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

Netbet review
Good for mobile betting

Good for Mobile Betting

Our rating

7.9

User rating

8.0

Players from Canada

Netbet

  • One of the best mobile betting platforms around
  • Competitive odds, especially in terms of football betting
  • Bet Maker personalisation tool
  • Minimum stakes of €0.07 for pre-match bets and no maximum stake
  • Large number of supported payment methods
  • Fees charged on certain withdrawals

€50 Welcome Bonus for New Customers

GG Bet review
Cryptocurrency bookmaker

Best eSports Bookmaker

Our rating

8.3

User rating

8.0

Players from Canada

GG Bet

  • Great depth of eSports betting options
  • Exceptionally adaptable and compatible website design
  • Live streaming capabilities available
  • Supports a wide range of payment methods
  • High-quality customer support team on hand
  • Has large focus on eSports, and few other sports betting options

Deposit Bonuses 100% up to 200 EUR

Virgin Bet review
Good for mobile betting

Good for mobile

Our rating

8.0

User rating

0

Players from Canada

Virgin Bet

  • Cashing out allowed
  • Offer players more than 33 different sports
  • Bet builder option offered
  • Custom mobile apps available
  • Plenty of events under the in-play section
  • Accepts only one currency – sterling pound

Bet £10 Get £20 in FREE BETS

Free bets and offers