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Ukraine
and France will clash in their upcoming Under-19 Football match.
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Back
A bet bought on a betting exchange.
Bet
A bet is a prediction about the expected outcome of a sporting event.
• Simple bet: the most frequent type of bet.
• Combined bet or multiple bet: a single bet on several sporting events at the same time. A combined or multiple bet on two selections is
Betting Exchange
An online site that enables anonymous person-to-person betting. It is a way for individuals to exchange bets. For example, you can bet Team A will win the match at 2.0 odds and another person can bet that Team B will win the match at 2.0 odds. Betting exc
Bid
The bid is the amount of money bet.
Bonus
An amount of money offered by an online betting site. For new bettors, bonuses can be used to learn about sports betting without taking too much of a risk. For experienced bettors, bonuses are a way to increase earnings.
Bookmaker
A website allowing you to bet on sporting events. If you win, the online betting site pays. In addition, the bookmaker sets the odds.
Bookmaker’s Margin
The deviation of the bookmaker’s odds from the true odds. Also known as edge, commission, juice or vigorish. There is a variation in margins between bookmakers. Margin = 100% - Payout.
c
Capital
The money available to a bettor in the account at the online betting site.
Combination
A combination of single bets into one bet. See Combination Bet.
Combination Bet or Multiple Bet
A single bet on several sporting events at the same time. A combined or multiple bet on two selections is known as a double, while a combined bet on three selections is a treble. A combined bet on four or more selections is also possible. Note that the be
Correct Score
This is a bet on the final score in a match.
d
Double
A bet on two selections. All earnings from the first selection are bet on the second selection. Both selections must win to receive earnings.
Draw No Bet
A bet where a tie results in your bet being returned. For example, if Team A plays Team B and you feel a tie is likely, you may bet on Team A for a Draw No Bet. If Team A wins, you win the bet and if there is a tie your bet is returned to you. If Team B w
Dropping Odds
If large sums of money have been placed on a favorite player or team then the odds for that favorite will begin dropping. You can take advantage of dropping odds by using these trends to help you identify good bets. On Hot-Odds.com, the odds marked in ora
Double Result
A bet giving two predictions for the same event. The double bet predicts the results at half-time and full-time.
e
Earnings
The money received on a winning bet.
Even/Odd
This is a bet on the number of goals or points in a game, a half or a series of games. The options are as follows:
• Even: the total number of points or goals in the game will be an even number.
• Odd: the total number of points or goals in the game wi
f
Favorites
The individual or team that is favored to win.
Financial Management
A betting strategy whereby the bettor defines tolerance for loss.
First Goal
A bet on the team to score the first goal in a match.
Free Bet
An offer of a bet of a given amount of money, usually for signing up with a bookmaker and placing your first bet. For example, you sign up and place a bet of 10 units with a bookmaker and receive a free bet of 10 units.
Full Cover Bet
Betting multiple bets over a number of selections. Popular versions include the Trixie, Yankee, Super Yankee, Heinz, Super Heinz and Goliath.
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Goliath
A full cover bet on eight selections, consisting of 247 separate bets: 28 doubles, 56 trebles, 70 fourfolds, 56 fivefolds, 28 sixfolds, 8 sevenfolds and one eightfold accumulator. At least two selections must win to earn a return.
h
Half-Time
A bet on the results at half-time in a match.
Handicap
- Asian Handicap: same as a Classic Handicap except you cannot bet on a draw.
- Classic Handicap: a bet on a sporting event where the bookmaker gives points to the weaker team and takes points from the stronger team.
Heinz
A full cover bet on 6 selections. This bet consists of 57 different bets or 15 doubles, 20 trebles, 15 fourfolds, 6 fivefolds and a sixfold accumulator. At least two selections must win to earn a return.
Home Team
The team playing at home. Their odds are displayed first, followed by the visiting team’s odds.
l
Last Goal
This bet is on the team which will score first in a game.
Lay
Selling a bet on a betting exchange.
Live betting
Works like a simple bet, except that the bet occurs during the match. This causes a change in the odds during the match.
Lucky 15
This type of bet consists of 15 bets on four selections in different sporting events. The bet has 4 singles, 6 doubles, 4 trebles and one fourfold accumulator. If a selection wins, the earnings are reinvested. If all of the selections win, a bonus is usua
Lucky 31
This type of bet consists of 31 bets on five selections in different sporting events. These bets include 5 singles, 10 doubles, 10 trebles, five fourfolds and a fivefold accumulator. If a selection wins, the earnings are reinvested. If all selections win
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Make/Do not mark point or no point
This bet predicts that one of the two teams in a sporting event will not score. A tie is not one of the outcomes.
Margin
A bet on the difference between goals scored between two teams during a match. The bet is on who will win and the difference between the score. As a result, this bet is on two events.
Multiple
A combination bet such as a double, treble or accumulator. A bet that is actually several simultaneous bets. If all predictions are correct then the bet is won. Conversely, if one of your bets loses, your combination loses as well. If the bettor wins, all
o
Odd/Even
A bet that the sum total of the goals in a game will be odd or even.
Odds
Corresponds to the earnings in a winning bet. Lower odds mean a higher probability that the event will occur. The favorite, or the side most likely to win, usually has the lowest odds.
Odds Theory
The odds that represent the actual probability an event will occur. This is the case when a bookmaker does not take a margin.
Outsider
This is the player or team with the least chance of winning the match.
Over
A bet on the total goals scored in a sporting event. To win an Over bet is to predict that the sum of the goals scored from both sides is over a specific number of goals. Example: An Over bet of 1.5. If one goal is scored then you lose. If more than two g
p
Patent
This bet consists of 7 bets on 3 selections in different sporting events. The bet includes 3 singles along with 3 doubles and 1 treble. A winning selection guarantees earnings. Earnings are determined by the sum of the product from different odds and then
Plus/Minus (also known as Over/Under)
A bet predicting the total number of goals scored in a sporting event. A Plus bet predicts over a certain number of goals while a Minus predicts an outcome below a set number of goals.
Probability
The percentage chance of winning the bet.
Punter
UK term for the person placing a bet on a player or match.
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Rising Method
This is a betting strategy where each time you lose a bet, you double the amount bet on the next bet. You continue until you have a winning bet.
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Simple
The simple bet or the most common form of betting. The bet is on the result of a single event (win, tie, lose).
Single Bet
A bet on one selection only.
Specials
Known also as Match Specials. This type of bet predicts specific events in a match such as total goals scored, etc.
Sports Betting Site
An online bookmaker offering the chance to bet on various sporting events. The bookmaker determines the odds, pays the customer and earns money on margins and on losing bets made by customers.
Sportsbook
The range of sports offered by the bookmaker.
Spread Betting
This is betting on the total number of actions in a match. For example, you could bet on the total number of points scored.
Super Heinz
A bet on 7 selections. The Super Heinz consists of 120 bets, including 21 doubles, 35 trebles, 35 fourfolds, 21 fivefolds, 7 sixfolds and a sevenfold accumulator. At least two selections must win to earn a return.
Super Yankee
A bet on 5 selections. The Super Yankee consists of 26 bets, including 10 doubles, 10 trebles, 5 fourfolds, and a five-fold accumulator. At least two selections must win to earn a return.
Sure Betting or Arbitrage
A method to ensure a bet has zero risk. Sure betting consists of making a combination of bets on one bet type. Evaluating the odds from different bookmakers, you bet on each outcome for a match with a different bookmaker. For example, you bet 1000 units o
System Bet
Similar to a multiple bet but if all events on which the bettor has taken a position are not winners then the bettor can still possibly win. The minimum number of winning positions depends on the structure of the bet. This type of bet consists of a simple
t
Treble or Triple Bet
A bet on 3 selections, each for a separate event. All three must win to receive earnings. The returns from the first selection are rolled over to the second selection and returns from the second selection are rolled into the third selection. One losing se
Trixie
A bet on 3 selections. The Trixie consists of 4 bets, including 3 doubles and a treble. At least two of the three selections must win to generate earnings.
v
Value Bet
This betting method is based on perceived errors in judgment by the bookmaker. Here, the bettor uses his or her own calculations of probability. The bettor has the advantage when an error in judgment was found on the part of the bookmaker.
Virtual Account
The bettor’s account on an online bookmaker site.
Visiting Team
The team playing away from home. The first odds ratio is for the home team and the second is for the visiting team.
w
When First Goal
This bet predicts when the first goal will be scored.
Winner
This bet predicts the winner of a sporting event.
x
X
An abbreviation meaning no score or a null game.
y
Yankee
A bet on four selections. The Yankee consists of 11 bets, including 6 doubles, 4 trebles and a fourfold accumulator. At least two of the selections must win to generate earnings.
