Decoding sports betting: a dictionary of bookmakers

A gambling organizer is a legal entity carrying out activities for the organization and conduct of gambling on the basis of a state license.

Betting is a game of chance in which the outcome depends on an event about which it is not known whether it will occur or not.

Bet (interactive) – the amount of money that the player transfers (using electronic means) to the organizer of the bet on the terms stipulated by the rules of the game.

Mastertur Betting Point

Winning – monetary or property assets payable to a gambling participant.

A bookmaker’s office is an institution where the organizer of gambling bets with their participants.

Gambling participant (gambler) – an individual who has reached the age of 18 who concludes a risk-based winning agreement with the bet organizer or other participant.

A bookmaker’s processing center is a part of a gambling establishment where the organizer records and processes the bets received from the participants, fixes the results, calculates the amount of winnings to be paid, provides information on the accepted bets and calculated winnings.

Sports betting terms described in the bookmaker’s rules

Before opening an account with a bookmaker, study the concepts and terms defined in the following sections of the rules:

registration and use of a personal account;
rules for accepting bets and paying out winnings;
main types of bets;
concepts, terms and features of rates in different sports.
In FONBET, these issues are described in paragraphs of rules 2-16.

Let’s highlight the key concepts that every player in the bookmaker should know:

Line – a list of upcoming matches with the quotes offered by the bookmaker – the odds of winning.

Live – a list of sports events that you can bet on in real time.

Coefficient – a multiplier for calculating the payout amount on a winning bet. To get a net win, you need to subtract the size of the bet from the payout.

Single (single) – the bet is placed on one event. The win in odds is equal to the bet amount multiplied by the winning odds.

Express – a bet on several (from two) sporting events, the outcomes of which must necessarily coincide with those indicated in the bet. Losing one event – losing the whole bet. The total coefficient is the product of all quotes included in the coupon. In FONBET, the maximum allowed number of events in an express bet is 30.

System – a full combination of express bets of a given size from a predetermined number of events, for example, “three out of four”. Each express that is included in the system is called a “variant”. In FONBET, up to 16 events can be included in the system.

Free bet is a free bet that a player can conclude by decision of the bookmaker’s administration. Conditions are determined within the framework of individual offers: free bet is placed on one or another outcome, taking into account the agreed odds at the bookmaker’s office, etc.

Carefully study the section “Main types of bets”. It defines and describes the conditions of all permissible bets on sports events presented in the line of the bookmaker’s office.

Sports Betting Archives

The main types of bets:

on the actual outcome – to win or not to lose one of the parties;
on the victory of each of the teams with a handicap, handicap – bets taking into account the handicap, a pre-agreed advantage of one of the parties in terms of a specific indicator;
for the total number of goals, points, games in the match (“Over – Under”) – the size of the total with the determination of the odds in the bookmaker’s office is set by the administration;
on individual, statistical indicators or comparisons of players – the specifics of such bets and their calculation are indicated for each sport (here bets on handicaps are allowed).
These and other types of betting are included in the basic terminology of betting. Their knowledge is essential to find the best betting options.

The main sports betting dictionary also includes the names of sports, tournaments, championships and leagues, the names of athletes, technical terminology.

These terms are used to refer to each event on the line. Without mastering this vocabulary, it is impossible to search for the required matches, betting options.

Informal and slang terms in sports betting

Hundreds of informal names, slang expressions, borrowed words are used in betting. Here are some common examples:

Bettor is a sports bettor at a bookmaker’s office.

The bookmaker is the bookmaker, and the booth is the place for accepting bets.

Kef is the coefficient.

Valuy is the odds that are overestimated by the bookmaker, according to the player.

Capper is a professional sports prediction analyst.

Dogger is a seller of information about fixed matches, and an insider is a merger of useful, exclusive information about a team or an athlete.

Iron, reinforced concrete is an obvious result of the upcoming event.

Luz is a loss.

Exhaust is a net win rate.

Popan is a novice player who stupidly drains the bank, and the Popan Confidence Index is a low coefficient for the event, which many newcomers bet on, further underestimating the quote.

Live – a live broadcast of a sporting event, as opposed to a live betting line.

Dogon is a strategy of the game, in which they try to recoup previously lost money with the help of the following bets.

The yellow card is a yellow card in team sports.

Here we have given a scanty part of the slang terms. They serve as an example that informal vocabulary covers all manifestations of betting. It contains:

  • analogs to official terms;
  • names for successful and unlucky players;
  • designations for different situations on the field, rules, standard provisions;
  • formulations emphasizing the bettor’s style of play, betting strategies;
  • words that come from foreign, mainly English, languages.

The informal lexicon associated with sports betting is much broader than the official one. It is difficult even for an experienced player to fully cover it, new terms constantly appear. But over time, you study most of them, and even those words, the exact meaning of which you do not know for sure, become intuitively understandable.