The Line represents how many points better one team is than another. Betting on a sports match where the two teams have a significant difference in skill may not look attractive. The dominant team may be a 95% chance of winning and therefore not be terrific value to bet on. The handicap line solves this problem. If the bookmakers think that the dominant team is 30 points better than the weaker team, the dominant team will be given a handicap of -30, and the weaker team a handicap of +30. By backing the dominant team at -30, we are now making a bet that they will win by more than 30 points. By backing the weaker team at +30, they may still lose the match, but if it’s by less than 30 points our bet still wins!
The line will usually be posted in half points such as 30.5 to avoid a draw/push.
The points total betting markets are exactly that, a market to bet on how many total points will be scored by both teams in a match. If you think both teams are high scoring, bet on the overs. If you think it will be a low scoring match bet on the unders.
The head-to-head price represents the odds of each team winning the match. The Head-to-head market is the most common betting market, representing each team’s chances of winning.
A unit represents how much of one’s bankroll they should outlay on a bet. 1-unit is typically considered to represent 1% of a betting role. If someone’s placing 2-3 units on a single bet, it shows they have high confidence on it. It’s rarely considered safe to place more than 5 units on a single bet.
A team’s Against-the-spread (ATS) record shows how many times they have beaten the bookmakers handicap. A team may have only won 25% of their matches this season but have an ATS record of 30-10 (75% ATS win rate), showing that they beat the bookmakers handicap on 30 out of 40 occasions, and therefore have been doing better than the Bookmakers expected.
An investment term indicating what percentage one would be in profit for each dollar turned over.
A form a reward/enticement provided by bookmakers, allowing customers to bet on a match/race without directly risking the customers own cash.
Note: Bonus bets do not represent cash.
An individual’s sum of money set aside to bet with. While most punters, don’t have a pot of cash put aside, it could be considered the amount of money they are willing to spend/lose gambling in 1-year.
It is widely accepted that one of the most significant skills in being a successful punter is bankroll management. No matter how smart/informed you are, if you consistently bet too much money at once, chances are you will go broke.
A bet made up of a series of single bets. A type of multi where the bet can use varying combinations of each single leg to make up the parlay.
A bet depending on more than one outcome. The odds of each single leg are multiplied by each other to find the odds of the multi winning. The bettor needs every single leg to win in order for their multi to payout.
The opposite of tote odds, fixed odds guarantees the punter will receive a specified payout in the event their bet wins. Just about all Sports bets are placed on fixed odds. The distinction between fixed and tote typically arises on racing bets.
In horse racing the fixed odds may still change due to ‘deductions’.
Bets placed through the tote are placed into a single pool and winnings are divided and payed out from this pool. The odds one receives when betting on the tote is dependent on how much money has been placed on that same option and how much money is in the pool. A tote priced is not a fixed price and will continue to change until the pool is closed.
In Australia, the tote refers to the TAB’s price.
To risk money on an outcome.
The opposite of backing a team. Laying a team means you think they will lose and are positioned to win money when they lose. Bookmakers Lay runners, while the punters back runners.
The most common betting market in soccer, this market will always contain a draw price. If the you back a single team and the match is drawn, your bet will lose.
A bet made on future outcomes. Sports futures bets are typically bets on how teams/players will fair over the whole season. Racing futures are bets on races being ran in future weeks, where the final field has usually not yet been determined.
Premiership bets, season top goal scorer bets and Melbourne Cup All-in bets are all futures bets.
AKA margin betting, big-win-little-win
A bet on both which team will win and by how much they win. A typical margin betting market contains five options, eg:
In Australian sports, the standard margin betting options for AFL are 1-39 and 40+; and for NRL, 1-12 and 13+.
The Bookmaker’s margin represents what percentage of money placed on a market the bookmakers expect to profit. In tote or pool betting this amount is a fixed percentage of the pool, so the bookmaker typically bears little to no risk.
The maximum amount of money you can place on a runner. Bookmakers need to set limits on markets to manage their risk. Bookmakers will often calculate their limits in terms of maximum pay-out rather than maximum stake.
The team considered most likely to win by the bookmakers. The team with the lower head-to-head price or the negative handicap is considered the favourite.
A horse or team that is odds-on is considered more than likely to win. Technically, the runner is considered to have a greater than 50% chance of winning, or odds lower than $2.
The price of a horse/team has shortened, indicating there’s a perceived strengthened belief that they will win.
There is a strong focus on Firming odds because 1) it is an indication that Smart-money or large volumes of money have been placed on the selection, and 2) Firmers have historically won more often than drifters.
The price of a horse/team has heightened, meaning you will now get a greater return if you back them. This isn’t necessarily good news as a drifting price indicates that no one believes they will win, or the market is becoming increasingly confident in their competitor.
The team considered least likely to win by the bookmakers. The team with the highest head-to-head price or the positive handicap is considered the underdog.