
Betting vocabulary
Welcome to the thematic glossary about sports and esports betting! Here you will find definitions of all the key terms, slang used by gamblers, and other terms that will help you better understand such a risky hobby as betting.
Looking for the meaning of a specific term? Use the search or select the letter you need from the list.

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Term list
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Accumulator
Accumulator (combo bet) – a simultaneous bet on several events at once. It will be successful if all the matches included in the accumulator will finish as you predicted. The odds of the events are multiplied, which allows you to win a larger amount with one combo bet.
All-in
All-in – a bet on all the money in your account balance.
Bankroll
Bankroll is the amount of money a player sets aside for betting at bookmakers. Ideally, it should be an amount of money that you can afford to lose.
Betting fork
Betting fork (arbitrage betting) is a situation when you bet on all possible scenarios in a single match at different bookmakers and are guaranteed to win due to the correct proportion of bets. How it works: the odds for the victory of Team 1 in a best-of-3 Dota 2 match at one of the bookmakers are 1.5 (66.7% probability), and for the success of Te...
Betting line
Betting line – a list of markets that a bookmaker offers for a particular match before it starts. The range of markets (the number of events you can bet on) usually depends on the tier of the match and the time remaining before it starts.
Bettor
Bettor – a person who places bets on sports, esports, and other events offered by bookmakers.
Bookmakers margin
Bookmakers margin (advantage, vigorish) is the commission that a bookmaker charges for accepting bets on a particular event. The lower the margin, the higher the odds. For example: the odds (O) for Team Spirit to win the Dota 2 best-of-3 match are 1.65, and for Heroic to win coefficient is 2.2. Now we will determine the margin using the formula: (1...
Cashback
Cashback is a type of bonus offered by bookmakers to active and loyal players. It involves returning a percentage (portion) of the money you bet, regardless of the match result.
Cashout
Cashout is a situation when, for one reason or another, you find it profitable to buy back your bet placed on a match. The amount that will be returned to your account in the event of a cashout is calculated based on the difference between the odds at which the bet was placed and the bookmaker's current odds for this event.
Deposit
Deposit is the amount that a player deposits into their account. Without money in your account, you will not be able to place bets.
Distance
Distance – the total number of bets made by one player. The balance of winning and losing bets on the distance allows you to evaluate the success of the bettor.
Draw no bet
Draw no bet – a bet on odds that do not take into account the possibility of a match ending in a draw. If no winner is found, the bet amount is returned to the player's account.
Favorite
Favorite – a team or player who, according to bookmakers' odds, has a better chance of winning the match than the opponent.
Flat betting
Flat betting is a strategy which means that a player always bets a fixed amount or percentage of his total bankroll on every event.
Free bet
Free bet is a no-lose bonus from a bookmaker. It is provided in the form of an amount of money that can be bet on any event within the odds specified by the bookmaker. If you lose, you lose nothing, and if your bet wins, your winnings will be credited to your account.
Handicap
Handicap (Spread) is the expected advantage of the favorite of the match over the underdog in the number of kills, maps won, goals scored, points accumulated, etc. depending on the sport. For example: you think that Team Falcons will easily beat Gaimin Gladiators in a BO3 match, and you bet on the Falcons map spread of -1.5. In this case, only a 2:...
Live bets
Live bets – bets on matches that take place in real time.
Maximum
Maximum (bet limit) – the maximum amount that a player can bet on a match or event. Limits depend on a number of factors: the prestige of the tournament, the type of sport, the status of a particular bettor from the bookmakers point of view (VIP player, smart player, etc.).
Multi-accounting
Multi-accounting is a situation where one player creates two or more accounts with one bookmaker in order to get additional profit. Such activity is prohibited by almost all, if not all, bookmakers in the world, because usually only one account can be registered per person. If such a violation is detected, you will most likely lose all winnings, as...
Repeater bet
Repeater bet – placing a second or more bets on the same event. This usually happens when a player believes that their chances of winning have increased since the first bet.
Second deposit
Second deposit – re-replenishment of an account at a bookmaker.
Single
Single – a single bet or a bet on one event within one match.
Stake refund
Stake refund (cancelled bet) – is a situation when the amount of the bet made is returned to the player's account based on the result of the match. This can also happen if the event is canceled. For example: you bet $500 that there will be a total of 4 or more maps in the grand final of the DreamLeague series tournament, where the final is played i...
Steam move in betting
Steam move in betting is a situation where a bookmaker suddenly and rapidly changes the odds due to receiving a large amount of bets on a specific event. In this way, the bookmaker tries to minimize his losses if this event turns out to be a winning one.
System
System – a combined bet on several events at the same time. Unlike accumulator, where all your predictions must materialize, here you can play it safe and place a system of 2/3 (two out of three events will win), 3/4, 5/7, and so on. Paradoxically, if the system wins, you will not always end up profitable – here everything depends on the odds of th...
Total
Total (over/under) – a bet on the number of events that will or will not occur in a match. If we talk about Dota 2, then in this esports discipline you can bet on the total number of maps, kills, Roshans, etc. When betting on this market, you make a choice between Total Over and Total Under.
Underdog
Underdog – a team or player that is considered weaker than their opponents before the start of the match.
Value bet
Value bet – this concept means a situation when the odds at the bookmaker are significantly different from your prediction for the match and you are sure that you have an advantage over the bookie.
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