Understanding these terms is very crucial in football betting because if a punter cannot understand the meaning of these terms, then betting on football will not be successful.
Here are some of the common football betting terms that you should know.
Accumulator Bet
An accumulator bet is also known as ACCA bets or parlays; it is a single wager that ties in together two or more individual wagers with an intention to bundle them all on a single win.
Asian Handicap
Asian handicap is a kind of bet that is made to even out the game by adding a theoretical advantage in favor of the underdog team.
Break Even
Break-even is a sports betting term that refers to the return of investment, in which the amount of total accumulated wins are equal to the amount of the initial bet.
Combination Wagering
Combination betting is a type of wager that involves combining several bets into one wager with an intention to increase the odds of winning. These bets are usually placed to combine bets across multiple sports or markets.
Double Chance Wagering
Double chance betting combines two results in one bet with an intention to increase the chance of winning albeit with the low quality of odds.
Draw No Bet
In this type of bet, the aim of the punter is to have the team win the match and the payout will be given if the match ends up in a draw.
Favorite
Favorites refer to the team or side that is most likely to win the football game and has more statistical advantage over its opponent, therefore holds more secure odds albeit requires a huge amount of bet.
Futures Bet
A futures bet is a type of bet that is based on long-term results and is placed before the season starts and payouts will be collected after the finals.
Head-to-Head Wagering
In head-to-head betting, players have to predict the overall performance of a team or individual player instead of the game’s result.
Odds
Odds are digits based on the probability that is placed by the sportsbooks to even out the game between the favorite team and the underdog.
Over/Under Betting
In over-under betting, punters have to predict the results of a specific event that is a numbered probability such as the number of goals that are made on a football match.
Single Wager
The single wager is deemed the most typical and direct type of football bet. The punters only have to predict the outcome of a single event and payouts are usually much higher than the parlay bets.
Spread Betting
Spread betting refers to the type of wager that is placed following the format that is laid out by the bookmaker.
Underdog
An underdog refers to the team or side that is believed to not win the game and has a statistical disadvantage compared to their opponents but holds a huge payout with just a minimal amount of wager.
Void Bet
A void bet is a phenomenon that occurs if the game is canceled or halted due to an extreme weather disturbance or other unexpected situations that could affect the game. These circumstances can render the wager null or void and payouts will not be given.
Football betting is one of the profitable industries, learning these terms will elevate your skills in sports betting and you will be more confident in placing your bets on the bookmaker.
By knowing all of this jargon, players can assure that they will know what they're doing and will not waste the amount of bet that they are risking which will eventually payout.