For people who have been putting bets on sporting events for many years, the terminology linked to betting becomes second nature. For beginners though, there are several terms that go unexplained and can perhaps put off a punter new to the world of sports betting. There are simple explanations for all of these terms though and once you get to grips with them, it will be no time at all before you will be placing bets like someone with years of experience! Here are a few of the most common terms used in betting explained.
Fixed Odds Betting
Fixed odds betting as a type of wager offered by bookmakers in which the punter places a certain amount of money on an event against an amount set by the Bookmaker. The odds reflect exactly how much you will win if your prediction is accurate, for instance if you bet on a horse at 10 to 1 and the horse wins, you will win £10 plus your £1 stake back.
Stake
This leads to the definition of the stake. The stake is the amount of money which you place on the bet. Your winnings will increase relatively as your stake increases, so if you bet £10 on the same horse you will win £100 plus your stake back.
Laying Odds
A term used by bookmakers and in the world of gambling. It simply means that when the bookmaker takes on your bet, they are saying that they are risking their money to lay, or that they are guaranteeing to pay you your winnings should your bet come off. This is what is meant by a bookies laying on a bet.
Odds Against
Odds against is the term used to describe a bet where the winnings will be more than double your stake. The Profit alone on this bet will be more than your stake and when using fractional odds, odds against bets will look like this: 2/1, 4/1, 25/1 etc.
You can work out odds and more at footballscores.com. You can also check the latestfootball scores today and keep up to date with any foobtall and football betting related news on this site.
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