Advanced dictionary on sports betting

Advanced dictionary on sports betting

If you've read the basics of sports betting, you've probably been wanting more. That is why we have decided to expand the list with some little more complex concepts.

You access a website or a Telegram group and read terms like "draw down", "handicap", "closing odd" ... and you stay the same, you don't understand anything. It is normal, we are not born knowing everything. Therefore, this guide is for you.

Closing odd:

It is the odd just at the moment the event begins.

Exit odd:

It is the odd with which an event appears at the moment that the bookmakers offer it.


Occurs when a player retires before starting a match. It is more common in tennis, although it can occur in other sports. Generally, bets are void, but this can change depending on the bookmaker.

Wager Limit:

It is the maximum amount that a market allows to bet. Each bookmaker has its own, and it can be drastically altered when your account is limited.

Account closure:

It is a strategy of the bookmakers to close the account of a generally winning user, and thus prevent it from continuing to generate losses. can help you if your account is in that state.

Account limitation:

This is another type of strategy to prevent winning users from continuing to generate losses for the bookmaker. An account limitation reduces the wager limit by up to 1% of what a new user can bet.

Vigorish or commission of the bookie:

It is an American term to refer to the commission that a bookmaker takes on a bet. That is why they never offer @2 and @2 to a bet and its opposite, generally being @1.8 and @1.8 or similar, with that 0.2 difference, their commission.


It is about attributing a fictitious advantage or disadvantage to an event to make a type of bet given those conditions.

European handicap (or 3-option handicap):

In the European handicap we can bet on 3 options. E.g.: Handicap -1 [Home (-1) Draw (+1) Away (+1)].

• If we bet on Home (-1), the home team must win by more than one goal for our bet to be a winner.

• If we bet on the Draw (+1) it means that adding a goal to the underdog, they are tied. If this happens, the bet is winning.

• If we bet on the Visitor (+1) it means that the visiting team must draw or win the match for our bet to be won.


Basically you have to subtract or add the goals to the chosen team that marks the bet and that the selected result is fulfilled. Example: If Barcelona beat Madrid 4 - 2, a Local handicap (-1) would be won, since if we subtract a goal from Barcelona they remain 3-2, resulting in the winner. On the other hand, the Draw (+1) would be lost, adding a goal to the underdog, in this case, Real Madrid, there would be 4 - 3, the result being Local. And finally, in case of betting on the Visitor (+1), it would also be lost, since the result would be 4 - 3, that is, the local would also win.


At Bet365 European handicaps look like this in the bet selector:

"Draw - (Leganés +1)"

and it could be easily translated as:

Expected Result - (Handicap Team)

We subtract or add the goals of the "Handicap" to the "Team" within it and observe the result. If this matches the "Expected Result", we have won the bet, otherwise it is a loser.


Asian handicap:

Similar to the European one, but with a plus of complexity. They are no longer just whole numbers, they are also handicaps with decimals. In addition, in this market there are not only failed and correct bets, there are also void, half won and half lost. And how is that? We explain it to you.

We are going to present several examples of Asian handicap:

• Handicaps -1.5, +0.5, -2.5, +1.5 ... are easy to understand, and can only be won or lost. If a team draws 1-1 against another, and you have bet +0.5 on either of them, it is green, since it would be either 1.5-1 for the home team or 1-1.5 for the visitor, since in both cases they win on average. goal. It may sound a bit strange to add half goals, but in mathematics it looks simpler, 1.5 is greater than 1. It is enough to apply the addition or subtraction of the goals of the bet to the selected team to know if we have won or lost it.

Example: Barcelona beat Levante 6-0. A -5.5 handicap for Barcelona would be won, since if we subtract 5.5 goals from Barcelona, ​​they continue to win by half a goal. Also, a +6.5 handicap for the Levante would be won, since they would finish 6-6.5, winning Levante.

Basically it is (Goals bet team) (+/- Goals Handicap) - (Goals opposing team). If the result is positive the bet is won and if it is negative the bet is lost.


• Handicaps +1.0, -2.0, +0.0, +3.0 .... are slightly more complex, but just as easy. As in the decimal handicaps, the number of indicated goals must be added or subtracted, but we have the advantage that, if there is a tie after adding or subtracting the bet, they will refund us in full, as if we had not made the bet.

Example: Atleti beat Real Madrid by one goal, 1-0. If we bet on Real Madrid +1.0 Asian, they would be 1-1, but being Asian, they would give us back in full, everything we have bet. In the rest of the cases it is simple, if we bet Atleti -1 it is also null, 0-0, if we bet Atleti +1.0 it is green, 2-0, if we bet Real Madrid +2.0 it is won, 1-2 ...

It should be noted that 0.0 for either team is equivalent to DNB, or invalid bet.


• Handicaps +1.25, -1.75, +0.25, +0.75 .... They are the most complex. To understand these handicaps, you have to understand the previous two very well, the integers (1.0, 2.0, -1.0 ...) and the decimals (0.5, -0.5, +1.5 ...). They consist of betting half on the integer and the other half on the nearest decimal, that is, a '+0.25' is equivalent to 0.0 and 0.5, a '+1.25' is half 1.0 and half 1.5, a -0.75 is half -1.0 and -0.5 ... Basically if we bet 100€ at +0.25, we are betting 50€ at +0.0 and 50€ at +0.5.

Example: Villareal beat Barcelona 1-0. A +1.25 handicap to Barcelona would be to bet half at +1.0 and the other half at +1.5. The +1.5 is won since they would end 1-1.5, but the +1.0 is void, since they would end 1-1. Then? Easy, if it is a 2 odd and we have bet 100€, 50€ is returned to us and the other €50 is won to @2, that is, we have won 50€, as if it were a @1.5 instead of @2.

Example 2: In the same game as the previous example we bet on -1.25 for Villareal. It would be to bet half at -1.0 and the other at -1.5, the handicap -1.0 would be void, since they would end 0-0, but the handicap -1.5 is lost since the result would be -0.5-0, losing Villareal half goal. Then? The first half of the bet would be void, that is, they return the 50€, but the other part would be lost, losing the entire half. We have bet 100€ and recovered 50€, taking a loss of 50€. It would be similar to betting at odds @0.5.


A winning tip would give us all the profit of the bet odds, a lost one would lose the entire bet, a void one would recover it completely, without profit or loss, an average bet won (Example 1) would be calculated as ((original odds - 1) / 2 ) +1 and an average bet lost (Example 2) would be to change the odds by @0.5.


It is important to understand handicaps not as goals or points but as numbers. It is not possible to conceive a result that ends in -0.5 goals for one team or that another wins by half a goal. If we interpret it as numbers, it will be much easier to understand.


It consists of betting on the exit odd of a market, that is, when the bookmaker offers it for the first time. The limits of these markets are usually quite low, allowing you to bet only a few tens of euros. The bookmakers know that they make mistakes so it helps them so that the users themselves correct them by betting on the wrong odds, but without causing them a great loss.

Arbitration or surebet:

It consists of betting on all the possibilities of a market seeking not to lose money or win regardless of the result.

The odds in the bookmakers are similar to scales, if a lot of money enters on a selection of a market, it goes down, raising the opposite selection. This is so because bookmakers seek to make money regardless of the outcome.

Example: If in the Nadal vs Djokovic match, half of the users of a bookmaker bet, together, 1000€ on Nadal, and the other half 1000€ on Djokovic, the odds being @1.8 and @1.8, Regardless of the result, the bookmaker will win 200€, since they receive 2,000€ in bets and pay the winners 1,800€.

This happens independently in each bookmaker, and in each one the users can behave in a different way. If many people bet on Nadal in one house, Nadal's odds will go down to equal these scales, and if in another house, many users bet on Djokovic, the same thing will happen in reverse, and we could find ourselves in bookmaker “A” Nadal @2.1 and Djokovic @2.2 at bookmaker "B". This would make betting 100€ on Nadal at @2.1 and another 100€ on Djokovic at @2.2, we win money (10€ in one case and 20€ in the other) regardless of the outcome of the match.

Exchange bookmaker or Exchange

They are those bookmakers that allow bets between users. The bookmaker does not assign the odds, but rather the users are the ones who choose the odds it should have, and such bets are validated if another user bets the opposite to the corresponding opposite odds.

There are no profit limits nor are there any blocks in gaming operators, since these would not be harmed by the winning users, but it will be the losing users who pay the first ones. In addition, the bookmakers commission for such bets.


It is the amount lost from a point “A” of units to a point “B”, that is, the moment a tip is lost, a drawdown begins, and until another is not hit later, it does not end.

The max Drawdown would be the largest drop in units from point “A” to point “B” in the entire history of a Tipster. If a Tipster's global units graph goes through 0 uds, then 10, then 20, then 5, then 10, and finally 5, his biggest drawdown has been 15 units, from the point where he was at 20, until it was 5.

This unit is extremely useful to know what has been the hardest moment in all its history and how to prepare your bank in case it happens again. A very important preventive measure when choosing a tipster.

Over and under

It consists of betting on events that will occur a certain number of times, Over (major) or Under (minor) of X measure, be it goals, points, fouls, assists, games….