New to sports betting? You might find a lot of the terms used on bookmaker websites are hard to understand.
There can be a lot to take in, with plenty of jargon used by the bookmakers, though this is not to confuse you.
It is simple as there are so many types of bets, and markets, they need names to differentiate each other.
Luckily, here at Leaked Bet Tips, we are here to help you out. Read our guide to the basic terms of sports betting to find out all you need to know.
What does betting in-play mean?
Sports betting usually involves placing wagers before the action in your chosen match has got under way.
But thanks to advances in technology, it is now possible to place further bets after matches have got started.
In-play betting makes this possible, as it only means placing a wager on an ongoing match.
What are odds? How do they work?
To make moolah from sports betting, you need to have a solid understanding of odds. These are the prices offered by bookmakers on a particular event happening in your chosen match.
Odds can be displayed in two main ways on sports betting websites. These are fractions – which are the traditional method – and decimals, which are the most common alternative.
An example of odds in fractional terms would be 5/2. This means that for every £2 staked, £5 is returned – plus the stake.
A 5/2 bet displayed as a decimal would be 3.5 – which shows you win £3.50 for every £1 you decide to bet.
What is an accumulator – and how do you win them?
Accumulators constitute a significant part of sports betting. They are simply wagers that include multiple selections.
You would instead back some teams to win matches, for example, instead of just backing one of them to win.
Accumulators are a favorite for a lot of sports fans as they can offer massive amounts of potential profit.
However, the flip side of this is that they are tough to win. You will need quite a bit of luck if you are to do so!
What does each-way mean in sports betting?
Sports bets are usually to win, but there are some wagers where a second or third place can see your profit.
This is most often seen in horse racing, where bookmakers offer each-way bets on all the top races on offer.
Your stake would be split, half of it going on the horse to win and a half on it going on the horse to be placed.
A bookmaker might offer 1/4 of the odds to win the race for the horse to finish in the first four of the results.
This can be an excellent way to profit on outside bets in this sport as the odds involved can be tremendous indeed.
Although each-way bets are usually seen in horse racing, they are available for many other sports as well.
For example, an each-way bet in football could be for a team to reach the final of a tournament.