Betting Sites and Terminology Explained

Betting Sites and Terminology Explained

We all love a flutter from time to time, don’t we? If the answer is yes, you’ll know that betting sites are now worth some serious money, which is why there are so many of them. Gambling is one of the oldest pastimes in existence, and if you’re passionate about your betting, you’ll probably be familiar with some of the slang and terminology associated with betting.

For those of you that aren’t however, knowing the difference between a Goliath and a Canadian can be a lot trickier. Betting sites cover a wide variety of sports, though we must agree that horse racing is generally considered to be the most popular. That’s why for today’s article, we’re covering the terminology used on betting sites and in the betting world, that is associated with horse racing. So, in no particular order, we have…

Accumulator

Accumulator, or Acca, as it is sometimes abbreviated to, is probably a term that you will be familiar with, even if you’re not much of a gambler. Just to ensure that there is no confusion however, we’ll quickly sum up with an accumulator actually is. An accumulator is best described as being a selection of different bets all with different odds and on multiple unique outcomes, which must ALL be successful in order for the person holding the accumulator to win. Accumulators are not just popular in horse racing, they are popular in the world of sports betting in general, especially football here in the UK.

Banker

Banker is a term used to describe a selection which happens to be very strongly fancied, due largely to the fact that it is often the safest bet of an accumulator.

Cash out

Cashing out has become a very popular feature on online betting sites as of late. Basically, the cash out feature is a feature which allows people to settle their bets and claim some winnings before a bet has finished. Basically, it enables punters to secure some form of profit. In a football match for example, if the team they had backed to win were winning, but there was still a number of minutes left of the game, the punter could cash out early and secure a profit. Alternatively, they could wait until the end of the match and hope that the team they had backed would still win in order for them to secure more money. If they don’t cash out and their team doesn’t win however, they wouldn’t earn a single penny.

Canadian

Canadian is a term used to describe 26 unique bets, all involving 5 selections in a number of different events. A Canadian bet includes 10 trebles, 10 doubles, an accumulator, and 5 four-fold bets. In order for punters to be guaranteed a return, at least two of these must be successful.

Goliath

Goliath, as the name suggests, is an enormous series of bets. It consists of 247 bets which involve 8 selections. This bet will include: 70 four-folds, 28 doubles, 56 trebles, 28 six-folds, 56 five-folds, 8 seven-folds, as well as an accumulator. To guarantee themselves a return, punters must have at least 2 successful selections. To go with a goliath bet you must be serious about your betting.