Matched betting glossary

Our matched betting glossary offers definitions for some of the terms and abbreviations you are likely to encounter, particularly in the forum.

Acca (Accumulator) - An accumulator bet, also known as a multiple or a combination bet, is a bet that is placed on two or more selections. There are two types of accumulator bets. Straight-line accumulators require every selection on the bet to be settled as a winner in order for the bet to win. Permutation bets (Such as Trixie or Lucky 15), are a combination of bets, where rather than placing just one bet on all of your selections, a number of smaller bets are placed. It is very unlikely you will ever need to use a permutation bet whilst matched betting.

AP (Antepost) - This is a horse racing market that appears long before a race is due to start. Antepost markets usually disappear 1-2 days before the race. You should avoid betting on these markets, as if your horse is withdrawn before the race, your bet will be settled as a loss.

Arb (Arbitrage/Arbing) - A bet that makes a profit with no free bet involved. This usually occurs when the bookmaker back odds are higher than the exchange lay odds. These can often lead to getting your accounts shut down if you do too many.

BOG (Best Odds Guaranteed) - A promotion that is offered by various bookmakers, usually on Horse Racing and Greyhound Racing. If the odds that you place your bet at are lower then the SP (Starting Price), then your bet will be settled at the SP odds.

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Both Teams To Score (BTTS) - A betting market that involves betting on whether or not both teams will score a goal during any set match. For example, in the match Arsenal v Man City, if you bet on "Both Teams To Score - Yes", both teams would be required to score a goal at any point during the match in order for the bet to win. Alternatively, if you bet on "Both Teams To Score - No", you would require neither team or just one team to score a goal during the match in order for the bet to win.

Each Way - An bet that is offered by bookmakers consisting of two separate bets: a win bet and a place bet. For the win part of the bet to give a return, the selection must win, or finish first, in the event. For the place part of the bet to give a return, the selection must either win or finish in one of the predetermined places for the event, such as first place or second place.

Estimated Value (EV) - The mathematically calculated value for an offer.

Half-Time/Full-Time (HT/FT) - A betting market that involves betting on the result of each half of a football match. For example, in the match Arsenal vs Man City, you might bet on Arsenal / Arsenal, which would mean a bet that Arsenal would win the first half, and the full match. Or, you could bet on Man City / Draw, which would be a bet for Man City to win the first half, but for the game to end in a draw.

Match Odds - A betting market that involves betting on the winner of a football match (the most common type of bet). Another name for "Winner". This can sometimes be written as Home / Draw / Away or 1x2. For example, in an Arsenal vs Man City match, a bookie might display 1 x 2, where 1 represents Arsenal, and 2 represents Man City. Same applies to Home / Draw / Away based on the order its written.

Over / Under - A betting market that involves betting on the number of goals in a football match. For example, you might bet on "Over 2.5 goals", which would be betting that there would be 3 or more goals. Be careful not to get mixed up between Over and Under when placing your lay, and also avoid getting mixed up between "Over 2.0" and "Over 2.5", as they are different bets.

Palp (Palpable Error) - If a bookie displays odds that are obviously incorrect, they can claim it is a palpable error and void any bets placed at that price. (E.G, they offer odds of 10 for England to win when every other bookie is offering odds of 1.5. It's clearly a mistake).

Return To Player (RTP) - A term that casinos/bookmakers use to describe the percentage of all the wagered money that casino games and slots will pay back to players over time. For example, if you make one £100 worth of bets on a slot, which has a RTP of 95%, you might expect to get back about £95 in wins. RTP is generally calculated over the long term, as opposed to the short term.

Rule 4 Deduction - This occurs when another horse is withdrawn from a race. The odds of your bet may be lowered to reflect the reduced competition. Your back bet odds may be reduced, and your lay liability will also be reduced in proportion. This won't usually leave you in a losing position, as typically the lay liability is reduced more than the back odds.

Sharb (Sharbing) - The same as Arbitrage, but the back bet is placed using in a betting shop rather than online. This can be very lucrative, as your account can't be banned in the same way as online. See this article.

SNR - Stake Not Returned. This usually applies to free bets. It means the free bet stake is not included with the winnings. We use this setting in the calculator for any free bets that are SnR. It can also be used to lock-in a profit on bets where you only get a refund if your bet loses.

SP (Starting Price) - This generally applies to Horse Racing and Greyhound Racing. It is simply, the final odds at the start of a race.

SR - Stake Returned. This applies to normal bets, or certain bonus types. It means your initial stake is returned along with your bet winnings.

WR (Wagering Requirement / Rollover) - Some bonuses have wagering requirements attached. For example, a £10 casino bonus might have a 5x wagering requirement. This would mean you need to play through a total of £50 worth of bets before the bonus itself can be withdrawn. Note, this does not necessarily mean you need to deposit or risk £50 to do this, as you would use any winnings to continue the wagering.

If you have any suggested additions to the matched betting glossary, please let us know.