All about bookies and betting
Betting glossary

Betting Glossary - all you can find on bookmaker's sites

  • American betting methods

    While in European betting a bet on draw is often related to high odds, in American betting a draw is regarded as 'no action' - i.e. as if the game had not taken place. For this reason a draw is rated at odds of 1.0 and your stake is returned and credited to your betting account. Please note: In American sports the visiting team is usually always named first.

  • American odds

    In the U.S. they view a bet from the US$ 100 perspective - either you have to place US$ 100 on your favourite team or you have to place a certain stake to win US$ 100. With American betting interpretations, only the net winnings are quoted. To calculate the total payout, you must add your initial stake.

    • Bankroll

      The sum of your total account stack.

    • BIC (SWIFT)

    • The SWIFT-BIC (BIC is the abbreviation for Bank Identifier Code) is an international standard for bank codes, making it possible to clearly identify every bank worldwide.

    • Bookie

    • The bookie – or bookmaker – creates the odds (prices) and takes in the bets. In a manner of speaking, he is the betting partner of the bettor that places the wager. Often the term bookie is associated with an entire betting office!

    • British odds

    • British bookmakers represent odds in the form of fractions. British odds function as follows: to calculate your net winnings simply multiply your stake with the odds given. Add your stake to calculate what your total payout will be if you win the bet.

    • Browser

      • Internet Explorer 7 and higher
      • Firefox 3 and higher
      • Opera 10
      • Google Chrome 4
      • Safari 4
  • Canadian system

    A Canadian systemconsists of 26 bets which transpire from 5 picks. Ten 2-pick multis (parlays), ten 3-pick multis (parlays), five 4-pick multis (parlays) and one 5-pick multi (parlay). At least two of the five picks must be correct to gain some winnings - the exact amount of the winnings depends on how many of the predictions prove correct.

  • Cookies

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  • CVC2

  • This three-digit code can be found on the rear side of your credit card on the area designated for your signature. CVC2 stands for 'Card Verification Code'. You will be asked to give this code as a security measure when making international credit card payments via telephone or Internet.

  • Day's longest jump

    This bet is only offered on ski jumping! Which ski jumper will make the longest jump on a specific day (under the condition that it's a standing landing)? You win, if your favourite achieves the longest jump of the day – irrelevant whether it was a qualification or a competitive jump!

  • Distance Bet

  • A Distance Bet is a bet on the winning distance between the winner of a race and the second placed horse. The option is to bet that the distance will be over or under a defined number of horse lengths.

    Double Chance

  • A 'Double Chance' pick contains two of three possible outcomes - unlike one pick in a normal Three Way bet - and increases your chances of winning!
    Example: Bayern - Manchester, where Bayern wins. If you pick 'Bayern or X' or 'Bayern or Manchester', you win. The pick 'X or Manchester', however, loses.

    European odds

    To calculate your total payout if you win your bet when using European odds (decimal odds), simply multiply your stake with the odds given. If you want to calculate your net winnings, simply deduct your stake from the total payout.

  • Fantasy-bets

    In a fantasy match two teams compete virtually only. The winner of this match-up is the team that scores the most goals on the current match day against a real opponent. Beware: only goals are counted, victory or loss are irrelevant. Example: Dortmund plays Freiburg, Schalke plays Wolfsburg. The fantasy match is Dortmund vs. Schalke. If Dortmund wins 1:0 against Freiburg, while Schalke loses 2:4 to Wolfsburg, the fantasy match would go Schalke's way with 2:1.

  • Fastest lap

    This bet is only offered on Formula One! Which driver will achieve the fastest lap during a specific Grand Prix? You win, if your favourite accomplishes the fastest lap in the race – qualifying does not count!

  • Favourite

    The favourite is the player/team which the bookies believe will win. Favourites are usually recognised by their lower odds/prices. The contrary to favourite is the so-called underdog (dog) or outsider.

    Favourite (Greyhounds and Horse Racing)

  • In Horse and Greyhound Racing the favourite is an unnamed horse or greyhound which is defined as the runner with the lowest starting price whose name is defined as soon as the bets are closed. If there are 2 runners with the lowest odds they are called “Joint Favourites”. If there are more than 2 runners with the lowest odds they are called “Co-Favourites”.

    • Greyhound Racing

    • Greyhound racing is one of the leading spectator attracting sports in the USA, UK, Ireland and Australia. The dogs chase an artificial hare on a track until they arrive at the finish line. The one that crosses the line first is the winner.

  • Halftime/Fulltime bets

    You place a wager on the result of a match at halftime and fulltime. Example: You believe that Inter Milan are level with rivals Milan at halftime, however, go on to lose the match in the end? In this case you would select X/2 in the Halftime/Fulltime bet – you’ll be delighted with the great odds!

  • Handicap bet

    If an opponent is considered more superior than another, then bookmakers give the weaker an advantage, which is added on to the result that is actually achieved. Example: Everton – Liverpool: Handicap 0-2 (the 2 goals will be added to Liverpool's score in the actual result); Everton wins 1-0; but through the handicap the result is 1-2. The result for your handicap bet is a win for Liverpool.

  • Handicap Race (Horses)

    This race type refers to a race where the weights are assigned by the track’s Racing Secretary or Handicapper based upon past performances. Their goal is to assign weight to each horse so that all entrants have an equal chance of winning the race.

  • Head to Head

    A Head-to-Head is a bet within an event on one runner to finish ahead or perform better than another.

  • Horse Racing

  • Horse Racing is split in two forms: Thoroughbred racing and Harness racing. The first form is very popular in UK and Ireland and differentiated in National Hunt Races which involve obstacles (either hurdles or fences) and flat races which are unobstructed races over a given distance. In Harness races horses pull a wheeled cart called a Sulky. This form of racing is very popular in North America and Scandinavia.


    IBAN

    The International Bank Account (IBAN) is an international standard for account numbers. The IBAN can be used for cross-border transactions. Within the European Union, the IBAN is the condition for 'European Standard Bank Transfers'.
    You will generally find your IBAN code on your bank statement. If your IBAN code is not on your bank statement, please contact your bank for further information.

  • Last Minute bet

    With Last Minute bets you place your bet on those events for which betting will be closing shortly, i.e. in the last minute!

  • Live bets

  • Live bets are bets in real-time. This means that you may bet during the sporting event of your choice! Dynamic odds, live chat, l ivegame reports and more makes this type of betting a true interactive experience. To be able to place l ive bets you need the Flash plug-in.

    Long-term bet

  • The name says it all; this is a bet which runs over a long period of time. As a general rule, one can wager months before on who will be crowned as Formula One Champion, who will win the Tour de France or who will lift the Wimbledon title.

  • Money Line

    • This is the American format of victory bets. Money line bets are basically single bets. You bet on the victory of your favourite(s).

    • Multi (Parlay)

    • The multi (parlay) is a very attractive form of betting with spectacular opportunities to win. In a multi (parlay) bet you have the possibility of making several bets within the same sport in one and the same wager. Your winnings in the multi (parlay) are calculated by multiplying all the individual odds. However, in order to win a multi (parlay) you have to guess all the results correctly. Example: ManU – Arsenal: Arsenal to win (odds 2.5) AND Dallas Cowboys @ St. Louis Rams: St. Louis Rams to win (Odds 3) AND Everton – Blackburn: Halftime score to be 1-0 (Odds 4) – Total stake: 2.5 x 3 x 4 = 30.

      Non Runner

      A Non-Runner is a participant that does not take part in a race for which it is entered.

      Odds

      Odds tell you how much you could win by placing a bet on your favourite team. Odds can be displayed in three different ways: European or Decimal odds, British odds and American odds.

      • Patent system

        A Patent systemconsists of 7 bets which transpire from 3 picks. One single bet per pick, three 2-pick multis (parlays) and one 3-pick multi (parlay). At least one of the three picks must be correct to gain some winnings - the exact amount of the winnings depends on how many of the predictions prove correct.

      • Photo Finish

      • This is a method of determining the result where there is a close finish using photographic evidence.

      • Place bet

      • This type of bet is found only with horse betting. You think that your favourite will end up in the top three places - and by betting on this you minimise your risk. Example: You bet EUR 100 on your favourite to finish either first, second or third (1-3) in the Kentucky Derby at odds of 1.80. Regardless of whether your favourite comes in first, second or third: you win your stake (EUR 100) multiplied by the odds 1.8 (EUR 180).

        • Second place bet

          You bet on who will finish second. This bet becomes particularly exciting if a superstar dominates a sport, but the final places are not yet decided. If your bet is correct, you win your stake multiplied by the respective odds.

        • Single bet

        • The single bet is the simplest form of betting: One event - one wager. There are different types of single bet, e.g. 2Way, 3Way or the winner bet.

          Special bet

        • Special bets are adapted to every sport individually. Examples: Which team will score the first goal? How many goals will be scored in the game A against B? When will the first goal be scored?

        • Spreads

          Straight wagers/Spreads are classic American bets whereby teams are given a “head start” or handed a “handicap”. Therefore, the actual result of the event will either have a head start added or a handicap subtracted. Example: LA Lakers at Dallas Mavericks. The bookies give the visiting team a 6-point head start, while the home team is handed a 6-point handicap. If the game ends with a 99-94 victory for Dallas and you had bet on a Lakers victory, your bet would win (as an additional 6-point head start was added to the 94 scored)!

        • SWIFT-BIC

        • The SWIFT-BIC (BIC is the abbreviation for Bank Identifier Code) is an international standard for bank codes, making it possible to clearly identify every bank worldwide.

          System bet

        • With system betting you place several picks with a single placement. If all your selections are correct, then you win on all picks in your system. With incorrect selections, you always have another chance of winning, as one or more picks could be correct. For example, the system “3/5” (i.e. 3 out of 5) means that you are betting on all 3 way multis (parlays) out of 5 picks selected. In total, there are ten different 3 way multi (parlay) results. If you chose all 5 picks correctly, then all 10 picks will be correct and you will be assured of the maximum winnings. If one selection was incorrect, then you win on four picks. However, with two incorrect selections, you only win on one pick.

          • Third place bet

            You bet on who will finish third in a competition. If your bet is correct, you win your stake multiplied by the respective odds.

          • Three Way

            Three possible results, but only one is correct! The straightforward football bet – win, draw, loss – is a classic 3Way bet. Example: Manchester United vs. Arsenal – 1, X, 2?

          • Top-3 bet (1 pick)

          • You bet that your favourite will finish first, second or third. Whether your candidate comes in first, second or third is irrelevant – you win in every case! Example: you bet EUR 100 on Fernando Alonso finishing first, second or third in the Grand Prix at odds of 1.9. If he finishes in first, second or third place, you win your stake multiplied by the odds, in this case EUR 190.

          • Top-3 bet (2 picks)

            Which two starters will finish in the top 3? You bet that two of your favourites will be among the first three places, the sequence being irrelevant. Example: You bet that Fernando Alonso and Lewis Hamilton will be among the first three places in the San Marino GP with odds of 4, the sequence being irrelevant. If these two F1 drivers do finish in the top 3 you win. A stake of 10.- returns 40.- .

          • Top-3 bet (3 picks)

            You bet that three of your favourites will end up in the top three positions, the sequence being irrelevant. Example: You bet 10.- that Fernando Alonso, Lewis Hamilton and Nico Rosberg will fill the top three places in the San Marino GP. With a stake of 10.- and a combined odds total of 3,5 you win 35.- if the three drivers really do finish in the top 3!

          • Total

            In 'Total' bet ting, the bet is placed not on the result of an event but rather on the total number of points obtained in the event. Example: The visiting team are the New York Jets (OVER 55), the home team the Buffalo Bills (UNDER 55). Both are priced at 1.91. If you think that more than 55 points (OVER 55) will be scored in this event (by both teams together) - then you will choose bet 1 (because OVER 55 is written next to it). If you think that less than 55 points will be scored in this match (once again by both teams together) - i.e. UNDER 55 - then you will choose bet 2.

            Two-Way

            Two possible results, only one is correct! This bet is common with all sports where no draw is possible (basketball, tennis, etc.). Besides this, there are numerous special bets that function according to this principle. Example: Federer vs. Roddick – who will win?

            Virtual Racing

            Virtual Horse racing is a computerised system that allows people to bet on the outcome of a Virtual event. The rules are the same as for real races but with some advantages as no non-runners are possible.

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