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The athlete, player, team, individual, greyhound, horse, etc, that the punter has their bet on. Stake What is a betting stake? The amount being put down or placed by the bettor on the bet. Stake units refer to the value of each part of the stake in a multiple bet.
Starting Price SP What is the starting price? The final odds on a selection at the point the race starts. Tips What are betting tips? Also referred to as picks, these are predictions shared with the public, or indeed paying punters in some instances, by betting experts.
These experts are also called tipsters. Tote bets What are Tote bets? Estimated returns or dividends for successful bets are available beforehand, but the actual amounts to be paid out are only finalised after the race when all the money has been put in. Winnings The amount earned from a successful bet profit on top of the returned stake. X What does X mean? Stands for a draw in a 1x2 bet such as those on full time results football matches. Bet Types There are many different types of horse racing bets that you can choose from.
The number of options make wagering on the horses more enjoyable to horse racing fans, although the range in bet types and even just the name of some bets can seem confusing to a beginner. However, the objective of each bet type remains the same, money is placed on a horse or horses to finish in a specified position and if the outcome is what you predicted then you win.
The amount of winnings depends how much was staked and the odds the bet was taken at. Punters that are new to horse racing will usually stick to the most basic bet types. These bets usually involve making just one selection. What is a single bet? In this situation you can back the horse to place. What is a place bet? By making a place bet there is a greater chance that you will be successful however the odds for a horse to place are lower and therefore the pay out will be less than if you had backed the horse to win.
Punters could also choose a bet type which gives them the opportunity of a large pay out from a win bet and the security of a place bet. What is each way bet? As you become better at picking winning horses then you may want to try a more complex bet. What is a Straight Forecast?
What is a Reversed Forecast? To increase your chances of success even more you can choose more than one selection for first and second place. What is a Combination Forecast? Here you may have 3 or more selections and will need two of them to fill the first two places, in any given order. Forecast bets are more challenging but the potential returns are also greater. For the chance to see even more value from your bet you can also select which horses will finish in the first three places in the race.
What is a Tricast? What is a Combination Tricast? As well as betting on more than one runner in a race you can also select horses from different events. For example you could back one horse in a race at Doncaster and one in at a race at Ascot. What is a Multiple bet? What is a Double bet? What is a Treble bet? What is an Accumulator? The stake and return from the first selection rolls on to the next, until the final bet is settled.
Of course, a losing selection results in the accumulator being settled as losing bet. Some bettors prefer to have a combination of different bet types. What is a Trixie? To gain a return from this bet type, the bettor must successfully pick two winners, though three winners will see each of the four bets within the Trixie settled as winners What is a Patent bet? In this bet you have three singles, three doubles and a treble, meaning just one winner is needed to lock-in a return.
What is a Yankee bet? In this bet you will have six doubles, four trebles and a four-fold accumulator, meaning the bettor requires a minimum of two winning selections to gain a return. What is a Canadian bet? What is a Heinz bet? The bets which make up this multiple bet are as follows; 15 doubles, 20 trebles, 15 four-fold accumulators, 6 five-fold accumulators and 1 six-fold accumulator. What is a Super Heinz bet? The bets within the Super Heinz are; 21 doubles, 35 trebles, 35 four-fold accumulators, 21 five-fold accumulators, 7 six-selection accumulators and 1 seven-fold accumulator.
What is a Goliath bet? The Goliath bet includes the following; 28 double bets, 56 treble bets, 70 four-fold accumulators, 56 five-fold accumulators, 28 six-fold accumulators, 8 seven-fold accumulators and 1 eight-selection accumulator. Line Shopping-Searching for the best possible odds on a contest through multiple books.
Example: Betting the Patriots Middle- Betting on both sides of a spread after the line moves in hopes that the final total or game score ends in between your numbers. Example: Betting Patriots Moneyline- Taking either team to win the game straight up. Example: Patriots Move the Line -When enough money is place one side of the bet, the point spread line will move to persude bettors to bet the other way. The sportsbooks want money on both side of every bet to avoid taking a huge loss. Mush- A person who is often on the losing side of a bet.
Example: Mush: "I hammered the Patriots moneyline today. There's no way they will lose". Me: "That's terrible news. I took the Patriots I'll go ahead and throw my ticket away right now because you stink. No Action- A wager where nobody wins or loses.
Most commonly occurs when a game is unable to finish. Oddsmaker- The person who decides the odds on the outcome of a game or event. Off The Board- When a book takes a line and total down before the game starts. Most commonly occurs when the book is uncertain about a key players chances of participating in the game. All bets must win in order to cash.
Point Spread- The number of points that the favorite is expected to defeat the underdog by. Example: Patriots Example: The Patriots are listed at -3 You buy a half point in order to get off the 3. You now have the Patriots Push- When a total or final game score falls directly on the spread number. You will be refunded your wager amount. Example: Betting on the Patriots -3 and they win by exactly 3. Reverse Line Move- A line moving away from a team that is receiving more than half of spread bet tickets.
Run Line- A 1. Also known as a "wiseguy" or "poker". Square- A public bettor who usually bets on a side receiving a majority of spread tickets. Steam Move- A series of sharp bets causing a sudden, drastic line move. Example: Patriots move from -1 to -3 in the span of 1 hour. Tail- To follow another bettors bet. Example: Betting on a horse to win the Kentucky Derby because Mike Francesca picked that horse to win. Teaser- Placing multiple or total bets with an adjusted line in the bettors favor.
Similar to a parlay but you are awarded points toward your total or spread for less favorable vig. You must hit all bets in order to win and a push counts as a loss.
Iwac betting term meaning pertaining how much will i win on my bet
Sports Betting: The Beginners Guide (2022)
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Stake units refer to the value of each part of the stake in a multiple bet. Starting Price SP What is the starting price? The final odds on a selection at the point the race starts. Tips What are betting tips? Also referred to as picks, these are predictions shared with the public, or indeed paying punters in some instances, by betting experts.
These experts are also called tipsters. Tote bets What are Tote bets? Estimated returns or dividends for successful bets are available beforehand, but the actual amounts to be paid out are only finalised after the race when all the money has been put in. Winnings The amount earned from a successful bet profit on top of the returned stake. X What does X mean? Stands for a draw in a 1x2 bet such as those on full time results football matches. Bet Types There are many different types of horse racing bets that you can choose from.
The number of options make wagering on the horses more enjoyable to horse racing fans, although the range in bet types and even just the name of some bets can seem confusing to a beginner. However, the objective of each bet type remains the same, money is placed on a horse or horses to finish in a specified position and if the outcome is what you predicted then you win. The amount of winnings depends how much was staked and the odds the bet was taken at. Punters that are new to horse racing will usually stick to the most basic bet types.
These bets usually involve making just one selection. What is a single bet? In this situation you can back the horse to place. What is a place bet? By making a place bet there is a greater chance that you will be successful however the odds for a horse to place are lower and therefore the pay out will be less than if you had backed the horse to win.
Punters could also choose a bet type which gives them the opportunity of a large pay out from a win bet and the security of a place bet. What is each way bet? As you become better at picking winning horses then you may want to try a more complex bet. What is a Straight Forecast? What is a Reversed Forecast? To increase your chances of success even more you can choose more than one selection for first and second place.
What is a Combination Forecast? Here you may have 3 or more selections and will need two of them to fill the first two places, in any given order. Forecast bets are more challenging but the potential returns are also greater. For the chance to see even more value from your bet you can also select which horses will finish in the first three places in the race. What is a Tricast? What is a Combination Tricast? As well as betting on more than one runner in a race you can also select horses from different events.
For example you could back one horse in a race at Doncaster and one in at a race at Ascot. What is a Multiple bet? What is a Double bet? What is a Treble bet? What is an Accumulator? The stake and return from the first selection rolls on to the next, until the final bet is settled. Of course, a losing selection results in the accumulator being settled as losing bet. Some bettors prefer to have a combination of different bet types.
What is a Trixie? To gain a return from this bet type, the bettor must successfully pick two winners, though three winners will see each of the four bets within the Trixie settled as winners What is a Patent bet? In this bet you have three singles, three doubles and a treble, meaning just one winner is needed to lock-in a return.
What is a Yankee bet? In this bet you will have six doubles, four trebles and a four-fold accumulator, meaning the bettor requires a minimum of two winning selections to gain a return. What is a Canadian bet? What is a Heinz bet? The bets which make up this multiple bet are as follows; 15 doubles, 20 trebles, 15 four-fold accumulators, 6 five-fold accumulators and 1 six-fold accumulator.
What is a Super Heinz bet? The bets within the Super Heinz are; 21 doubles, 35 trebles, 35 four-fold accumulators, 21 five-fold accumulators, 7 six-selection accumulators and 1 seven-fold accumulator. What is a Goliath bet? The Goliath bet includes the following; 28 double bets, 56 treble bets, 70 four-fold accumulators, 56 five-fold accumulators, 28 six-fold accumulators, 8 seven-fold accumulators and 1 eight-selection accumulator.
What is a Lucky 15? The Lucky 15 is made up of; 4 singles, 6 doubles, 4 trebles and 1 four-fold accumulator, and therefore the bettor requires just one winning selection to achieve a return. What is a Lucky 31? This is known as cash out. Before using it though, it's worth checking out my guide on cash outs so you understand how it works Corners Match Bet - a corners match bet is exactly what it says on the tin really, you're betting for which team will get the most corners in the game D DNB - Draw No Bet - You get a refund if the game ends in a draw DC - means double chance, backing a team to either win or draw a game Drift - when the price of your selection gets bigger over time Double - two selections that both need to win for your bet to win Dutching - dutching is backing two or more selections which are along the same lines.
Originally it was in horse racing where you would back two horses in a race, locking in profit if either wins, but I've also used it before on football markets, backing say Over 1. If you were to back a bet at 1. Man City -1 Handicap would mean they need to win by 2 or more Hedging - to hedge your bets is to back multiple selections to minimise your chance of losing I IWAC - means "In With a Chance" and is normally used in Horse Racing to describe an outsider that has a chance of winning IPM - an abbreviation of InplayMan, me : Inplay - betting on a selection that is happening now and live J Jolly - A "jolly" is a term used to describe the favourite, or the most likely to win an event K L LGS - Last Goalscorer Lay - the opposite of backing a bet is to "lay" it or to bet against a particular outcome Longshot - an outsider that is deemed to have less chance of winning by the bookmakers Lump - the act of putting a larger than normal bet on a selection.
Most bookies usually have their own versions of this such as "What Odds Paddy" while some don't offer the feature such as Bet S Scorecast - a bet in which you predict a goalscorer and the final score in a game combined into one selection Shorten - when the price of your selection gets lower over a period of time Single - a bet containing only one selection Spreads - another term for handicap but generally used in American sports Spread Betting - a type of betting where your return is based on the accuracy of your selection, rather than a simple win or lose.
If there is a spread for 2.
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