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 "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.

Latest predictions

Recommended bookmakers

Bet365 review
Best Support

Best Support

Our rating

8.3

User rating

8.5

Players from Canada

Bet365

  • Access to a wide array of statistics
  • Up to €70,000 withdrawal limit
  • Highly competitive bookmaker margins
  • Live streaming of over 70,000 events every year
  • 24/7 customer support through various methods
  • Reports of players having their accounts limited

Welcome Bonus 100% up to 100 EUR

Bet Hard review
Best New Bookmaker

Best New Bookmaker

Our rating

8.3

User rating

9.0

Players from Canada

Bet Hard

  • Good betting margins on top sporting events
  • Highly reputable customer support team
  • Withdrawal limit of up to €50,000
  • Over 150 different betting markets
  • Around 25 sports available to bet on
  • A large collection of countries restricted from registering

Welcome Bonus up to €50

Bet-At-Home review
Low deposit bookmaker

Low deposits

Our rating

7.9

User rating

8.0

Players from Canada

Bet-At-Home

  • Great choice of supported payment methods
  • Exceptional multilingual customer support team
  • Extensive range of basketball leagues available to bet on
  • One of the simplest online sportsbook interfaces to experience
  • Strong selection of alternative bets for tennis
  • No promotions or VIP club to benefit from

Welcome Bonus up to €50

Free bets and offers