Football Betting Terms Explained
- A guide to common football betting terms. Sometimes called a parlay. A bet where the winnings from one bet are placed on the next bet. The winnings accumulate, giving a large theoretical return. In reality, not very profitable as it only takes one to lose and your whole bet loses.
- Sports betting lingo can be confusing, especially those new to the industry. The glossary below contains many of the most commonly-used terms, concepts and strategies that you will see on this site and across sports betting as a whole.
- Football betting terms explained Betting on football is one of the most popular types of sports bet but it can be tricky for fans unfamiliar with some of the terms. Yes, football is possibly the most straight-forward sport on the planet. After all, the players simply have to kick the ball in the goal more times than their opposition.
Football betting is one of the most exciting sports to place your bets on and there are millions of fans around the world that enjoy doing so regularly.
In terms of the handicap in NFL betting, there are a few key numbers that bettors should be aware of. By understanding what the key numbers are, you can avoid betting on a bad handicap and can even work out which team the bookmaker wants you to bet on.
However, those new to the betting scene are sometimes unsure about different football betting terms, how betting on football works and most importantly how to place winning bets.
That’s why we wrote this football betting guide which will explain the key strategies, betting terms and other important information you need to know so you can make more profit from your football bets in 2019.
Football Betting Terms Explained Definition
Ready? Let’s jump right in.
Football betting explained
One of the most common questions we get asked is whether you should place your football bets at a bookmaker or a betting exchange.
So to kick off our football betting guide, we’re going to look at the difference between a bookmaker and a betting exchange plus the benefits of each platform when betting on football.
Bookmaker or exchange for football betting?
So what’s the difference between a bookmaker and betting exchange?
Bookmaker
A bookmaker or bookie as it’s often referred to is your traditional betting platform. This is the most common and popular type of betting company and one that you’ll probably use regularly.
Examples of a bookmaker include Ladbrokes and Coral. At a bookmaker, you effectively bet against the company when you place a wager.
If you win your bet, the bookie loses and vice versa.
Bookmakers offer a range of features that still makes them the most popular betting platforms in 2019.
Some of their benefits include:
- Great promotions and bonuses
- Boosted odds
Great promotions and bonuses
Bookmakers typically offer a great range of promotions to their new and existing customers. They use them to incentivise punters to place more bets. However, you should use them to increase your football betting winnings.
Here’s a great example of a football betting offer you should consider using.
Boosted odds
One of the benefits of using a bookmaker, is you have access to features such as boosted odds whereas using a betting exchange you don’t, as we’ll look at below.
Much like the promotions and offers mentioned above, odds boosts will only help increase your football winnings if you pick wisely and land your bet.
So what about betting exchanges for your football betting?
Betting exchanges
A betting exchange is another common betting term you’ll come across.
An exchange is an online marketplace which matches gamblers together. A betting exchange doesn’t take on any bets like a bookmaker does meaning you don’t bet against the company. You’re betting against other punters. It’s a peer to peer platform.
The betting exchange makes money by charging a commission on players’ net winnings rather than building a profit margin into the odds. This means you’ll generally get better value odds at an exchange like Smarkets as well as other benefits which we’ll look at below:
- Both back and lay bets available
- Bet against other punters
- Better value odds
Back and lay bets
Both back and lay bets are available at betting exchanges which is something not available at a bookmaker. For the majority of football punters, they’re only interested in placing back bets.
However, for the serious bettors who win football bets regularly, they also place lay bets.
Bet against other punters
As a betting exchange is a peer to peer platform, you’re betting against other punters rather than against a bookmaker. This adds another layer of excitement as you always want to beat your ‘opponent’ and win your football bet.
Better value odds
Due to how betting exchanges work, you’re going to get more valuable odds compared to a bookmaker who has to build their profit margin into the odds.
This is great for football bettors as it means you’ll have more winnings when you land a bet.
So, overall what betting platform should you use to place your football bets in 2019? As I said at the start, it’s really up to you and depends on your needs. The right choice for me may not be the same for you.
A mixture of both is generally a solid approach.
When it comes to opening a new bookmaker or betting exchange account, check out this guide.
Awesome, now you’ve got a better idea of the different types of betting platform, let’s look at some football betting types.
Football betting terms – Different bet types
Next up in our football betting guide, we’re going to explain the different kinds of bet you can place on football.
Single bets
Single bets are the most common and popular football bet type in 2019. A single bet simply means you place one bet at a bookmaker or betting exchange.
You’ll probably start off using these bets as they’re the most simple to understand and place.
However, you can’t write a football betting guide without mentioning the incredibly popular football accumulator.
Football accumulators explained
An accumulator is a bet that contains more than four selections. For you to win the overall accumulator, each selection in the bet must win.
Accumulators have become very popular over the last few years, especially when betting on football.
As you can imagine, the winnings can be quite profitable as the probability of all outcomes occurring is quite low.
The bookmakers usually add promotions and special offers to accumulator bets, meaning the potential winnings can be even greater.
On the other hand, accumulator bets have to be placed at one bookmaker meaning you may not always get the best odds on each selection.
For more information and how to win more football accumulators in 2019, check out this article.
Football betting explained – key markets
Next up in our football betting guide, let’s look at some common football markets you should consider betting on.
Win/Draw/Win
The most basic of football betting markets, you may also see Win/Draw/Win written as 1X2 or match betting. Don’t let this confuse you, it means the same thing.
In this market, you’re betting on the outcome of a football fixture. The first part of the market represents a home team win, the second a draw and the third an away victory.
If you’re just getting started with football betting, I recommend you stick to this market as it’s the easiest to understand and bet on. Once you’ve got this nailed, you can move on to football markets mentioned below.
Both teams to score
This football betting term is pretty self-explanatory. You’re simply betting on both teams to score at least one goal in a fixture.
You should generally expect the odds for this market to be quite low unless a fixture is likely to be incredibly one-sided.
Both teams to score + win
This football betting market is the same as the one above apart from you’re also selecting a certain team to win the fixture. You’ll get better odds than the market above as the outcome is slightly less likely.
Correct score
Another self-explanatory market, in this scenario you’re simply selecting what you think the final score of a football match will be. Guessing the correct score can be quite difficult so you can expect large returns if your bet wins.
Draw no bet
A draw no bet is a football betting market that is voided if the fixture ends in a draw. In other words, your wager is returned if the game finishes level.
However, if your selected team wins or loses, the bet still stands. These markets are great for bettors who think a team may win but there’s also a chance of a draw.
Double chance
Football Betting Terms Explained Odds
A double chance bet allows you to bet on a team winning or drawing a fixture. It essentially has two parts to the bet meaning you have two chances at winning. However, you should expect much lower odds than in the Win/Draw/Win market.
Half time/full time
A betting market where you bet on the outcome at half time as well as the outcome at full time in the game.
Football betting explained – goal markets
Next up in our football betting guide, we’ll look at some common goal markets you can expect to find at different bookmakers and betting exchanges.
First goalscorer
In this market, you’re betting on who you think will score the first goal of a game. You may find several promotions available on these markets, especially if leading goal scorers are in action.
Anytime goalscorer
Similar to the previous betting market, except you’re selection can score at any time during the fixture. The odds will be lower than in the previous goal market.
Handicap
A betting market that levels the playing field between strong and weaker opponents. The underdog is usually given a head start in terms of goals.
Team to score Yes/No
In this scenario, you’re betting on a certain team to score a goal at any point during the game. If you wish, you also usually have the option to select which half you think the outcome will occur in.
Scorecast/wincast
In this football betting market, you’re staking money on who will be the first goalscorer as well as the outcome of the fixture. As you can imagine, winning outcomes are quite unlikely meaning large returns if you land your bet.
Over/Under
Another popular betting market in the online football betting world. There are many different markets that the Over/Under category can be added to. However, here are some of the most common ones you’ll come across.
Over/under Goals
In this football betting market, you’re betting whether you think the actual number of goals will be over or under a certain number.
Over/Under Corners
Similar to the market above, you’re betting on the total number of corners during a fixture. You can select whether you think the number will be higher or lower than a certain figure.
As I mentioned earlier, the Over/Under market can be added to a huge range of categories meaning the potential options are endless.
You can also bet on other types of football market including outrights and specials. However, these markets are pretty self-explanatory.
Football betting terms
Here are a few more key football betting terms you may come across once you begin your betting journey.
Back bets
When you stake money on a certain outcome happening.
Bankroll
The amount of money you have in your theoretical betting balance.
Cash-out
A popular betting feature which enables punters to close and settle their bets before an event has finished.
Football betting explained – overview
That’s it for our football betting explained article.
Betting on football is one of the most exciting sports to place your wagers on. I hope this guide has helped explain the main key terms and information you’ll need to place winning bets in 2019.
Are we missing some key football betting information? Leave a comment below and we’ll update the article.
Full-time result: Often known as 1×2 betting, you bet on the outcome of either the home team to win, a draw, or the away team to win. This only relates to the score after the standard 90 minutes and does not include extra time and penalties.
Asian Handicap: Asian Handicap betting is where each team is given a handicap, for or against, and you then place the bet with these handicaps in place.
Example Bet:Team A has a -2.5 Asian Handicap and you bet on them to win, you will only win the bet if Team A wins by 3 goals or more. If they draw, lose or only win with 2 goals or less then the bet is lost.
3-way Handicap: In European or 3-way Handicap betting, one team is given a virtual lead and you then make a bet based on that handicap. You can bet on the teams to win or draw.
Example: Team A is given a 2-0 handicap, so this means that a bet on team A will win if they either win or draw, a bet on the draw will win if team B wins with exactly 2 goals difference. Lastly, betting on Team B to win will come in if they win with by 3 goals.
Over/Under Betting: Sometimes this is abbreviated as O/U betting and it’s a case of determining whether a certain event will occur over or under a specific number of times. Over/under goals is a common bet, however, you can also bet on how many corners, cards, how many goals each team will score, plus many other options during the game.
Both Teams To Score: Also known as BTTS, this is a simple bet but very common throughout the sportsbook world. Simple bet yes or no if you think both teams will score within 90 minutes.
Football Betting Terms Explained Online
Half-Time/Full-Time Betting: You bet on both half-time and full-time results. You should note that the full-time part of the bet is for the full 90 minutes and not just the goals scored in the second half. Both predictions need to be correct for you to win the bet.
Example: If a game between Japan and the USA is 2-2 at half time but ends 3-2 in favor of the USA, the correct result would be Draw/USA.
Football Betting Terms Explained Predictions
If the USA had led 2-0 at half time and then the game ends at 4-1, the correct result would be USA/USA.
Double Chance Betting: Here you can bet on two possible outcomes of a game to give you more chances of winning. So you can bet on Home team win and the draw, if either result comes in then you win the bet. You can bet on Home/Draw, Home/Away, Draw/Away
Outright Betting: A bet is placed on the outright result of the tournament instead of a single game. Common outright bets are made in the World Cup and other Cup tournaments before they are started. You can also make outright bets throughout the tournament but the odds will be significantly less.
Scorecast: This is a bet that combines the actual score of the game along with the first, last, or anytime scorer. If your selected scorer does not start the game then your bet will be refunded.
Wincast: A combination bet where you bet on who will score anytime, first, or last along with who will win the game or draw. Both sides of the bet need to come in for you to win. However, if your selected scorer does not start the game then your bet will be refunded.