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Glossary of Football Betting- The ABC of Football Terminologies

January 29, 2021

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Glossary of Football Betting- The ABC of Football Terminologies

Here it is, a Glossary of Football Betting! Little by little, football has become an enticing option for a number of different reasons, with some of the most apparent beings that it’s not only thrilling but at the same time it can turn out to be really rewarding as well. Other than that, betting lovers do not necessarily need to have experience in football betting to enjoy positive outcomes, which is undeniably good news, particularly for absolute rookies.

Betting on football could turn out to be a fun way to test your knowledge and skills of the players and the teams and, at the same time, bag some nice winnings. As it plays out, one of the most intimidating things about football betting is that there are so many terms and expressions that do not make sense, particularly if you’re a newbie at the moment.

No matter whether you’re a leisure bettor or if you’ve already managed to become a football specialist, you should certainly make sure that you’re acquainted with most of the words used by football punters and bookmakers as well. With this, you can rest easy that your gambling journey will go off without a hitch.

Table of content:

Glossary of Football Betting- The ABC of Football Terminologies
The terminology of Bet Types
Odds Terminology – Glossary of Football Betting
Punters and Bookmakers Terminology

The terminology of Bet Types

Funnily enough, the jargon’s largest chunk and the slang used while betting on football have to do with the various methods of making the stakes. As long as you’re only taking your initial steps at football betting, you may be curious to find out that unlike many other sports, football offers bettors plenty of choices to choose from when it comes to betting forms. With some of the more common bet types, betting enthusiasts can also use several combination bets that could bring them some decent earnings.

Accumulator Bets – An Accumulator Bet is a bet that consists of many selections. It’s only going to be a winning one if you’ve got it right with all the individual selections that make it up.
Asian Handicap – A way to bet on football that first emerged in Asia, and according to which the expected underdog would be given extra goals. In contrast, the presumed favorite would be debited goals. It is necessary to remember that Asian Handicap betting punters are not permitted to bet on a draw. In case the game ends in a draw, you’re going to have your money refunded.
Banker – A banker is a bet that is regarded to be a lock.
Combined Bets – the term used to define bets that consist of more than one pick. The parlay or accumulator bet will be a prime example of such bets.
Dime Bet – a football bet with a value of $1,000.
Exotic Wagers – a phrase used to denote non-standard bets like proposition bets.
Forecasts – Stakes made on the teams you believe would take the first and second position at the end of the tournament. It is crucial to remember that the predictions you make should be in the correct sequence.
Future Bets – By making future bets, players are placing a bet on events whose result will become obvious sometime in the future. So, if you were to take a stake in the Europa League’s eventual winner, for example, this will mean you’re making a future bet.
Handicap Betting – A form of football betting that deducts or adds a certain amount of goals to the team score. This time, betting players are offered the opportunity to participate in a draw, which is one of the key distinctions between Asian handicap betting and handicap betting.
Lock – a term used to characterize a bet that is extremely unlikely to result in a losing bet.
Moneyline Bet – a term used to describe a bet that involves staking on a single bet. Such bets include staking on a team that you consider to be a possible winner or placing a bet in a draw.
Over/Under Bet – Betting enthusiasts need to make a call on the total number of goals scored in the matchup while making such bets. Bookmakers set a fixed value, and bettors need to decide whether or not the number of targets would be below or above the set value.
Parlay Bet – Parlay Bets are bets that consist of various bets that should not generally be made on a single event. These wagers will payout as long as you’ve got all the individual picks correct.
Point Spread Betting – In point spread betting, the bookmaker will assign a certain number of goals to the expected underdog and subtract goals from the expected favorite. The number of goals to be deducted or awarded is often termed as the point spread.
Prop Bets – Some other way to describe to proposition Bets.
Proposition Bets – These bets sometimes do not have to do with the result of the match. Preferably, such bets may include placing a bet on the player who scores the first or last goal, the number of corners, or the time of the first goal, for instance.
Special Bets – the phrase used to characterize bets that have to do with betting on incidents that may not have an effect on the result of the match. Besides that, when placing such bets, you can also bet whether a particular event will occur.
Totals – A way to bet on football that has to do with the total number of goals scored in the game. With such bets, players are expected to make predictions as to whether the result would be more or fewer goals than the fixed number.
Push – the term used to describe a tied wager.
Ante-Post Betting – This is the term used to characterize the bets made just before the competition starts.

Odds Terminology – Glossary of Football Betting

In this segment, we will pay special attention to terms and expressions associated with odds. The primary reason why you should all go out and internalize these words is that the odds are used to foretell the money you will gain when you make a winning bet. As you can see, odds are among the main components of betting on football and other sports. That’s why it would be a great idea to get to know some of the words. These words you might encounter during your betting journey.

Decimal odds – A way of showing odds by decimals. An illustration of this odds format will be 2.40, 1.40, etc.
Even money – a term used to denote odds that give you an equal chance of winning or losing. It is crucial to remember that the amount of money you will win is the same as the amount of the bet you have made in such situations.
Evens – another way of referring to money.
Fixed odds – this is a concept used to characterize odds that are settled upon when you make a stake. In other words, they will remain unaffected throughout the event.
Fractional odds – a term used to define one of the ways in which the odds are shown. As the name suggests, the odds are displayed as fractions such as 1⁄2, 2⁄3, and so on.
Line – Line is a term used to characterize the odds, or the point spread that betting lovers are faced with within a particular matchup.
Moneyline Odds – a phrase used to refer to the odds format that indicates the amount of money you can theoretically win as long as you place a $100 bet or the amount of money you have to stake to have a chance of winning $100.
Odds – odds are used for determining the amount you’re going to be paid back when you’ve made a winning bet. Besides this, a quick peek at these values would also allow you to determine whether this stake will offer you enough value.
Odds On – odds on is a term used to characterize the price of a wager. The amount of bet you made is higher relative to the amount of money you might earn with odds on.
Odds Against – odds against is a phrase used to describe the price of a bet. With odds against, the value of stake you’ve made would be lower relative to the amount of money you’ve had the chance to win.
Price – Price is another form of referring to odds.

Punters and Bookmakers Terminology

While you’re beginning to bet on football, you should also ensure that you’re familiar with the terminology associated with bookmakers and punters themselves. Knowing these phrases will help you during your betting journey, which is why we advise that you keep reading.

Action – The word action is used to denote making a bet, regardless of its type or the amount of money staked.
Bettor – Bettor is a word used to indicate a person who bets on football or some other sport. These individuals are also sometimes referred to as punters.
Bookie – Another way to refer to bookmakers.
Bookmaker – Bookmaker is a term used to denote an entire company or individual responsible for making and paying off bets taken on football matches or other sporting events.
Get Down – Another phrase to explain the act of playing a soccer match.
Juice – Juice is the term that describes the commission paid by the bookmakers. This expression is also widely known among betting enthusiasts as vigorous.
Lay – Lay is the term used when a bookmaker takes the bets that betting enthusiasts have made.
Over-round – Over-round is also a term used to denote the earnings of bookmakers.
Return – Return is the term used to describe the amount of money you get after winning a successful bet.
Stake – Stake is a term used to denote the amount of money you have agreed to wager on a particular football match.
Underdog – Underdog is a word that represents the team that is expected to lose the game.
Favorite – Favorite is a word that signifies the team that is meant to be triumphant.
Bankroll – Bankroll is the expression used to designate the sum of money you have used for betting purposes.
Chalk – Chalk is another word used when referring to a team known to be the favorite.
Edge – Edge is a word that describes a situation that places someone in a more advantageous position
Payout – Payout is the amount of money you hope to receive after you have made a winning bet.
Void Bets – In the event that your stake is nullified, this ensures that you will be given back the money you staked.
Tipsters – Tipster is a word used when talking about people who offer advice on matchups’ most likely result.