Betting stake 4 letters ending
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Place conditions vary in relation to the number of participants. Mostly commonly, but not exclusively, used in horse and greyhound racing. Elo ratings Invented by Hungarian-born American master level chess player and physics professor Arpad Elo. A way of comparing the skill levels of players in competitor-versus-competitor games. Expected goals The number of goals a team or teams would expect to score in a match.
This is determined by assigning a value to shots on goal, the number of shots, shot location, the in-game situation and the proximity of opposition defenders. Expected value The amount a player can expect to win or lose if they were to place a bet on the same odds many times over, calculated through a simple equation multiplying your probability of winning with the amount you could win per bet, and subtracting the probability of losing multiplied by the amount lost per bet. Exposure Potential losses to which a sportsbook or bettor is exposed to in a given market or bet.
Favourite see also Chalk , Jolly The selection that the markets sees as the most probable winner of a given event. The quoted odds reflect the extent to which the choice is favoured. First half bet see also Second half , Quarter bet A bet on the outcome of the first half of a game only. Fractional odds Future see also Ante-post , Proposition , Special Odds for the winner of a specific future event often posted far in advance of it occurring.
Grand Salami Betting on the grand total of goals scored in all the listed games of the day within a specific league e. Half time bet see also First half bet A bet on the result of the first half of a game only. Half-ball handicap A Handicap which is 0. Handicap A numerical figure set by the bookmaker to counter the perceived bias in abilities of opponents - this provides more balanced odds.
Handicapper Someone who uses maths based rating systems to forecast outcomes on sporting events and place bets accordingly. Handicapping Forecasting the outcome of sporting events using maths based rating systems and placing bets accordingly. Handle The total volume of bets on an event taken by a bookmaker. Hedging see also Arbitrage Betting on both sides of a market, or several selections within a market, to exploit the advantage of price discrepancies, or limit losses.
For more information, read our guide on how to hedge a bet for guaranteed profit. Holding your own Neither winning nor losing, just breaking even. Home field advantage Often abbreviated to HFA , refers to the perceived advantages enjoyed by the home team. If bet Multiple bets which are conditional on a sequence of outcomes.
In-play betting see also Live-betting Betting on an event that is in progress. Regular betting markets close once the event starts, in-betting odds reflect the progress of the event in real time. Juice see also Commission , Margin , Vigorish The implied cost of placing a bet set by the bookmaker.
Bookmakers inflate the perceived likelihood of an event - as represented in their odds - suggesting it is more likely than underlying probability. Kelly Criterion see also Staking method Popular staking method which suggests that stake should be proportional to the perceived edge. Laying the points Backing the favourite on the Points Spread and therefore accepting the points Handicap.
Layoff Where a bookmaker reduces liability by covering a bet at another bookmaker; or where an individual bettor reduces risk, limits losses or locks in a profit by backing both sides of a market, or several selections within a market.
Listed pitchers Live-betting see also In-play betting Betting on an event that is in progress. Regular betting markets close once the event starts, live-betting odds reflect the progress of the event in real time. Lock see also Banker Selection which is considered especially likely to occur; often the cornerstone of a Multiple bet.
Longshot A selection with long odds very low probability suggesting it an unlikely to winner, but offering a proportionately high return. Margin see also Commission , Juice , Vigorish The implied cost of placing a bet set by the bookmaker. Match bet A bet that focuses on the performance of two variables against each other within an event e. Non-runner Selection that will not participate in any given event.
Novelty bet see also Special A bet on an event which cannot be easily assessed in common handicapping terms, and is offered for its novelty value e. Winner of a reality TV show. Odds see also Line , Price A representation of the perceived frequency of an event derived from the underlying probability which enables betting. Odds format Different international conventions that have been developed to represent odds. Off the board Outright betting see also Ante-post , Future , Special Placing a bet on the winner of an entire competition, instead of a single match e.
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