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All Betting Terms Explained

Understand the betting jargon with our comprehensive dictionary of betting terms, covering everything from arbitrage to yield.

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A-Z Betting Lexicon:

- Account: A registered platform where a user can manage bets, transactions, and personal details.
- Action: Participation in betting activities.
- Arb: A scenario offering a guaranteed profit regardless of the outcome, derived from discrepancies in bookmakers' odds.
- Arber: An individual who engages in arbitrage betting.
- Asian Handicap: A betting format that provides a more balanced betting environment through fractional or decimal handicaps.

B-E Terms:

- Bad Beat: A bet that seemed destined to win but ultimately lost.
- Bet: The act of wagering money on a particular outcome.
- Betting Exchange: A marketplace facilitating peer-to-peer betting, where users can both back and lay bets.
- Bettor: Someone who places bets.
- Bookie: Informal for a bookmaker or a platform accepting bets.
- Cancelled Bet: A voided wager with returned stakes.
- Chalk: The favorite in a matchup.
- Corner: In soccer, a bet on the number of corner kicks.
- Correct Score: A bet on the exact final score of a match.

F-J Insights:

- Favorite: The competitor or team most likely to win.
- Forecast: A prediction about an event's outcome.
- Fulltime: Refers to the entire duration of a match.
- Goal: Scoring point in various sports, pivotal in total and handicap bets.
- Halftime: The midway point of a game.

K-O Nuances:

- Live Betting: Placing bets on events already in progress.
- Lock: A bet considered certain to win.
- Margin: The bookmaker's built-in profit on offered odds.
- Middle: A strategy betting on two outcomes where both can win under certain conditions.
- Moneyline: A straight-up bet on the winner of a match.

P-T Explained:

- Parlay: A single bet combining multiple selections, all of which must win for the bet to pay out.
- Payment/Payoff: The process or amount received from a winning bet.
- Prediction: An educated guess on the outcome of an event.
- Stake: The amount of money placed on a bet.
- Total Over/Under: Betting on whether the total points or goals will be over or under a specified number.

U-W Definitions:

- Underdog: The competitor or team considered less likely to win.
- Value Betting: Identifying bets that offer higher odds than their true probability.
- Vig (Vigorish): The bookmaker's commission on bets.

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