This term means betting all available money on a single bet. The field in which this expression is best known is that of poker. When it comes to sports betting, placing an all-in is strongly discouraged, no matter how safe a bet may seem. It is an extremely risky practice that involves making mistakes such as overbetting.

The Asian handicap is a type of bet in which advantages or disadvantages are awarded to one of the contestants in order to eliminate the tie as a third result that causes the bet to be won or lost. As its name suggests, its origin is in Asia, although it is well known and used worldwide.

Understanding what they consist of is extremely useful for bettors, since it opens up a huge universe of options when it comes to betting on both results and markers in various sports such as football, basketball or tennis, allowing us to fine-tune the bet we want to make as much as possible .

When we add an Asian handicap +0.5 to a football team, it means that 0.5 goals must be added to the number of goals scored by that team. In this way the match can never be tied, since the 1-1, 2-2, etc., become 1.5-1, 2.5-2, etc.

If we bet on another team and we put an Asian handicap -1, it will mean that we have to subtract 1 goal from the total goals scored. If the match was 3-1 in your favor, the result of the bet would have been 2-1 and it would have been won anyway. If he had won 2-1, when applying the handicap the final result would be 1-1 and being a tie, the bet is canceled and the money is returned.

The back is betting in favor of something happening, that is, supporting a user's proposal in a cross bet. In fact, it is a bet similar to the ones we make in conventional bookies since when you bet on +2.5 goals or on the victory of the visiting team, you bet that this will happen. As we said before, the main difference between backing a cross bet and betting on the same market in a conventional bookmaker is that in the first case the odd is usually better and that you can also launch your own odd in favor of something happening.

The banker is a bet with a high probability of being successful. Logically, the greater the probability that a banker will come out, the lower the odds will be, but that is not an impediment for the bet to have value. In this sense, it should be noted that the banker can be failed as any bet while the bets while the objective of the sure bets guarantee us some benefits.

Also translated as "bank", it is the amount of money available to bet. Normally it refers to the balance that you have in a bookmaker or in several accounts of different bookmakers.

Form derived from the English "bookmaker" to refer to bookmakers.

The Cash Out is a utility offered by the houses to close a bet before the condition of the bet is fulfilled or the sporting event on which we have bet ends. By closing it before the expected assumption is fulfilled, the amount of money we receive varies depending on how the event goes.

Sometimes it receives other denominations such as "close bet", "immediate payment", "early close", "bet repurchase" or "cash in", the latter introducing the nuance of referring to bets made live.

The world of betting is divided into two main types: simple bets and combined bets. A simple bet is one in which only one selection is involved. On the other hand, in the combined bets more than one selection is involved.

The key to combined bets is that the quota of the selections is multiplied, hence the prize is greater. However, you have to hit all the selections of the bet for it to be a winner, hence the more variables the combined bet includes, the more difficult it will be to succeed.

Cross bets or exchange bets are a form of betting in which the house acts simply as an intermediary between bettors. In this modality, the bettors are the ones who set the bet, their quota and those who pay each other the bets, in the same traditional way as when you make a bet with a friend. The bookmaker is limited to providing the platform where to carry out the exchanges and guarantee the payments, charging a small commission in return.

The expression 'dead heat' is usually used when two options are given in the same event. The best example can be in a horse race, when two finish at the same time and, therefore, occupy the same position, it is considered 'dead heat'.

In the same way it can happen in other sports, such as golf, where several golfers can end up in the same position, or in many markets of the type of top scorer in the tournament in the case of soccer, top scorer in the case of basketball, etc.

That is why it is important to know how some bookmakers apply the 'dead heat' rule and what happens if our bet is affected by said rule.

The double chance is a very interesting betting market to minimize risks, for example in our combinations. However, we can find decent odds and minimize risk by hedging two of the three possible outcomes.

One of the most popular betting markets is the double chance, which covers two possible outcomes and minimizes the risk of loss, although it also reduces the odds. In a double chance bet we bet on two of the three possible outcomes in the 1X2 market, so that we have a 66.6% chance of winning, compared to 33.3% in conventional 1X2 bets. It is a very common market in football, although we also find it in sports such as handball or rugby, where a tie is possible.

It is a way of betting that reduces the result of an event to two options, declaring the bet null or void in the event of a tie. In the latter case, the money wagered is returned.

'Draw no bet' is another term linked to betting that comes from English: draw no bet. Sometimes bettors refer to it by its acronym: DNB. It means 'Draw, no valid bet' and implies that when betting on one of the contenders, in the event that the match ends in a tie, the bet is canceled and the amount played is returned.

This strategy consists of dividing the stake and betting in favor of several options in the same event to obtain the same profits. It is not about covering bets or insuring bets -that situation is called greenbook-, but by selecting different possibilities within the same event, we increase our chances of winning. The key point of dutching is the calculation of the stake since we must bet an amount X on each option if we want to increase those chances of winning.

A European handicap introduces an advantage for or against a contestant in an event, but unlike the Asian handicap, it does not eliminate the possibility of a draw, but rather sees it as another possible outcome to be considered depending on the handicap.

The European handicap is an advantage or disadvantage that we add to a contender's score. This advantage or disadvantage is expressed only with whole numbers (1, 2, 3...) and does not eliminate the possibility of a tie, for which we can bet taking into account the handicap indicated by the bookmaker. The European handicap is generally used to balance very unbalanced matches, with a clear favorite, and thus improve the odds or correct the risk associated with one of the rivals.

As its name suggests, a freebet is a free bet. It is a promotional tool for bookmakers, which offer us a free bonus for us to bet. Each freebet has a certain value, and the key is that the user does not lose money by playing, since he is technically playing with the bookmaker's money. All you need to do is win the bet for the net profit to be converted into real balance. Freebets cannot be withdrawn.

A funbet is a bet for fun, usually a combination in which we play a small amount since there is little chance of winning, although the winnings will be very high.

The most common is to make a funbet that includes several selections. The more events you include, the more difficult it will be for your bet to win, but the final odds will also be higher.

The acronym GGR stands for Gross Gaming Revenue, gross from gaming revenues. It is the most prominent indicator when analyzing an operator's earnings, since it is the amount of cash that the operator keeps as a result of the bets of its users, without taking into account the rest of the operational expenses. An easy simile would be to say that the GGR is the gross income of the operator, but it should never be confused with profits.

To calculate the GGR you have to apply the total bets - total winnings formula, and you will see the cash that the operator keeps.

"Goal line" refers to the total number of goals that we will see in a match, and we have two options to choose from: more than or less than, also known as "over" and "under" for its English translation. The user only has to decide if the goal line will be exceeded or the match will be under and place their bet. The most common goal line is 2.5 goals, although luckily the bookmakers offer us all kinds of alternatives to play this market, some of the most interesting.

All bookmakers offer us this market, either under the heading "goal line" or with other titles. In any case, what differentiates the offers -beyond the odds- is the type of goal line they offer us. Little by little, the houses are increasing their offer, and it is not uncommon to find markets where we bet on the goal line of a single team, regardless of the total number of goals in the match, or on the goal line of the first half, without that we are interested in the second half.

Situation that is achieved when benefits are obtained in an event regardless of its final result. This expression is linked to trading and taking advantage of quota variations to close positions in which a greenbook occurs.

Halftime/Fulltime sports bets are a double bet on the 1X2 market at halftime and at the end of the match. In other words, you have to guess who will win the break and who will take the final victory. It is a bet that we find in prematch markets, there are 9 possibilities and the odds increase at the same time as the changes in the outcome of the match. Thus, the fee for 1/1 will be lower than for 1/X, although the fee for 1/2 will be much higher.

The head to head bet consists of pairing two contenders in a sports competition to bet on who will obtain the best result, regardless of whether it is the final winner.

Information is power and as long as we can use it for our benefit, much better.

I am not talking about reserved information, much less, but about information that is within our reach. Studying the streak of a team, the injured, its trend of victories/ties/losses and that data is essential. In Head to Head tennis, something similar happens.

The KYC (Know Your Customer) identification process is a tool used by online gaming operators to verify the identity of their users, guarantee their security and prevent fraud, money laundering or account theft.

The lay consists of betting against something happening, and it is something common in the world of crossed bets. “Lay” means to bet in English, and in Spanish the action of betting against something -or better said, against someone- is known as “layear” in the parlance of cross bets. In fact, the lay is a fairly common bet in the world of horse betting consisting of betting against a horse, and the word has made the jump from racetracks to cross bets.

Live bets, live or direct are all those that are placed from the start of a match or event until it ends. Depending on the evolution of the match, the odds for one market or another fluctuate so that we can obtain better odds than betting prematch or look for a safer bet if we are following the match live. In fact, one of the keys to winning with live betting is to follow the event on which we bet, whether with live images, through the radio, the minute and result, live scores, etc.

All bookmakers have a live betting section, where we can quickly access their sports and markets. Sports such as football, basketball, tennis, volleyball or handball lend themselves to this type of betting, although others such as cycling or motor sports also offer us interesting options for betting live.

They are a type of bet whose resolution occurs over a long period of time. They usually cover the dispute of several sporting events prior to resolution, such as betting on the winner of a tournament or championship before it begins.

It is a way of referring to a set of bets that have a common point. For example, in soccer we talk about the goals market, which includes bets referring to the total number of goals, which teams will score, how many goals each team will score, in what time the goals will be scored, etc.

In turn, we can also talk about the market when the same bet offers different options to bet on. For example, we can talk about the goal over/under market as it offers different options to bet on: more than 2 goals, less than 3.5 goals, etc.

When we are going to make a bet, the simplest thing is to bet on the winner of the match. You just have to select the winning option and enter the amount you are going to bet. It is what is often known as the money line or money line, a market that is also named as the winner of the match, 1X2 or 12 when there is no possibility of a tie.

In Europe, money line bets are bets on the winner of the event. There is no valid handicap, if you bet on the money line you do so on the winner of the event. Thus, if we bet on the Money Line market for team 1 and that team wins the match, our bet is a winner, regardless of whether it was a close match or if it was a stroll for that team. Logically, the team with the lowest odds on the money line market is the favorite and the one with the highest odds will be the underdog.

It refers to the different ways of managing the funds that are dedicated to betting. It is understood in a broad sense since it can cover both the amounts to play, the stakes to assign, the distribution of money among several bookmakers, the limits to set, etc.

It is the number that indicates the benefit obtained in case of winning the bet. It can be expressed in different ways, the most common being decimal odds.

Bookmakers vary their odds because the more people bet on the same team or the same result, the lower the odds will be.

An outsider is a team or participant not favored in the competition, something similar to the underdog, but that could achieve the final victory. It is a term that we can use in racing or long-term betting. For example, we can say that Márquez is the favorite to win a motorcycle race but that Dovizioso, Viñales, Rossi or Lorenzo are outsiders; that Barça and Real Madrid are the favorites to win the Copa del Rey but that Atlético, Valencia or Sevilla are outsiders who have their options.

It is applied when you are betting recklessly amounts of money above those that are usually handled. It can be understood as overbetting to bet too much money in a period of time as in a certain sporting event.

Overbetting is a danger that is more than present in all tipsters since the wide range of matches offered by the houses make the options of entering several markets and different bets tempting without taking into account the phenomenon that we are going to describe below.

Overbetting is a term that comes from poker and its coinage was necessary due to the constant appearance of its practice. In poker, overbetting is known as the use of a stake (amount bet) greater than the recommended one due to the mathematical possibility of winning a hand.

They are the bets in which a score of a sporting event is predicted. The forecasts consist of predicting if the score will be above, "over", or below, "under" of a certain amount.

One of the most common bets that are usually made in football matches are those known as Over/Under. Within this modality, the most normal is to bet on the number of goals that can be scored in a match, where you bet on a certain range of possibilities.

The overround is the margin that the bookies apply to the odds so as not to lose money regardless of the result of the bet. Logically, the bookmakers offer us odds with the aim of not losing money, and even in a match where the surprise jumps and the underdog wins, which is paid at €8.00 against the favorite with a fee of €1.12, the bookmakers they win.

To calculate it we have to calculate the percentage of each installment. For example, in a football match the local victory is paid at €1.50, the tie at €4.00 and the away win at €7.00. The distribution of probabilities is:

1 @ €1.50 = 67% chance

X @ €4.00 = 25% chance

2 @ €7.00 = 14% chance

The sum of 67+25+14 gives us a probability of 106%, something that may surprise us a priori since the real probabilities are 100%. However, the remaining percentage corresponds to the overround, which in this case is 6%. The lower the overround, the more realistic the odds will be; the higher it is, the greater the margin of the bookie.

Patent is a betting system where the user adds three selections and makes seven bets from the multiple combinations that we can make. To them, simple bets are added. In this way, within a patent we find:

- A triple bet

- Three double bets

- Three simple bets

One of the advantages of betting systems is that it allows you to guarantee benefits if only one selection fails, since the rest of the bets included in the system are saved. However, the stake must be calculated very well, since the amount played in a bet must be multiplied by seven.

If we focus on sports betting, we can define the payout as the percentage of money that a bookie distributes in a certain bet. For example, when a bookmaker has a payout of 95%, that part of the money collected will be distributed among the winners, while the remaining 5% will go to the coffers of the bookie. In online casinos the situation is identical: the operator takes a commission defined in advance, so the payout is never 100%.

Payout should not be confused with overround, two concepts that often intersect, giving rise to confusion among users. The payout is the percentage that is dedicated to the payment of winnings regardless of the final result of the bet, while the overround is the part that the bookie takes, the commission that the operator of the bet takes. 

A pick is a bet or forecast that we make in a bookmaker, and that in the case of tipsters they share with their followers through their usual channels. It is a very simple concept since it only refers to the selection on which we bet. Thus, a pick can be “Over 2.5 goals”, “Draw” or “Real Madrid HA -1”, but we can also combine picks in a multiple bet, for example “Barcelona and Atlético win”.

Prematch bets are the ones we make before the event starts. Literally, prematch means “before the match” or “before the matchup”. They can be simple or combined bets, although in the latter case you can combine prematch and live bets in the same combination.

Prematch betting is the most classic way of betting. We have prematch bets available for any event, sporting or not, that you can imagine.

Just as we have a lot of events, we also have a lot of pre-match markets to bet on. Any bet you can think of is available before the match.

The points race is a market where we bet on the first team to reach X points, regardless of the final result. If our team is the first to reach the indicated figure, the bet is a winner; if it is the other team, the bet is losing. We are talking about a very popular market in the world of basketball, since it allows us to find very good odds, especially for underdogs, and it can offer us more security than betting on the winner of the match. In the same event we can find races at different points; and if that figure is not reached, the bet will be losing.

A good bettor will keep a tight control of the success of their bets. It is not enough to check the bank from time to time or to monitor the yield of our bets in an Excel sheet, we must take into account all the factors that influence the bets to know if we are winning or losing with them. Therefore, the ROI or Return of Investment (return on investment) is the best tool to check the profitability of our investment in betting.

It is calculated by dividing the net profit obtained by the initial investment made, which, in the case of sports betting, is usually one year. ROI tells us how much money to invest to make bets more profitable and which bets are more profitable.

It is one of the most common terms or conditions in bookmaker bonuses and promotions. It consists of the obligation to bet a certain amount x number of times before being able to withdraw it from the account balance.

One of the most attractive instruments for bookmakers to attract new players are welcome bonuses. An amount to make free bets, usually between 50 and 100% of our initial income. But if you are one of those who read the small print, surely in all you see that they talk about rollover, the conditions that must be met to withdraw the profits that we have achieved with that bonus.

You always have to bet a minimum amount to access the bonus, and of course, not all bookmakers have the same rollover or apply the same mechanism to calculate it. For example, there may be houses that require us to make a minimum number of bets before accessing our winnings. Another condition is that this number of minimum bets are made at odds starting at €1.20, €1.50 or even €2. You also have to pay attention to the bets that count, because accumulators or Asian handicap bets are not usually accepted for rollover.

Scorecast bets are a double bet on correct score and first goalscorer. In practice, it is an accumulator, a combined bet where we have to match these two variables for the bet to be a winner. The exact result is one of the most difficult markets that exist, and therein lies the grace of the bet. In wincast betting we only have to predict the winner and first scorer, hence they get confused, but as its name indicates in scorecast betting the protagonist is the score.

A simple bet is one that is made on a single sporting event for a single circumstance, result or option. To win these bets, the specific event for which we bet must occur; otherwise, the bet is lost.

The benefit obtained with these bets is conditioned exclusively by the odds associated with our choice. To calculate this benefit, you only have to multiply the amount wagered by the fee and subtract the amount wagered from the result.

They are bets that are not part of the usual catalog of the bookmaker or that are not offered in all sporting events. They are usually offered for major sporting events or for other types of occasional events, not necessarily related to sport.

The spread is an advantage offered to a single participant to match the odds in an event. Depending on the difference between both contenders, this will be higher or lower. This allows us to develop a strategy to cover the spread, which allows us to reduce risk. This strategy is based on betting on the underdog covering losses with the handicap and for this it is essential to know how to manage the bank and find the amount to bet that avoids losses or minimizes them.

The stake is the risk that a bettor assigns to a certain bet. It is, therefore, a subjective value that the bettor establishes based on the confidence that he has in a certain bet being the winner. It is generally quantified on a scale of 1 to 10, with 1 being the lowest confidence and 10 the highest.

Many newcomers to gambling find it difficult to properly establish trust values ​​based on a ten-tier scale. One way to make it easier is to reduce the confidence values ​​to just three levels: risky, normal and safe bets.

-Low stake: it would be attributed to all risky bets, either because they are in favor of the underdog, because they have a very high odds, because they have not been able to analyze them carefully or because of a lack of information.

- Medium stake: most bets would surely go here. They will usually move in installments between 1.50 and 2.50 and we will have analyzed enough information to decide on it.

- High stake: this stake would be for the safest bets. Most likely, the odds are low, very poorly placed or in the analysis of the information all the factors speak in favor of it.

They are punctual promotions of the bookmakers consisting of the substantial improvement of a quota for a certain sporting event. Some of these promotions are restricted to new users registering with the house, but others are open to all users.

Surebets are bets in which a profit is made regardless of what happens in the sporting event. The way to make a surebet is by taking advantage of the different odds offered by bookmakers to bet on all the options of a market without the possibility of losing.

On the internet there are various websites and calculators dedicated to pointing out the surebets that can be produced. We can also calculate it ourselves by dividing the number 1 by the various market odds and then adding the results. If the figure we get is less than 1, it means that the odds allow us to make a surebet.

They are a type of bet similar to the combined one, in which the odds of the selected options are combined with each other, allowing certain combinations to be hit without it being necessary to hit all the options.

Betting systems are a less common way of betting, but they are still a very interesting strategy for lovers of combos and who know their risks.

Teaser bets are a multiple bet where the handicap of all selections is extended. The number of selections depends on the bookie, since they can range from 2 to 8 or 10; and the key is to choose the number of points that are added or subtracted, in addition to the number of selections included in the teaser. It goes without saying that to get the teaser right we have to get all the predictions that appear in the bet right, and that the more teams there are, the higher the odds will be... but the more difficult it will be to carry out the bet.

The odds change based on the number of points to be added or subtracted and the number of teams that are combined for the teaser. It should also be noted that due to its characteristics it is easier to hit a teaser than a conventional bet, but as usually happens in these cases, the more options to hit, the lower the odds. In fact, the payout is usually less than other handicap bets, which is why multiple matches are often added to the teaser.

A tipster is a person who is dedicated to recommending bets through their forecasts.

Free tipsters

They are mostly amateur bettors who share their tips on sports betting sites and forums. Sometimes it is difficult to know their results, but they are useful to discover interesting odds or to have more points of view in the analysis of a bet.

Freemium tipsters

They are tipsters who share some forecasts for free while others reserve them for a fee. The paid ones are supposed to be bets that the tipster considers better than the ones he shares for free, so by looking at his public results we can get an idea of ​​whether he deserves to pay for the private tips.

Premium or paid tipsters

In principle, they are professional bettors who charge to have access to their forecasts. Therefore, it is essential to know their results and the yield they have accumulated before opting for them. You also have to know what total capital they handle and adapt it proportionally to ours. You can accumulate a losing streak that with your capital they can overcome it while we lose everything.

Sports betting trading is a practice consisting of buying and selling bets by users of exchange betting houses, in order to guarantee profits or minimize losses regardless of the final result of a sporting event. For this, speculation is used with the odds of the bets.

A simple way to understand it is through the stock markets and the buying and selling of shares. Everyone wants to buy low and sell high. This is exactly what sports betting trading is after.

The underdog is the contender who is not the betting favourite, but who also has a chance of winning. In the short term they are not very effective, but in the long term it can be a profitable strategy as long as you know how to develop it.

Way to refer in the abstract to amounts of money. A bank of 100 units is usually taken as a reference and bettors refer to as many units as a percentage of that bank they are playing. In this way, privacy is preserved about the amounts of money that each one allocates to bets.

It is applied to a price when the bettor perceives that a bet has a greater probability of being successful than the price indicates. To find out the probability expressed by a decimal quota, you only have to divide 100 by the quota.

The value of a sports bet is something very personal, closely linked to the use of the stake that we have and, above all, to the quota of the specific bet. There are many opinions on this subject, from those who say that an odd of 1.01 has value to those who say that an odd of less than 2 has no value.

As we can see, each one thinks differently as to what has value or not. As there is no master formula with which to find out if a bet has value or not, we will limit ourselves to explaining what the term value is and how to decide for ourselves if a bet has value or not.

There are situations where bets are left unsettled. In that case we speak of "void" or null bet, where bets are canceled due to circumstances of the bet itself or the match.

Void bets are those that are canceled or invalid, either due to the circumstances of the bet itself or due to external circumstances. As you well know, there are markets in which a possible tie is taken into account that leads to the cancellation of the bet. The Asian handicap or no draw bets are a good example of this. But there are also external factors that force bets to be canceled, and there we talk about void. Factors ranging from human errors to the withdrawal or non-participation of the player we bet on.

They are bets in which a circumstance occurs that resolves the bet by returning the bettor the money he had played. For example, if we bet on a soccer match on a team with an Asian handicap of 0 and the match ends in a draw, our bet would be void.

Wincast betting is a combined market that includes bets on winner of the match (1X2) and goalscorer at any time. Logically, for the bet to be a winner we have to hit both premises, if we only hit one the bet will be a loser. The fact of combining two events of the match and one being the bet on the player who scores means that wincast bets have a generally high odds, thus becoming a very attractive market for bettors.

It should be noted that they are not available in all sports, only in those where you usually bet on the scorer. You don't have to be a lynx to imagine that soccer is the sport where you most commonly find this type of bet, which is also common in similar sports such as ice hockey. There are also bookmakers that offer live wincast betting.

The win and place bets include two different circumstances: the bet on the winner of the competition and the bet on a possible position for a fraction of the winning odds, usually the first two or three.

These bets are inherited from horse racing, the origin of modern betting, which is preserved not only in horse betting, but also in greyhounds, motor sports or in long-term bets such as bets on the winner and placed of the world, a league or the Champions League.

Yankee is a betting system that includes four selections and eleven accumulator bets: six doubles, four trebles and one quadruple. Being 11 different bets, the amount bet will end up being automatically multiplied by 11, since we indicate the amount bet on each one of them, not in total. Thus, betting one unit we are playing 11 (1x11); betting 0.5 units, 5.5 units (0.5x11) are put into play.

It is the economic return expressed as a percentage. It is obtained by multiplying by 100 the net profit or net loss caused by a number of bets and then dividing the result by the total money invested in said bets.

Calculating the yield of our bets is very simple. Just apply the following formula:

Yield = (net profit achieved / total money bet) X 100

As you can see, it is enough to divide the net profit achieved by the total money bet. The result is multiplied by 100 so that it is expressed as a percentage.