A reverse forecast is two bets on two selections to finish first and second in any order. The underdog team or informative post athlete that is considered very unlikely to win. The act of betting on the opposite side of a current wager in order to minimize losses or guarantee a small profit. Dead Heat is when two or more participants finish with the same results.

Free Horse Racing Picks

Favorite – The team or individual expected to win a sporting event based on the point spread or moneyline. A technique employed by many by using fixed odds on the exchange http://lawise.co.uk/online-horse-betting/ market. The technique covers multiple outcomes either through in-play betting or by finding differences in bookmaker odds. By covering multiple outcomes say by backing Team X to win and when/if they go up, by laying Team X to win, returns are guaranteed whatever the result. Yes, in fact, sportsbooks also release spreads for different points in the match like after the first quarter or first half, which is called live betting or in-game betting.

The Decimal Odds Or European Odds Term

Backed / Backed-In – A ‘backed’ horse is one on which lots of bets have been placed. A horse that is backed-in means that bettors have outlaid a lot of money on that horse, with the result being a decrease in the odds offered. The amount of money a bookmaker or punter stands to lose.

Favorite

This section is dedicated to betting terminology you would only hear, or at least mostly hear in reference to betting on horse racing. This can be a wholly entertaining section with much slang which we will include and try to explain best. It could be said a bookmaker is, therefore, betting that every horse will lose a race when taking bets from punters on the course and that can’t possibly happen. Backing more than one selection in an event with the aim of making the same profit whichever of the bets wins. We have a page in the betting school for Dutching advice. Usually, arbitrage betting comes when bookmakers disagree on specific odds for markets, or price up markets mistakenly.

This independent comparison website helps consumers choose the best available gambling products matching their needs. We offer high quality advertising services by featuring only established brands of licensed operators in our reviews. We receive commission for advertising the brands listed on this page. Please note that although we endeavor to provide you with up-to-date information, we do not compare all operators on the market. Futures betting can be applied to more than just national championships. It can also be applied to things such as who will win the MVP award or other events that might happen down the line.

Where a Handicap bet is split into two separate bets one at each handicap level provided by the bookmaker, whether it is on Asian Handicaps or Totals etc. Abbreviation for “starting price”, which is the official odds returned in UK horse racing/greyhound racing. A bet on the outcome of one specific quarter of a game only. Where more than one bet is combined, the odds accumulated and success is dependent on all selections winning. Term to describe when the betting percentage of a market is above 100% and therefore providing an advantage to the bookmaker and the opposite to the bettor.

Sports

In betting terms, ‘Arbitrage’ is a process in which you bet to cover every possible outcome of an event but doing so in a way that locks in profit regardless of the eventual outcome. Betting across multiple betting providers is crucial to this concept. A ‘Canadian’ or sometimes referred to as a Super Yankee, requires the bettor to pick 5 selections, and across those selections there are 26 bets. As such a 10p Canadian would cost £2.60 as an overall stake, and would consist of 10 doubles, 10 trebles, 5 four-fold accumulators and 1 five-fold accumulator. A unfancied horse, an underdog or an outsider in a race or competition can be called a longshot. Proposition bets – A bet on anything that is not directly tied to the outcome of the game.

The level of Overround differs across betting providers, markets and events. The term ‘SP’ is short forIndustry Start Price, which is basically the odds which a horse is priced up at the exact moment that the race begins. The SP is an average of prices from across the betting industry. Simply put, ‘In-play Betting’ is a process by which you place a bet once an event, race or match has already begun. In-play prices are likely to change quickly and often and will usually differ from the starting price.