Betting Glossary

Decimal odds are one of the “big three” odds systems that people use. It uses a decimal system that shows the return from a $1 bet. For example, if a game has decimal odds of 3.5, a $1 bet would yield a $3.50 return: the $1 original bet, and $2.50 in profit.

A betting line with a 10% vig.

A common abbreviation for the underdog.

A player who commonly backs the underdogs.

A single parlay/accumulator bet with two selections.

Another term for an “If bet.” This bet will automatically take the winnings and/or stake of a previous winning bet and place it on another betting option

A betting amount that is twice that of a bettor’s normal wager.

A betting option that combines a single game's half-time score and the full-time score.

Two games that are played consecutively on the same day.

Another term for a tie. If two teams or athletes finish on the same number of points at the end of a game, the contest is considered a draw. Some sports allow you to bet on the draw, such as soccer, where draws are common.