Help Guide From Online Casino Reports
Online Wagering
Types & Resources
Wager
Types
Below are the most common
terms used in Spread Betting or NFL bet (Index
Wagering) that we could find. Should you ever
need further explanation of a term we will be
happy to help. Always feel free to email
our experts.
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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