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Learn About Soccer Betting Jargon

Soccer Betting Jargon For New Punters
Soccer Betting Jargon For New Punters

Learn About Soccer Betting Jargon

Thanks to technology, you can do almost everything from the comfort of your home or office. For example, gone are the days people used to drive for miles to purchase a new car. With the click of a button, you can go online, and source for a vehicle that you like and the same will be delivered to you regardless of where you are.

These technological advances have also offered football fans an opportunity to make money from any corner of the world through online soccer betting. Back in the day, such information was only available to a few and to place a bet; a wager had to travel for quite some distance to purchase a betting ticket. Today, there is no excuse, and anyone connected o internet can join this lucrative industry. Below are a few steps to consider before plunging into soccer betting:

Learning soccer betting Jargon

This step is particularly crucial to beginners or punters with little knowledge about this industry. Learn when to place a bet and when to walk away from a bet.

There are numerous terms that a beginner will need to familiarize themselves with. Words like odds, totals, accumulators, and bankroll are some of the most common. However, below we will look at some of the uncommon soccer betting words but which are equally important to every wager.

Bookmaker (also referred to as a bookie)

This is a person/company that accepts bets.

Arbitrage

This is simply a form of betting the same event but on separate platforms to lock in a profit by taking advantage of different betting lines.

Chalk

Usually a heavy favorite.

Bankroll

The amount of capital that is available for betting (in simple terms, this is your betting money)

Futures

Simply put, this is a wager that involves the outcome of a season or how a certain team or player will perform during that season.

Parlay

It is a bet in which two or more events must happen for a win to happen; if both fail to win, the wager will lose their money (A good example is placing a “double chance bet)

Point spread

It refers to the total points added to or taken away from a team's actual score for betting purposes.

Circled game

This is a common occurrence in betting, and it means that a game’s odds have been reduced probably because of uncertain conditions like erratic weather patterns or an injury to a player.

Lock

A locked bet is a bet that cannot lose.

Vigorish (or vig)

This is the commission charged by a bookmaker to place a bet with them.

Hook

A half-point in the betting spread.

Line (sports betting lines)

Point spreads or odds on a game.

 

Remember to follow our betting blog to learn more about guide for betting on sports.

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