Glossary of Betting Terms
Welcome to the JamviForum Betting Glossary!
Here you’ll find easy explanations of popular sports betting terms, perfect for beginners and pros alike.
🎯 A – C
Accumulator (Acca)
A bet that combines multiple selections into one. All selections must win for the bet to succeed.
Against the Spread (ATS)
Betting on a team to win or lose within a point spread, not just outright.
Ante-Post
Placing a bet before the event starts, usually days or weeks in advance.
Asian Handicap
A form of handicap betting where the stronger team gets a goals disadvantage and the weaker team gets an advantage, often using half or quarter-goal spreads.
Bankroll
The total amount of money a bettor sets aside for gambling.
Betting Exchange
A platform where you bet against other players instead of a bookmaker.
Bookmaker (Bookie)
The company or person offering betting odds and accepting bets.
Both Teams to Score (BTTS)
A bet on whether both teams will score at least one goal in a match.
Cash Out
Option to settle your bet early for a profit or loss before the event ends.
Chalk
A term for the favorite in a betting event.
Cover
When a team beats the point spread.
🎯 D – H
Double
A bet on two selections. Both must win for a payout.
Draw No Bet (DNB)
A market where your stake is refunded if the match ends in a draw.
Each-Way Bet
A bet split into two parts: one part to win, one part to place (finish in top positions).
Edge
An advantage a bettor believes they have over the bookmaker.
Even Money
Odds where the potential winnings are equal to the stake (e.g., 2.00 in decimal odds).
Fixed Odds
Odds that do not change once your bet is placed.
Fractional Odds
Odds shown as fractions (e.g., 5/1 means you win $5 for every $1 staked).
Futures Bet
A long-term bet on an event outcome (e.g., betting before the season on who wins the league).
Handicap Betting
Giving one team an advantage or disadvantage in the odds to make the competition more even.
🎯 I – M
In-Play Betting (Live Betting)
Betting on events after they have started.
Juice (Vig)
The bookmaker’s commission included in the odds.
Lay Bet
Betting on something not to happen (used on betting exchanges).
Line
Another term for the betting odds or point spread.
Lock
A term (often informal) used when a bettor believes a bet is almost guaranteed to win.
Moneyline
A simple bet on which team/player will win, without a point spread.
Multiple (Parlay)
A bet that links together two or more bets. All must win for a payout.
🎯 N – S
Nap
A tipster's strongest or most confident bet of the day.
Odds
The likelihood of a certain outcome, usually expressed in decimal, fractional, or American formats.
Over/Under (Totals)
A bet on whether the total points/goals in a match will be over or under a specific number.
Outright Bet
Betting on the overall winner of a tournament or league rather than a single match.
Parlay
Same as multiple: linking several bets together into one wager.
Pick’em (Pick)
A match where both sides are considered even; no favorite.
Point Spread
A handicap to even out a perceived difference in team strength.
Prop Bet (Proposition Bet)
A bet on specific events within a game (e.g., first goal scorer, number of corners).
Punter
A person who places bets (common term in UK and Africa).
🎯 T – Z
Teaser
A type of parlay bet where you adjust the point spread in your favor for lower odds.
Ticket
A physical or digital proof of your bet.
Tipster
Someone who provides betting tips, advice, or predictions.
Totals
Another word for Over/Under betting markets.
Underdog
The team/player considered less likely to win.
Value Bet
A bet where the odds are considered better than the true probability of the event happening.
Vigorish (Vig)
Another word for bookmaker’s commission (same as "juice").
Wager
Another term for placing a bet.
Win-Draw-Win (1X2)
Betting on either team to win or the match to end in a draw.
📌 Final Tip:
If you don’t understand a betting term while reading a thread on JamviForum, come back here to check!
We’ll keep updating this glossary as new terms become popular.