Glossary of sports betting terms
Today, it is easier to make money on the internet especially through sports betting. However, you will need to know a few terms to better understand how the sports betting system works, this is the first step of the betting guide for beginners.
- Bankroll:
- This is a term specific to the world of sports betting. It refers to the capital invested entirely in the cause of betting.
- Betting:
- is the act of placing a bet on the probable outcome of a sporting event. Thus, in order to place a bet, the interested party must wager a sum of money.
- Betting exchange:
- is a site where bettors anonymously share sports bets. In exchange for its services, the betting exchange operator receives a commission on the bettors' winnings.
- Bettors:
- those who make bets on predictions that they believe to be probable or certain.
- Bookmaker:
- is a company that offers online sports betting options. It is the intermediary between the bettor and the traditional sports betting offices.
- Broker:
- is an online betting agent who takes care of enabling his clients to take advantage of the best odds offered by a set of bookmakers. He acts as a relay between the bookmaker and the bettor.
- Cash out:
- This expression is used to designate an alternative that allows the bet to be guaranteed. In other words, this option gives the bettor the possibility of recovering part of his potential winnings on the spot, before the end of the sporting event.
- Combined bet:
- in contrast to a single bet, a combined bet consists of predicting the outcome of several different sports matches at the same time. A good way to multiply the odds!
- Esport:
- means electronic sports. To be more precise, esport refers to the use of video games in the world of betting. Better still, it is a discipline where video game players compete in tournaments on an international scale.
- Fantasy betting:
- is a type of betting that differs in concept from previous forms of betting. Here it is no longer a question of betting on the results of a match, but rather of creating a virtual "fantasy" team in order to compete against opponents.
- Handicap bet:
- the principle consists of betting on a certain point or goal difference in a sports match.
- Kamabet:
- your essential guide to betting in South Africa 😎
- Live betting :
- consists of betting on an ongoing sporting event. The odds on such a bet vary as the duration of the match decreases and depending on how the match turns out.
- Long-term bet:
- is a bet on an event that will last over time.
- Odds:
- in sports betting, the odds represent the potential revenue that the bettor could earn if the bet is successful. In general, the odds are a decimal number that must be greater than 1.
- Over/Under or Total bet:
- is betting on the total number of goals in a sports match. There are two possibilities here. The 'Over' option to bet on a higher range of goals. The second option 'Under' is the opposite of 'Over'.
- Simple bet:
- is a bet on the outcome of a single sporting event. This is the safest type of betting.
- Surebet:
- consists of betting on all possible outcomes of a sports match. In this way, the bettor gives himself every chance of winning, regardless of the outcome of the match.
- Tipster:
- is a sports betting player or rather an expert who offers certain predictions to punters. In exchange, he receives a financial remuneration.
- Value bet:
- is an odds that is considered to be wrong. This is why the value bet is considered an opportunity for punters.
Summary:
| All terms on | in South Africa |
| sports betting | are on Kamambet |
