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## A Guide to Common Soccer Betting Terms

**Accumulator.**

Sometimes called a parlay. A bet in which the winnings of one bet are placed on the next bet. The winnings are accumulated and give a big theoretical profit. In fact, it is not very profitable, because it takes one to lose and your entire bet is lost.

**Arbitration.**

A set of bets that guarantee a theoretical risk-free profit. These sometimes happen when one bookmaker offers a price that is not in line with other markets. The odds don’t last long as the bookie adjusts their prices accordingly.

**Asian Handicap.**

The type of bet in which a team is given a handicap creates the odds of beating the handicap around evens and the odds of not beating the handicap around evens. Common in Asia.

**Banker.**

A bet with a high probability of winning. For this type of betting, the odds are usually less than 1.5.

**Betting Exchange.**

A place where people bet against each other. The exchange receives a commission from each winning trade.

**Book value.**

The excess period that the bettor brings to the odds. For example, a typical football game is ordered up to 110%, which means that if you bet on all the results, you will lose about 10%. Very similar to the fee, which is defined as 100 / book value. Just use this formula to work out book value, book value = 1/outcome1_otds + 1/outcome2_otds + …

**Bookmaker, bookmaker.**

The person who accepts the bet.

**Decimal coefficients.**

The coefficients are expressed as a decimal number and the share is included in the total price. For example, the decimal odds of 3 are equivalent to the fractional odds of 2/1 because the contribution is included in the former but not the latter.

**Double.**

Accumulator with 2 bets.

**Double chance.**

A bet offered in a 3-way market where you bet on 2 outcomes. For example, you can bet on a home win or a draw. The odds are usually very low, but you are more likely to win.

**Don’t bet.**

A bet where the draw will refund your stake. This is exactly a +0 Asian Handicap.

**Any way.**

A type of bet where you can win if your selection comes in 2/3/4 depending on the market. The bet is divided into 2, half of it is placed on the right win and half of it is placed on, say, the next 4 places. This is common in horse racing, but is used in football, in some markets, e.g. The first scorer.

**European Handicap.**

Do not confuse with Asian disabilities. Here, the team is awarded a goal, but not bet. Three prices are offered: for a team with disabilities, one for a team with disabilities, and one for a group with disabilities. For example, if a team is given a +1 European Handicap and loses the match by one goal, the bet is still lost unlike Asian Handicap where bets are returned. +1 handicap is equal to +0.5 Asian handicap, a -1 handicap is equal to -1.5 Asian handicap.

**The air**

A condition where the odds are 1/1 fractional or 2 decimal. Basically you double your money if you bet on it and it wins.

**Bets on fixed odds.**

Here you know what you will win or lose when you place a bet. Your winnings and responsibilities are “fixed”. Compare with spread betting.

**Fractional probability.**

These are a common way of expressing disagreements in Britain. The share is not included in the refund. For example, 2/1 is equal to 3 decimals because it only represents the winning part of the bet.

**Goal Line, Under/Over, Total Goals.**

All similar markets are centered around common goals in the same game. Under/over usually means 2 goals or less, for under and 3 goals or more. The goal line is virtually the same as under shots/overs, but the bet can win. For example, if the goal line is 3, a game with 2 goals or more wins the under, a game with 4 or more wins, while a game with exactly 3 goals voids the bet. Sometimes goal lines have quarters in them, e.g. 2.25, here is exactly 2 goals in this game, the bets below will win half, while the bars will lose half. Common goals are usually expressed in 3 brackets, 0-1, 2-3 and 4+.

**Half Time/Full Time, sometimes called a double result.**

This is how you think about what the results are at half time and full time.

**Make a bet.**

This is what the bookmaker does when accepting a bet. You can bet yourself at the betting exchange.

**Probability against.**

A condition where the odds are greater than even.

**He has confidence.**

It is a condition that the odds are less than even.

**Report.**

This is a bet where you predict the score of the first goal and the correct score. The odds are good, but it’s very difficult to get it right.

**Spread betting.**

An incremental betting method where returns are not fixed. You are in between the difference between what the bookies set as the spread and what you think will happen. For example, during the first goal market, a bookmaker can offer a quote of 26-29 minutes. You can go below (buy) or above (sell) this spread. If you place a bet and a goal is scored in the 6th minute, you will win 20 times (26-6). But if it scores in the 80th minute, you lose a lot of money.

**3-way or 1X2 bets.**

Betting on a home win/draw/or away win. 1X2 because in bookmakers you mark 1 for a home win, X for a draw and 2 for an away win.

**Canceling a bet.**

Bets are made here under Asian Handicap terms. Void bets can also occur in other markets, for example in the first goals market, if your player is not on the field when the first goal is scored, the bet is void. It may happen if games are delayed or abandoned.

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