Glossary

Placing a bet after an event has already started. This is common in live betting, where odds change in real time based on what’s happening in the game or match.

A poker term referring to a player folding a strong hand early, usually due to poor table position or fear of risk.

Placing a bet where the opposing party stands to win more than their stake if successful.

Wagering on the favorite by giving up a point spread.

Betting on the favorite by offering money odds.

A wager placed by a bookmaker with another bookmaker to offset potential losses and reduce risk.

A game structure with a set cap on the amount that can be bet in each round.

The maximum wager a bookmaker accepts before adjusting the odds or point spread.

The individual responsible for establishing the initial and updated betting lines, also called an oddsmaker.

The betting odds provided to gamblers.

Online casino games operated by real human dealers, streamed live to players’ devices via video, with interaction possible through live chat.

A prize pool specific to a single operator’s game or games within one jurisdiction.

A bet considered highly likely to win.

Betting odds typically exceeding 10:1, indicating a low probability of winning.

A responsible gambling feature allowing players to cap their losses, preventing further play until a designated “cool-off” period ends.

A gambling game, also called a lottery, where players or a machine pick numbers, winning prizes if their selections match those drawn randomly. Keno is a common online version.

A player who bets small amounts, as opposed to a high roller.

A horse racing bet with four selections, comprising 15 total wagers: four singles, six doubles, four trebles, and one fourfold accumulator, requiring at least one winning selection for a return.

A horse racing multiple bet with five selections, totaling 31 bets: five singles, ten doubles, ten trebles, five fourfolds, and one fivefold accumulator, needing at least one winner.

A multiple bet, often in horse racing, with six selections and 63 wagers: six singles, fifteen doubles, twenty trebles, fifteen fourfolds, six fivefolds, and one sixfold accumulator, requiring just one winning selection.