Master the lingo: Key sports betting terms you should know

Jumping into sports betting can be an exciting learning experience, like discovering a new language. With a variety of terms and phrases to explore, you'll gradually build your knowledge, helping you make informed bets and smarter decisions over time. This guide will walk you down the most important betting terms you need to know, so you can bet like a pro in no time.

Bet live on popular sports here

Sports betting terms explained

Betting on your favourite sports at Sportsbet.io is a breeze if you know what the gambling terms mean.

To get you on the right track, here’s a list of the common online betting terms and their meaning:

• Odds → One of the most important betting terms you should know, as they represent the likelihood of an event happening and determine how much money you can win if your bet is successful. For instance, if you see odds of 2.00 (Decimal format) for a team to win, a winning bet of 10 USDT would return 20 USDT, this includes your initial stake. Higher value odds often mean a riskier bet, while lower value odds indicate a higher chance of winning. At Sportsbet.io, you can choose among three types of formats for displaying odds: Hong Kong, Decimal, and American.

• Stake, bet or wager → These sports betting terms refer to the amount of money you wager on a specific sports event. If your stake is successful, your winnings are based on the amount you wagered and odds.

• Betting markets → In bookmaker terminology, these are specific options or outcomes you bet on. Each market focuses on different aspects of an event. For example, in a football match, the betting markets include a bet on the final score, who will score first, or the total number of goals. Each market is also accompanied by its corresponding odds, showing you how likely the outcome will take place in the sports event you’re betting on.

Expect various markets in a single game alone. To make your betting smoother, Sportsbet.io has a betting markets filter that lets punters sift through the markets so they can focus on the options they prioritise the most.

• Payout → A payout is one of the gambling terms for winning which is your total return, including your original stake and the amount you won. For example, if you wager 10 USDT on decimal odds of 3.00, your payout would be 30 USDT made up of the original 10 USDT stake, plus the profit of 20 USDT.

• Margin → The margin in sports betting terminology means the difference between the true odds of an event happening and the odds offered by the online bookmaker. Knowing the margin helps you see how much the bookmaker profits from your bets. A lower margin often means better odds for you, increasing your potential winnings.

• Inplay betting → Also called live betting in a betting glossary, this is a type of betting where you can wager on any live or ongoing event/match. You can see the current situation in real time, and the odds change quickly based on what’s happening. The bets here should be finalised before the event ends.

• Spread → The spread is a betting terminology that refers to the number set by bookmaker sites that indicates how many points a stronger team is expected to win by. It helps balance the betting on both sides and manage risk.

• Wagering requirements → This sports and casino terminology pertains to a promotional offer’s conditions that determine how many times you must bet before you can withdraw any winnings from a sports betting bonus. For instance, if you get a 50 USDT welcome bonus with a 5x requirement, you must wager 250 USDT in total (50 x 5) before you can withdraw your overall wins from that bonus.

• Void bet → A void bet is one of the key terms used in betting that refers to a wager that is cancelled and doesn’t count. This often occurs when a sports match doesn’t happen as expected, such as rain delays in cricket, or if there’s a mistake in the betting process.

• Multi bet → A Multi bet or Accumulator bet in gambling terminology is a single wager that combines multiple individual stakes into one. All your selections must win for you to get a payout.

• Legs selection → In gambling terms, a leg selection refers to the individual bets included in a parlay bet. For example, if you include three different sports games in your parlay, those three games are your legs.

• Moneyline betting → This simply means betting on who wins any given match or game. At Sportsbet.io, the market you’ll focus on for moneyline betting is the ‘Winner’ or ‘1x2’ market.

Crypto betting terms you need to know

Due to its convenience and faster transactions, crypto sports betting has become a popular option for online punters. Knowing the gambling terms in Japanese will help you navigate the betting landscape more effectively and enhance your overall experience.

Here’s a crypto gambling glossary to aid you in your crypto betting sessions:

• Crypto → Cryptocurrencies like BTC are virtual assets that use cryptography for security and operate on blockchain. They allow for fast and secure transactions without the need for banks.

• Wallet → Your crypto wallet holds your funds and can be essential for online betting. Popular wallets include MetaMask, Coinbase, and Trust Wallet. You can connect your wallet to Sportsbet.io and use it to deposit funds, place bets, and withdraw your winnings in crypto. Wallets can be apps on your phone (software/cold wallet) or a physical device like a USB (hardware/hot wallet).

• Blockchain → This a digital public ledger that keeps track of all transactions made using crypto. It ensures that all bets and payments are secure, transparent, and cannot be altered.

• Smart contracts → Smart contracts are self-executing agreements with the terms directly written into code. Ethereum is the first and most popular blockchain for smart contracts, enabling a wide range of decentralised applications. For example, if you bet on a game, the smart contract will check the outcome and pay you if you win, all without manual intervention.

• Tokens → Tokens represent various assets or utilities within a blockchain ecosystem. In sports betting, tokens are often used as a form of currency for placing bets or as rewards.

• Fiat currency → This is money that a government has declared to be legal tender. Aside from crypto, many online sportsbooks accept fiat currency for deposits and withdrawals. Examples of fiat currency include yen, dollars, and euros.

Bet on upcoming events here

Sportsbet.io terms for hassle-free betting

Sportsbet.io is a leading crypto sportsbook that offers competitive odds and plenty of sports betting options. Our site has specialised gambling terminology you should know for hassle-free betting. To get you started, here’s a list of gambling terms you’ll find on Sportsbet.io:

• The Clubhouse → The Clubhouse is Sportsbet.io’s loyalty program that rewards you for betting on the site. As you place bets, you earn points which can be redeemed for exclusive rewards and promos.

• Clubhouse TV → This is a platform featuring different informative shows, sports-related news, and engaging content at Sportsbet.io. At Clubhouse TV, you can enjoy sports analysis, get expert tips, and join sports discussions for the EPL, European Leagues, NFL and NBA.

• The VIP Clubhouse → Sportsbet.io’s VIP Clubhouse is an exclusive community for high-rollers. As a member, expect exclusive rewards and offers, dedicated VIP managers, and invites to VIP events.

• Betslip → This is a handy feature on Sportsbet.io that enhances your betting experience. With betslip, you can add bets from various sports and events into one simple slip. It also helps you keep an eye on and review your selected bets before finalising them.

• Price boost → The Price Boost feature allows you to enhance the odds on your selected bets. This increases your chances of winning for a more worthwhile betting session.

• Bet Builder → This is a feature that allows you to create customised bets by combining multiple selections from a single match into one wager. The combined odds of your selections are multiplied, giving you a higher payout.

• Loyalty points → These are rewards earned when you place bets on the site. As you earn points, you progress through seven unique loyalty tiers, each offering enhanced rewards.

Bet on your favourite sports at Sportsbet.io

Now that you know the key betting terms in online sports betting, it’s time to test your luck and bet on popular sports at Sportsbet.io. For on-the-go betting, Sportsbet.io also offers a mobile app for Android and iOS devices you shouldn’t miss out on.

Explore ongoing Sportsbet.io promotions here

DISCLAIMER

The information provided by the blog above on Sportsbet.io is for general information purposes only. All information on the Site is provided in good faith, however, we make no representation, warranty, or guarantee of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, or completeness of any information or betting tips on the Site.