Betting Dictionary

You may notice that there are many important terms and phrases relating to the football betting world. Of course, these aren’t words that you will have come across without having participated in sports betting before. To add to this, there are multiple different bets that you can place, and these all have a different meaning, as well as a different requirement for winning them. Reading through this page will allow you to learn about some of the most common phrases you’ll come across.

So, to find out what backing and laying mean, what cashback and moneyback mean or what arbitrage and equivalent are explained as, this is the right place to be.

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Results for the letter "i":

Implied probability

A process of odds conversion. Implied probability is a conversion of betting odds into a percentage. It is the probability behind the odds.

In-play betting

In-Play is betting that takes place after an event has started and up to its conclusion. Obvious examples are a football or cricket match or a horse race. Other bookmakers sometimes call it live betting whereas on Betfair it has also been known as in-running betting in the past. The odds will automatically adjust to reflect the current game state including scoring changes, injuries, and time remaining.