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Terms when participating in betting

19/11/190

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Terms when participating in betting


With only a few letters in the alphabet lớn go, we commend you for your pursuit of betting genius. You can no longer be considered a football betting newbie. Here we start at T and take you through the essential betting terms until we get lớn the end of the alphabet.


Terms when participating in betting


Tip/ Tipster


A tip is a selection chosen by an expert or someone who believes they have superior knowledge of an event. It may be that this soccer vip tip comes from a pundit, an ex-footballer or someone just schooled in the form of teams. The person giving this tip becomes known as the tipster. This tipster is someone who gives away tips or sells them for money.


Tote Return


Tote Return is a term common lớn Pools betting. The tote return is the amount on a pool divided by the number of winning bets. It is how much you would end up winning if you were a part of the pool of bets.


A treble


is a single bet but one that has three selections. Therefore, you would want the result of three football matches lớn fall in your favour to receive any return on this bet at all. As the odds of this happening are low, then your profits should be high.


Tricast


If you bet on the first, second and third place in the EPL, then you would be placing a tricast bet.


Trixie


A Trixie is a type of permutation bet. The Trixie is a bet with four lines – with three doubles and a treble. You would be expected to place four stakes – a separate stake for each of the doubles and the treble. It is then possible lớn cover some or all your losses if one of the doubles or the treble is successful.


True odds


True odds are an accurate reflection of the probability of events, as reflected in the odd. The bookie will calculate the true odds before setting the actual odds. The difference is the margin for profit for the sportsbook- soccer tips betting pages provides us


Terms when participating in betting


Under


In under/ over betting, you are betting on a score lớn be below a certain number of goals. It is possible to tie such a bet, with it being neither under or over. When this happens, the bet is void – as if the wager has never happened.


Underdog


An underdog is a team that is expected lớn lose. Backing an underdog will get you better odds but obviously with a higher chance of losing out entirely. The trick: be sure of the underdog that is going lớn defy form.


Union Jack


A Union Jack is a form of permutation betting. It is a combination of eight trebles based on nine selections. It is called a Union Jack because of the pattern it makes when you draw a line between the choices.


Value


Essential to earning money on betting is the finding of value. This is the process of getting the best odds, and from this, the best returns.


Void bet


A void bet has been cancelled, and the stake returned to the punter. This is either because the event did not take place or because some of the company terms were breached.


Wager


Your bet!


Welch


Welching is when the bookmaker refuses to pay out on a fair bet. There are all sorts of protections and regulations in place to make this a rare event!


Winnings


The profit you have made from the bet, with the stake taken away. Remember you get your stake returned to you should your bet win.


X


X is the shortcode used to symbolise a draw or a tie.


Yankee


A Yankee is a permutation bet. You are attempting lớn cover four selections, with 11 lines. This means you are placing a stake on six doubles, four trebles and one 4-fold. If you turn this into a Yankee Patent, then you will also bet on each of the four singles – making 15 bets in total.


 

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