Football betting is one of the most common sports bets, but it can be confusing for fans who are unfamiliar with some of the words used when betting. Online bookmakers and online casinos are increasingly introducing new betting options and betting markets to their sportsbooks in order to make betting sites more attractive to bettors.
Bettors have long adopted these emerging markets and betting formats all over the world. Still, players who are new to the online betting world are likely to struggle to understand them. So if you read or hear some terms on the latest gambling news on your regular betting site that you didn’t know, here are the most popular Football betting terms that can help you and add to your understanding.
When you first start betting on football, you can familiarize yourself with the terms used by bookmakers and gamblers.
The word action is used to refer to placing a bet, regardless of the type of bet or the amount of money gambled.
● Bookmaker or Bookie
A Bookmaker or also known as a Bookie, refers to an entire company or an individual who is in charge of accepting and paying out bets placed by bettors on football games or other sporting events. You can find out here some bookies where you can bet on.
It is a term used to describe the sum of money you have set aside for gambling reasons.
It commonly used the term as the commission paid by bookmakers. This terminology is also known as vigorish among betting enthusiasts.
The word “return” is used to describe the amount of money you will earn after winning the bet.
Tipster is a term used to describe people who have tips on the most likely result of matchups.
● Underdog and Favorite
Underdog applies to a team that is predicted to lose the match, while the Favorite is the opposite; it is the team that is predicted to win the game.
Major Betting Line Terms
The majority of the jargon and slang used when betting on soccer has to do with various methods of placing bets. If you are still learning the ropes of football betting, you might be surprised to know that, unlike most other sports, football offers a wide variety of bet styles.
● Accumulator Bets
Accumulator bets are single bets that are paired with other bets to form a single bet. The said betting style has four or more selections or legs, and all of your selections must win in order for you to take it all. You will lose the whole wager if any one of the legs fails.
● American Odds
This kind of odds format is displayed differently in the United States than in the rest of the world. In the US, the odds are shown as a + or a – number. Outside the US, the same odds could be expressed as a fraction or with a decimal point.
● Asian Handicap
Asian Handicap betting is a type of sports betting where the player is given a virtual advantage, and you wager on which team will win as a result of the handicap. When one team is a heavy favorite, this is mostly done to even out the odds.
● Moneyline Bet
A simple bet that involves betting on a single selection is to act as a straight bet. Such bets include placing a wager on a team that you believe has a good chance of winning or betting on a tie.
● Over/Under Betting
Over/Under bets allow you to predict whether a certain event in the game, such as the total number of goals or other numbered statistics, will occur. You wager on whether the game will end with a score that is greater than or less than the sum shown on the bet.
● Spread Betting
Spread betting is when you put a wager on a particular spread set by the bookmaker. It means you are betting on the accuracy of the forecast instead of the game’s eventual result. For instance, if a team will win or lose by a certain number of points.
● Three-way Handicap
It is also called as European Handicap. One team has a handicap for the bet, and you put your wager based on that handicap. You may place a wager on whether the team wins, lose, or draw.