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Betting Terms

Betting Parlance & Slang:

Accumulator – A bet consisting of two or more selections

An Arb bet – a bet that is placed with three or sometimes more bookmakers, this is done in order to get fluctating prices on a bet, insuring a positive return no matter what the outcome of the bet

Banker- A bet which comes in 90% of the time.

Bet Slip or Slip – The form in which you place your bet selections.

Bookie – a bookmaker either on the highstreet or online, someone you place bets with

Doing An ‘Arry- When a manager strenously denies that he’s about to move to another club and then moves to said club.

Doing A Keegan- When a manager quits because the pressure is too much.

Evens – a bet whereby your winnings are the same amount of your stake therefore doubling your stake.

Fixed Odds Betting – The traditional way to place a bet whereby you bet on a definite outcome, whose odds are determined at the time of placing the bet.

Gutted- Being extremely upset after losing a bet.

Going Long (sometimes known as buying) – a spread betting term meaning the predicted outcome will be higher than the bookmaker’s prediction.

Going Short (sometimes known as selling) – a spread betting term meaning the predicted outcome will be lower than the bookmaker’s prediction.

Green book (a.k.a All Green Book) – This is when an all winning situation is achieved on betting exchanges such as Betfair; for example betting on a football match and winning regardless of the outcome. All the figures written by the results are written in green, signifying a win.

Hedging a bet – Covering another outcome on the same event when the odds are favourable, for example betting on Team A to win at 2/1 then taking a later price to bet against Team A at 2/1 or better. (This is usually possibly by betting in-play).

In-Play Betting – Placing bets whilst a game is taking place, the amount and type of bet will vary from bets done before the match.

Line- Another term for an Accumulator bet.

New Manageritis – When a team wins a game after a long winless streak, after hiring a new manager.

Odds – The method in which a bookmaker uses to calculate your potential winnings.

Old Strikeritis – When a striker goes back to the club that sold him and scores.

Odds On or Short Odds – odds that will give you winnings smaller than your original stake.

Over (Middlesbourghing) the pudding – betting on a team (in this case Middlesborough) too many times in a selection of accumulators. For instance doing 3 seperate lines of accumulators and betting on Middlesbourough in all three.

Robbed Off – Being denied a bet in the last minute (usually by the referee).

Reach For The Stars Line – A selection of bets that’s between fairly and extremely unlikely to happen, (this bet is usually accompanied by the singing of S Club 7′s hit ‘Reach For The Stars’.

Return – The total amount of money you get back from a bet.

Selection – An individual bet.

Spread Betting – A type of betting whereby instead of betting on a definite outcome you bet on a spread of outcomes.

Stake – The amount of money you initially put on a bet.

Winnings – The amount of profit you’ve made on a bet (Winnings = Return – Stake).

BET TYPES

Singles:

A Single is a bet on 1 selection in one event.

Scorecast:

A Scorecast is a bet predicting the scorer of the 1st goal and the correct score after 90 minutes in a football game.

Doubles:

A Double consists of 1 bet involving 2 selections in 2 different events. Both bets must be successful to get a return.

Trebles:

A Treble consists of 1 bet involving 3 selections in 3 different events. All 3 must be successful to get a return.

Four-Fold/Accumulator:

A Four-Fold/Accumulator consists of 1 bet involving 4 selections in different events. All 4 must be successful to get a return.

Five-Fold/Accumulator:

A Five-Fold/Accumulator consists of 1 bet involving 5 selections in different events. All 5 must be successful to get a return.

Six-Fold/Accumulator:

A Six-Fold/Accumulator consists of 1 bet involving 6 selections in different events. All 6 must be successful to get a return.

Seven-Fold Accumulator:

A Seven-Fold Accumulator consists of 1 bet involving 7 selections in different events. All 7 must be successful to get a return.

Eight-Fold Accumulator:

An Eight-Fold Accumulator consists of 1 bet involving 8 selections in different events. All 8 must be successful to get a return.

Nine-Fold Accumulator:

A Nine-Fold Accumulator consists of 1 bet involving 9 selections in different events. All 9 must be successful to get a return.

Ten-Fold Accumulator:

A Ten-Fold Accumulator consists of 1 bet involving 10 selections in different events. All 10 must be successful to get a return.

Multi-Bet Accumulators:

Now we come to a selection of multi-bet accumulators whereby you don’t have to get all of your selections correct to get a return, this is because your stake is split up by the same amount of bets you’re putting on.

So if we take the ‘Lucky 15′ for example you have to choose 4 different games. Let’s call them G1, G2, G3 and G4 if you put £15 pounds on a ‘Lucky 15′, then your stake is split up into 15 equal parts of £1, making 15 different bets. So you are putting 4x£1 on 4 singles G1, G2, G3, G4. Then you are putting 6x£1 on 6 different doubles G1-G2, G1-G3. G1-G4, G2-G3, G2-G4, G3-G4. Next you are putting 3x£1 on 3 different trebles; G1-G2-G3, G1-G2-G4, G2-G3-G4. And last but not least you are putting £1 on 1 four fold G1-G2-G3-G4.

So in a Lucky 15 where you chose Arsenal & Luton Town to win Chester City to draw and Manchester City to win, if Arsenal and Luton Town did win you would have 2 singles and a double so if Arsenal were evens you would win back £2 from that single if Luton were 2/1 you would win back £3, then you would have £1 going on the double so £1 @ evens = £2 going on to Luton @ 2/1 = £6, plus your £5 from the singles would make £11 return.

As a general rule 2 results will just about get your money back, 3 means you’ve made a small to medium profit, depending on the odds of each selection and all four and you’re in the money!

Now let’s take a look at a selection of multi-bet accumulators

Trixie:

A Trixie consists of 4 bets involving 3 selections in different events. The bet includes 3 doubles and 1 treble. A minimum of 2 of your selections must be successful to get a return. (This type of bet is more often used in greyhound and horse racing).

Patent:

A Patent consists of 7 bets involving 3 selections in different events. The bet includes a single on each selection, plus 3 doubles and 1 treble. Just one successful selection guarantees a return. (This type of bet is more often used in greyhound and horse racing).

Yankee:

A Yankee consists of 11 bets involving 4 selections in different events. The bet includes 6 doubles, 4 trebles, and an accumulator. A minimum of 2 of your selections must be successful to get a return. (This type of bet is more often used in greyhound and horse racing).

Lucky 15:

A Lucky 15 consists of 15 bets involving 4 selections in different events. The bet includes 4 singles, 6 doubles, 4 trebles, and 1 fourfold. If only one selection wins, as a consolation returns are paid to double the odds. If all four selections win, a bonus of 10% is added to total returns. For the bonus to apply, all selections must win (none void or non-runners). For each-way bets the consolation is paid only on the win part of the bet. Lucky 15 bets are accepted on horse racing and greyhounds only.

Canadian:

A Canadian (also known as a Super Yankee) consists of 26 bets involving 5 selections in different events. The bet includes 10 doubles, 10 trebles, 5 fourfolds plus an accumulator. A minimum of 2 of your selections must be successful to get a return.

Lucky 31:

A Lucky 31 consists of 31 bets involving 5 selections in different events. The bets include 5 singles, 10 doubles, 10 trebles, 5 fourfolds and an accumulator.

Heinz:

A Heinz consists of 57 bets involving 6 selections in different events. The bet includes 15 doubles, 20 trebles, 15 fourfolds, 6 fivefolds and an accumulator. A minimum of 2 of your selections must be successful to get a return.

Lucky 63:

A Lucky 63 consists of 63 bets involving 6 selections in different events. The bet includes 6 singles, 15 doubles, 20 trebles, 15 fourfolds, 6 fivefolds and an accumulator.

Super Heinz:

A Super Heinz consists of 120 bets involving 7 selections in different events. The bet includes 21 doubles, 35 trebles, 35 fourfolds, 21 fivefolds, 7 sixfolds and an accumulator. A minimum of 2 of your selections must be successful to get a return.

Goliath:

A Goliath consists of 247 bets involving 8 selections in different events. The bet includes 28 doubles, 56 trebles, 70 fourfolds, 56 fivefolds, 28 sixfolds, 8 sevenfolds and an accumulator. A minimum of 2 of your selections must be successful to get a return.

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