The world of sports betting is thrilling, but for beginners, the jargon can be overwhelming. This article explains the basic betting terms in simple language, so anyone can navigate the topic with confidence.
The stake is the amount of money you place on a bet. For example, if you bet €10 on a team’s victory, your stake is €10.
The odds indicate how much you can win based on your stake if your bet is successful. For instance, if a team’s victory has odds of 2.00 and you bet €10, you’ll win €20 (€10 x 2.00).
The outcome is what you’re betting on. For example, in a football match, the outcomes could be: home win (1), draw (X), or away win (2).
This is the simplest form of betting, where you wager on a single outcome, such as a team’s victory.
You bet on multiple outcomes on one slip, and you only win if all your predictions are correct. The odds multiply, offering higher potential winnings, but the risk is also greater.
In handicap betting, one team is given a virtual advantage or disadvantage to level the playing field. For example, if a team starts with a -1 goal handicap, they need to win by at least 2 goals for your bet to succeed.
In this type of bet, you predict whether a specific event (e.g., the number of goals) will be above or below a certain threshold. For example, “over 2.5 goals” means there must be at least 3 goals in the match.
Bets placed during a match, with odds that change based on the game’s progress. For example, after a goal, the odds are updated instantly.
Your bankroll is the total amount of money you’ve set aside for betting. It’s important to only risk what you can afford to lose and to limit your stake to a small percentage of your bankroll (e.g., 1-5%).
Cashout allows you to close your bet before the event ends, securing some profit or minimizing losses.
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