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 "e":

Each Way

Each Way (E/W) bets find their origin in Horse Racing but are also often found in other sports such as football, where an each-way bet option may be offered on outright bets. When placing an Each Way bet the stake is doubled and will be placed half on a team to win and half on a team to place. 

Early Goal

A type of bet. The time when the first goal will be scored – before 10 mins, before 20 mins, before 30 mins and so on! Seems obvious but there are a few variations depending on what bookie you use.

Edge

This is an advantage that a bettor feels they have.

eSports

A modern form of competition. The term eSports is short for electronic sports, and it refers to competitive video gaming. So, we’re basically talking about people playing video games against each other in a competition. 

European handicap

Basically a 3-way bet, similar to a 1X2 match result bet. That is why it is also found as “Single handicap” or “3-way handicap”. In any match with a significant difference in strength between the two teams, a handicap is placed on the outsider, in order to make it harder for the favorite to win the bet. European Handicap is always an integer number, meaning it can be matched with a goal difference. Instead of placing an Asian Handicap of -1,5 goals or -0,25 goals, the European handicap is always of a -1, -2, -3 etc. kind.

Even Money

This is a wager with odds of 1:1.  There is some money to be made by the bookie, but no advantage for the bettor.  If a wager is placed on an even money line, the "winner" only makes their money back, while if the wager loses, the bettor gets nothing and the bookmaker keeps their bet. Even money lines rarely occur because a bookmaker will always find a way to give one team an advantage.

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