How To Read Betting Odds

Although “bet” usually means to risk something or feel sure about something, it is now commonly used as a brief response. “Bet” is now used as a positive, laidback synonym for “OK.” For example, if someone asks if you’re coming to dinner later, you might simply respond by nodding and saying, “Bet.” Please note that 888’s services are not being offered to players residing in your location. Our betting products are operated in Ireland by 888 Limited, a company incorporated in Malta, which is licensed and regulated by Ireland’s Revenue Commissioners. Our services in the UK are operated by 888 UK Limited, a company incorporated in Gibraltar.

This might lead to confiscation of winnings and cancellation of all placed bets including already determined bets. Is not aware or does not have knowledge of the outcome of the event upon which the respective bet is placed prior to the conclusion of the agreement. A number of bets may be treated as being one when a customer sends multiple copies of the same bet. LV BET reserves the right to void all bets where there may be evidence of collusion between two or more Clients or where there is suspicion that the Account is being used by different individuals. The Operator reserves the right to offset any positive Account balance held by you with any other of our other websites in settlement of such debt. 10.3 Any funds credited to the User’s account as a result of an error, mistake or omission must be returned to the Operator immediately upon demand.

Wentz deserves the most credit for getting them through those first games. Where the player’s betting limits informative post are less than the FreeBet value, the FreeBet will have to be forfeited. Where offered, a FreeBet can only be used once and within the time frame displayed on screen.

The Betting Terms Betting Exchange

Name for a race classification that features some of the best horses at any track. Typically offers a large purse and requires owners to put up an entry fee in order to compete. Proprietary measures often used by horseplayers include Beyer Speed Figures, Equibase Speed Figures et al. Race scenario in which the early lead is hotly contested by multiple horses. Such races take an exceptional effort to be won near the front of the pack and can sometimes provide come-from-behind horses with their best chance to succeed.

Longshot Bet

Ah, that glorious moment in which a team is hopelessly going to lose your bet, but rallies in the final minutes for a garbage-time consultant touchdown, basket or goal to unexpectedly cover the spread. Nothing should warm your heart more than betting a 14-point football underdog, looking up and seeing them winning by 10. When a basketball team misses a jumper at the end to cover, it’s probably not a bad beat. When you bet on a 4-point underdog in the Super Bowl, they lead 28-3 and don’t end up covering, that is a bad beat. When you spend 95 percent of a game assuming you have a winner and then are ripping up a ticket at the end, that qualifies.

An overlimp is sometimes also referred to as a ‘limp behind’. One-Gap –A term used to describe two cards which are not in direct consecutive order but instead contain a gap of one. For example, 79s in Hold’em can be described as a “one-gapper”. It describes the best possible low hand in a lowball variant of poker. Nit –Describes an extremely risk averse player who hardly plays any of his starting hands.

Before we get started, let’s take a look at what odds actually are. Odds are a set of numbers which indicate the likelihood of an event taking place. In gambling terms, the odds aren’t a true representation of probability, but show the ratio between the amount bet and the payout based on the probability calculated by the bookmakers. In this example the Jets are listed as four-point favorites (-4) over the Bills and the 49ers are three-point underdogs (+3) against the Seahawks. So, if you bet $110 on the favored Jets, they must defeat the Bills by more than four points in order to win $100.

What Is Arbitrage Betting?

If Texas happens to win by six points, both your bets cash in. Texas winning by either five or seven gives you a win and a push. Any other result creates a win and a loss, so you’re only risking the vigorish. When the lines go up for the NFL, or for the first game of the NCAA men’s basketball tournament, there are several days in between the open and the game itself where movement can take place.

Additionally, you can find more information from our own James Aguirre on how to bet on different betting platforms). Our staff has you covered with this comprehensive glossary. The same 11 bets as a “Yankee”, but with singles on each of the 4 selections as well, making 15 bets in all (also known as a “Lucky 15” or “Yankee Patent”). The same 11 bets as a “Yankee”, but with singles on each of the 4 selections as well, making 15 bets in all (also known as a “Lucky 15” or “Yap”). A “draw” in match odds such as those associated with soccer and ice hockey.

Betting Lines Explained

Mathematic probability of each horse winning, created by the amount of money bet on each horse to win. The horse with the most money bet on him has the lowest odds and is deemed the ‘favorite.’ The less money bet, the higher the odds (“longshots”). A bettor receives the odds for the horse bet when the race begins and wagering closes, not the odds of the horse at the time the actual bet was made. Wagering on horses is done via pari-mutuel wagering, a system of wagering where each player is betting against other players, not the house.

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