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SPORTS BETTING INDEX was founded in 2000 to help punters with all aspects of internet betting as the phenomenon of online gambling took off.
Whilst the site has changed and developed over time the core beliefs remain the same: being independent, honest and open.
If you are ever confused by some of the terminology bookmakers use for multiple bets etc then this simple glossary should help you find the answer
A multiple bet on a series of outcomes, all of which have to be correct for the return to be paid.
Ante Post
A bet that is placed on a future event if your selection does not take part in the event the bet is deemed lost
Asian Handicap
Asian Handicap Betting removes the chances of a draw sides are awarded anywhere between a fraction of a goal start to 3 goals
Credit Bet
A bet accepted by a bookmaker where no cash has been deposited.
A bet on two events. Both of which must be successful for the punter to win.
The return for a single winning unit
Debit Bet
No cash is exchanged in this debit bet but the bookmaker has the right to debit the punter's bank account.
Each Way
This is a common bet that allows the punter to place a stake of equal amounts on his selection either winning an event or being placed, usually in the top three or four dependent on the size of the field. The price for the placed aspect of the bet is usually 1/4 or 1/5 the odds for an outright win.
The team or individual the bookmakers rate as most likely to win the event.
A racing bet that allows the punter to predict the order of the first two horses (or greyhounds).
Some bookmakers may well group all the outsiders in a competition under the banner headline of 'field' and put it head to head with the favourite. This is known as favourite vs the field betting and is common in horse and golf betting.
A goliath is a multiple consisting of 247 bets involving 8 selections in different events. The bet breakdown is 28 doubles, 56 trebles, 70x4-folds, 56x5-folds, 28x6-folds, 8x7-folds and one 8-fold.
a Heinz is a multiple consisting of 57 bets involving 6 selections in different events. The bet breakdown is 15 doubles, 20 trebles, 15x4-folds, 6x5-folds and one 6-fold.
When a bookmaker accepts a bet - they will say they have laid Tiger Woods if they have taken a bet on him
A newspaper corrospondents best bet of the day.
Odds Compiler
The person working for the bookmaker who sets the odds
Refers to a price where you have to stake more than the amount you expect to make as profit.
When the amount you win is more than your stake.
Off the Board
A term used to show the bookmaker is no longer accepting bets on an event.
Bookmakers set their odds according to percentages, the lower the percentage, the better deal the punter is getting. If the bookies were not aiming to make a profit, they would operate at 100% but because they want to make money from bookmaking they typically operate at 110% with their prices.
The start that the favourite gives to the underdog mainly quoted in US sports.
The simplest type of bet to have.
A horse backed significantly on the morning of the race, causing its odds to shorten markedly.
Spread Betting
A volatile type of betting that could see the punter reap huge returns of equally large losses.
The sign language in which bookmakers communicate with each other on the course.
A bet where three selections are chosen and all three events must win for the punter to collect his return.
Two and Three Balls Betting
A golfing bet that involves predicting which player from either a group of two or three will shoot the lowest score over 18 holes.
Signifies to a punter that the bookmaker is offering better than his true odds.
The term used for a bet that consists of four selections, combining them into six doubles, four trebles and one fourfold - i.e. eleven bets.
72 Hole match bets
A special wager, where the bookmaker will match up two golfers with the winner being the player who shoots the lowest score over the tournaments 4 rounds.
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