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A Guide to Common Soccer Betting Terms
Sometimes called parlay. A bet where the winnings from one bet are placed on the next bet. Winnings accumulate, giving a large theoretical return. In reality, not very profitable because it only takes one to lose and your whole bet is a loser.
A combination of bets that guarantees a theoretical gain without risk. These sometimes occur when a bookmaker offers a price that is not in line with the rest of the market. The opportunities do not last long as the bookmaker will adjust their prices accordingly.
A type of bet where a team receives a handicap makes the odds of beating the handicap around the peers and the odds of not beating the handicap around the peers. Popular in Asia.
A bet that has a good chance of winning. The odds are usually below 1.5 for these types of bets.
A place where people bet against each other. The exchange takes a commission from each winning trade.
The higher round that a bookmaker incorporates into the odds. For example, a typical football match will be 110% booked, which means that if you bet on all outcomes, you will lose around 10%. Very similar to payment which is defined as 100/book value. To calculate Book Value, just use this formula, Book Value = 1/outcome1_odds + 1/outcome2_odds + …
A person who accepts a bet.
Odds are expressed in decimal form, with the stake being included in the overall price. For example, a decimal odds of 3 is equal to a fractional odds of 2/1, because the bet is included in the first but not in the second.
An accumulator with 2 bets.
A bet that is offered in the 3-way market where you bet on 2 outcomes. For example, you can bet on winning or drawing at home. The odds are usually very low, but you have a much better chance of winning the bet.
Draw no bet.
A bet where the draw returns your stake. This is exactly the same as a +0 Asian handicap.
In each direction.
A type of bet where you can always win if your picks come in 2nd/3rd/4th depending on the market. The bet is split in 2, with half placed on an outright win and the other half on, say, the next 4 places. This is popular in horse racing but is used in football, in some markets, for example. First goalscorer.
Not to be confused with Asian handicaps. This is where a team receives a goal kick but the bet cannot stand. Three prizes are listed, one for the team giving the handicap, one for the team with the handicap and one for the handicap draw. For example, if a team receives a European handicap +1 and the match is lost by a single goal, the bet is still a loser, unlike Asian handicaps where stakes are refunded. A handicap of +1 is equivalent to an Asian handicap of +0.5, a handicap of -1 is equivalent to an Asian handicap of -1.5.
A bet where the odds are 1/1 fractional or 2 decimals. Basically you double your money if you bet on it and it wins.
Fixed odds betting.
This is where you know what you will win or lose when placing the bet. Your earnings and liability are “fixed”. Compare with spread betting.
This is a popular way of expressing odds in Britain. The stake is not included in the return. For example, 2/1 is equal to 3 decimal, because it only expresses the winning part of the bet.
Goal line, unders/overs, total goals.
All similar markets were centered on the total number of goals in a game. Under/Over usually means 2 goals or less for under and 3 goals or more for over. The goal line is practically the same as the unders/overs but the bet can be void. For example, if the goal line is 3, a match with 2 over few goals will win the unders, a match with 4 or more will win the overs while a match with exactly 3 goals will void the bet. Sometimes goal lines feature quarters, for example. 2.25, here is exactly 2 goals in the match, unders bet will win half, while overs will lose half. Total goals are usually expressed in 3 brackets, 0-1, 2-3 and 4+.
Half Time/Full Time, sometimes called double result.
This is where you bet on the results at half time and at the end of the match.
Make a bet.
This is what a bookmaker does when accepting a bet. It is possible to bet yourself on a betting exchange.
A bet where the odds are higher than peers.
The odds are good.
A bet where the odds are lower than the peers.
This is a bet where you predict the first goal and the correct score. The chances are good, but it is very difficult to get them correctly.
An increasingly popular betting method where the returns are not fixed. You are on the difference between what bookmakers define as spread and what you think will happen. For example, at the time of the first market objective, the bookmaker may offer a quote of 26 to 29 minutes. You can either go below (buy) or above (sell) this spread. If you bet less and a goal is scored in the 6th minute, you win 20 (26-6) times your stake. However, if he ends up being scored in the 80th minute, you will end up losing a lot of money.
Three or 1X2 bet.
Betting on a home win/draw/or away win. 1X2 because in betting shops you score 1 for a home win, X for a draw and 2 for an away win.
In Asian handicap terms, that’s where the bet is void. Void bets can also occur in other markets, for example in the first goalscorer market if your player is not on the pitch when the first goal is scored, the bet is void. Can happen if matches are postponed or abandoned.
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