racing Delaware Online Sports Betting that are at least 3 and ½ feet in height. Held Up – The process of a horse or dog being restrained behind other animals in the early phases of a race.
A minimum of two selections must be successful to get a return. A series of three or more selections in 2-fold accumulators. A round robin means 3 selections in different races, in 3 doubles, 1 treble and 6 single stakes about bets. A fold represents the number of selections in an accumulator, a four-fold consists of 1 bet with 4 legs that all must win for a return. Essentially a ‘commission’ the sportsbook takes on a bet. A good example is when you see -110 odds at the Spread.
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Polytrack is made from recycled rubber, carpet and silica sand and then waxed. A tote style betting system used in France – Pari Mutuel differs from fixed odds betting as the final payout isn’t determined until the pool is closed. A punter who locks in profit through exploiting a market by backing all outcomes of an event at a combined book of less than 100%. ALL IN signifies a player placing all of his remaining chips on the table for the bet.
The key distinguishing element of an accumulator bet is that if any leg of your bet doesn’t come true, the bet will not pay out. Technically, a double or a triple bet could be considered an accumulator, but most sites refer to a combination of four or more combined markets when using the term. Full Cover – A bet type where all possible multiple bets are included. E.g. a patent is a full cover bet with 3 selections comprising 4 bets, 1 treble and 3 possible doubles. A horse racing bet where a bettor has to successfully predict the top four finishers of a race in order for the bet to win. A betting market where bettors have to predict whether the amount of scoring in a sporting event will go over or under a total set by the bookmaker.
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A method or system employed to attain a specific result within betting activity – usually to win! Since all gaming operators work on the principle of vig/house edge/overround, most betting strategies employed by punters are not likely to succeed in the short to medium term. A term most often used in horse racing, regarding exactas, trifectas and superfecta bets.
A bet on the specific scorer of the first or the last goal/try in a given game. Where a bettor plays twice the amount of a usual bet, normally in reaction to a perceived ‘good thing’. Accepting inferior odds in exchange for an increased point spread advantage. A conditional incentive given by bookmakers to entice new or existing account holders to betting activity. Two-way market that uses a point/goal Handicap to alter perceived bias between two competing teams and also eliminates the possibility of a draw.
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Get the full understanding of what a goliath is on our horse racing glossary page. Get to know all about the favourite via our amazing horse racing glossary. Learn about the chalk exclusively on our unique horse racing glossary. Prop bets, or “proposition bets,” can be on literally just about anything. Bookies make money by drawing a commission on bets called vigorish, derived from the Russian word vyigrysh for “winnings” .
For example, when Tom Brady was set to become a free agent, BetMGM offered odds on which team he’d sign with. This is a fun one that fans love to play and you hear a lot about. Even the most novice of bettors have probably wandered into a sportsbook and put $10 on their favorite team to win the phrase at 50-to-1. You can also bet on conference championship odds and even division championship odds.
Arbitrage is a clever betting strategy that takes advantage of different betting lines at different sportsbooks. By identifying a gap in the lines it’s possible to bet on both sides and guarantee yourself a profit. Arbitrage is similar to “betting the middle” when a casino’s line moves. Click here for a guide to arbitrage and betting the middle. In a moneyline sport this happens if the game ended in a tie.
Sports Betting Terms 101
In this case, regardless of which team covers, the book has made their 10%. To throw down money on the outcome of sports result or casino game. The closing line can often bear little resemblance to the opening version once bettors, or ‘the public’ have taken a position. The amount of money you have access to for your betting.