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 "l":

LayOff

Bookmakers reduce their exposure and minimize risk on a wager or series of wagers by placing bets with other bookmakers.  This is known as a "layoff wager."  It also helps both parties balance their action so neither of them loses too much money on any one game. 

LBO (UK)

A licensed betting office

Live Betting

A type of betting. Placing a wager on a game or event while it’s taking place. This is also known as In-Play wagering.

Long Odds

An unlikely/likely chance of winning if you bet on a horse in a race or on the result of a competition.

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