An accumulator, otherwise known as a parlay bet, refers to a single bet that links two or more bets/individual wagers into one whole bet. In order to win, the accumulator requires all wagers to win as they are each dependent on each other.

Ante post refers to betting odds offered a day before a horse race. This happens before all races begin and is the most common type of bet.

Arbitage betting refers to opportunity betting in which punters guarantee a “sure bet” by betting on a game at two or more bookmakers. Since it is well known that bookmakers each have unique odds, it is possible to bet on one competitor at bookmaker A and bet on the second competitor at bookmaker B (or…

The Asian handicap originated in the east and refers to spread betting in soccer. The Asian handicap (also known as Hang Cheng) removes the possibility of a draw result which increases the chances of a punter turning a profit significantly. There are only two outcomes of a win with an Asian handicap, a “home” or…

Banker bets are bets placed on hot favourites and are, therefore, expected to bring certain profit. In system bets, banker is a selection that must win in order to guarantee a return. These are usually placed on odds of 1.40 (2/5) or lower and can be placed as singles or combined as part of an…

Betting exchange works almost the same as stock market, but instead of trading shares you trade your bets. Rather than betting against the bookmaker, you bet against fellow players, with the betting exchange acting only as intermediary. You can place a ‘back’ bet – betting on something happening or a ‘lay’ back – betting against…

Online bookmakers tend to offer a huge selection of betting markets on every single match, often giving their customers a choice between more than 100 betting options per game. Popular betting markets include winner (home, draw, away), over/under, Asian handicaps, correct score, first goalscorer, half-time result and many more, with the bettors given a courtesy…

Otherwise known as the final line, the closing line refers to the betting line before a bookmaker sets the odds for an event.

Double bet is the simplest of all accumulators as it consists of just two selections, both of which need to be guessed correctly in order to qualify for a return. Offering higher returns than singles and giving better chances of winning than multi-bet accumulators, double bets or simply doubles are used by a huge number…

Double chance betting is usually deployed by punters who enjoy backing the underdogs with its main feature the fact that it covers two out of three possible outcomes. By taking a double chance on a team, you win the same amount of money if your team win or if they draw, meaning that only the…

“Draw no bet” is commonly used when betting on sporting events. If a punter backs a team in the Draw no bet market, his bet will win if his team emerge victorious, while the full stake will be refunded in case of a draw. The bet loses if the backed team lose the game in…

Dutching is a betting system used to cover several contenders in an event, making sure each and every one of those bets guarantees the same profit, while eliminating major underdogs. This ensures the same profit regardless of which bet wins, obviously provided one of the backed contenders do win the event. This kind of strategy…

An "each way bet" is offered by bookmakers and refers to two separate bets on the same stake; a win and a place bet. This is most commonly used in horseracing when the punter bets on the horse to win, or place (usual top 3). If the horse places, then the odds will be fractionally…

There is a good chance that all of you have heard of Asian handicap, but European Handicap is not such a familiar term. With European Handicap, one of the two teams is given an advantage before the match starts, but there are still three possible outcomes – home win, draw and away win. There are…

Evens bet is a bet placed at odds of 2.00 (1/1), commonly known as even odds, and is seen as an ideal bet especially for players who mostly bet on singles because it doubles your stake if guessed correctly. The players only need to win every other bet placed on even odds or higher to…

An exacta, or perfecta, is commonly used in horseracing in which the punter must correctly pick the order of those finishing in first and second place exactly.

Fixed odds betting is a process of placing bets on pre-determined odds, meaning that you know exactly how much you stand to earn at the time of placing a bet. Regardless of how much the odds fluctuate after you have placed your bet, your potential returns will not change. All you have to do is…

Forecast is a wager on a single event that requires a punter to correctly predict the finishing order of the first two finishers in the event. Forecast bets are usually placed as outright bets on the outcome of a football competition, with punters usually predicting the two teams to finish as 1st and 2nd in…