Casino & Gambling Terms, Glossary – MGC Pro

Casino & Gambling Terms, Glossary

Sharp- A bettor who wins more money than he/she loses over a long period of time. Oddsmaker-The person who decides the odds on the outcome of a game or event. Distance – This has two main meanings 1 – The distance of a race, in UK horse racing this will be between 5 furlongs and 4 1/2 miles.

The aim of the ‘Combination Forecast’ bet is to have two selections occupying first and second in a race, but with this bet you have more than two selections, and as such the stake is increased. Here you may have 3 or more selections and will need two of them to fill the first two places, in any given order. Slightly more challenging, a ‘Straight Forecast’ requires you to successfully pick out the horses which will finish first and second in a race, in that exact order. Punters could also choose a bet type which gives them the opportunity of a large pay out from a win bet and the security of a place bet.

A brief word must also be given to the importance of how you bet when you bet, specifically in live game play. Occasionally, you’ll have to call my review here down weaker against these players to counter their relentless aggression. Sometimes you’ll be right, and other times you’ll be wrong. But know that it’ll be tough for these players to be profitable over time.

Bettingexperts Best Tennis Tipsters

Multiples are settled on a win-to-win place-to-place basis unless stated on your betting slip. A relatively new feature that allows punters to build their own bets. The bookmaker must accept the bet and the odds for the bet to be placed.

Event Guides

More of an underdog price on said team will be posted then, but there is always the fear of said team winning Game 1 and missing out on the pre-series line if you are to wait. It’s a delicate balance that gets easier with experience. In handicap league betting, you place your bet at the start of a season, based on a selection of odds that feature different handicaps across all teams in the division. The scratch handicap of zero is given to the league favourites. This means that there are no handicaps applied to the game, and the actual winners will be viewed as the market winners by the bookmaker. Live bets are offered exclusively before and during an event on a dedicated live bets platform.

A bettor would select three horses to finish first, second or third in the exact order. ASteameris a horse that has seen a large number of bets placed on it during the day, resulting in its odds shortening dramatically. ASlot Game is a Casino game with a set of reels containing different types of symbols.

The person or organization who is properly licensed to create the lines you bet on, as well as take bets. Race gambling where all bets are pooled and winners are paid out according to the size of pool and number of total winners. Betting system with doubling stake every time a bet is lost.

Horse Racing Betting: Terms, Tips, And Explanations

Family Pot –Refers to a pot where most of the players donotfold on the initial betting round. For example, in a 6-handed Hold’em lineup, perhaps 5 or 6 players see a flop. Equity Calculator –A tool used to calculate the equity of hands/ranges against other hands/ranges. Equity calculators often also have additional features which are outlined in this glossary entry.

A tout is a professional bettor who offers tips, often for a small fee. A teaser bet is a kind of parlay bet where the odds moved slightly in your favor. This is thought of as a benchmark value used by all bookmakers, the number of points at the end of a game. This is something you often see in Las Vegas, which is when the bookmaker assigns a number to a bettor. This is when someone adds additional funds to their bookmaker account.

Grand Salami – A sports betting term meaning the grand total of goals scored in all the hockey games of the day. Favorite – In sports betting this it the team expected to win an event. The quoted odds reflect the extent to which the choice is favored. Exotic – In sports gambling the term Exotic is any wager other than a straight bet or parlay – also called a prop or proposition. Sports betting involves staking on the outcome of sporting events. Bettors attempt to predict the result of an event in order to win their bet – and potentially profit.