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 "v":

Value Bet

A value bet is a bet where the probability of a given outcome is greater than the bookmakers odds reflect. Simply put, when value betting you will be placing bets that have a larger chance of winning than implied by the bookmakers odds. This means you will have an edge over the bookmaker in the long run.

Void Bet

A void bet can occur for a range of reasons, but whatever the case, when a bet is void your stake will be returned, so you won’t win any money, but none will be lost.