We have put together a list of the most commonly used Spread Betting Terminology With the sportsbook spread betting terms explained. SportsbookBuzz.com shows you the most common Sportsbook Spread Betting Glossary below:
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.