Sports Betting – Basic Terms and Guides

Sports betting refers to when bettors place money on the outcomes of sports events. Since no one can constantly guess the results of matches, there is always thrill and excitement while waiting until the event ends.

Cricket is the top choice, especially when it comes to the matches of the Indian Premier League (IPL). Tennis, basketball, football, badminton, and volleyball are also in demand among modern bettors.

However, you will not be able to succeed without knowing the key betting terms. This is why we have created this review at cricket-betting.com.in.

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Major Terms Used in Sports Betting

Since online bookmakers continue to rise in popularity, a lot of new bettors have decided to join their sites and mobile apps. To start betting, a user has to fully understand the major terms applied to such services to prevent any miscommunication. We have compiled the most necessary of them into a detailed table.

Term	Definition
Bookmaker/Sportsbook	A site or app that offers different betting services for sports bettors
Betslip	A window/area that shows the chosen betting markets and possible payouts
Odds	Numbers that show how much a user can win
Live Betting	Betting on a match that is already happening, in real time
Pre-match betting	Making bets on matches that have not started yet
Stake	The money a player puts on a bet
Accumulator (also express, parlay, or combined bet)	A bet with two or more betting markets in one betslip
System	A bet with three or more betting markets in one betslip. Depending on the type of system bet, you can guess one or several outcomes wrong and still get the payout
Early Cash Out	When you get part of the potential winnings or just your bet size back before the bet is settled
Handicap	When a bet gives one team/athlete an imaginary advantage or disadvantage
Over/Under	Betting on whether a score will be above or below the specific number
Payout	The funds you get if the bet wins
House	The bookmaker or betting site that offers the odds and accepts bets
Challenge Bet	A type of bet where the bettor tries to grow winnings through consecutive bets, often from a small starting bet size
Double Bet	A bet when there are two outcomes in one betslip
High Roller	A player who places huge bets and often has access to exclusive bonuses or payment limits
Betting Market	The specific outcome available for betting on, such as match winner, top batsman, or over/under
Martingale	A betting strategy where the bet is doubled after each loss to recover previous losses with one win
Single	A standalone bet on one event or outcome
Underdog	The team or sportsman considered less likely to win, usually with high odds

How to Select a Reliable Sports Betting Site?

When you know all the standard betting terms, remember that safety should also be the priority. Look for sites that operate legally, use SSL encryption, and offer responsible betting tools. A great welcome bonus is another essential perk to consider. So, when picking a reliable sportsbook to put your knowledge into practice, consider such basic criteria:

Up-to-date license

A company must own a local/international license issued by the trustworthy regulators of Malta, the UK, and Curacao;
Read the real user reviews

Satisfied users can prove that the site is safe and reliable to use for sports betting. Avoid scam feedback;
Secure payment tools

Look for the support of SSL encryption measures and a variety of diverse methods to get quick deposits/withdrawals;
24/7 customer support services

Reliable sites offer 24/7 live chats, emails, and phone numbers to let users and support specialists communicate anytime;
Multiple betting services

Choose the sportsbooks with many events and sports markets on the list;
Look for the promotions

Cashback, free bets, and weekly tournaments can significantly boost the interest of new bettors.

FAQ

What Are The Most Popular Bet Types?

Bettors usually choose single or accumulator bets. What is more, many users prefer to bet live.

What to Do If I Have Found a Term I Don’t Know?

Many bookmakers offer specific guides in the footer. You can also ask for help via support channels.

Our Other Beginner’s Guides

Cricket is one of the most loved sports at the moment and betting on it has become an integral part of entertainment for millions. Read our other guides and place your bets.

Asian Handicaps Explained

Asian Handicap is a popular sports market that serves as an alternative to the traditional 1×2.

Guide

Challenge Betting

Challenge betting is an excellent thing for those who search for a way to widen their sports predictions.

Overview

Bet on Cricket

Cricket is in high demand in terms of betting, and thousands of bettors place bets on matches held within the IPL, T20 World Cup, and tens of other tournaments every day.

Guide

Betting Odds

Betting odds are important for millions of players who bet on cricket every day.

Review

Martingale System

The Martingale system is a sought-after strategy to make cricket bets.

Review

Single Bets

A single bet is one of the most popular and easiest ways to bet on cricket.

Guide

Double Bets

A double bet on cricket (also, express, parlay, or combined bet) consists of two outcomes in one betslip.

Guide

Online Bookmakers

Online bookmakers accept bets on a variety of cricket events and offer tens and hundreds of sports markets.

Review

Accumulator Bets

A lot of players prefer accumulator bets as they mean several outcomes in one betslip.

Guide

Top 3 Betting Exchanges

Betting exchanges are often part of bookmakers’ sites, where you can create your own sports markets and compete with other bettors.

Guide

Signing up for a reputable online sportsbook unlocks thousands of live and pre-match betting markets, lucrative bonuses, and lightning-fast cash-outs.

Guide