Glossary / Dictionary of Online Sports Betting Terms

Find out below the main terms used in the sports betting online.

Accumulator
A bet made up of several different selections. To win, all selections included must be correct.

ACCA
Shorthand for referring to an accumulator.

All-in
When the bettor invests all his money in a single round.

Technical Analysis
A method of predicting future results of an event, based on the analysis of past behavior. It is common in trading on betting exchanges, where the movement of odds is predicted based on historical patterns.

Bet
The action of placing money on a sporting event with the aim of trying to predict the outcome.

Accumulator Bet
Combining two or more bets into a single bet. Also known as a combined bet.

Bet Void
When a single bet is invalidated and cancelled.

Arbitrage Betting
Technique where the bettor takes advantage of the variation in odds between different bookmakers, guaranteeing profit regardless of the outcome of the event.

Value Bet
Market choice where the odds offered are greater than the real probability of the event happening, according to the bettor's analysis.

Bet Returned
When a bet is neither won nor lost, and the stake is returned to the bettor.

Pre-live Bet
Bets placed before the start of the game, taking advantage of the best odds available in advance.

Bet in Favor
Placing a bet believing that a certain event will occur.

Live Betting
Place bets while the event is happening, with the odds adjusting in real time as the event unfolds.

Betting Against
Betting that something won't happen.

Arber
A bettor who uses the arbitrage technique, betting on different results on different sites to guarantee a profit.

Arbitration
A set of bets placed on different outcomes of the same event, across multiple bookmakers, to ensure profit regardless of the final result.

Back
The act of supporting an event by betting on its occurrence. Also known as a back bet.

Back Testing
Analysis of the past performance of a betting strategy to determine its profitability and investment viability.

Bad Beat
Sequence of lost bets by the same bettor.

Bank
Total amount of money available to a bettor at a bookmaker.

Banker
Bet considered extremely safe and with a high probability of winning.

Bankroll
Balance available for betting on a betting site.

Betting Exchange
Platform that allows bettors to place bets against each other.

Bookie
Abbreviation for bookmaker, or betting house.

Bookmaker
A person or company that accepts bets from gamblers.

Bookmaking
Activity of accepting bets on different outcomes, distributing the bets in such a way as to guarantee a profit.

Bot
Software that automatically executes bets based on predefined criteria such as statistics and market variations.

Bore Draw
Term describing a game that ends 0-0.

Breakouts
They indicate a period of intense activity in the market, where a large number of bets change the trend.

BTTS
Short for “Both Teams To Score”, where you bet that both teams will score at least one goal during the match.

Buck
A bet worth $100.

Betting House
Registered and licensed company that accepts bets on various events, calculating the potential profit based on the odds offered.

Chasing
Attempting to recover losses by increasing the amount of bets after a loss.

Cash Out
A feature that allows you to close a bet before the end of the event, guaranteeing profit or minimizing losses.

Cashback
Promotion where the bookmaker returns the amount bet in case of loss.

Circled Game
Game with severe betting limitations, either due to restrictions on the amount or on the selections allowed.

Choke
When a nearly won bet is unexpectedly lost.

Combination
Combining several bets from different games into a single bet.

Combo/Combined/Multiple
Bets made up of several selections, where the odds are multiplied, increasing the potential return.

Cover
Place a new bet on a different outcome to minimize risk.

Correct Score
English term for the “exact result” market.

Match Bet
The act of investing in the market for the sake of it, hoping that a trader will make a bet against it, allowing the bet to be placed in the market.

Kelly criterion
Betting system that uses the estimate of the real probabilities of success to determine the amount to be bet, maximizing bankroll growth.

Dead-Heat
When two competitors finish exactly tied and cannot be separated for betting purposes.

Decimal Odds
Odds expressed in decimal format, representing the total return (stake + profit).

Delay
Signal delay between TV and betting site.

Transmission Delay
Delay in the transmission of an event from the time it occurs until it is viewed by the viewer.

Sawtooth
Odds graph showing constant variations over time, forming a sawtooth pattern.

Deposit
Transferring money from a bank account to a betting account.

DNB (Draw No Bet)
Bet where the amount is returned in the event of a tie.

Dog
A bettor who prefers to bet on underdogs.

Draw
Draw.

Draw No Bet
Market where bets are returned if the game ends in a draw.

Drift
Increased odds.

Double Chance
Betting market that covers two of the three possible outcomes of an event, increasing the chance of winning.

Dutching
Betting on several outcomes simultaneously, distributing the amount in such a way as to guarantee a profit regardless of the outcome. Technique of covering several possible outcomes of a game, making the calculation manually.

EcoPayz
Online virtual wallet used to deposit and withdraw money from bookmakers.

Edge
Advantage a person has when it comes to sports betting.

EV (Expected Value)
Metric that indicates the average value that a bet should yield in the long term. In translation, EV stands for Expected Value.

Exhibition
Amount of money a bettor risks losing on a bet.

Reduction Factor
Adjusted value for horse racing bets to reflect changes in racing conditions.

Favorite
Participant with the lowest odds, indicating a higher probability of winning. The team or player considered most likely to win a given sporting event.

Flat
Horse racing on tracks without obstacles.

Forecast
Prediction type bets, on the combination of two events: who finishes in first place and who finishes in second place in the same event.

Freebet
Risk-free bet, where you make a profit if the team wins, without losing the amount bet in case of defeat.

Blank Sheet
Term referring to a team that does not concede goals during the game.

Gap
When there is a gap in the odds available in the market, without a continuous sequence.

Bankroll Management
Strategy for managing funds available for betting, aiming to maximize profits and avoid significant losses.

Goal Odds/Even
Bet where you choose whether the number of goals in a match will be odd or even.

Green
Gambling slang meaning that the bet was a winner or that the bettor came out on top.

GreenBook
Guaranteed profit regardless of the final result, obtained through the purchase and sale of bets at different odds.

Greening
Distribution of profits in order to guarantee gains regardless of the result, without considering losses.

Half Time
Bets placed on the first half of an event.

Handicap
A type of bet where one participant is given an initial advantage, and the final result depends on whether that advantage is overcome. Popular in Asia, this is a type of game where you bet on whether the score will be over or under a specific number.

Asian Handicap
A bet that balances the chances between two teams or players, eliminating the possibility of a draw.

European Handicap
Market where the advantage is given to the underdog or subtracted from the favorite.

Hedge
Divide the profit equally between all possible outcomes, ensuring a profit regardless of the final result.

Hedging
Risk reduction by placing a new bet at different odds to ensure a positive outcome or minimize losses. Betting on both teams to minimize losses or ensure a small profit.

High Stake
High value bet.

Hurdle
Horse racing with hurdles.

In-play Betting
Betting on an event that has already started.

Halftime / Final Result
Bet on the result of a game at half-time and at the end, where both predictions must be correct.

Juice Bet
Bet combining odds with a high probability of success.

Lay a Bet
Betting that something won't happen.

Lay Draw
Technique of betting against a draw.

Lay
English term for “against”. Betting against a certain event. Example: in a game between Atlético-MG x Botafogo, betting on Atlético-MG to lose.

Law of Large Numbers
Principle where, with the increase in the number of attempts, the average results tend to approach the theoretical expectation.

Liability
Amount the bettor risks when placing a lay bet.

Liquidity
The amount of money invested in a given event. The higher the liquidity, the easier it is to match bets.

Live Bet
Bet on an event that has already started.

Live Betting
Bet placed in real time during an ongoing sporting event.

Betting Book
Sum of the odds for each selection in a betting market.

Longshot
An unlikely winner.

Loss
Loss, in English.

Low Stake
Low value bet.

Margin
Percentage that the bookmaker receives from the movements made by players.

Martingale
Strategy that consists of betting double the amount if the previous bet was lost.

Match Odds
Odds market for the result of a match at the end of regular time.

Market
Set of betting options available for a specific event.

Antepost Markets
Markets available for betting weeks or months before an event, usually on horse or greyhound racing.

Position Markets
They allow you to bet for or against the final position of a selection in an event.

Money Management
Banking Management.

Moneyline
Type of bet where the winner of a sporting event is chosen. Traditional in online betting.

Multiple
A bet that combines several selections into a single bet, with odds resulting from the product of the individual odds.

NAP
A tipster's best bet on a given day.

Null
Bet void.

Odd
Value that represents the probability of an event occurring. Also known as a quote.

American Odds
Odds used primarily in the US, presented as positive or negative numbers indicating how much to win with a bet of $100 or how much is needed to bet to win $100 respectively.

Decimal Odds
Odds expressed as a decimal number, representing the total return (bet + profit).

Fractional Odds
Odds expressed as a fraction, where the numerator represents the potential profit and the denominator the amount bet.

Outsider
Competitor with low probability of victory.

Over Goals
Bet on the total number of goals scored in a football match.

Over/Under
Betting on whether an event will occur above or below a set threshold, such as goals in a match.

Overround
Guaranteed profit for the bookmaker when matching 100% of the odds of an event.

Overs
Part of the over/under market, where you bet that the event will occur more times than the defined limit.

Guess
Betting suggestion for a sporting event, usually without detailed explanation.

Parlay
Another word for multiple bet. Combining several single bets into one for a larger payout.

Hit Percentage
Ratio between the number of winning bets and the total bets placed, expressed as a percentage.

Weight of Money
Expression that shows how money is flowing in a betting market and how this affects the odds.

Plain Strategies
Betting method that follows pre-defined rules, without considering subjective factors.

Price
Odd, probability, quota, share.

Projected Starting Price
Starting Price, used mainly in traditional betting, set by bookmakers.

Probability
Odd, probability, quota, share.

Prognosis
Detailed analysis of an event, including statistics and trends to predict the outcome.

Pulled Up
When a jockey gives up on continuing a horse race.

Punter
A bettor who places a direct bet on an event and waits for the final result to find out whether he won or lost. Also known as a gambler.

Share
Odd, probability, quota, share.

Quinella Bet
Common bet on horse and greyhound racing, where the first two finishers in any order are predicted.

To break
When the trader or punter loses all the money bet on the site.

Rating
Assessment of team strength based on internal and external factors to predict the outcome of a game.

Red
Lost bet.

Resistance
Value where there is sufficient volume to prevent a temporary rise in odds.

Responsibility
The amount a bettor risks when placing a lay bet.

Return on Investment (ROI)
Amount of money won in relation to the amount wagered.

Rollover
Minimum amount that must be wagered before you can withdraw bonus winnings at a bookmaker.

Sawtooth Wave
Sawtooth.

Scalping
Trading characterized by cycles of opposite bets with small variations.

Scratching
Close a trade with neither profit nor loss.

Spread
The number of points by which a team is favored or underdog over its opponent. Bettors can bet on the team to cover the spread.

Spoofing
Adding money to one side of the market to cheat other bettors into cashing out before being matched.

Spread Betting
Bet where you bet on whether the result of an event will be higher or lower than a spread defined by the bookmaker.

Stake
Amount of money bet.

Steam
Rapid drop in odds due to sudden increase in bets.

Steamer
Term for a horse whose odds are rapidly decreasing due to receiving too many bets.

Strike Rate
Percentage of success.

Streak
Continuous series of victories or defeats.

Stream
Service of websites that broadcast live matches.

Surebet
Bet where there is certainty of winning, regardless of the result.

Swing
Trading characterized by cycles of contrary bets with large tick variations.

Teaser
Handicap or total selections combination bet on American football and basketball, with fixed odds.

Tick
Smallest variation that an odd can have.

Tick Offset
Trading software functionality that automatically places a bet to close the trade once the initial bet is matched.

Time Bomb
Moment when the odds in a match rise or fall suddenly and quickly.

Tip
Betting prediction suggested by a third party.

Tipster
Person who provides betting tips and predictions.

Tissue Price
Odds based on ratings converted to probability.

Trader
A person who trades. A bettor who seeks to profit from an event regardless of the outcome.

Sports Trader
Professional who uses techniques and strategies to make a profit in the sports betting market.

Sports Trading
Activity of a sports trader, using techniques and strategies to profit from sports betting.

Totals
Betting on the total number of events in a game, such as goals or points.

Trading
Buying and selling bets at different odds in the same market.

Trixie
Bet that includes 4 bets on three selections.

Underdog
Participant with the lowest probability of winning, known as “zebra” in Brazil.

Unders
Part of the over/under market, where you bet that the event will occur fewer times than the defined limit.

Underlay
Odds that do not reflect the true probability, favoring the bookmaker.

Unit
Standardized measure used to represent the value of the bet in relation to the bankroll.

Expected Value (EV)
Metric to calculate the average value that a bet should yield in the long term.

Exposed Value
Potential losses a bettor faces when placing a bet.

Support Value
Value where there is sufficient volume to prevent a temporary drop in odds.

Value Bet
Bet identified as advantageous in relation to the odds offered by the bookmaker.

Vigorish
Commission or fee charged by the bookmaker on winning bets.

Void Bet
Bet cancelled due to specific circumstances, with the amount returned to the player.

Weight of Money (WOM)
Expression that shows how money is flowing in a betting market and how this affects the odds.

Wincast
Bet where you select a team to win and a player to score during the game.

Yankee
Bet that includes 11 bets on four selections.