| Treble | A treble is a multiple whereby three selections are chosen to win in seperate independent events. All three selections must win in order for a treble bet to payout, if any or all selections lose the treble losses. |
| Short Odds | Short odds generally refer to odds less than evens. These have a relatively high chance of winning, and small returns proportional to stake. |
| Single | A single is a bet on one selection winning and will be settled as a complete loss of stake, or a return of stake and profit. |
| Staking | The amount of money placed/bet on a selection. This is the amount of money liable to be lost should the selection not win and is the amount deducted from a betting account balance as the bet is placed. |
| Return | This is the money returned from a bet. The odds on a selection are used to calculate the return which is made up of the profit, and the stake. |
| Profit | This is the money won on a bet in excess of your stake amount. The odds on a selection are used to calculate the profit based on the stake amount. |
| American Odds | A way of presenting the odds of an outcome occuring. American odds show how much would need to be staked to gain a profit of 100, with both negative and positive numbers quoted, negative numbers signify shorter odds. So if the odds are -160 you would need to stake 160 to gain 100, if the odds were +400 you would gain a 400 Profit off the 100 stake. |
| Decimal Odds | A way of presenting the odds of an outcome occuring. Decimal odds show the return available on a bet, relative to the stake. For a winning bet the return needs to subtract the original stake to give the total bet profit. As an example at odds of 3.00 a stake of |
| Double | A double is a multiple whereby two selections are chosen to win in seperate independent events. Both selections must win in order for a double bet to payout, if either or both selections lose the double losses. |
| Even Money (Evens) | Odds of evens refer to odds of 1/1 (2.0) where by your stake equals any profit you make. A toss of a coin involves an evens chance of both tails and heads occurring in one toss of a coin. |
| Favourite | The selection which has the best chance of winning than any other selection according to the bookmakers odds. The favourite is the shortest priced selection in an event. |
| Fractional Odds | A way of presenting the odds of an outcome occuring. Fractional odds show the profit available on a bet, relative to the stake. For a winning bet the profit is added to the original stake to give the total bet returns. As an example at odds of 3/1 a stake of |
| Handicap | A bet whereby a selection is given a disadvantage/advantage to the actual final result. If the home team was subject to a one goal handicap (Home Team -1) they would need to win by 2 goals or more for the bet to win, if the home team won by exactly 1 goal the bet would settle as a draw, and if the game finished as a draw or an away win the bet would settle as an away win. Handicap bets are popular bets on games with a clear favourite as they enhance the odds on the performance of the short priced team, or offer some protection on the performance of the longer priced team. |
| Selection | A selection is an outcome that money is staked on, essentially what somebody bets on happening. Selection and bet are often used interchangeably. |
| Each Way Bet | A type of bet which pays out on a selection winning an event, or placing in an event. This is very popular in Horse Racing markets where many horses compete. |
| Void Bet (Void) | A bet which is refunded. This can occur in a number of circumstances where a game /race/event is not completed. |
| Submit a Bet | To accept the odds offered, commit a stake amount and agree to a bet. |
| Settled | Settled bets are those placed on an event which has already occured, and have either won, placed, lost or been void. |
| Arbitrage | This is a situation whereby bets can be placed on the same market in order to guarantee a risk-free profit. This takes advantage of differences in prices offered by different bookmakers, or rapidly changing market conditions. |
| Chase Losses | To bet at increased stakes to attempt to recoup recent loses, this is also termed as being on tilt (a popular Poker term). This is a dangerous way to bet, however should selections win then it is possible to clear multiple lost bets in one win. |
| Long Odds | Long odds generally refer to odds in excess of 10/1. These have a relatively small chance of winning, and large returns proportional to stake. |
| Multiples Betting | A type of bet that involves choosing several selections and staking combination bets (e.g. doubles or trebles) between the selections. Each combination is called a line and the stake per line is multiplied by the number of lines to give the total stake. As a number of lines are bet on, the payouts can vary significantly dependent on how many, and which selections and lines win. |
| Accumulator Bet | An accumulator bet consists of multiple selections chosen to win in independent events. All chosen selections must win to produce a winning payout, therefore whether all selections, or simply one selection loses, the return will still be zero. |
| Line (Bet Line) | One combination of selections in a multiple bet. For example if doubles are chosen, and there are three selections made (A, B and C), three lines would need to be placed, one for each of the double combinations available (A/B, A/C, and B/C). |
