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 "p":


A parlay is a single sports wager that involves two or more bets combined into one. This can include point spreads, moneylines, totals, futures, or even prop bets, as long as the bets are on different games. In the case of a tie, the tie game will be considered no action and the parlay will be downgraded to involve only the remaining games from the original wager.


A Payout is the amount the player receives if their bet is successful. The payout is determined by the odds and the amount placed on the bet. The payout includes the amount placed on the bet in the winnings.


Commonly known as ‘betting the spread’ or ‘handicap betting’ – is a sports betting market that means a team must win by a specific number of points / goals, or they must not lose by a specific number of points / goals.

Prop Bet

A prop bet is a non-traditional bet on a specific aspect of a game. Rather than picking the winner of the game, the player will bet on a specific event taking place like total passing yards by a player, who will score the first touchdown, coin toss result (yes, even the coin toss) and so much more.Props are a great way to add additional action to a game, and are often easier to beat than efficient markets like point spreads.

Punter (UK)

A customer or bettor (tipster). The person placing the bet with the bookmaker.

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