Clearing Up Jargons and Terms in Soccer Betting
Soccer Betting Terms
Though soccer betting shares many similar traits with most sports betting, it still has its deviations and original terms that bettors need to understand in order to be more knowledgeable about the bets. For beginners and seasoned gamblers alike, this glossary of soccer betting terms and their meanings is a must to brush up with the words they might encounter in future games and bets.
In soccer betting, and even in betting in general, there are some words that are exclusively used during betting, and for the layman, it might mean next to nothing. But for the bettors, these are your indispensable means of communicating your bets. Suffice it to say, knowing what these words are is a fundamental requirement if one hopes to make or even succeed in a soccer bet.
So, we in Indian Soccer Blog give you this glossary of betting terms explained for your perusal.
1) Asian handicap betting
A betting system where you can bet on both teams with three betting lines: the ‘0’ line, the ‘-1’ line, and the ‘+1’ line. This betting system is also known as half betting or plus-minus betting. The team that wins by two goals will win by one goal in this betting system. You don’t need to change your stake if the game ends zero to zero as your bet is refunded after each game.
2) Asian Line betting
This is similar to point-spread betting, but Asian Line Betting involves adapting a traditional soccer betting style (i.e., head to head, over/under 2 ½ goals) based on performance data from a particular league.
3) Asian Total betting
This betting system is similar to the ‘over/under’ betting that you see in other sports, but the goal line must be met or exceeded by both teams combined. This betting takes into consideration soccer match statistics such as shots on goal and corner kicks, amongst others.
4) Australian rules betting
A type of betting where you can bet two teams against each other simultaneously. If one team draws, the bet is a push, and your stake gets refunded. If both teams draw, then you lose your stake. If one team wins, then you win regardless of whether or not the other team loses or ties. You need to choose an odd time like 23:00 when bookies offer betting on two Australian rules matches to win big.
5) Balance betting
A betting style that calculates betting returns based on the statistical chance of each outcome. This betting style gives bettors a lot of control over their betting by allowing them to set limits on how much they can lose. Plus it offers more opportunities for profitable wagers than other betting systems.
This term is used when referring to a bookmaker’s best selection, preferred selection, choice, or, better known as the ‘favourite.’
7) Betting lines
This is also referred to as betting trends or betting angles. A betting line (or trend) is the oddsmaker’s prediction of the betting results.
8) Betting odds
In betting, betting odds are expressed in fractional or decimal format and represent how likely a certain outcome is to happen (i.e., which team will win, by one goal margin). Fractional betting odds would be represented as 2/1, which means there is a 50% chance of an event occurring, whilst decimal betting odds would be represented as: 3.00, which means there is a 33% chance of an event occurring. Oddsmakers can create betting lines that encourage bettors to take action on either the favourite or underdog.
9) Black book betting
Very similar to running card betting, except with black book betting, you do not need to tip off your hand in order for the dealer to turn over the cards. This betting system is also referred to as ‘across’ or ‘over’ betting.
A person who takes bets when two parties are present. It is also called a bookmaker. A bookie can be an individual working out of his garage or a large online company operating from a tower block and employing hundreds of people.
11) Box betting
The process of placing an equal amount of bets on all possible outcomes (i.e., win/lose, win/draw/lose). Also called betting ’round robin’.
12) Broken book betting
In this bet, the bookmaker loses money and starts betting against himself in an attempt to recoup his losses. This betting pattern won’t happen too often as it’s bad business for a bookie to do, but it can happen if you bet on football events that are rare or very specific such as betting on the number of yellow cards.
A betting tactic where a bettor places multiple bets on similar lines with different sportsbooks to take advantage of higher betting limits and increased vig. Also called hedging, lay off betting, or the martingale system.
14) Buy point
A predetermined price at which a certain selection will become available.
15) Cash betting
A betting style that allows you to bet with actual cash and withdraw it afterward or deposit it into your betting account if you win. This betting style is also referred to as ‘in-play betting.’
16) Cashing betting
To conclude a betting session by cashing out before the final result, or in other words, betting for profit. You need to follow strict rules when cashing betting, such as never gambling more than 25% of your bankroll, because this could lead to serious long-term financial problems and ruin.
17) Closing betting
Trying to get better betting odds by betting after the betting lines have already moved or opening betting with bad initial bets. These practises are never recommended.
18) Come betting
This betting style is similar to betting ‘on the come,’ which means betting on any event that hasn’t started yet. When you bet on an event that hasn’t begun, you’re said to be ‘coming’ because it’s coming up next in the rotation of events offered by sportsbooks. Also known as future betting or ante-post betting.
19) Common Sense
A simple betting system where you place one bet each at 1-4 units and two bets each at 5-8 units. This strategy allows for a high betting average without betting too much or betting too little.
20) Cover betting
The act of betting for profit by minimising your risk, usually done by betting on opposite sides. This betting method is also known as hedging, reverse betting, or parlaying.
21) Dead money
A wager that has no chance to win based on the latest available sportsbook odds. It can also be referred to as ‘dead line,’ ‘stuck,’ ‘frozen,’ or ‘rolled over.’
22) Deuce-Seven System
Another term used for betting ‘dimes.’ When you place dimes, you’re betting ten units on four different events, which means if all four bets are successful, you make a 100%return.
23) Discrete betting
To place bets with different betting companies to avoid getting limited by betting shops, also called ‘shop hopping’ or ‘shopping around.’ This betting style is also known as ‘multi-bets.’
24) Draw betting
Betting on the outcome of a draw, either betting in-running when you think an event will end in a draw or ante post when you predict it to be drawn before any players take to the pitch. Also known as betting ‘on the half,’ this betting style is very popular amongst bettors that like to bet for value.
25) Each Way or Place betting
The process of betting on both teams to win (win/draw/win) or betting for profit by betting using the three-way betting lines. This betting style is also commonly referred to as betting ‘both teams to score’ or betting ‘fives.’
26) Even money
A betting line where you will always receive even stakes if you win your bet, regardless of how much you bet in total.
27) European Handicap
This betting style presents a draw option at reduced odds. It’s very popular when betting on events that are likely to end in a draw, such as soccer matches between two evenly matched teams. You can place bets without having any knowledge of handicapping and still make profits because of the increased odds margins on offer. This is possible due to bookmakers’ need to balance betting action.
28) Fluctuation betting
This betting style is betting on the outcome of a fluctuating betting line to ‘flip’ from one side to another in an attempt to make a profit by getting better odds when betting at certain times in the betting cycle.
29) Game Winner betting
This betting style can be seen as a combination of back and lay betting. You’ll need to predict whether a team will win or only draw before placing your bet because you won’t get paid for winning if your bet loses after the final result was already decided. This type of betting requires good timing and lots of knowledge concerning the teams involved. It’s also known as back/lay betting or ‘winning bets.’
A betting strategy employed by professional gamblers that consists of selecting underdogs and betting them using betting strategies like the ‘reverse line movement’ to win money. This betting style is also known as ‘price manipulation.’
31) Insure betting
When betting at reduced odds or adding an additional bet on a specific outcome. You can achieve this by betting against another player who has the same bet as you, for example: If you both want to bet $10 on Team A, but your friend offers something like $20/Team A and $10/draw at $2.50, then you can place an additional match even bet on team A draw at $1.80 just before the match starts.
32) Live betting
This betting style can be defined as betting ‘in-running.’ You’ll need to follow the events in real-time, betting on specific events during gameplay. Also known as betting ‘in play’ or ‘in-running.’
33) Money line betting
A betting line without any handicap betting, where you simply bet on which team will win regardless of how many goals they’ll need to score. It’s also known as betting ‘straight-up.’
34) Off-track betting
Betting at a racetrack with no official odds posted by the exchange, these are known as ‘off track odds,’ or sometimes referred to as “track odds.” This usually happens when races aren’t taking place, and gambling is still legal at the venue.
35) Outrights betting
Betting on an outcome for the entire competition. This betting style is also known as betting ‘to win.’
36) Parlays betting
This betting style can be defined as when you combine several bets, each with its own odds, into one single bet where the profit or loss will depend on all of them combined; like when placing a parlay bet of 3 teams to win their respective matches by taking advantage of higher odds margins. A parlay forecast may use three or more different outcomes. It’s important to remember that each new event decreases your return up to breaking even once your final result is known.
These terms in soccer betting are used commonly, and almost every bettor and sportsbook speak this language in order to facilitate and make bets. Without learning these words, a bettor’s chances of winning bets go down significantly as ignorance of the use of these words entails a lack of understanding of how betting works. Keep yourself updated and connected with us here at India Soccer Blog.