Some football betting terms

1x2 Betting – Fixed odds betting where 1 denotes Home win, x refers to the draw and 2 denotes Away win. Also known as 3 way betting.

Accumulator – Also known as combo bet or multiple bet. This is a series of bets on the outcomes of several events. All outcomes must be successful for the punter to win the bet. The pay-out is based on the multiplication of all the odds of the events in the accumulator.

Asian Handicap – This is a type of betting that removes the chances of a draw and the punter bets on either the Home or Away team to win. The perceived weaker team is given a number of goals 'head start'. The handicapping is to make the two teams in a match to be of 'equal strength' for betting purposes.

Betting Exchange – Online 3rd party betting service where punters act like bookmakers and bet against each other offering their own odds.

Betting In Running – Also known as Live Betting. The punter can bet on a match at the same time it is being played in the respective country.

Bettor – The person who places a bet. Also known as a 'punter'.

Bookie – Short for bookmaker.

Bookmaker – A company who sets odds and who is licensed to accept bets.

Combo – Also known as accumulator and multiple bet. (Refer to 'Accumulator' for details).

Correct Score – A bet that predicts the exact goal result of the game during normal time.

Double – An accumulator or combo bet or multiple bet which involves two selections. Both selections must be successful for the bet to win

Double Chance – A type of betting where a single price is offered on a win or draw.

Draw – A tie in the match which finishes evenly.

Edge – The advantage the punter has over the bookmakers.

Fair Odds – The price if the result of the event is expected to be 50/50 situation. Calculation is 100/50 = 2. So, odds of 2 is fair odds.

Farming Out – A bookmaker transferring some excess amount of the bets collected to another bookmaker to reduce his risk.

Favourite – The team rated most likely to win the event. Typically it has the most money betted on it.

First Goalscorer – A bet placed on a player to score the first goal.

Fixed Game – A game in which one or more participants willfully manipulate the final outcome for personal gains.

Fixed Odds Betting – A type of betting with three outcomes – Home win, draw or Away win. Also called 1x2 betting and 3 way betting.

Form – Past performances of the team which are used as an indication of its chances.

Forum – An Internet community where like-minded enthusiasts gather to participate and exchange ideas.

Futures – Bets placed in advance predicting the outcome of a future event. Also known as Ante Post bets.

Half Time/Full Time – This is betting on half time outcome and the full time result.

Handicap – This is the advantage given to the perceived weaker team and the corresponding disadvantage given to the favourite. This is to make both teams of 'equal strength' for betting purposes. It is known as Spread in US sports.

Hedging – This involves placing a bet on the opposite outcome to the punter's original selected outcome in order to guarantee a profit or to cut loss.

Live Betting – Also called Betting In Running. The punter can bet on a match at the same time it is being played in the respective country.

Long Odds – Odds offered on a team unlikely to win an event. Generally odds are greater than 10 to 1.

Longshot – The team not expected to win the game. Usually 'long odds' are offered to the long-shot team. Also known as the outsider or the underdog.

Martingale System – This is a progressive rising bet system. Also known as Loss Recovery System.

Multiple Bet – Also known as accumulator and combo. (Refer to 'Accumulator' for details).

Number Of Corners – This is predicting the number of corners in a match.

Number Of Bookings – This bet is to predict the number of bookings given to players of both teams in a match.

Odds – Prices the bookmakers offer according to their estimation of the chance of a team winning. The prices include their profit or overround.

Odds maker – A person who sets the betting odds.

Outsider – The team which is not expected to win. The opposite to the favourite. Outsider is also known as the longshot or the underdog.

Over/Under – A bet on whether the total goals scored by the two teams in a match is over or under a specified number.

Overround – The profit or commission of the bookmakers.

Punter – Also known as Bettor, a person who places a bet.

Return – The punter's total winning on a bet.

Single – A straight bet on one selection to win. This is the simplest and most common bet.

Score Anytime – This is betting on a certain player to score in the particular match.

Stake – This refers to the amount of the bet.

System – A method of betting used to try to gain an edge or advantage. Usually mathematically based.

Tie – A draw in the event.

Tips – The selections and predictions of events recommended by an expert.

Tipster – A person who, for a fee, makes recommendations on the outcomes of matches to the punter.

Total Score – This bet is on the number of goals scored by both the Home and Away teams in the match.

Treble – A triple bet on three events. All must win for the bet to be successful.

Underdog – The team that receives a 'head start' in a handicap. Also known as the outsider and the long-shot.

Unfair Odds – Prices of bookmakers which include their profit or over-round.

Value – Getting the best odds on a wager.

Value Betting – The punter gets a price which is higher than the one indicated by the probability of that outcome winning.

“x” - denotes the draw in the fixed odds type of betting.

Yield – A % indication of profit or loss.