Industry-specific terminology for use in sports betting – Explained

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  1. Handicap: A handicap is a point spread that is used to level the playing field between two teams. In handicap betting, the underdog team is given a certain number of points, known as the handicap, to increase their chances of winning the game. For example, if a team is a 5-point underdog, they will start the game with a 5-point lead. If the underdog team wins or loses by less than the handicap, then the bet on the underdog team will be a winner.

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  2. Moneyline: Moneyline betting is a type of bet where the bettor simply chooses which team will win the game. The team that is favored to win will have a minus sign (-) in front of their odds, while the underdog will have a plus sign (+). For example, if the odds for Team A are -150, that means a bettor would need to wager R150 to win R100. If the odds for Team B are +300, that means a bettor would win R300 for every R100 wagered.
  3. Over/Under: Over/Under betting is a type of bet on the total number of points scored in a game by both teams combined. The bettor can wager on whether the total points scored will be over or under a certain number set by oddsmakers. For example, if the over/under is set at 47, a bettor can wager on whether the total points scored will be over 47 or under 47.
  4. Parlay: A parlay is a bet where multiple selections are made, and the winnings from the first selection are used as the stake for the next. For example, if a bettor makes three selections and each selection has odds of 2.0, the bettor would win 8.0 for the first selection, 16.0 for the second selection, and so on.
  5. Point spread: A point spread is a number set by oddsmakers to handicap a team, making the betting more even on both sides. The point spread is the number of points by which the favored team is expected to win. For example, if the point spread is -7, the favored team must win by more than 7 points to cover the spread.
  6. Juice: Juice is the commission charged by a bookmaker for taking a bet. Juice is also known as vigorish or vig. Juice is usually 10% of the bet, but it can vary depending on the sportsbook.
  7. Futures: Futures are a type of bet on a team or player to win a championship or award at the end of a season or tournament. For example, a bettor can place a futures bet on a team to win the Super Bowl or a player to win the MVP award. These bets are usually placed before the season or tournament begins.
  8. In-play betting: In-play betting is a type of betting where bets can be placed during a live event. This type of betting allows bettors to wager on events that are happening in real-time, such as the next goal scored or the outcome of the next possession.
  9. Prop bet: A prop bet is a type of bet on specific events or outcomes within a game, such as the first team to score or the total number of yards a player will gain. These bets are not directly related to the outcome of the game.
  10. Teaser: A teaser is a type of parlay where the point spread or total is adjusted in the bettor’s favor. For example, a bettor can take a 7-point favorite and adjust the spread to 7.5 points in their favor
  11. Accumulator: An accumulator, also known as a parlay or a multiple bet, is a type of bet where multiple selections are made, and the winnings from each selection are accumulated to form the final payout. The bettor must correctly predict the outcome of all the selections in order to win the bet. The potential payout increases with the number of selections made, but the risk also increases as it is harder to predict the outcome of multiple events.
  12. Arbitrage: Arbitrage is the practice of taking advantage of different odds offered by different bookmakers to make a guaranteed profit. This is possible when there are discrepancies in the odds offered by different bookmakers for the same event. A bettor can place bets on all outcomes of an event with different bookmakers to ensure a profit, regardless of the outcome.
  13. Back bet: A back bet is a bet placed on an outcome to happen. This is the most common type of bet and refers to betting for a certain outcome to happen, for example, betting that a specific team will win a game.
  14. Dutching: Dutching is a betting technique where a bettor spreads their stake across multiple selections to reduce risk. This technique involves calculating the required stake on each selection to guarantee the same profit if any of the selections win. This is useful when there are multiple strong contenders in a race or event and the bettor wants to spread their risk.
  15. Exotic bet: An exotic bet is a type of bet that is not a straight win or lose bet, such as a prop bet or a parlay. These types of bets often have more complex rules and can offer higher payouts.
  16. Fixed-odds: Fixed-odds betting is a type of bet where the odds are set at the time the bet is placed and do not change. This is in contrast to other types of betting, such as exchange betting, where odds can fluctuate up to the start of the event.
  17. Hedge: A hedge is a bet placed to reduce the risk of a previous bet. This can be done by betting on the opposite outcome or by placing a bet on a different event to offset the potential loss on the original bet.
  18. Lay bet: A lay bet is a bet placed against an outcome to happen. This type of bet is typically placed on a betting exchange and involves betting against a certain outcome, such as betting that a team will not win a game.
  19. Odds-on: A term used to describe a strong favorite in a betting market. The odds for an odds-on selection are less than evens, meaning that the potential payout is less than the stake.
  20. Sharp: A sharp is a professional bettor or someone with a high level of expertise in betting. This term is used to describe someone who has a deep understanding of the sport and the betting market and is able to consistently make profitable bets.
  21. Spread betting: Spread betting is a type of betting where bettors wager on the difference in score or outcome between two teams or competitors. In spread betting, a bookmaker sets a line or spread, and bettors can wager on whether the final outcome will be above or below the spread. This type of betting is also known as line betting or handicap betting.

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  22. Straight bet: A straight bet is a type of bet on a single event or outcome, usually a moneyline bet. This type of bet is also known as a single bet, and it’s the most straightforward type of wager.
  23. Tote betting: Tote betting is a type of betting where all the bets on a race are placed into a pool and the payouts are calculated based on the total amount in the pool and the number of winning tickets. The payout is determined by dividing the total pool by the number of winning tickets, and this type of betting is typically used in horse racing.
  24. Underdog: The underdog is the team or competitor that is expected to lose in a betting market. This team or competitor will typically have higher odds, meaning that a bettor can potentially win more if they correctly predict the underdog to win.
  25. Value bet: A value bet is a bet where the odds offered by the bookmaker are higher than the true probability of the event occurring. This means that the bettor has an edge over the bookmaker and is more likely to make a profit in the long run.
  26. Wager: A wager is the amount of money placed on a bet. The wager can be a fixed amount or a percentage of a bankroll.
  27. Advanced betting: Advanced betting is a type of betting that includes using statistical analysis and other techniques to make more informed betting decisions. This type of betting often involves using data and analytics to identify trends and patterns that can be used to gain an edge over the bookmaker.
  28. Bookmaker: A bookmaker is a person or company that accepts bets on the outcome of sporting events. Bookmakers set the odds for betting markets and take a commission on the bets placed.
  29. Closing line: The closing line is the final odds offered by a bookmaker before an event starts. This line can fluctuate up until the start of the event, and it’s often used as a benchmark to measure the accuracy of betting predictions.
  30. Edge: An edge is an advantage or advantage a bettor has over the bookmaker. This can be achieved by having better knowledge of the sport or event, using advanced betting techniques, or identifying value bets. Having an edge over the bookmaker can increase the chances of making a profit in the long run.
What is sports betting in South Africa?

Sports betting in South Africa refers to the practice of placing wagers on the outcome of sporting events. This can be done through licensed sports betting companies or online sports betting sites.

How does sports betting work in South Africa?

Sports betting in South Africa typically involves choosing a team or competitor to win a particular event, and placing a wager on that outcome. The odds of the bet are determined by the sportsbook or online betting site, and the payout is based on the odds and the amount of the wager.

Is sports betting legal in South Africa?

Sports betting is legal in South Africa, but it is regulated by the National Gambling Board. Only licensed sports betting companies are allowed to operate in the country.

What are the best sports betting sites in South Africa?

The best sports betting sites in South Africa are typically those that are licensed by the National Gambling Board and have a good reputation for providing fair odds and reliable payouts. Some examples include 10bet, Betway, and Hollywoodbets.

How do I place a sports bet in South Africa?

To place a sports bet in South Africa, you will need to create an account with a licensed sports betting company or online betting site. Once you have an account, you

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