We
have put together a list of the most commonly used
Spread Betting Terminology With the sportsbook spread
betting terms explained. SportsbookLists.com shows
you the most common Sportsbook Spread Betting Glossary
below:
Spread Betting Terms
Sportsbook
Terms: A
Buy - A
wager that the result will be greater than the
higher end of the price. Also known as GO HIGH.
Closing A Bet
- Where you place a second wager, of the same
size and in the opposite direction to your first
or existing OPEN/PENDING wagers.
Go High
- A wager that the result will be higher than
the higher end of the price. Also called a BUY.
Go Low -
A wager that the result will be lower than the
lower end of the price. Also called a SELL.
Index Bet
- A wager in which performance is measured by
awarding points for reaching particular stages
or filling particular positions.
In-Running
- Wagering on an event as it happens, with the
prices being updated constantly. Also known as
LIVE BETTING.
Live Betting
- Wagering on an event as it happens, with the
prices being updated constantly. Also known as
IN-RUNNING.
Locked Amount
- This is the amount frozen/tied up in your account
when placing any Spread Wager.
Make-Up
- The result on which a wager is settled. The
difference between this figure and the price at
which a wager is opened, multiplied by the stake,
gives the profit or loss. Also (M/U).
Match Bet
- A wager on the relative performance of two participants
in an event against each other, regardless of
how well any other participant performs.
Maximum Make-Up
- A limit on the result, specified before the
event. If the final result exceeds the maximum
make-up, the latter is used to settle the bet.
Also MINIMUM MAKE-UP.
Open Wager
- A wager that has not yet been closed or settled.
Also known as a PENDING wager.
Partial Closing
- Where you place another bet, of a lesser size
and in the opposite direction to your open wagers.
Pending Wager
- A wager that has not yet been closed or settled.
Also known as an OPEN wager.
Point Limit
- The maximum amount per point that a client can
hold in OPEN POSITIONS on a specific proposition.
Range Market
- A proposition where the parameters are either
determined by the running time of the event (ie
Time of 1st Goal) or by a scoring system or MAXIMUM
MAKE-UP specified by VIP.
Reversing A Position
- Placing a wager both greater than and in the
opposite direction to your existing OPEN/PENDING
wagers.
Sell - A
wager that the result will be less than than the
lower end of the price. Also known as GO LOW.
Shirt Numbers
- The numbers worn on the shirts of scorers, of
touchdowns in football, of goals in hockey &
soccer.
Spread -
The difference between the prices for buying and
selling.
Stake -
The amount, in $ per point, goal, stroke, run
etc, nominated by the client to indicate the size
of the bet.
Stop Limit
- A limit specified by VIP which determines the
maximum amount that a particular bet can win or
lose.
Supremacy
- Also known as WINNING MARGIN. A measure of how
much better one participant performs than the
other.
Total Points
- The total number of points scored by all participants
in an event.
Value -
The amount you would win or lose on an OPEN wager
if you were to CLOSE that wager.
Volatility
- A measure of how widely the result in a market
is likely to vary. Touchdown Scorers Shirt Nos
are very volatile, the winning score in the US
Masters less so.
Winning Margin
- Also known as Supremacy. A measure of how much
better one participant performs than the other.
Your Choice
- A two-sided contest where we believe both sides
have the same chance. You choose your favorite,
but must give your underdog a small start. Also
CH. The equivalent of "pick em" in conventional
wagering.
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