Betting School

In our Sports Betting school will help you gain the knowledge and insight to comfortably enjoy online sports betting, because you will understand how to get the most out of the different aspects of wagering, such as knowing: Where to bet? - How to bet? - The different types of bets - How to bet online? - How to bet from India? TheTopBookies presents to you an alphabetical list of definitions related to betting on cricket and any other sport in India and around the globe. We dedicate this page to those of you who love sports, gambling and high profits.

A B C D E F G U
A

Accumulator:

A type of bet whereby if the first bet wins, the winnings become the bet on the second bet; and so on (also known as a “Parlay”, “All Up” or “Multiples”). All the selections (at least two) made must win for the bettor to win the accumulator.

Example: One match might only provide odds of 1.20 (1/5) on the favorite to win which would not yield much winnings. However by creating an accumulator bet with the favorites from three matches, the bettor is able to increase his odds significantly. While a winning 10 bet would have earned 12 at odds of 1.20 (1/5) previously, it could be worth as much as 200 or more as an accumulator bet.

All Up:

A type of bet whereby if the first bet wins, the winnings become the bet on the second bet; and so on (also known as a “Parlay”, “Accumulator” or “Multiples”). All the selections (at least two) made must win for the bettor to win the all up bet.

All-In Betting:

A type of betting whereby no refunds are given for scratched or withdrawn competitors/teams in an event where a bet is placed. In the case of an event being cancelled then the bet amount will be refunded.

Asian Handicap:

Refers to spread betting in soccer. Asian handicap (also known as “Hang Cheng”) removes the possibility of a draw result which increases the chances of a bettor turning a profit significantly. There are only two outcomes with an Asian handicap, a “home” or “away” win with a possible “push” for money back on a draw depending on the handicap. The handicap is a virtual goal head start and can increase in increments of 1/4 e.g. 1/4 goal, 1/2 goal, 3/4 goal, 1 goal, 1¼ goal etc.

 

Example: When the underdog receives a ½ goal handicap, it means that you are betting for it to start with a pretend half goal. Say for instance Manchester United and Arsenal are playing (Arsenal has the handicap of ½) and you bet on Manchester United to win. Depending on the final score, the bet outcome is as such: 

Manchester United vs. Arsenal: 

0-0 = lose 

1-0 = win 

0-1 = lose 

2-1 = win 

3-2 = win

B

Bet the Limit:

To bet the maximum amount allowed by a bookmaker on a particular event/race.

Betting Markets:

Online bookmakers offer a large selection of betting markets on every single event, often giving their customers a choice of more than 100 betting options. These are the bet types that a bookmaker offer for a certain event: Asian Handicap, Over/Under, First to score, Total Goals, etc.

Betting Ring:

A syndicate of big money sports bettors who place large bets.

Betting Tax:

Tax on a bookmaker’s turnover. In the UK this is a “duty” charged by Customs and Excise at the rate of 6.75 pence on every pound wagered. Common methods of recouping this are to deduct the tax from winnings or allow the bettor to pay the tax with his stake. In the case of paying the tax with one’s stake, there will not be any tax deducted from winnings.

Bookmaker:

A person or company who accepts bets from the public, usually on racing or sports events (also known as a “Bookie” or “Sportsbook”).

C

Circle/Circled Game:

A game where the maximum bet is limited by the bookmaker because the game features key injuries, inclement weather, or unsubstantiated rumors regarding a team. These games cannot be included in parlays or teasers.

Close/Closing Line:

Known as the final line, the close/closing line refers to the betting line before a bookmaker sets the odds for an event.

Co-Favorites:

When three or more competitors share the status as favorite (have the lowest odds).

Credit Betting:

Using credit at a bookmaker to bet. Not possilbe with online bookmakers.

D

Daily Double:

A form of accumulator bet in which the bettor makes a combination bet on two horses in two races. If the bettor wins on the 1st race, his winnings become his stake on the 2nd race.

In other words, odds of the two evetns are multiplied.

Data Mining:

Searching through a large volume of statistics to find profitable situations to bet on in the future.

Dividend:

The payout or return of a bet. Example: you bet 500 INR on odds of 1.60, possible total winnings: 500x1.60= 800 INR

Divident = total winnings - stake = 800-500 = 300 INR

Your possilble divident (pure winnings) are 300 INR.

Dog Player:

A bettor who mainly wagers on the underdog.

Double Chance:

A bet that allows you to win the same amount of money if your team wins or if they tie, which means that only a loss of that team will result in a losing bet. Odds are usually low for such type of bets, as they cover 2 out of 3 possible outcomes of the game. This type of bets are possilble only on events that have at least 3 possible outcomes - win, lose, tie.

Double or Nothing:

An even-money bet such as odds of 2.00 (evens) whereby the bet will pay out exactly the amount wagered.

Double Betting:

The simplest of all accumulators (combos) as it consists of just 2 selections, both of which need to be guessed correctly in order to qualify for a return.

Example: A bettor stakes 500 INR on a double bet consisting of selections with odds of 1.50 and 1.40. If both selections win, he will earn 500 INR x 1.50 x 1.40 = 1050 INR. If either selection or both of them lose, the bet is a losing one.

Draw:

Where competitors in an event finish tied (also known as a “Jerk” or “Push”).

Draw No Bet:

A bet whereby bettors will get their stake back if the game ends up as a draw (tie). This is particularly popular with soccer match bets. Can be used on cricket betting for eliminating the possibility of a loss if game ends in a draw (tie).

Dutch/Dutching:

A betting method used to cover several contenders in an event, making sure each and every one of those bets guarantees the same profit, while eliminating major underdogs. This ensures the same profit regardless of which bet wins, obviously provided one of the backed competitors/teams does win the event. This kind of strategy is usually used in horse race betting but can also be applied to soccer or cricket outright bets where a bettor can cover several teams (to win tournament) and still win a nice profit.

E

Early Money:

Bets that are placed as soon as the betting lines (odds) are made available to the public.

Edge:

A person’s advantage when it comes to sports betting.

European Handicap:

Differing from Asian handicap, there are no void bets or stakes refunded with European handicap bets.

F

Fade:

A wager against a particular person.

Fat:

A person with plenty of money.

Firing:

Wagering large sums of money.

First Half Bet:

A bet placed only on the first half of a game. Popular for football betting.

Full cover:

All the doubles, trebles and accumulators involved in a given number of selections.

G

Get Down/Getting Down:

Making a bet.

Going Down:

Losing a wager (bet) or series of wagers (bets).

U

Underdog:

Underdog, also known as Dog is the Competitor/Team that is thought to have little chance of winning. The underdog has the higher odds.

Example: Cricket game, India vs Sri Lanka ; odds for India to win 1.30 ; Odds for Sri Lanka to win: 3.65

The Underdog is Sri Lanka ; Favorite is India

Where to bet?

With over 1000 sportsbooks on the internet, it can be difficult to decide who to bet with. Players often ask questions about sportsbooks such as "are they safe?", "will I be paid quickly?" and "are their odds okay?".
What we have found is that the biggest name sportsbooks have the most resources and therefore the best customer services and will pay you much quicker.

Thetopbookies has gathered the best online bookmakers for you to choose from.

Whether you’re betting for fun or trying to make money, the one simple step everyone should take is to make sure they have multiple betting accounts. Getting the best price can be the difference between winning and losing money, and with the generous free bets most bookmakers offer to new customers, there’s really no excuse not to have accounts with all of them.
One of the most common bonuses is called deposit bonus. A deposit bonus gives you a certain percentage back on your initial deposit to the betting websites. Example: A deposit bonus gives you 50% back on your deposit, up to a maximum received bonus amount of £25. In order to receive the maximum bonus in this case you have to deposit £50.
Risk free bets, on the other hand are being placed with your own funds and if your bet is a loss your stake will be returned to your account balance and you are given a new chance to place a bet.
Welcome Bonus: When you’re new to a place, you always want to feel welcome and special. Deposit bonuses or Risk free bets, they are both welcome bonuses to get you that special treatment you are looking for.
Our top list of betting websites offers you as new customer a welcome bonus upon your first deposit/bet – deposit bonus or free bet.

How to bet?

The simplest formula of success is:
Open New Accounts = Get Free Bets + Get Best Price = Maximizing Betting Profits

Thetopbookies has all the best online bookmakers for you to choose from.

Types of bets

Bookmakers offer a huge number of different types of bets every day. You can use the info below to learn a little more about the major, most used bet types:

  • Single Bets:

    You are just betting on one thing to happen. It could be a football match to end in a draw,or a horse to win a race of something else. Some single bets, mainly horse racing, can also be placed ‘each way’, meaning you bet on a certain horse and jockey to finish the race from 1st to 3rd place (odds of course are lower than the usual single bet).

  • Doubles, Trebles & Accumulators:

    A ‘double’ consists of 1 bet involving 2 selections in different events. Both must be successful to get a return. A ‘treble’ consists of 1 bet involving 3 selections in different events. All three must be successful to get a return. A ‘fourfold’ consists of 1 bet involving 4 selections in different events. All four must be successful to get a return. These continue into fivefolds, sixfolds, sevenfolds, etc – they are also commonly known as accumulators.

  • Multiples – mainly used by pros:

    Patent – A ‘patent’ consists of 7 bets involving 3 selections in different events. The bet includes 3 singles, 3 doubles and 1 treble. Just one successful selection guarantees a return. Yankee – A ‘yankee’ consists of 11 bets involving 4 selections in different events. The bet includes 6 doubles, 4 trebles, and a fourfold accumulator. A minimum of 2 of your selections must be successful to get a return.
    Lucky 15 – A ‘lucky 15’ consists of 15 bets involving 4 selections in different events. The bet includes 4 singles, 6 doubles, 4 trebles, and 1 fourfold. Bonuses are generally paid for just one winner or for four winners (hence the ‘lucky’).
    Heinz – A ‘heinz’ consists of 57 bets involving 6 selections in different events. The bet includes 15 doubles, 20 trebles, 15 fourfolds, 6 fivefolds and an accumulator. A minimum of 2 of your selections must be successful to get a return.
    Super Heinz – A ‘super heinz’ consists of 120 bets involving 7 selections in different events. The bet includes 21 doubles, 35 trebles, 35 fourfolds, 21 fivefolds, 7 sixfolds and an accumulator. A minimum of 2 of your selections must be successful to get a return.
    Goliath – A ‘goliath’ consists of 247 bets involving 8 selections in different events. The bet includes 28 doubles, 56 trebles, 70 fourfolds, 56 fivefolds, 28 sixfolds, 8 sevenfolds and an accumulator. A minimum of 2 of your selections must be successful to get a return.
How to bet online?

Every major bookmaker has an online betting service. When you choose to open an account, make sure you look for the best deal before you register. Usually when a new account is opened up you can take advantage of a very generous free bet. Always check the terms & conditions associated with free bet offers. You can also use cashback websites to earn a little extra back when you open an online account. When you register to open an account the process only takes a few minutes and is usually approved instantly.

The Advantages Of Online Betting are: Betting in-play - this feels like the biggest benefit of online betting: the ability to change your bet position in reaction to an event that happens in a race or sporting event. Instant, 24/7 access - you can always place the bet you want, as long as you have a suitable device and connection. Hedging your bet – In-Play betting on an online betting exchange means that you can put yourself in a position where profit is guaranteed if something in your favour happens during the event that you have bet on. Access to information - the odds are there in front of you, whatever match or event you are betting on.