Online Betting Terms And Their Meanings (part 2)

Double Chance: A football bet that involves three possible outcomes; home win or draw, home or away win, and away win or draw. If the backed team wins or draws, the bet wins; if the team loses, so does the bet. But when the bettor selects the option for home or away win, and the match ends as a draw, the bet losses. The double chance odds will always be smaller than for both the individual win and draw odds, because the chances of either outcome occurring are greater than for each one separately.

Double Result:Most bookmakers now offer markets for the half-time result only, and also the “double result”, that is, the result at both half-time and full-time. For football matches, this means a total of 9 betting possibilities are commonly available; home/home, home/draw, home/away, draw/home, draw/draw, draw/away, away/home, away/draw, away/away. This is a popular alternative to simply backing an outright result, which may often be at unattractively short odds. Obviously the risk is greater since there are more possible outcomes (9 as compared to 3 with standard match betting), but consequently the odds are better. The highest odds are obviously available for the home team to be winning at half-time and the away team to win after 90 minutes. 

Each Way: In contests with large fields, even the shorter-priced favourites may have quite high odds. To increase the chances of a punter winning something from this bet, it may be offered each way. Each way bets are actually two bets, one for the win and one for a high placing, and are settled as two bets. The place part is calculated at a fraction of the win odds. This fraction will vary by sport and event, and will always be displayed where each way betting is available. In a football tournament the each way part is usually settled at half odds for 1st and 2nd place only. Consider a N10 each way bet on England to win the World Cup at 10.5 odd. If England win, a N150 profit would be made; N100 for the win at 10.5 and N50 for finishing in the top 2 at 5.0. If England lost in the final, the profit would only be N40; N50 from the place part minus the N10 stake lost on the win. 

Exposure: The maximum amount of money a bookmaker stands to lose in a game.  

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 a football match.  

First half bet: A bet placed on the first half of a match. The outcome of the second half does not affect the bet. Click here to get our special tutorial on halftime market

 Fold: A fold represents the number of selections in an accumulator, i.e a Four-Fold Accumulator consists of 1 bet involving 4 selections in different events. All must be successful to get a return.   
Form: This involves how a team is currently performing.

 Goliath: A Goliath is a type of bet that consists of 247 bets involving 8 selections in different events. The bet includes 28 doubles, 56 trebles, 70 fourfolds, 56 fivefolds, 28

sixfolds, 8 sevenfolds and an accumulator. A minimum of 2 of your selections must be successful to get a return.

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