Glossary of Betting Terms

Updated: Feb 24


Pretty much every day of my life as a tipster I'm asked what something means. In betting, especially on Twitter where there are character limits there's a plethora of abbreviations that if you're new to betting can be difficult to understand. Here's a quick glossary of some betting terms to help you understand the various terms used on social media by tipsters:

If you've got anything that you think should be added to this list, feel free to tweet me @InplayMan and tell me and I'll happily put it on the list

A

  • AH - Asian Handicap (see my guide on Asian Handicaps for more information)

  • AGS - Anytime Goalscorer

  • Acca / Accumulator - a bet using multiple selections

  • Arb / Arbitrage - to back all outcomes of an event in such a way that a win is guaranteed

B

  • BTTS / BTS - Both Teams to Score / Both To Score

  • Back - to "back" a bet means to bet on the outcome happening

  • Banker - a bet that is expected to win

C

  • Cover - if you backed Over 2.5 Goals in a game and there were 2 early goals, the act of then backing Under 2.5 Goals to guarantee a win either way is known as a "cover" bet

D

  • DNB - Draw No Bet - You get a refund if the game ends in a draw

  • DC - means double chance, backing a team to either win or draw a game

  • Drift - when the price of your selection gets bigger over time

  • Double - two selections that both need to win for your bet to win

E

  • EH - European Handicap - basically the 3-way-handicap

  • Evens - when the price of a selection is 2.00 or 1/1

  • Each Way - consists of 2 bets, the first half is for your selection to win, the second half is for your selection to place and will be paid out in accordance with the bookies place terms

F

  • FH - an abbreviation of First Half

  • FGS - First Goalscorer

  • FT - Full Time

  • Favourite - the most likely outcome of an event according to bookmakers

  • Form - a guide of recent performances

G

  • GG - an abbreviation of Goals Galore, the same as Both Teams to Score

  • Google - a website which can be used to find the answers to things

H

  • Handicap - a way of creating value in bets by either giving a team a goal or more headstart or starting from a losing position. E.G. Man City -1 Handicap would mean they need to win by 2 or more

I

  • IWAC - means "In With a Chance" and is normally used in Horse Racing to describe an outsider that has a chance of winning

  • IPM - an abbreviation of InplayMan, me :)

  • Inplay - betting on a selection that is happening now and live

J

K

L

  • LGS - Last Goalscorer

  • Lay - the opposite of backing a bet is to "lay" it or to bet against a particular outcome

  • Longshot - an outsider that is deemed to have less chance of winning by the bookmakers

  • Lump - the act of putting a larger than normal bet on a selection. Not reccommended, see my article on Staking Plans

M

  • MG - Match Goals - the total number of goals in a match

N

  • NAP - mainly used in Horse Racing to describe the best bet of the day

  • NB - stands for "Next Best" and is again mainly used in Horse Racing to describe the 2nd best bet of the day

O

  • O1.5, O2.5, O3.5 etc - The O here simply means Over

  • Odds On - when the price of a selection is lower than EVENS it's described as "Odds On"

  • Odds Against - when the price of a sleection is greater than EVENS it's described as "Odds Against"

  • Outlay - the amount of money you have on any selection

P

  • Punt - to have a "punt" simply means to have a bet

Q

R

  • RG / Responsible Gaming - betting only what you can afford to lose

  • Rball / Rollerball - the stats which are shown on in-play games showing you how many attacks and shots each team has had is often referred to as Rball

S

  • Shorten - when the price of your selection gets lower over a period of time

  • Single - a bet containing only one selection

  • Spreads - another term for handicap

  • SP - means "starting price" and indicates the price of a selection at the point when the event begins

  • Stake - the amount you place on a selection

T

  • TG - Team Goals - O1.5TG for example would mean you need a team to score 2 or more

  • Treble - 3 selections that all need to win for your bet to win

  • Trixie - a bet with 3 selections where your stake is placed equally on 3 doubles and a treble. E.G. A 50p trixie on selections ABC would total £2 with 50p placed on AB, AC, BC and ABC

U

  • U1.5, U2.5, U3.5 etc - the U here simply means Under

V

  • Value - often misinterpreted as "Odds Against" / a bet over evens, but is actually the different between the bookmakers price on any selection vs your personal opinion of an event happening. E.G. If you feel Liverpool have a 70% chance of winning this weekend, they should be priced at 1.43 or 4/9. If instead they were priced at 4/6 then this indicates value for you as you feel the likely outcome is greater than the price being offered

W

  • WDW - means Win-Draw-Win and is often used to describe the most popular market in football betting which is the outcome of the match

  • Wankers - a term often used to describe teams who let you down or tipsters like @footballacca

X

  • X - often used to abbreviate a DRAW in football

Y

Z

OTHER

  • 1X2 - 1 means home win, X means draw, 2 means away win. People often combine these by saying 1/X which can mean home win half time / draw full time

#betting #glossary #explained #asian #spread #DNB #doublechance #bets #help #abbreviations #AGS

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