The sports betting vocabulary is quite extensive and doubts naturally arise about the meaning of certain words or terms. This often ends up hindering the player's development or strategy, as there is a lack of understanding about what it represents, whether in some text or even inside the bookmakers. As our mission is to help the gambler's life, today we will show some basic terms that we necessarily need to be connected to.
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Those who have been on this journey for some time may not experience so many difficulties, however, for those who are just starting out, the language of betting is a little demanding, and if they are not familiarized, their preparation and study will be very difficult. So stay tuned in the list below, as you'll see these words all over the place.
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Banking: is your account at the bookmakers, where your money is. When receiving bankroll management advice, know that your finances are what we are talking about.
Stake: is a certain bankroll value placed on a bet, either percentage or fixed value. If your bankroll is at $500 and you decide that your stake to bet is 5% of your bankroll, that means you will bet $25 on a certain event. This helps to keep control and good management of your money, without going crazy and losing everything.
Break the bank: when you go to zero, you lose all your money on the betting site, in other words, bankruptcy.
Tipster: This term means punters who give advice and tips about betting. There are profiles, channels and tipster sites, that is, places where you receive betting tips by paying a certain amount (monthly fee).
Punter: is a gambler style. Here usually the player places a bet before the match starts and waits for the final result to see if it was successful.
Trader: another gambler profile. He performs operations during the game, betting and ending bets at all times, depending on what is going on in the game.
Free Bet: are free bets that bookmakers offer. When you receive a free bet, it means that you will have an amount to bet offered by the site where you are registered.
All in: put all your bankroll money in a single bet. It is a practice that many gamblers do, looking for quick profits, but it is extremely dangerous and not advised. When you start reading about betting, you'll see that this is one of the biggest mistakes ever made.
Market: these are the various betting options within a game, separated by the characteristics of the event. Ex: within a football match there will be corners, goals, cards, match results, special bets on players. Many players specialize in certain markets.
Odd: are the probability for a certain event to happen. It means those values placed on each probability, showing what the return will be if it comes out the winner. Ex: Real Madrid's victory is with Odd 1.50. You will multiply this amount with the money wagered. $100 x 1.50 = $150 return, if the Spanish team wins the three points.
Over: means “more than”. Over 2.5 goals = At least 3 goals must be scored. It is always referring to the amount upwards.
Under: means “less than”. Under 2.5 goals = only 2 goals can be scored to be the winner. In other words, here the business is always to hope that it is for less.
Back: bet in favor of a certain event. Ex: Back Barcelona = bet Barça wins.
Lay: bet against a particular event. Ex: Lay Liverpool = bet the English team will lose.
Delay: are those seconds of delay between the TV broadcast and the betting sites. When the bookmaker suddenly blocks a certain operation within a game, it's probably because something happened in the game. Sometimes 5 seconds goes by and the goal comes out on TV.
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