Sportsbook Glossary
2-way Betting
A 2-way bet (often referred to as a 1-2 or money line bet) is a type of sports bet for games with only 2 potential outcomes. These outcomes being either one of the teams or players winning the game.
It’s a popular bet in sports where games cannot end in a draw and, if necessary, a winner has to be decided including 'overtime' or 'penalty shootout'.
3-way Betting
A 3-way bet (often referred to as a 1X2 or match winner bet) is a type of sports bet for games with 3 potential outcomes. These outcomes being the home team winning, the away team winning or a draw between the two.
It’s a popular bet in football because of the frequency of games ending in draws, but the 3-way bet is also often seen in hockey as a regulation time bet, where the overtime is generally not counted.
Dead Heat
A Dead Heat is when two or more competitors finish a sporting event with the identical result or classification.
For example, If you bet on Player A but there is a tie with Player B, you will get paid on full odds, however the stake will be split between the number of players who drew. So your stake would be split in 2. If, however, 3 players draw, your stake will be split in 3, and so on.
Double Chance Bet
A Double Chance bet allows you to cover two of the three possible outcomes in a football match with one bet.
- Home team and draw (1X) - Your bet is a winner if the home team wins or draws the match.
- Away team and draw (X2) - Your bet is a winner if the away team wins or draws the match.
- Home team and away team (12) - Your bet is a winner if the home team or the away team wins the match.
Normal 90 minutes betting rules apply.
Handicap Betting
Handicap Betting is a type of betting in which teams or players are handicapped according to their form so that a stronger team or player must win by more goals or points for a punter betting on them to win.
For example, if Manchester City are clear favourites to win home against Leicester and you bet on Manchester City to win with a handicap of (0-2), this would mean that Leicester receives a 2 goal 'virtual head start' in your bet, effectively leading the game before it starts.
In order for your bet to win in this case, Manchester City would have to win the game by 3 or more goals difference as all bets will be settled according to which team wins the match after the handicap line has been applied.
Head-to-Head Bets
Head-to-Head bets are available for sports in which a direct comparison can be made between two starters or teams (e.g. in Formula 1).
For example, if you bet on Fernando Alonso in a Head-to-Head bet between Fernando Alonso and Kimi Räikkönen in a Formula 1 race, you win if Fernando Alonso finishes ahead of Kimi Räikkönen in the final rankings.
Money Line Betting
The money line bet is used for a number of sports where the point spread becomes irrelevant, such as boxing, tennis, auto racing, baseball or hockey.
While there are still margins of victory in baseball and hockey, for example, they are so small it would be impossible to create a point spread for every game. The difference between money line odds on the favourite and the underdog will normally increase as the likelihood of the favourite winning increases.
Money line is an American term for the 'draw-no-bet' and '1-2' markets, where you bet on a player or team to win the game or event outright, including overtime or shootout.
Multibets
Multibets are bets where you combine a number of selections in one bet. In order to win, all selections must be correct. Customers place just one stake and the odds of all selections are multiplied together.
Outright Bets
An Outright bet is a type of sports bet wager where instead of betting on the outcome of a single game, you are betting on the outcome of an entire competition or season.
Outright bets can be placed before or after a tournament starts. Winning bets are only paid out once the tournament has produced a winner.
For example, if you bet on Canada to win the Ice Hockey Olympic Tournament, your bet will only be settled (and won) if Canada wins the final game of that competition.
System Bets
A system bet is available when selecting at least three different events/matches to bet on. The number of possible system bets depends on the number of predicted outcomes. The main difference between a system bet and a combined bet is that you can win your bet even if you do not have all the outcomes correct.
In case you want to place only singles within one bet slip, you may also choose 2 or more selections, click on 'Single' and modify the stakes according to your preference. Please note that this will also count as a system bet.
Underdog
The underdog, whether it is a team or a player, is always the one least favourite to win a particular game or event. In this case, it will always have higher odds offered than its opponent, as it is the less likely to win that game or event.