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GLOSSARY PAGE 1
Terms of the punters
Odds: Concept of odds: The odds makes it possible to calculate the profit associated with a bet. One distinguishes several types of odds.
Various types of Odds:
European Odds: it acts of a odds in the form of whole or decimal number (ex: 1.5 or 3). The profit associated with a European odds is calculated like the formula: Profit = Put X (odds-1)
English or fractional odds: it acts of a odds in the form of fraction (ex: 1/2 or 2/1). The profit associated with an English odds is calculated according to the formula: Profit=Mise X oddss
American odds: In the USA, the bets are always considered under the angle of "100 USD". Either you can put 100 USD on a team to gain a certain amount, or you can put a certain amount to gain 100 USD. The American presentation shows only the profit Net. You must add the amount of your setting to obtain the amount which will be versed for you.
Fixed odds: With the fixed odds, the possible profit is defined with the placement of a bet, contrary to the bet on a starting odds in which the odds are defined once that the bet was placed.
Types of sporting bets:
Paris of last minute: Those are the bets carried out at the time of cloture of the match.
Traditional handicap: This type of bets makes it possible to adjust the teams unbalanced by adding 1 goal for example to the least strong team
Asian handicap: Idem with the traditional handiap but with specific rules. Simple bet: Bet more running. One forecasts the result of a simple event. the following formula of computation of the profits is: Profit=Mise X (odds - 1) In the event of loss of the bet, the bookmaker keeps the setting.
Long-term bet: bet on a long-term event.
Bet on line (or livebet): bet on an event in progress. The odds vary according to the evolution of the score.
Special bet (special Study Bureau): bet which is not dependent on the result of a sporting event but on a dependent event. example: Who will be the next president of the PSG?
Simple bet: a bet on only one event with only one forecast. In the event of good forecast, the setting is restored in more than one profit determined by the following formula: Profit=Mise X (odds - 1) In the event of loss of the bet, the bookmaker keeps the setting.
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