Betting Dictionary

You may notice that there are many important terms and phrases relating to the football betting world. Of course, these aren’t words that you will have come across without having participated in sports betting before. To add to this, there are multiple different bets that you can place, and these all have a different meaning, as well as a different requirement for winning them. Reading through this page will allow you to learn about some of the most common phrases you’ll come across.

So, to find out what backing and laying mean, what cashback and moneyback mean or what arbitrage and equivalent are explained as, this is the right place to be.

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Results for the letter "b":


Betting resources. This is the amount of money an individual has to gamble with.


The main gambling activity. To risk a sum of money or a thing of value on the basis of the outcome of an unpredictable event such as a race or game.

Bet Slip

The ticket where all your bet's information – including markets, odds and stakes – is displayed. Here you can also see your estimated pay-out and check the details of your bets before actually placing them. Your betslip will appear in the bottom section of your screen after selecting a bet.

Betting Exchange

A betting exchange is a marketplace for customers to bet on the outcome of discrete events. Betting exchanges offer the same opportunities to bet as a bookmaker with a few differences. Bettors can buy (also known as "back") and sell (also known as "lay") the outcome, and they can trade in real-time throughout the event, either to cut their losses or lock in profit. Bookmaker operators generate revenue by offering less efficient odds. Betting exchanges normally generate revenue by charging a small commission on winning bets. 

Betting Margin

Bookmaker's profit already included in bet price. Its the amount charged by the bookmakers to take your bet. It is the difference in what is wagered and what is paid out to winners. 

Betting markets

A betting market is a specific type or category of bet on a particular event. Bookmakers typically offer multiple betting markets on each event. Popular betting markets are: winner (home, draw, away), over/under, Asian handicaps, correct score, first to score, half-time result and many more).

Betting Strategy

A betting strategy/method. A system of rules for placing bets that is believed to lead to winning.


Also known as a “bookie”. A person or organization that accepts bets; calculate odds, and pay out winnings


Both teams to score. Both teams to score or BTTS is a betting market in which both teams must score at least one goal during a fixture. BTTS is typically used in football betting.

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