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.

Reset a b c d e f g h i j k l m n o p q r s t u v w x y z

Results for the letter "k":

Kelly Criterium

The Kelly criterion is a mathematical formula relating to the long-term growth of capital developed by John L. Kelly, Jr. The formula was developed by Kelly while working at AT&T's Bell Laboratories. The formula is currently used by gamblers and investors for risk and money management purposes, to determine what percentage of their bankroll/capital should be used in each bet/trade to maximize long-term growth.

Latest predictions

Recommended bookmakers

Betsafe review
Live streaming bookie

Live Streaming Bookmaker

Our rating

8.1

User rating

1.0

Players from Canada

Betsafe

  • Live streaming capabilities
  • Regular blog posts with stats and updates
  • Strong range of eSports betting opportunities
  • Decent number of supported payment methods
  • Bet Builder functionality
  • No VIP/Loyalty Program
WilliamHill review
Trusted more then 20 years

Well-trusted Bookmaker

Our rating

8.5

User rating

8.0

Players from Canada

WilliamHill

  • Massive number of currencies supported
  • Long-running and experienced betting company
  • Supports a large number of payment methods
  • William Hill Plus card
  • A total of 28 different sports categories to navigate through
  • No VIP or Loyalty Scheme available

Get 3 Bet Boosts Every Day

BetFred review
Best Live Stream Bookie

Best Live Streams

Our rating

7.8

User rating

4.2

Players from Canada

BetFred

  • Sponsors many large sports events
  • Minimum deposit possibility of £5
  • Up to £25,000 withdrawal per day possible
  • Specific welcome offer for football betting fans
  • Support available on a 24/7 basis
  • No VIP program to join

Welcome Offer – Bet £10 Get £30

Free bets and offers