Sports Betting Slang And Terminology

Distance by which the winner was ahead of the runner-up. A bet predicting the first, second and third places in an event, normally a horse or dog race, in the correct order. An accepted wager i.e. matched with someone willing to take it. Usually refers to a bet that is ‘taken’ or ‘accepted’ on a betting exchange (bets are usually listed as ‘matched’ and ‘unmatched’ on a betting exchange). You bet on either Team A to win, Team B to win, or you bet on the Draw. Gifts given to gamblers in an effort to keep them gambling.

In this kind of bet, the odds are set at the beginning of the season, but they can go up or down as time goes on. Once you make your bet, however, it is locked in at whatever the odds were at the time you placed the bet. This is why making a bet on a long shot early on can bring a potentially substantial payoff.


The draw is usually chosen at random on the day before or the day of the race. All-Weather horse racing takes place on an artificial surface; not run on a traditional turf surface but actually run on an artificial, synthetic surface instead. These surfaces allow Racing to be held in the UK when there is bad weather, as the artificial running track can take any amount of rain on it.

How Do Sports Fans Bet Online In Canada?

Tout – An individual who sells their picks or their sports betting expertise to others. Teaser – A special bet in which you are able to adjust the point spread or total for a game. The more you change the spread, the lower the payout becomes. Steam Move – A sudden, drastic and uniform line movement across the entire sports betting marketplace. Limit – The most money a sportsbook will take on a single event. Field – In proposition bets, bettors are often allowed to bet the field.

You go to put your bet on and you get offered all sorts of things from Lucky’s to Yankees, what are these, what do these mean? Conversely there are lots of new terms in the world of online betting that some of old school bettors won’t have a clue about, what is Cash Out? In our betting glossary we cover all of the terms and phrases you are likely to find from the football stands right up to the sleekest online bookmaker.

The Goal Line Number Of Goals Term

When a result cannot be determined with the naked eye a photo is called for. The judge will then be able to determine the winner and winning distance using a photo. A photo may sometimes then be called as a dead heat, where the odds will be paid out in a dead heat ruling. Co-favourites is an extension of joint favorites in when there are three or more horses sharing the shortest price in the betting market. First past the Post refers to the winner of a race of course. The term has been adopted for a concession some bookmakers make in the event of a Stewards Enquiry.

A tissue is not just what your mum finds under your bed. It is also a list of odds representing the chance of the various outcomes of a sporting event occurring. This blog my OLBG member ‘redhammer’ keeps track of a series of spread bets on a day- by-day basis and is a good introduction to seeing how spread betting works. Betfair is not the only exchange available and commission rates can differ between them. Check thislist of UK betting exchanges to find which ones offer lower commission rates than Betfair. The money amount of your bet placed also known as the stake.


Handle – The amount of money a sportsbook or sportsbooks take from wagers. This could be broken down by sport, region, casinos, and more. Early Cash Out – A way for bettors to settle a wager for a certain dollar amount before the event is over. This is a way to lock in a profit at a smaller value than the wager would ultimately pay. Circle Game – A game is circled by a sportsbook because betting limits are lower than usual. This most often happens when there’s a questionable injury before a game.