Glossary

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Accumulator Insurance

A promotional offer where, if one leg of an accumulator bet fails, the bettor gets their stake refunded as a free bet.

Action (Casino term)

The activity or total money wagered at a casino. Also, a dealer’s prompt to indicate it’s a player’s turn to make a move.

Action (Sports betting term)

A baseball bet placed without naming a specific pitcher. Also describes the volume of bets placed on a particular event.

Advance-Deposit Wagering (ADW)

A system where users deposit money into their betting account in advance and use those funds to place bets online.

Against the Spread (ATS)

A way to evaluate an event’s outcome by factoring in the point spread. Also refers to choosing to take points instead of betting with or against the spread.

All-In

When a player bets all their remaining chips in a single wager.

Alphabet bet

A term for a bet involving six selections, comprising 26 total wagers: one yankee (11 bets), two patents (14 bets), and one six-fold accumulator (1 bet).

Arbitrage

Exploiting differences in odds to bet on all sides of an event, ensuring a profit regardless of the outcome.

Arbitrage betting

A strategy of placing bets on every possible outcome of an event to secure a guaranteed profit.

Asian Handicap

A betting system in soccer where teams are given goal advantages or deficits (e.g., +0.5 or -1) to balance odds, reducing the chance of a push.