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Sports Betting Terms and Concepts

Last updated on December 29th, 2021


As in any other business, people use a variety of expressions that can be described as “slang” or “jargon”. Sports betting terminology can be formal, technical, or slang. You can use these terms when using the VOdds platform. 

 

This article will focus on the terms in sports betting and their meanings. Let’s consider the basic concepts that beginners will need.

 

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Here’s What You Need To Know Before Betting Online:

 

Before diving into the world of online sports betting, study some terminologies first. We will divide these jargon into three categories:

 

  1. Official
  2. Bookmaker
  3. Slang

 

Let’s take the first two categories into a separate subspecies and analyze them separately. Very often in the betting dictionary, certain expressions have a similar meaning:

 

  1. Official terminology is most often used at the legislative level. You can highlight such words as bet, win, bookmaker and others.
  2. The bookmaker’s terminology is in many ways similar to the official one. It is often used by bookmakers to designate certain outcomes, events, and more. As an example, we can cite the words line, coefficient, system, single, express, free bet and similar expressions. 

 

Let’s understand the meanings of these terminologies before you start betting:

 

  • Betting is a game that depends on a certain outcome, which cannot be known in advance.
  • Bet – the amount of money that the player has placed on a certain event
  • Win – the amount of money the user was able to win based on the winning bet
  • Bookmaker is a specialized firm where players can place their bets on.
  • Line – sometimes money line, are events on which the player has the opportunity to place a bet
  • Odds – a multiplier that helps you calculate the likely winnings
  • System – a strategy that contains betting selections for you to win.
  • Single – a rate consisting of one event
  • Express – a bet consisting of several events. In this case, the coefficient is summed up
  • Free bet is literally a free bet, often given to newbies by some bookmakers.

 

Slang Basics of Sports Betting

 

The slang expressions are distinguished into a separate category. They are used by players in informal conversation. Examples are the words bettor, beech, kef, value, capper, luz, popan and the like.

 

Let’s talk about each expression in more detail:

 

  • Bettor or punter – a person who plays sports betting or any type of betting activities
  • Beard – a person who places a bet on behalf of someone else
  • Kef – coefficient of a certain event 
  • Vigorish (Vig or Juice) – Commission that is built into money line or charges by the bookmakers
  • Handicapper – an experienced gambler or sports bettor who predicts odds and works for bookmakers or casinos to set the odds
  • Dog or Underdog – a weaker team that is predicted to lose the match but still have a chance to win the game
  • Sucker – an inexperienced or beginner punter who makes bad betting decisions and keep losing huge amounts of money in betting

 

These jargon may vary per country or location but can be used when communicating informally with other players. You can also see these words in tipster articles and forums. If you would like to apply your acquired knowledge of slang to betting, join VOdds today and start betting!

 

We also recommend reading our article “List of Underrated Betting Strategies” to learn about unpopular types of bets that will help you win even more!

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