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 "o":

Odds

The pointspread or money line on any particular sporting event. The price available on a selection for a bet from a bookmaker. When you see the term odds against it means that the price is higher than evens (2/1, 5/2 etc) so a successful bet would win you more than the stake you put down. Odds are often displayed in one of three formats: American (moneyline), European (decimal), and British (fractional)

Odds dropping

A betting term

Outright Bet

An ‘outright bet’ is a wager on the overall winner of a tournament or competition. These bets are generally placed before the tournament begins but it is also possible to place outright bets after the action has begun although the odds will most likely be different. 

Over

One of the most popular types of bets. In over/under betting, sometimes abbreviated as O/U betting, you predict if a certain event is to happen over or under a specific total In most cases, when wagering on a total the bettor is simply choosing whether the total number of points scored by both teams will be over or under the listed total of points to be scored. The winner and loser of the game don’t matter in a totals bet. The only thing that matters with this kind of bet is the number of points (runs, goals, etc.) scored. 

Overdog

A favourite

Latest predictions

Recommended bookmakers

LV Bet review
Best New Bookmaker

New Bookmaker

Our rating

8.0

User rating

9.0

Players from

LV Bet

  • Enhanced odds available to take advantage of
  • Downloadable mobile app
  • Over 380 extra bets
  • Supports more than 15 payment methods
  • Large focus on eSports betting
  • No horse racing available

Get a 100% matched bonus up to €50

Mr Play review
Best New Bookmaker

Best New Sportsbook

Our rating

8.3

User rating

0

Players from

Mr Play

  • 10,000 pre-match events available per month
  • More than 27 sports to bet on
  • Cash Out function available to use
  • 4% house edge on Premier League and NBA
  • Over 15 payment methods supported for depositing
  • Support isn’t available 24/7

Welcome Bonus Bet £10 Get £10 for UK

Betfair review
Bookie with high odds

Low Betting Margins

Our rating

8.5

User rating

6.0

Players from

Betfair

  • No maximum winning limit imposed
  • Excellent support team with quick responses
  • Quick withdrawal process in place
  • Rewards4Racing Partnership
  • Cash deposits available through Paddy Power shops
  • Various issues concerning casino have led to doubts over sportsbook

Welcome Bonus up to £100 in Free Bets

Free bets and offers