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Sports Betting Dictionary – Complete Glossary

sports betting glossary

The betting market has its own language, which can confuse bettors, especially those who are just starting out. Thinking about it, we brought a sports betting dictionary to help you!

There are many different terms, including in English, but it is important to understand them in order to succeed in the world of betting.

So keep reading with us to learn all about the main terms of the sports betting market with an exclusive and complete sports betting glossary!

Browse through our index to find the explanation for the desired term more conveniently and quickly at any time!

Table of Contents

A

both score

The market both score represents bets that both teams need to score at least one goal in the match.

You can also find this market with the acronym BTTS (Both Teams to Score, or both teams score, in Portuguese translation).

Double bet

A double bet brings together two different betting options in the same game. That is, it is possible to select two outcomes in the same entry, without the need to place two different bets.

You can bet on team A winning and drawing at the same time, for example. In this case, you only lose if team B wins the match.

Multiple or accumulator bet

A multiple bet, also known as an accumulator bet, allows you to give hunches in three or more different markets at the same time.

In addition to placing bets on different markets, you can also choose different entries in the same match.

single bet

Unlike double or multiple bets, the single bet only allows one guess at a time.

This means that when you opt for a single bet, you can only select one market or one outcome per event.

Not all markets offer the possibility of double or accumulator bets, so it may be necessary to place a single bet.

However, it is worth noting that you can place several single bets separately.

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B

Banking

Bank, or Banca in translation into Portuguese, is the amount available in your account on the site for betting. That is, it is the total amount available in your balance.

Bet

Bet means bet in Portuguese, so the term indicates a bet.

back

Back bets are predictions made in favor of an outcome. For example, if in a Palmeiras x São Paulo match, you bet on “”back Palmeiras”, it means that your guess expects a positive result for the verdão.

bookmark

The Bookmarker or Bookie represents the company that offers bets on various events, that is, the bookmakers.

Bookie analyzes the statistics for each match and thus defines the odds for each result, always thinking about the house's profit.

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C

Cantos

Corners is the term used in the betting market to indicate corners.

Cards

The card market consists of guesses made about applying cards throughout a game. You can choose between the following types of bets:

  • total cards
  • Card for one player
  • Over/under of yellow cards
  • Red card

cash out

cash out is a feature provided by several betting sites, which allows you to withdraw your bet while the event is in progress.

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D

DNB (Draw No Bet)

A DNB bet, acronym for Draw no Bet (an English term that means “draw cancels bet”, in Portuguese).

This market offers extra security to the bettor, since the bet is canceled and the money invested is returned if the match result is draw.

double chance

Also known as double chance, the double chance market is another name for double bet. In this type of bet, it is possible to choose more than one outcome to bet on.

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E

asian corners

Os asian corners represent the market on which the bet is placed based on a predetermined number by the bookmaker.

In this market, the guess will be whether the total will be greater or less than the disclosed number.

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F

fair line

fair line is the process of analysis that a bettor does to determine what is the fairest odd in a given betting market.

Freebet

Freebet means free bet and is a benefit offered by some bookmakers on specific promotions or events.

FT (Full Time)

Full Time means "total time" in the translation into Portuguese and represents the total time of a match.

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G

Green

The term green in bets is very positive, as it means you got the result right. It is very common to hear the phrase “Green!”, which represents the success of the bet.

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H

Handicap

Handicap means disadvantage in translation into Portuguese, but in the betting market it represents the difference in points or goals between teams, which can be favorable or not.

To complement the definition of the term in our sports betting dictionary, you need to know that there are some types of handicap:

  • European handicap: o model European handicap allows you to bet on the winner of the match or on a draw. Access our article on european handicap para saber corn.
  • Asian Handicap: in the Asian model, your guess should be who you believe will win. However, this type of bet returns the money invested if the match ends in a scenario considered a tie.
    Access our article on asian handicap to better understand the market.

HT (Half Time)

Half Time means "half the time" in Portuguese translation. In the sports betting market, the term represents all guesses made during the first half of the match.

Head to Head

Head to Head or H2H is the term used by some bookmakers to evaluate the history of head-to-head matches between teams.

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I

betting exchange

Betting Exchange, also known as Exchange or Betting Exchange, is a betting platform that allows punters to make predictions against each other. This is the case of Betfair, For example.

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J

Juice

Juice is the term that describes the profit margin of bookmakers. This commission happens regardless of the result of a bet, after all, the houses are companies and depend on these profits to function.

To arrive at this profit margin, bookmakers inflate the odds of a game, suggesting that a given outcome is more likely than it actually is.

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L

Lay

Lay bets are placed against an outcome. For example, if in a match Corinthians x Santos, you bet on “Back Santos”, your guess is that Santos loses the match.

Live

Live means "live", so the term represents that the event is happening at that moment and is available for betting.

LTD (Lay the Draw)

As we have seen, Lay are bets placed against a certain outcome. In the case of LTD bets, or Lay the Draw, it is the guess made against the draw.

That is, the bettor invests in the probability that the match will end with a winner and not in a tie.

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M

moneyline

Moneyline are bets placed on the winner of the match. It is also called a 1×2 market.

In this nomenclature, “1” represents the home team and the number “2” represents the visiting team.

Martingale

Martingale is a term used to represent a strategy that consists of betting twice if the previous bet was a loser. To better understand the concept, visit our article on martingale in bets.

margin of victory

The market margin of victory consists of betting on the exact number of goals to be scored by the team.

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N

Nap

The term Nap represents the best bet made by the bettor in a day.

does not concede a goal

The name here is pretty self-explanatory: betting on this market means expecting the team not to concede goals during the match. This type of bet is found in the “Clean Sheets” market.

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O

over/under

over/under means “above/below” in Portuguese translation. Betting on an odd over means that you believe that the result will be above the published by the house.

Betting on an under odd means that you believe the result will be below the presented value.

Odds

As odds are the bookmaker odds for each outcome. It points out how much you can earn with the bet.

To find out how much you can profit if you win, you need to multiply the odd by the amount bet.

Outrights

Also known as future bets, the outrights market consists of guesses made on events that have not yet happened.

Within this market there are several types of bets, the best known being the choice of the winner of the event. Usually, outrights bets are used for bigger championships, like Champions League, Europa League and World Cup, for example.

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P

Predictions or Pick

Predictions or picks are the guesses made by a specialized sports trader, with all the necessary background. Here at Shaftscore you will find prognoses made by professional traders.

First team to score

This is also a market with a pretty self-explanatory name. "First team to score" bets consist of guesses on which team will score first.

You can choose between three types of bets in this market:

  • Home team scores first
  • Away team scores first
  • No team scores when there are no goals.

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R

rollover

rollover represents a series of requirements that the bettor must meet before making withdrawals with some type of bonus applied.

The most common types of bonus offered by bookmakers are freebets and welcome bonuses, which represent an increase on the initial deposit amount.

Red Level

While Green represents a winning bet, the term Red represents losing bets. Therefore, the phrase “deu red” has a negative connotation for the bettor.

ROI

ROI is an acronym for Return of Investment, or Return on Investment, in Portuguese. The concept serves to calculate the proportion between gains and losses on investments made in betting.

This math is fundamental to good bankroll management. Learn how to do the calculation in practice in our exclusive article on ROI.

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S

Stake

Stake represents the amount invested by the bettor in a given bet.

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T

Ticks

A tick represents one hundredth of an odd. It is common to hear phrases like “that odd rose by 5 ticks”.

Tips

Tips are guesses made without basis or explanations.

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U

Underdog

Underdog is the opposite term for favorite, usually representing an “underdog” or “zebra”.

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V

Win both times

This market considers whether the team won both halves of the match. That is, if she left in front of the opponent both in the first and in the second half.

Void

To finish off our sports betting glossary, let's talk about Void. The term used when a bet is voided or returned. Also known as push.

After checking this sports betting dictionary, it's much easier to understand the terms, isn't it?

Over time, you will become more and more familiar with the language of the betting universe and also better understand the concept of markets. So be patient and consult our sports betting glossary whenever you need it!

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