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.

Reset a b c d e f g h i j k l m n o p q r s t u v w x y z

Results for the letter "l":

LayOff

Bookmakers reduce their exposure and minimize risk on a wager or series of wagers by placing bets with other bookmakers.  This is known as a "layoff wager."  It also helps both parties balance their action so neither of them loses too much money on any one game. 

LBO (UK)

A licensed betting office

Live Betting

A type of betting. Placing a wager on a game or event while it’s taking place. This is also known as In-Play wagering.

Long Odds

An unlikely/likely chance of winning if you bet on a horse in a race or on the result of a competition.

Latest predictions

Recommended bookmakers

Bet Hard review
Best New Bookmaker

Best New Bookmaker

Our rating

8.3

User rating

9.0

Players from Canada

Bet Hard

  • Good betting margins on top sporting events
  • Highly reputable customer support team
  • Withdrawal limit of up to €50,000
  • Over 150 different betting markets
  • Around 25 sports available to bet on
  • A large collection of countries restricted from registering

Welcome Bonus up to €50

Skybet review
Trusted more then 20 years

Well-trusted Bookmaker

Our rating

7.1

User rating

0

Players from Canada

Skybet

  • Sky Bet Club rewards
  • Reputable brand
  • Over 20,000 live streamed football, horse racing and tennis events
  • Group bets with friends
  • Free Bets without expiry date
  • Very few supported payment methods

Welcome Bonus up to €40

BetWinner review
Best Bitcoin Bookmaker

Best Bitcoin Bookmaker

Our rating

8.5

User rating

8.5

Players from Canada

BetWinner

  • Over 30,000 pre-match events per month
  • Swift withdrawal process
  • 24/7 customer support through numerous methods
  • Site translated into huge number of languages
  • Daily progressive jackpot
  • Potential to impose limits on your account swiftly

Welcome 1st Deposit Bonus up to €100

Free bets and offers