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betting sites online uk dictionary

It is not uncommon for sports betting websites to offer wagers for entertainment events such as the Grammy Awards, the Oscars, and the Emmy Awards. gambling, the betting or staking of something of value, with consciousness of risk and hope of gain, on the outcome of a game, a contest. The words bookie and bookmaker are sometimes associated with illegal betting operations, especially those run by organized crime groups. REVERSION TO THE MEAN FOREX

For example you could back one horse in a race at Doncaster and one in at a race at Ascot. What is a Multiple bet? What is a Double bet? What is a Treble bet? What is an Accumulator? The stake and return from the first selection rolls on to the next, until the final bet is settled. Of course, a losing selection results in the accumulator being settled as losing bet.

Some bettors prefer to have a combination of different bet types. What is a Trixie? To gain a return from this bet type, the bettor must successfully pick two winners, though three winners will see each of the four bets within the Trixie settled as winners What is a Patent bet? In this bet you have three singles, three doubles and a treble, meaning just one winner is needed to lock-in a return. What is a Yankee bet? In this bet you will have six doubles, four trebles and a four-fold accumulator, meaning the bettor requires a minimum of two winning selections to gain a return.

What is a Canadian bet? What is a Heinz bet? The bets which make up this multiple bet are as follows; 15 doubles, 20 trebles, 15 four-fold accumulators, 6 five-fold accumulators and 1 six-fold accumulator. What is a Super Heinz bet? The bets within the Super Heinz are; 21 doubles, 35 trebles, 35 four-fold accumulators, 21 five-fold accumulators, 7 six-selection accumulators and 1 seven-fold accumulator.

What is a Goliath bet? The Goliath bet includes the following; 28 double bets, 56 treble bets, 70 four-fold accumulators, 56 five-fold accumulators, 28 six-fold accumulators, 8 seven-fold accumulators and 1 eight-selection accumulator. What is a Lucky 15? The Lucky 15 is made up of; 4 singles, 6 doubles, 4 trebles and 1 four-fold accumulator, and therefore the bettor requires just one winning selection to achieve a return. What is a Lucky 31? What is a Lucky 63? The bets which make up this multiple bet are as follows; 6 singles, 15 doubles, 20 trebles, 15 four-fold accumulators, 6 five-fold accumulators and 1 six-fold accumulator.

One winning selection in this bet type would lock-in a return, whilst 6 winners would lead to a generous return, as all 63 bets involved would be settled as winners. What is an Alphabet? This bet type consists 2 Patents which make up 14 bets , 1 Yankee a further 11 bets and a six-fold accumulator 1 bet. What is a Round Robin?

What is a Flag bet? What is a Super Flag bet? What is Arbitrage? Betting across multiple betting providers is crucial to this concept. What is In-Play Betting? In-play prices are likely to change quickly and often and will usually differ from the starting price. What is Spread Betting? What is Matched Betting? The back bettor, who is betting on an outcome to happen, will be notified when their bet has matched, with this bet type often linked to an exchange platform like the Betfair Exchange.

What is SP? The SP is an average of prices from across the betting industry. What is BSP? What is Dutching? What is Hedging Your Bets? This technique almost acts as an insurance mechanism when done correctly, and can eliminate the chance of losing, with the bettor able to guarantee a return before the event has finished. What is Cash Out? In addition, Cash Out allows you to take a loss in running, for example if you think your selection will no longer win the race, you can take a loss on your selection, but at least get part of your stake back.

What is Overround? The level of Overround differs across betting providers, markets and events. What is Scalping? What is a Lay Bet? The offered lay odds will then be matched with a bettor who believes that event will happen known as the backer who is happy with the odds that have been offered.

What is a Back to Lay Betting? What is Lay to Back Betting? Another betting technique can be identifies in 'Lay-to-Back betting', wherby the bettor will lokk to lay a selection on an Exchange platform at an agreed set of odds, before then backing the same selection in play or closer to the event starting at a higher price. The variation in odds will result in a profit secured before the event is completed. What is Asian Handicap Betting? The Handicap element means that one team receives a "virtual advantage", effectively leading the game by a differing amount s before the event kicks-off, and therefore often results in more enticing odds as opposed to standard home-draw-away prices.

The odds on display never reflect the true probability or chance of an event occurring or not occurring. There is always a profit margin added by the bookmaker in these odds, which means that the payout to the successful punter is always less than what they should have received if the odds had reflected the true chances. The bookmaker needs to estimate the true probability or chance of an outcome correctly in order to set the odds on display in such a way that it profits the bookmaker regardless of an event outcome.

This is because the odds on display are not fair odds. The bookie has an edge built into the odds. According to a study published in the Journal of Gambling Studies, the more hands a player wins, the less money they are likely to collect, especially with respect to novice players.

That is because multiple wins are likely to yield small stakes, for which you need to play more, and the more you play, the more likely you will eventually bear the brunt of occasional and substantial losses. Behavioral economics comes into play here. A player continues playing the lottery , either in hopes of a big gain that would eventually offset the losses or the winning streak compels the player to keep playing.

In both cases, it is not rational or statistical reasoning but the emotional high of a win that motivates them to play further. Consider a casino. All of the details—including the game rules, music, controlled lighting effects, alcoholic beverages, and the interior decor—are carefully planned and designed to the house's advantage. The house wants you to stay and continue playing. Naturally, the games offered by the casino have a built-in house edge, although the house advantage varies with the game.

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First recorded in —, bookmaker is from the late Middle English word bokmakere.

Orlando magic vs pistons Selection What is a betting selection? The scope of these bans varies based on level of the English football pyramid. Odds What are odds? What is a Trixie? Betting on any match, or on any event within a match. Punter A customer or bettor. On the nose all your stake goes on the win.
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Betting sites online uk dictionary Non-Runner What is a non-runner? Also referred to as picks, these are predictions shared with the public, or indeed paying punters in some instances, by betting experts. Famous betting scandals[ edit ] Joseph J. Any event in any multisport competition in which an individual is participating. It also demeans the competition and competitors alike by spreading a message that is contrary to the purpose and meaning of 'sport. The SP is an average of prices from across the betting industry. The payoff on a win is always less than what one should have received if the odds had reflected the true chances.
Betting sites online uk dictionary 905
betting sites online uk dictionary

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FOREX VPS HOST

Handicapping Predicting the outcome of an event with pre-determined odds. Handle The total amount of wagers that a particular bookmaker will accept on a particular event. Hedging Hedging is when you bet on the other side of your original wager.

This guarantees a return and reduces overall risk. Holding your own Is an economic outcome where the bettor has neither lost nor won any money over a period of time. Home field advantage The edge a team has when they play where their team is based. This is attributed to being more comfortable in training, travel, and housing, as well as to the energy of the fans.

If bet Multi-wager bets in which each wager must win for the following wager to be placed. In-play betting Also known as live betting, in-play betting is when you bet on an event that is currently underway. Odds change throughout the match, and frequently. Joint favorite When at least two units such as players or teams are seen as equally likely to win. Juice Juice refers to the commission bookmakers take off of winning bets. It is also known as vigorish.

Kelly Criterion A formula created by John Kelly used to maximize profits in the scientific approach to sports betting. Laying the points This refers to placing a spread wager on the favorite. The term refers to how these bets level the field because the wager essentially starts the game with points on the board.

Layoff A strategy by which bookmakers reduce their exposure. If a large bet comes in, they may place bets in other bookmarks as a form of insurance. Limit The maximum or minimum that a bettor can wager. Bookmakers and players can both set wagering limits.

Line Bets that handicapped to make both sides equal. Linemaker The employee at the bookmaker who creates the odds. Listed pitchers The pitcher who will start a baseball game. If the listed pitcher changes, bets are often voided, with the money being refunded. Live-betting Also known as in-play betting, live-betting is when you can place wagers on an event while it is happening. Lock Term that refers to a safe bet.

In reality, very few bets can be certain. Longshot Also known as betting for the underdog. Longshot bets are less likely to win, but will have higher rewards if they do. M — O Margin Can refer to two different concepts. Either the point spread or the bookies commission on a match. Match bet Any wager on a bet with two sides in a head-to-head match-up. Middle Middling involves placing two bets.

One of them is placed after the spread changes. Moneyline A very direct wager, where the winning team determines the outcome of the wager. The score is irrelevant. Multiple Any bet that has multiple bets folded into it.

They are also referred to as parlays, combos, or accumulators. Double: One parlay on two different sides. Treble: One parlay on three different sides. Trixie: Four bets on three sides: Three doubles and one treble. Patent: Seven bets on three sides: Three doubles, three singles and one treble. Yankie: Eleven bets on four sides: Sic doubles, four trebles, and one four-bet parlay. Lucky Fifteen bets on four sides: Six doubles, four trebles, four singles, and a four-bet parlay Lucky Thirty-one bets on five sides: five singles, ten doubles, ten trebles, one five-bet parlay, and five four-side parlays MVP Stands for Most Valuable Player.

Nap The best bet on any match. No action A wager that is voided. It is pulled from the board and funds are returned. Non-runner This is the horse racing-specific term for a no action wager. If the race does not happen, original bets are returned. Novelty bet Proposition bets that are difficult to predict using standard betting tactics. Odds The balance of advantage on any bet. This will also determine the risk to reward ratio. Odds format Choose from the three most common odds formats: America, decimal, or fractional.

Odds on favorite The side that is perceived to be most likely to come out on top. Oddsmaker The person, often a dedicated staff or employee at a sportsbook, who calculates and set the odds. Off the board Any upcoming match without odds posted is considered to be off the board. Unexpected changes such as injuries or weather can amke bookmakers place an OTB where the odds would normally be.

Outright betting A form of ante or futures betting. Over Betting that the total points scored in a game by all teams will be more than the number given by the bookmaker. Overbroke Markets where the odds are in favor of the bettors, rather than the bookmakers.

Overround Markets where the odds are in favor of the bookmakers, rather than the bettors. You can then bet if you think the total will be over or under that ore-set number. P — R A combination of multiple bets folded into a single wager. Payout This is the amount you win, plus your original risk, on a successful wager. Point Spread The pre-set number set by the bookmaker representing the gap between the winning and losing team. Post time The time that horses and greyhounds are scheduled to leave the gate, starting the race.

Power Ranking The standings that order all the teams in the league from best to worst. The decision is arrived at combining a number of statistics. Price This is the amount it costs to play a particular bet. It is based on odds and reward. Prop proposition bet Bets that do not have to do directly with the end result.

They are exotic bets that become even more popular during major sporting events. Public money Large sums placed on the favorites. Puckline The number of goals that an underdog must stay within or a favorite must win by, to cash a winning ticket. Push Any bet that ends on a tie or directly on the spread. If neither side can be said to have won or lost, it is a push, and the original stakes are returned. Quarter bet see first half, second half bet Any bet that is made on based on a first, second, or third quarter.

Rag A slang term for the underdog. Reload bonus Additional funds credited to accounts at online sports books when a deposit is made. Rotation number The number a bookmaker assigns to a bettor, primarily used in Las Vegas. Round Robin A type of parlay of at least three legs that covers all possible wagers. Run line A handicap, against-the-spread baseball wagering option. Normally set at 1. S — Z Hopping between sportsbooks to take advantage of price and bonus differences.

Second half bet A bet on what will happen after the first half of a match. You can normally find these bets in live betting after the end of the first half. Sell When a bet is seen as being posted too high. Sharp An experienced bettor who knows how to make profitable bets. SP The starting price is the opening odds for greyhound and horse races. Special Another term for bets that are not covered by moneylines, against the spreads, and game totals.

Also known as props. Split-ball handicap Two handicap bets on a single wager that have different values. Sportsbook general term Another name for a bookmaker. Where odds are posted, bets are accepted, and fun is had. It is generally marketed towards parents and is seen as a tool to protect vulnerable users.

It blocks sites by content rather than URL although you can still do this. It can block all kinds of inappropriate content and it also comes with a lifetime filter updates, so you can use it long-term. GamBlock GamBlock is a piece of software that specifically targets all kinds of gambling and blocks the websites. It can be used privately and commercially and has been available to use since Betfilter Betfilter has over , downloads and an anti-gambling piece of software. It blocks access to online sites, servers, and applications.

It can be used for self-exclusion or to help control access on home computers. Excluding yourself via mobile is easy, check out the boxes below for more details. Qustodio Qustodia is a content filter app, designed specifically for mobile phones.

There is both a free and premium version available to use. Gamban Gamban is a technical solution for blocking all gambling sites on your phone. With this app you can impose a self-exclusion with an easy to use app that can be utilised by anyone.

Its sole purpose is to block gambling sites and nothing else. The Commission is responsible for the licensing process for bookmakers, as well as creating a framework they must follow.

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