Welcome to Monsterbet's Betting Glossary

If you're new to betting then our betting guides will help you understand the terminology used by online bookmakers or fellow punters, or you're an accomplished punter looking to broaden your knowledge of betting lingo, Monsterbet is the place to be, as we have a comprehensive break-down of all the key terminology you'll need to bet online, via our Betting Glossary and also specific pages dedicated to individual sports and their most popular betting markets and terminology, such as Football Betting, Cricket Betting, Horse Racing Betting, Tennis Betting, and many more.

Monsterbet also provides you with the latest and biggest free bet offers from our top recommended bookmakers, so once you've studied all you need to know about betting with our betting guides and glossary, click on one of the free bets on offer throughout Monsterbet.

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Betting Glossary


Accumulator – A bet that consists of several selections, for example four football teams to all win their individual matches as one bet.

Active Bets – The term 'Active Bet' will appear in your betting account if a bet hasn't been settled, for example, when the event you've bet on is still to take place.

All Weather Racing – Racing on the turf can sometime be vulnerable to adverse weather conditions, therefore artificial surface tracks such as Lingfield and Kempton have been introduced to 'keep the show on the road'.

Ante-post Betting – Placing a bet on a selection weeks, months or even a year ahead of the event starting. It is important to note, when placing an ante-post bet on a horse race, should your selection 'not run' in the specified race, your bet will be classed as a losing bet, although you are more likely to get a bigger price ante-post than you would backing the same selection on race-day.

Any to come – An any-to-come bet is when the whole or part of your returns from one bet is automatically reinvested into another bet.

Arbitrage – The term 'Arbitrage' is given when a difference in odds allows a punter to back both sides to guarantee a win. For example, backing one selection to win at 1.72 and the opponent to also win at 2.92.



Back – To back a selection is to place a bet on that selection 'to win', for example backing Manchester United to beat Chelsea.

Banker – A selection that is the clear favourite to be successful

Bar – You many often hear the term “16-1 bar those” from TV or radio punters referring to the selections which they don't cover during a show of the betting (Traditionally the outsiders).

Betting Slip – A Betting slip is traditionally a slip of paper punter's write their bets on in a bookmakers shop. Betting Slips are also used with online bookmakers, once you click on your selection, the bet will be transferred to the betting slip, you will then have to indicate your stake before placing the bet.

Bookmaker – A Bookmaker is where punters go to place their bets, online, over the phone, or in-person. 888sport, Betfred and William Hill are all examples of bookmakers. 



Canadian – A type of bet that consists of 26 individual bets which is also known as a Super Yankee. Breaking down into 10 doubles, 10 trebles, 5 4-folds and 1 5-fold, built up of 5 selections from different events.

Commission – A commission is charged when using the Betting Exchanges, and is a percentage fee taken from your net winnings, for example 3% or 5% depending on the various Betting Exchanges. If your bet loses, you don't pay any commission.

Co-Favourites – A term used when three or more selections have the same price as each other, and have the lowest price in a particular event. For example, if the lowest price in a horse race is 3/1 and three horses share this price, they are considered to be the co-favourites.

Correct Score – Betting on an event such as Football or Tennis and trying to predict the correct score. For example, Real Madrid to win 2-1.



Decimal Odds – A selections odds can be displayed in different formats, decimal odds are commonly used with Betting Exchanges, for example 3.75 or 5.50.

Dead Heat – When term usually associated to either horse racing and greyhounds in which two or more participants' finish at virtually the same time.

Double – A bet that consists of two selections in separate events. Both selections must win for a return.

Double Chance – A market bookmakers often offer in Football, and punters are able to select two out of the three match outcomes for a single price, for example the home team to win or match to end in a draw.

Drifter – A term used to describe a selection whose odds are getting bigger, for example going from 9/4 to 3/1.



Each-Way – Each Way betting is commonly used in Horse Racing betting, although can be available in other sports. An Each Way bet consists of two separate sections, the first-half of the bet is for the selection to win, and the second-half of the bet is for the selection to be placed. For example, an each-way bet on a horse would bring about a return should the horse win or be placed in the race (Traditionally 1st, 2nd or 3rd, although this does vary from race-to-race).

Evens – Backing a section that has a 50/50 chance of winning is priced up as Evens, can also be displayed as Evs, 1/1 or 2.00.

Exposure – When placing a bet, your stake is known as your exposure, this is the amount that you're at risk of losing if your bet doesn't win.



Favourite – The shortest priced selection in any particular market is considered the favourite. 

Fold – A term used to indicate the number of selections used in an accumulator, for example a 5-fold (5 Selections) or a 6-fold (6 Selections).

Forecast – A forecast bet is when a punter attempts to predict the 1st and 2nd of an event. For example, which horse will finish first, and which horse will finish second in a race, in correct order.

Form – Whether you are backing a football team to win their match or horse to win it's race, it is vitally important to take into account previous results and performances, known as form.

Free Bet – A free bet is offered by bookmakers and betting exchanges for punters, and can be found throughout MonsterBet and also our Top Recommended Bookmakers for free bet offers is also available.


Goliath – A bet that consists of 247 individual bets, from 8 selections in separate events, breaking down into 28 doubles, 56 trebles, 70 4-folds, 56 5-folds, 28 6-folds, 8 7-folds and a single 8-fold.



Handicap Betting – Handicap betting opportunities are available in the majority of sports, for example in Football, when a match appears to be one sided prior to kick off, the handicap market will give the team judged to be the weaker an advantage, for example +2 or +3 goals.

Hedge – To hedge a bet is to place a bet on either side of an outcome, resulting in if one bet loses, the other bet wins, known as 'Hedging your bets' or 'playing it safe'.

Heinz – A bet that consists of 57 bets, from 6 selections in separate events, breaking down into 15 doubles, 20 trebles, 15 4-folds, 6 5-folds and a single 6-fold.



In-Play – Betting on an event that has already started, for example, betting on a football match that is in the 65th minute, also known as 'Betting In-Running'.



Joint-Favourites – When the favourite's odds (Shortest odds) are shared by two selections. Jolly – A term used as another way of referring to the favourite.



Lay - To Lay a selection is to bet on something not happening, for example a horse not to win its race, or a tennis player not to win his or her match. Laying is commonly and easily done on the betting exchanges, but some bookmakers tend to offer a few 'not to win' markets on occasions.

Long Odds - If a particular selection is unlikely to win, it will invariably have long odds, for example 100/1. Although unlikely, if you do catch a long odds winner, the rewards can be very high.

Lucky 15 – A bet that consists of 15 bets, from 4 selections in separate events, breaking down into 4 singles, 6 doubles, 4 trebles and 1 accumulator.



Market – Also known as a 'Betting Market' tends to be a betting opportunity available on a particular event, for example, Match Winner Market, First Goalscorer Market and Handicap Market.

Matched Bet – When betting with the Betting Exchanges, you are placing a bet against another punter. As an example, if you are wanting to place a £50 bet on Manchester United to win their match at 2.18, if the betting exchange matches your bet fully with a punter looking to Lay Manchester United for that amount and price, it would be classed as a Matched Bet. An Unmatched Bet would be a bet that the betting exchange hasn't been able to match with another punter.

Match Result & Both Teams To Score - This is a football betting market that was first made popular by William Hill for their punters back in 2012. It allows sports bettors to place bets on the outcome of a game, whilst also deciding whether or not both teams will score.

Money Line – The term 'Money Line' is another way of saying 'American odds'.

Monkey – A term traditionally used to describe the amount of £500 when betting.



Nap – Often a term used to describe a punter's, tipster's or pundit's selection that they fancy the strongest. For example, my Nap is for Manchester United to win their match against Chelsea.

No Deposit Free Bet – There is no better online free bet than a no deposit free bet. This means exactly as it reads, you don't need to put a deposit down to qualify for a free bet, you get your betting bonus straight away, no strings attached.

No Lose Free Bet – This is basically another way of saying 'free bet no deposit' as because you haven't sacrificed any of your own money to place a bet, there is nothing to lose.



Odds – The likelihood of something happening is transformed into odds offered by bookmakers, for example, if a team has a high probability of winning their match, they'll have low odds such as 1/3. Odds can be displayed in various way, the most common is the fractional format (1/3), or the decimal format (1.33).

Odds-against – A term used to describe when a selection's price is greater than evens, for example 5/4 or 11/8.

Odds-On – A term used to describe when a selection's price is shorter than evens, for example 10/11 or 4/6.

Over/Under Betting – Over and Under betting is one of the most popular markets available in sports betting. For example, betting if a football match will have over or under 2.5 goals scored in the game.



Patent – A bet that consists of 7 bets, made up of 3 selections in separate events, breaking down into 3 doubles, 1 treble and a single on each selection (3).

Placed – A term often used to describe a horse that has come within the place terms offered for that particular race, for example, 1st, 2nd or 3rd.

Place Terms – In Horse Racing, place terms are offered for each race depending on the type of race and the number of participants, for example, a handicap race that has ten-runners would traditionally have the place terms of 1st, 2nd, 3rd at ¼ of the odds. A race consisting of only four-runners will be a 'Win Only' race. Place terms also appear in other sports where each-way betting is available.

Price – The price of a selection is also known as the 'odds' of that selection, this indicates its probability of winning according to the market.

Punter – A punter is a term for some who places a bet.



Returns - What every punter wants to have. A return from a bet is the amount of money in total you receive from a successful bet.



Short Odds – The opposite to long odds. If a selection is deemed to have a high probability of winning, it will be offered to punters at short odds, for example 1/3 or 1/5.

Show Prices – A term used to describe the prices offered by bookmakers, traditionally from 15-minutes prior to a horse race.

Stake – Your stake is the amount of money you are placing on a bet. If you've had £50 on Manchester United winning their next match, your stake is £50.

Starting Price – Also known as the 'SP', the starting price is the odds given to a horse by the on-course bookmakers at the time a race begins, and will be used to settle any bets where no prior price had been taken.




Treble – A bet that consists of three selections, all three selections must win for a return.

Tricast - A bet placed traditionally in horse racing which requires the punter to predict the 1st, 2nd and 3rd in correct order.

Trixie – A bet that consists of 4 bets, made up of 3 selections in separate events, breaking down into 3 doubles, 1 treble and 3 singles.



Yankee - A bet that consists of 11 bets, from 4 selections in separate events, breaking down into 6 doubles, 4 trebles and 1 4-fold.