What Is The Difference Between Formula 1 2 And 3 A Guide to Common Soccer Betting Terms

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A Guide to Common Soccer Betting Terms

Battery.

This is sometimes called a parlay. A bet where winnings from one bet are placed on the next bet. Winnings accumulate, giving a large theoretical return. In reality, it’s not very profitable because it only takes one to lose and your entire bet is gone.

Arbitrage.

A combination of bets that guarantees a theoretical risk-free profit. They sometimes occur when one bookmaker offers a price that is not in line with the rest of the market. The odds don’t last long as the bookies adjust their prices accordingly.

Asian Handicap.

The type of bets where one team is given a handicap is the probability that the handicap will be exceeded around even numbers and the probability that the handicap will not be exceeded. Popular in Asia.

Banker.

A bet that is most likely to win. For this type of bet, the odds are usually less than 1.5.

Betting Exchange.

A place where people bet against each other. The exchange takes a commission on every winning trade.

Book value.

Over-round, which the bookmaker takes into account the odds. For example, a typical football match is booked at 110%, which means that if you bet on all results, you will lose about 10%. Very similar to payout defined as 100/book value. To calculate book value, just use this formula book value = 1/result1_coefficient + 1/result2_coefficient + …

Bookmaker, bookmaker.

The person who accepts the bet.

Decimal coefficient.

The coefficient is expressed as a decimal, the bet is included in the total price. For example, a decimal odds of 3 equals a fractional odds of 2/1 because the bet is included in the former but not in the latter.

Double.

Accumulator with 2 stakes.

Double chance.

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

Don’t draw.

A bet where a draw returns your bet. This is exactly the same as the +0 Asian Handicap.

In every way.

A type of bet where you can still win if your picks are 2nd/3rd/4th depending on the market. The bet is split in two, half placed on consecutive wins and half placed on, say, the next 4 places. It is popular in horse racing but is used in football, some markets e.g. Scorer of the first goal.

European Handicap.

Do not confuse with Asian disabilities. This is where a team is given a goal kick but the bet cannot be drawn. Three prices will be awarded: one for the handicapping team, one for the handicapping team, and one for the handicap draw. For example, if a team is given a +1 European Handicap and loses the match by one goal, the bet will still lose, unlike the Asian Handicap where bets are returned. +1 handicap equals +0.5 Asian handicap, -1 handicap equals -1.5 Asian handicap.

Evens.

A bet with odds of 1/1 as a fraction or 2 decimal places. You basically double your money if you bet on it and it wins.

Betting with fixed odds.

Here you will know what you stand to win or lose when you place a bet. Your winnings and liability are fixed. Compare with betting.

Fractional coefficients.

These are popular ways of expressing odds in Great Britain. The contribution is not included in the return. For example, 2/1 is equal to 3 decimal places because it expresses only the winning part of the bet.

Goal line, under/over shots, total goals.

All similar markets focused on total goals in the game. Under/over usually means 2 or less goals for undershots and 3 or more goals for overs. The goal line is essentially the same as under/over shots, but the bet can tie. For example, if the goal line is 3, a game with 2 goals over few goals wins unders, a game with 4 or more goals wins overs, while a game with exactly 3 goals voids the bet. Sometimes the goal lines have quarters, e.g. 2.25, here there are exactly 2 goals in the match, unders bet will win half, overs will lose half. Objective totals are usually expressed in brackets of 3, 0-1, 2-3 and 4+.

Part-time/full-time, sometimes referred to as dual performance.

Here you bet on half time and full time results.

Make a bet.

This is what the bookmaker does when they accept the bet. It is possible to make your own bets at the betting exchange.

Odds against.

A bet where the odds are greater than even.

Odds on.

A bet where the odds are less than even.

Scorecast.

This is a bet where you predict the first goal score and the correct score. The odds are good, but getting them right is very difficult.

Spread betting.

An increasingly popular way of betting where the return is not fixed. You have to distinguish between what the bookies define as the spread and what you think will happen. For example, during the first goal market, a bookmaker may offer a 26-29 minute offer. You can go below (buy) or above (sell) this difference. If you bet under and a goal is scored in the 6th minute, you will win 20 (26-6) times your bet. However, if it gets hit in the 80th minute, you end up losing a lot of money.

Three-way betting, or 1X2.

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

Empty bet.

In Asian handicap terms, this is where the bet drops. Invalid bets may also occur in other markets, for example in the first goalscorer market, if your player is not on the pitch when the first goal is scored, the bet will be void. May happen when matches are postponed or abandoned.

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