bet lexicon - betting encyclopedia, explanation of sports betting terms

American odds:

Looking at American odds you have to look at the sign.If the sign is positive (e.g. +250), it means that you get 250€ for 100€ stake. This is equal to a decimal odd of 2,5.
If there is a negative sign the thing is a little bit more tricky:It shows you, how much you have to stake in order to win 100€.For a odd of –200 you have to stake 200€ to make a net profit of 100€. This is equivalent to 1,5 decimal priced. (200*1,5 = 300 ? 100€ net profit)

Asian handicap

Asian Handicap bets are a spezial kind of handicap bets.Like normal handicap bets, one team starts with a fictitious lead, the difference is, that there is no draw possible in asian handicap betting.The handicap is chosen in a way, that both results (home- and away win) have an equal possibility.

That’s why the odds for both possible outcomes are very similar most of the time.If there is a draw considered the fictitious lead, all stakes are refunded. If the away team starts for example with a 0:1 lead, and the home team wins the match is a difference of one goal, this means it would be a draw and the stakes will be refunded.

If stakes are refunded, most of the bookies keep a percentage as a commission (mostly 5-10%), so be careful and read the terms and condition of your provider!

Bookie

Bookie stands for many different terms. At first a bookie is the guy who makes the odds. A bookie has to know a lot about sports and statistics in order to provide rigth odds. We also call sportsbooks and betting providers “bookies”. So if we speak of a bookie, most of the time it’s an online betting provider we are talking about.

Double chance bets

With double chance bets you have the chance to bet on two outrights at the same time. Double chance 1X for example means, that your bet wins whether it’s a home win or a draw. So in this example your bet is only lost if the away team wins.Kinds of double chance bets:

1X: homewin or draw
X2: away win or draw
12: home win or draw

Single bet

A single bet is the most simple way of betting. You place a single bet, and if your pick was rigth you win.

Example: You bet € 10.- on a Brazil home win. If Brasil wins, you get your stake multiplied with the odd paid out. If the odd would be 1,50 this would be a payout sum of € 15.- (10 * 1,5)

English odds

English odds are written as a fracture. In order to transform them into European odds you have to calculate the fracture and than add 1.
Example: English odd: 4/34:3= 1,33 + 1 = 2,33 (A English odd of 4/3 is equal to a European odd of 2,33)

Exact result bets

Exact result bets win, if you bet the correct score of a sport event.Because this is very hard to predict compared with standard 1X2 bets, the odds for correct score bets are much higher.

Handicap bets

One team starts with a fictitious lead. Handicap 0:1 means, that the away team leads with one goal before the match starts. This handicap will be added to the final result at the end – the result with the handicap is the valid one for your bet.Handicap bets are offered for many sports, the structure behind is always the same.

High roller:

A highroller is a gambler who gambles really high stakes. Those bets are placed at special bookies, which allow their customers to place huge sums of money.

Combi bets

In contrast to single bets you place more bets at the same time if you place a combi bet.The odds from the different bets are multiplied, and you get a multiplied odd. In order to calculate your payout sum you have to multiply the overall odd with the stake of your decision.A normal combi bet is only won, if each bet is won.

Long run bets

Long run bets have, like the word tells us, a very long runtime until they are settled. Mostly those bets are outright bets on championships or cups. FC Bayern to win the German Bundesliga saison or Chelsea to win the Champions League would be typical long run bets.

Livescore or Liveticker

A livescore or liveticker like the one we offer on “easy sportsbetting!” is a tool which makes sports betting much more exciting. You have the ability to watch matches live.
Our livescore offers nearly every soccer league, and no matter if you bet on the Russian, the Japanese or any other league – at “easy sportsbetting” you can watch your matches live!

Live bets

Live bets are getting more and more popular nowadays. You don’t place your bet before the event starts as usual but you place it while the match is allready running.Particularly for sports events you watch on tv or via live ticker, live bets are very attractive.

The odds change while the event is running, and beside the normal 1X2 bets there are many bookies who offer a lot of live special bets. For example it is possible to bet which team will receive the first yellow card, which team will lead at half time or which team will get a penalty.

Money Line bets

Money Line bets are the American way of single bets. You bet (mostly Baseball or Basketball), which team will be the winner at the end.

No Bet:

If you read betting forums, you will find the phrase „no bet“ very often. This means, that you better keep away from this bet. This can result of a match which is very hard to predict or that the odd is too bad related with the offered odds.

Variances of odds

Odds change from time to time because of two possible reasons:

• The conditions of a sports event can change (weather conditions, injured players...)

• If there are high stakes placed on one outcome, the odd will decrease
That’s why it is advisable to place bets on very popular events not on the day it takes place, because the odds will decrease from day to day as stakes are increasing.

If you allready placed your bet the odd keeps the same for you, no matter if it decreases in the future for the other customers.

Odds comparison

Odd comparison services allow you to compare odds for various events and to find out the bookie with the highest odd for your requirements.But be aware, because if a bookie offer the highest odd on a particular occasion, this does not mean that it is that way all the time. Bookies and their odds differ a lot, so it is very advaisable to take a look at our odds comparison from time to time!

Stake:

We distinguish between small, medium and high stakes. What is high for you, may not be a high stake for another user, so this is in the eye of the beholder. A different way to write stakes is like 1/10 for a very small stake and 10/10 for a very high one. This means, you place one of ten possible units on a bet. (or 10 of 10 units)

Sure Bet:

Like „sure bet“ tells us, it is a bet which you can’t lose, no matter how the event you placed your bet ends.And that’s how it works:

Through differences by providing the odds, it is possible that the odds of different bookies vary a lot.

The best way to describe sure bets is to demonstrate the system with tennisbets or over/ under bets, because there are only two possible outcomes.Example:

Bookie X offers for Chelsea vs. Manchester 2,05 for the over.Bookie Y offers on the same match a 2,05 for the under.Everything which is possible is either a over or a under.If you would place € 10.- on over and € 10.- on under – you will win for sure, no matter how the match will end. (overall stake = € 20.- payout = € 20,50)

If you want to place sure bets in a successful way, it is advaisable to be well informed, and in order to make big money you need a big starting capital, because the winning margin is around 1% most of the time.

Over / under bets:

Under and over bets deal with the totally scored goals or points in a match.Soccer matches have a line of 2,5 most of the time. If you bet over 2,5 it means, that the overall shot goals (from both teams) have to be more than 2. This means if there are 3 or more goals shot in a match, over 2,5 wins. If the total score is 0, 1 or 2 under wins.

It does not matter which team wins or scores, it just matters if there is a total score of more or less than 2,5 goals.All other over / under bets work the same way.

Value Bets:

Value bets are those bets, which are worth to be bet. If the odd related to the probability of the outcome is too high, we speak of a value bet. In order to predict the probability of a particular occasion, you need time, experience and sure instinct.
But also bookies make mistakes, and it’s our job to profit from this mistakes!