1X2
1x2 stands for three different outcomes in a single bet.
American Odds
American odds are the preferred method of betting odds used in the USA and are different to how they are displayed in the UK.
Arbitrage
Arbitrage betting is a trading method that is commonly used on betting exchanges where punters take advantage of price disparities within the market.
Acca Insurance
This is a form of insurance given to bettors when placing an accumulator bet as it could result in having the initial stake returned.
Asian Handicap
Asian Handicap betting is primarily used in football and it is based on both teams being handicapped in preference to their form ahead of that game.
Against The Spread
This is a bet where you are backing a team to beat the points spread, rather than backing a team to win the game.
Accumulator
A large single bet made up of multiple selections - usually three or more. All selections must win for the bet to be a winner.
Ante Post
These are bets that are placed in advance of a sporting event taking place.
BTTS
This term stands for Both Teams To Score and is very popular in football accumulators.
Bumper
Another horse racing term, the bumper is a flat race held at a National Hunt meeting.
Betting Slip
A betting slip is where all the information of the bet you have placed is stored.
Back
This is just another term for bet when it comes to sports betting.
Bet Builder
This is a betting system that allows bettors to build their own bets.
Back Door Cover
This betting term is the act of having a successful bet with a very late goal or touchdown that sees you cover the spread.
Betting Limits
Betting Limits are set for the minimum and maximum amount of money you are allowed to bet.
Bad Beat
Bad beat is a term used in gambling to describe an unlucky and brutal defeat.
Banker
A banker is a bet which is supposed to see the heavy favourite win the game or race.
Bar
In horse racing, some horses are written off before the race starts and are classed as distant outsiders and they will not have their odds quoted.
Bet
A bet consists of a bettor placing money on an event in the hope that it becomes a winner.
Betting Exchange
A betting exchange is a format where punters can bet against each other.
Bookmaker
The bookmaker is the operator that you are placing your bets with.
Brace
A brace means scoring twice in sports matches.
Cash Out
This is a betting system that allows punters to cash out on their bet before the contest has ended.
Chalk
Chalk will be heard more in horse racing and is an American term for the favourite - meaning the bookmaker thinks this selection has the best chance of winning.
Closing Line
Closing Line is the term given to any particular odds that have been set.
Correct Score Betting
This is a betting market where the punter bets on what the actual score will be in the match they are betting on.
Commission
Commission is what the bookmakers take on any bet placed.
Clean Sheet
A clean sheet is when a football team in a game does not concede a single goal.
Double Bet
A Double Bet is where you make two selections and combine them into one bet.
Decimal Odds
Decimal odds is a way of displaying odds with a decimal point.
Draw No Bet
Draw No Bet turns your bet from a three-way outcome to a two-way one.
Dutching
Dutching is where the bettor backs up a bet on the favourite with one on the second favourite.
Edge
The betting term edge is a slang term for advantage.
Even Money
Even money is a term that means a punter will receive the same amount of money they wagered if the bet wins.
eSports
eSports is basically a video game event and is very popular in the world of betting.
European Handicap
The European Handicap is a handicap bet that can include the draw.
Each Way
Each Way betting sees two bets in one - the first is for the selection to win or score the first goal, while the second [art is for your selection to place in the top three or four.
Full Time Result
The full time result is the final outcome of a sports match after 90 or 80 minutes.
Free Bet
A free bet is one where you do not have to use your funds in order to use it.
Fixed Odds Betting
Placing a bet with Fixed Odds will see you keep those odds even if the market changes, so you will receive the same potential returns from when you first placed the bet.
Flat Racing
Flat Racing means a horse racing meeting with no jumps or fences.
Futures Betting
This format is wagers placed on events that will be settled later on in the season.
Favourites
In betting terms, the favourite is the team or player the bookmaker thinks will win.
Fractional Odds
Fractional odds are the most commonly used odds system in sports betting and will more often than not be the format you will see on every online betting site.
Hedging
Hedging is a method that allows punters to place multiple bets in an attempt to minimise any losses.
Half Time Result
This betting term relates to backing the outcome of the first half in a football or rugby match.
Heinz
Heinz is a betting market that sees you place 57 bets involving six selections.
Hat Trick
A hat-trick is a popular term in sport - especially football and rugby league.
IBAS
IBAS is an acronym that stands for Independent Betting Adjudication Service.
In-Play Betting
This sports betting term relates to placing bets when a match has already kicked off.
Implied Probability
Implied Probability is how the bookmaker sees each bet and how likely it will happen.
Joint Favourites
There can be more than one team or player who is favourite to win a competition - this is then called a joint favourite.
Long Shot
A long shot is the complete opposite to a favourite when it comes to sports betting.
Lucky 15
A Lucky 15 bet is a bet wagered with four selections.
Lucky 31
A Lucky 31 bet is a bet with five selections with 31 bets inside of it.
Lucky 63
A Lucky 63 bets will have six selections and 63 bets inside.
Lay
The term Lay is commonly found at betting exchanges where you are betting against another punter.
Lengthen
When you see the sports betting term 'Lengthen', it means the odds have gotten bigger than first predicted.
Middle
This is a betting strategy that sees bettors place bets on both sides of the same bet at different lines.
Moneyline
This is a form of bet that sees a punter back a team or player to win.
Maximum Bet
The maximum bet is the highest amount of money a punter can place on a single bet.
Minimum Bet
The minimum bet is the lowest amount of money that a bookmaker will allow a punter to wager a bet with.
Martingale
Martingale is a betting system where the bettor doubles the stake placed on a fresh bet after each bet is unsuccessful.
National Hunt
National Hunt is a horse racing meeting with jumps and fences dotted around the course.
Non Runner
Non Runner refers to a horse or greyhound that is scheduled to race but does not run in the end.
No Deposit Free Bet
A No Deposit Free Bet is a special offer created by online bookmakers that allows punters to receive a free bet without making an initial deposit.
Off The Board
Off The Board is a phrase used by bookmakers to indicate they are no longer taking bets for that game of sporting event.
Odds
The Odds are what you see next to each betting selection on the sports you are betting on.
Outright Betting
Outright betting is a sports betting market that sees punters bet on the winner of a tournament.
Outsider
An outsider is just another way of saying a selection is a Long Shot.
Overround
The term overround is used to describe a bookmaker's profit margin.
Placepot
A placepot is where you have to successfully pick a placed horse in the first six races of a meeting.
Palpable Error
A bookmaker will cancel a bet and claim it is a palpable error.
Parlay
A parlay is another betting term for an accumulator
Patent
Seven bets are included in a patent bet with three selections.
Pick ‘Em
This betting method is a game between two teams who are equal in terms of betting odds.
Punter
Punter is a name used for someone who is placing a bet.
Price
Price is just another term for the odds you see on the betting sites.
Place Betting
This term is mainly found in horse racing and it means a horse doesn’t need to win in order for you to win money.
Prop Bet
A prop bet is known as a proposition bet and is regarded as a novelty bet.
Return
The term return is used to describe your winnings or payout from a successful bet.
Request A Bet
Request A Bet is a form of special betting promotion that is run by bookmakers to make a punter’s betting journey more enjoyable.
Sharp
A sharp is a person or multiple people that are seen as professionals and use betting as a profession.
Spread Betting
A spread is basically prediction of what will happen in a specific market.
Stake
When you see the term stake, it means the amount of money you are placing on your bet.
Square
This term is given to a novice bettor.
Suspended Odds
This is another self-explanatory sports betting term, it means that the odds on a game or event have been temporarily suspended.
Terms And Conditions
The terms and conditions are very important when it comes to online betting. They ensure you fully understand each bookmaker and how the offers work.
Tipster
A tipster is someone who provides regular information on the outcome of sporting matches or tournaments.
To Win To Nil
A simple term that means backing a team to win the game without conceding a single goal.
To Place
When you make a bet to place, you are backing your selection to finish in the top two or three.
Treble
Making a bet with three regular selections is classed as a treble.
Underdog
The underdog is a team or player who the bookmaker feels has less of a chance of winning than its opponent.
Void Bets
Some bets are voided due to different reasons, a game could be abandoned or a selected player might be absent.
Yankee
This is a bet that consists of 11 bets with four selections in separate events.
The Best UK Sports Betting Providers In 2024
1.
Bet now
New customers only. 7 days to place qualifying bet of £10 at 1/1 (2.0) to receive 4 x £10 Free Bets. 7 day expiry. Exclusions apply. Stake not returned. 18+. T&Cs apply.
2.
£25 Free Bet
+ 25 Free Spins
Bet now
New UK/IE customers only. Sign up and place your first sports bet at offs of Events (2.0) or greater and if it loses, get a free bet equivalent to 50% of your first bet stake (min £10), to a maximum value of £25 plus 25 free spins on Gold Horsey Winner. Full T&Cs apply. 18+ / BeGambleAware.org
3.
£20 Back-Up Bet as Free Bet
Bet now
Min deposit £10, Max stake £10, Min Odds 1/1 (2.0); Max free bet £10; New players only
4.
Bet £10 Get £30 Surprise Bet
Bet now
New customers & 18+ only. Min. deposit of £10. Qualifying real money bet of £10. Min odds greater than or equal to 1.5 required. E/W bets excluded. Offer awarded immediately but could be issued the next working day in exceptional circumstances such as technical fault. Additional T&Cs apply. Please gamble responsibly.
5.
100% Profit Boost up to £100
Bet now
New reg only. Claim by placing a min deposit £10 via ‘My Offers’ page within 30 days. 7 days to stake max £10 in-play, min odds 1/1 (2.0). Max. extra winnings £100. Once claimed, 30-day expiry. Cashed out, System & EW bets do not qualify. Other Promotional Play Restrictions Apply. T&Cs apply.
Sports Betting Glossary - All The Important Betting Terms Explained
Sports betting is a minefield with different markets, types of bets and even odds formats. It is important to fully understand what every single betting term means in order to create a fulfilled betting journey. Providing Betting.co.uk readers with a sports betting term glossary is a nice and simple way to keep the bettor up to date with different terms and trends and make it easier to spot value in some of their bets. These glossary terms will appear on the majority of the
best UK online bookmakers. This sports betting glossary has been created in alphabetical form so each punter can quickly find the sports betting term they require more information about.
Sports Betting Glossary - Single Bets, Trebles, Bet Builders & Much More
This glossary is ideal for betting newcomers and experienced punters. Just because you have been betting for a number of years, you still might not be fully up-to-date with all the betting jargon. You might be aware of betting terms like single bet, multiple bets or trebles, but are you informed on the likes of Lucky 15, prop bets, off the board and what a palpable error is? One popular betting method is placing Bet Builders with a lot of online bookmakers pushing this way of betting out to punters. Bettors can choose from a number of markets and fill their betting slip up with a number of betting selections with all the odds being combined to make one big bet. If you are placing a football bet builder, you can add a wide range of markets including first goal scorer, match result, both teams to score, hat-trick scorers and even the number of cards. Before you start your betting journey with different markets, check out the glossary to see if you fully understand what you are betting on.
1.
Bet now
New customers only. 7 days to place qualifying bet of £10 at 1/1 (2.0) to receive 4 x £10 Free Bets. 7 day expiry. Exclusions apply. Stake not returned. 18+. T&Cs apply.
2.
£25 Free Bet
+ 25 Free Spins
Bet now
New UK/IE customers only. Sign up and place your first sports bet at offs of Events (2.0) or greater and if it loses, get a free bet equivalent to 50% of your first bet stake (min £10), to a maximum value of £25 plus 25 free spins on Gold Horsey Winner. Full T&Cs apply. 18+ / BeGambleAware.org
3.
£20 Back-Up Bet as Free Bet
Bet now
Min deposit £10, Max stake £10, Min Odds 1/1 (2.0); Max free bet £10; New players only
4.
Bet £10 Get £30 Surprise Bet
Bet now
New customers & 18+ only. Min. deposit of £10. Qualifying real money bet of £10. Min odds greater than or equal to 1.5 required. E/W bets excluded. Offer awarded immediately but could be issued the next working day in exceptional circumstances such as technical fault. Additional T&Cs apply. Please gamble responsibly.
5.
100% Profit Boost up to £100
Bet now
New reg only. Claim by placing a min deposit £10 via ‘My Offers’ page within 30 days. 7 days to stake max £10 in-play, min odds 1/1 (2.0). Max. extra winnings £100. Once claimed, 30-day expiry. Cashed out, System & EW bets do not qualify. Other Promotional Play Restrictions Apply. T&Cs apply.
Sports Betting Glossary - Get Involved With Welcome Offers And Bonus Deals
A lot of people sign up with new bookmakers in order to take advantage of their
welcome offers and bonus deals. That is no secret. When we produce content on welcome offers and bonuses, you will see betting terms like withdrawal limits, deposits, no deposit offers, qualifying bet and betting requirements. This glossary will explain those terms and much more. By the time you have studied this glossary, you will know everything you need to know about claiming welcome offers and bonus deals.
Sports Betting Glossary - Key Betting Terms For Sports
Bettors have plenty of sports to choose from when they are starting their betting journey. When you are searching through all the different markets, whether it be for football, horse racing, cricket, rugby league or boxing - you will see a range of terms. To ensure you do not get confused about what you are betting on, it is important to be educated on the different sports betting terms. You will see over and under markets that will see you place bets on the amount of goals or cards, choosing whether it is over or under a specific number. Other specific betting terms you will see while placing your bets could include Draw No Bet, Ante Post, Each Way, Cash Out and Spread Betting. All these mean something and this glossary will explain those terms for you.
Sports Betting Glossary Conclusion
This page is ideal for bettors who might not have the best of knowledge when it comes to sports betting terms. The brief descriptions will quickly inform the punter on a wide range of bets and terms to make sure everything makes sense and there is no confusion when placing bets. These betting terms are transferable to betting sites and
betting mobile apps. By checking out this glossary - which will continue to get updated - you will soon become a betting expert when it comes to sports betting terms. You will be able to know and understand every term needed to place your bets without getting confused.
1.
Bet now
New customers only. 7 days to place qualifying bet of £10 at 1/1 (2.0) to receive 4 x £10 Free Bets. 7 day expiry. Exclusions apply. Stake not returned. 18+. T&Cs apply.
2.
£25 Free Bet
+ 25 Free Spins
Bet now
New UK/IE customers only. Sign up and place your first sports bet at offs of Events (2.0) or greater and if it loses, get a free bet equivalent to 50% of your first bet stake (min £10), to a maximum value of £25 plus 25 free spins on Gold Horsey Winner. Full T&Cs apply. 18+ / BeGambleAware.org
3.
£20 Back-Up Bet as Free Bet
Bet now
Min deposit £10, Max stake £10, Min Odds 1/1 (2.0); Max free bet £10; New players only
4.
Bet £10 Get £30 Surprise Bet
Bet now
New customers & 18+ only. Min. deposit of £10. Qualifying real money bet of £10. Min odds greater than or equal to 1.5 required. E/W bets excluded. Offer awarded immediately but could be issued the next working day in exceptional circumstances such as technical fault. Additional T&Cs apply. Please gamble responsibly.
5.
100% Profit Boost up to £100
Bet now
New reg only. Claim by placing a min deposit £10 via ‘My Offers’ page within 30 days. 7 days to stake max £10 in-play, min odds 1/1 (2.0). Max. extra winnings £100. Once claimed, 30-day expiry. Cashed out, System & EW bets do not qualify. Other Promotional Play Restrictions Apply. T&Cs apply.
