The betting world can be a confusing place, especially with all the betting terms flying around. This handy jargon-buster guide can help you better understand some of the common betting terms, so you can join in with the punting-talk next time you’re at the races. Teasers are a popular variation of standard point-spread betting, as they give the customer an advantage by increasing the point value for their selected team. In other words, you have to wager $110 in order to win $100 on your bets. The total is mathematic formula created by oddsmakers to determine the approximate number of points that will be scored in the contest. The formula essentially boils down to taking the average of what both teams score and allow per contest, along with other mitigating factors such as the venue or key injuries.

Essential Terms

Simply stated, hedge betting is placing a wager on the opposite side of an existing bet. Played regularly by some, and Playing From An edge rarely by others, the value of hedge bets differs from player to player. There are a few reasons to hedge bet and players can find opportunities to do so with easy access to live wagering platforms. Players place hedge bets to reduce original risk, set up guaranteed returns or create an opportunity to cash in on both sides of a betting option.

Sports And Technology: Impact Of Modern Day Tech On Sports

We bet on the 76ers -2, meaning that we win our bet if the 76ers win or don’t lose by more than two points. If the Raptors win 50-48, we don’t win or lose, and we have our informative post stake returned. For the Patriots, the bookmaker has given them a 1.5 point handicap. If we bet on these odds, the Patriots need to win by more than 1.5 points for our bet to be successful.

Use Of Live Video And Race Replays

These surfaces allow Racing to be held in the UK when there is bad weather, as the artificial running track can take any amount of rain on it. Ultimately, all-out as a comment will come in the final stages of a race and confirms that the horse was genuine under an animated effort from the jockey in an attempt to finish as well as possible. A tissue is not just what your mum finds under your bed. It is also a list of odds representing the chance of the various outcomes of a sporting event occurring. Which is the amount of money you either are in profit or loss against the amount you have used to bet with. 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.

Asian Handicap – An alternative way to bet soccer where the better team is “handicapped” to be the favorite. Betting at odds that represent a lower chance than the underlying probability and therefore offer ‘value’ to the bettor in terms of increased potential profit. Where the bettor speculates that the total score by both teams/players in a game will be more or less than the level posted by the bookmaker. A specific type of Multiple bet combining three selections in a 10 combination bet; three doubles, one treble and three up-and-down single stakes about pairs.

Non-redeemable bonuses are those where the original bonus amount will never be transferred to your Cash Balance . When You deposit your own cash, this will be added to your account’s “Cash Balance”. You may withdraw any sums in your Account’s Cash Balance, but You will forfeit any sums remaining on your Bonus Balance if you do so. Important notice, by creating a payout request you automatically forfeit any sums on bonus balance. Even if payout request is cancelled by our finance department due to one reason or another (e.g., fraud check etc.), bonus money will not be added back to your Bonus Balance.

7.17 If a User makes a cash withdrawal request while they have an active bonus in place, any bonus funds in a User’s bonus funds Account wallet shall be forfeited. 7.11 If we are satisfied that you have complied with the Terms, all AML and fraud-screening requirements, and all rules relating to the Services and any related bonuses, the payout shall be made to you. The manner in which the withdrawal is processed may be restricted, depending on the means by which the initial deposit was/were made to the applicable Account. Without limiting the foregoing, we reserve the right to conclude your withdrawal request by an alternative method or process and in multiple tranches at our discretion. 7.5 Neither we nor any of our service providers shall be under any obligation to accept your Deposit Request and we shall notify you if your Deposit Request is rejected. If your Deposit Request is accepted, we shall ensure that funds equal to those specified in your Deposit Request are credited to your Account within a reasonable period of time.

A bet delay may occur when validating an Edit My Bet request. If the price changes or a market is suspended during this time, the Edit My Bet request may not be successful. A type of racing that involved fences, ditches and jumps.

The exchange operator takes a small percentage of winning wagers. This is often seen as the most efficient market for sports betting. Alternate Lines – All sportsbooks offer lines on sporting events. Some sportsbooks may offer different point spreads that pay different odds for the same game. These provide bettors more options to wager on certain games. The cost of placing a bet calculated by summing the implied probability and subtracting from 100, the measure of a fair market.

Because of this bettors must understand the concept of a value bet in order to profit. Whichever format odds are written in, they all have an equivalent in another format. While some sites, such as William Hill’s Jersey sportsbook, allow bettors to change odds formats, it is useful to understand how to calculate odds between formats. Not only will this help you understand your potential return, but it also makes it easier to compare betting odds across sportsbooks.