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

18Bet review
Cryptocurrency bookmaker

Cryptocurrency Bookmaker

Our rating

7.9

User rating

0

Players from Canada

18Bet

  • Possibility of requesting personal sports bonus
  • Separate section dedicated solely to eSports betting
  • 25 sporting categories to bet on
  • Huge number of supported payment methods, including cryptocurrency
  • No maximum withdrawal limit for some payment methods
  • No live streaming capabilities

Welcome Bonus of 100% up to €125

1xbet review
Bookie with best odds

The Best Odds

Our rating

8.8

User rating

9.0

Players from Canada

1xbet

  • Frequent promotions and quality bonuses
  • Simple registration process
  • Website available in 59 languages
  • High Betting odds
  • Large selection of events in the Live betting line
  • US players are not allowed

100% Welcome Bonus up to 100€ in free bets

BetVictor review
Trusted more then 20 years

WELL-TRUSTED BOOKMAKER

Our rating

7.9

User rating

9.0

Players from Canada

BetVictor

  • Over 60 years of experience in sports betting
  • Live streaming capabilities at the site
  • Great football odds to benefit from
  • Around 30 different sports to bet on
  • Mini games accessible from sportsbook
  • Large collection of country restrictions

Free bets and offers