Below are the most common terms used in Spread
Betting or NFL bet (Index Wagering) that we here
at wager on football sportsbook review could find.
Should you ever need further explanation of a term
we will be happy to help. Always feel free to email
our experts.
BUY A wager that
the result will be greater than the higher end of
the price. Also known as GO HIGH.
CLOSING A BET Where
you place a second wager, of the same size and in
the opposite direction to your first or existing
OPEN/PENDING wagers.
GO HIGH A wager that
the result will be higher than the higher end of
the price. Also called a BUY.
GO LOW A wager that
the result will be lower than the lower end of the
price. Also called a SELL.
INDEX BET A wager
in which performance is measured by awarding points
for reaching particular stages or filling particular
positions.
IN-RUNNING Wagering
on an event as it happens, with the prices being
updated constantly. Also known as LIVE BETTING.
LIVE BETTING Wagering
on an event as it happens, with the prices being
updated constantly. Also known as IN-RUNNING.
LOCKED AMOUNT This
is the amount frozen/tied up in your account when
placing any Spread Wager.
MAKE-UP The result
on which a wager is settled. The difference between
this figure and the price at which a wager is opened,
multiplied by the stake, gives the profit or loss.
Also (M/U).
MATCH BET A wager
on the relative performance of two participants
in an event against each other, regardless of how
well any other participant performs.
MAXIMUM MAKE-UP A
limit on the result, specified before the event.
If the final result exceeds the maximum make-up,
the latter is used to settle the bet. Also MINIMUM
MAKE-UP.
OPEN WAGER A wager
that has not yet been closed or settled. Also known
as a PENDING wager.
PARTIAL CLOSING Where
you place another bet, of a lesser size and in the
opposite direction to your open wagers.
PENDING WAGER A wager
that has not yet been closed or settled. Also known
as an OPEN wager.
POINT LIMIT The maximum
amount per point that a client can hold in OPEN
POSITIONS on a specific proposition.
RANGE MARKET A proposition
where the parameters are either determined by the
running time of the event (ie Time of 1st Goal)
or by a scoring system or MAXIMUM MAKE-UP specified
by VIP.
REVERSING A POSITION
Placing a wager both greater than and in the opposite
direction to your existing OPEN/PENDING wagers.
SELL A wager that
the result will be less than than the lower end
of the price. Also known as GO LOW.
SHIRT NUMBERS The
numbers worn on the shirts of scorers, of touchdowns
in football, of goals in hockey & soccer.
SPREAD The difference
between the prices for buying and selling.
STAKE The amount,
in $ per point, goal, stroke, run etc, nominated
by the client to indicate the size of the bet.
STOP LIMIT A limit
specified by VIP which determines the maximum amount
that a particular bet can win or lose.
SUPREMACY Also known
as WINNING MARGIN. A measure of how much better
one participant performs than the other.
TOTAL POINTS The
total number of points scored by all participants
in an event.
VALUE The amount
you would win or lose on an OPEN wager if you were
to CLOSE that wager.
VOLATILITY A measure
of how widely the result in a market is likely to
vary. Touchdown Scorers Shirt Nos are very volatile,
the winning score in the US Masters less so.
WINNING MARGIN Also
known as Supremacy. A measure of how much better
one participant performs than the other.
YOUR CHOICE A two-sided
contest where we believe both sides have the same
chance. You choose your favorite, but must give
your underdog a small start. Also CH. The equivalent
of "pick em" in conventional wagering.
Gambling Resources (Click
The Link Below)
QGambling
Guide - Introduction to Betting on
Sports & Online Casinos/Poker
Online casino games
have different games with varying
odds, online sportsbooks have different
types of bets with different odds.
Learn all you need to know about all
things Online Gambling right here
at Wager On Football.
