Soccer betting in an online casino is the easiest and pays out the most money of all the sports bets. It’s easy because there are only three possible outcomes: a home win, an away win, or a draw. For a total goal bet, you could only choose Over or Under.
Accumulator: Also called a “parlay.” A type of bet in which the money won from one bet is put on the next bet. Since the winnings add up, the theoretical return is high. In reality, it could be more profitable because if you lose just one, you lose the whole bet.
Arbitrage: A set of bets that theoretically guarantees a profit with no risk. It can happen when one bookie sets a price that isn’t in line with the rest of the market. Chances last only a short time because the bookie will change the prices to match.
Asian Handicap: One team is given a “handicap,” which makes the odds of beating the handicap about the same as the odds of not beating the handicap. Popular in Asia.
Banker: A bet that is likely to come out on top. Most of the time, the odds for these kinds of bets are less than 1.5.
Betting Exchange: This is where people make bets against each other. The exchange takes a cut of each trade that wins.
Book Value: The over round is the part of the odds that a bookie adds. A typical football game, for example, will be booked to 110%, which means that if you bet on all possible outcomes, you’d lose about 10%. Very similar to payout, which is 100/book value. Use this formula to figure out the value of a book: Book Value = 1/outcome 1 + 1/outcome = 1/odds 2 odds +
Bookmaker, Bookie: A person who agrees to take a bet.
Decimal chances: The odds are written as decimals, and the bet is part of the total price. For example, the odds of 3 in decimal format are the same as that of 2/1 in fractional format. Then the stake is included in the former but not in the latter.
Double: A bet that adds up to more than one.
Double chance: A bet on the three-way market in which you bet on two outcomes. You could, for example, bet on the home team to win or draw. Most of the time, the odds could be better, but you’re much more likely to win the bet.
Draw no bet: If the bet ends in a tie, you get your money back. It is the same as an Asian Handicap of 0 points.
Each Way: A bet in which you can still win if your pick comes in second, third, or fourth place, depending on the market. Half of the bet is put on a straight win, and the other half is put on the following four places. It is a popular way to bet on horse races, but it is also used in some football markets, such as “first goal scorer.”
European Handicap: Don’t mix up this with Asian Handicaps. It is when a team gets a goal head start, but the bet can’t be tied. Three prices are given: one for the team that gives the handicap, one for the team that gets the handicap, and one for a draw.
For example, if a team is given a +1 European handicap and loses by one goal, the bet still loses. With an Asian handicap, the stakes are returned if the team loses by one goal. A handicap of +1 is the same as an Asian handicap of +0.5. A handicap of -1 is the same as an Asian handicap of -1.5.
Evens: The odds for this bet are 1/1 fractional or two decimals. If you bet on this and it wins, you double your money.
Fixed odds betting: is when you know what you will win or lose when you place your bet. Your wins and losses are always the same in contrast to spread betting.
Odds in fractions: It is common for people in Britain to talk about the odds. The amount you bet is not part of the return. For example, 2/1 is the same as 3 decimals because it only shows the part of the bet that wins.
Goal line, Unders/overs, total goals: All similar markets were based on the number of goals scored in a game. Most of the time, “unders” means 2 goals or less, and “overs” means 3 goals or more. The goal line is almost the same as “unders” or “overs,” but the bet can end in a draw. For example, if the goal line is 3, a game with 2 goals over a few wins the unders, a game with 4 or more goals wins the overs, and a game with exactly 3 goals makes the bet void.
Sometimes the goal lines have quarters in them, like 2.25. It means that if there are exactly two goals in the match, the unders bet will win a half, and the overs bet will lose half. Most of the time, total goals are shown in three brackets: 0-1, 2-3, and 4+.
Halftime/full-time is also known as a double result: Here, you bet on the score at halftime and the end of the game.
Lay A Bet: When he agrees to take a bet, a bookmaker does this. On a betting exchange, you can lay your bets.
Odds Against: A bet with odds that are better than evens.
Odds: A bet with odds that aren’t even.
Scorecast: It is a bet in which you pick the correct and first goal scores. Chances are good, but it takes work to get these right.
Bets on the spread: A way to bet where the returns need to be set that is becoming more and more popular. You bet on the difference between the spread that the bookmaker sets and what you think will happen. For example, the bookie might give a quote of 26-29 minutes for the time of the first goal.
You can either go under this spread (buy) or over it (sell). If you bet under and a goal is scored in the sixth minute, you win 20 times your stake (26-6). But if it ends up being scored in the 80th minute, you will lose a lot of money.
Bets on all three outcomes or 1X2: You can bet on a home win, a tie, or an away win. 1X2 because you mark 1 for a home win, X for a tie, and 2 for an away win in a betting shop.
Void bet: In terms of the Asian Handicap, this is where the bet comes from in betting. Void bets can also happen in other markets. For example, in the first goal scorer market, the bet is void if your player isn’t on the field when the first goal is scored. It can happen if a match is canceled or put off.