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Accumulator: A series of bets on multiple outcomes, all outcomes must be successful for the Punter to win the bet.

Ante Post: A bet which is placed on an event in the future. If the selection does not take part in the contest, the Punter loses the stake.

Asian Handicap: Asian Handicap is a type of betting that removes the chances of a draw by balancing the teams. Teams may be awarded between a fraction of a goal start to 3 goals, dependent on their current form/strength.

Backed: If a bookmaker takes a lot of money on one particular team/individual, the team is said to be heavily backed. Then the bookmaker generaly reduces the odds.

Banker: A bettor's strong selection. A "banker" is an almost guaranteed winner, also known as a lock

Bet: To lay money on the correct prediction of an outcome.

Bookmaker:The individual/group that accepts a bet. Also known as a bookie.

Canadian (sometimes known as a Super Yankee): Five outcomes with all doubles, trebles, fourfolds, fivefolds covered. (10 doubles, 10 trebles, 5 fourfolds, and a fivefold. 26 bets in total.)

Circled Game: Applies to US sports. A game where the betting activity is limited by the bookmaker; this usually happens where bad weather or injury may significanlty alter the chances of either team winning, thereby making the outcome far more uncertain.

Correct Scores: A bet that predicts the final score of the match during normal time.

Doubles: An accumulator which involves two selections. Both must be successful for the bet to win.

Draw: The U.K. and Australian name for a tie.

Drift: When the price of one outcome gets longer, usually because the bookmaker has had little or no interest in it.

Favorite: The team or individual the bookies rate most likely to win the contest they are betting on.

First Goalscorer: A bet placed on a player to score the first goal in the event.

Fold: Represents the number of selections in an accumulator.

Handicap: A term usually associated with International sports. The handicap is the advantage given to the weak team, and the disadvantage given to the favourite, in order to even up the possible outcome of the event and give the bet more value. Known as the Spread in US sports.

Half time Result: A bet that involves the Punter correctly predicting the result of a match at half time.

Hedging: This involves placing a bet on opposing outcome to the punters original selected outcome in order to guarantee winnings or cut losses.

Lay: When a bookmaker accept bets it is often said that they lay a bet. A bookmaker will often be known as a layor.

Lengthen: When a bookmaker sees little activity on a particular outcome, they may choose to lengthen or increase the odds available.

Lock: US term for an almost guaranteed winner.

Lucky 15: A Lucky 15 is 15 bets involving 4 selections in different events, i.e. 4 singles, 6 doubles, 4 trebles, and 1 fourfold. The bookmaker will often pay a bonus if you get all 4 selections correct, or if you only get one correct.

Lucky 31: A Lucky 31 is 31 bets involving 5 selections in different events, i.e. 5 singles, 10 doubles, 10 trebles, 5 four-folds plus 1 five-fold. The bookmaker will often pay a bonus if you get all 5 selections correct, or if you only get one correct.

Nap: A tipster’s best bet of the day.

Number Spread: An index spread based on the number of runs, goals and points scored in an event.

Odds: Also referred to as the price. The returns a bookmaker offers for a selection to win.

Odds On: Refers to a price where the odds is less than evens (fractional) or 2 (decimal).

Odds Against: Refers to a price where the odds is greater than evens (fractional) or 2 (decimal).

Outsider: The opposite of favourite.

Parlay: The US term for an accumulator.

Punter: The term used for individual who puts on a bet.

Singles: The simplest bet form. Only one outcome is bet on.

Super Yankee: Same as Canadian.

Trebles:An accumulator bet with three outcomes.