Beginners Guide to the Football Betting Terms Glossary

Betting Terms

Betting terms are the words and phrases that are used to describe the different types of bets and odds found in sports betting. When betting on sports, it’s important to know the different types of bets and understand the betting terms that come with them. This glossary of terms aims to save you from wading through betting jargon by explaining the most common sports betting words and their meanings.

Sure Bets

A sure bet, also known as an arb, is when a bettor takes advantage of the difference in odds between different bookmakers to guarantee a win. Sure bets are made by taking advantage of discrepancies in the odds that different bookmakers offer. This allows the bettor to find opportunities where they can place multiple bets on the same event and make a profit no matter what the outcome.

Asian Handicap Betting

Asian Handicap betting is a popular variation on traditional sports betting. While the standard model uses a single outcome to determine the outcome of a bet, the Asian Handicap uses a handicap system that factors in the difference between two teams. This means that the handicap bet has two possible outcomes: one if the team with a disadvantage wins, and one if the team with the advantage wins.

Vigorish

Vigorish, also known as a ‘vig’ or ‘juice’, is the commission that a bookmaker charges for taking a bet. Vigorish is usually expressed as a percentage of the stake being bet and varies between different bookmakers. It is the bookmaker’s primary source of income and usually ranges from 5-10%.

Fractional Odds

Fractional odds are one of the most common types of odds used to calculate sports betting payouts. Fractional odds express the reward as a fraction of the stake, for example, 2/1 odds mean the potential payout is twice the amount of the stake. Negative fractional odds, marked with a minus sign (e.g. -2/1), indicate the amount that must be staked in order to win one unit of the currency specified.

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