Betting Glossary

A-Z Sports Glossary and Terms

Discover the comprehensive betting glossary encompassing the frequently used terms and phrases within the realm of the sports gambling industry. Make sure spelling is correct for better results.

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There are currently 3 Terms in this directory beginning with the letter I.

Sports Betting Glossary

From A to Z

I
If bet
A bet that consists of two or more wagers where a bet is made, and in the event of that bet winning, the winnings and/or stake from that bet are placed on another bet. So, if the first bet wins, a second bet is made automatically.
Implied Probability
The theoretical likelihood of an outcome based on the odds offered by a sportsbook on that event. If the sportsbook offers odds of +100, the implied probability is 50%.
In-play betting
Also known as live betting, in-play betting consists of bets that are made on an event after the event has started.

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