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Parimutuel betting or pool betting is a betting system in which all bets of a particular type are placed together in a pool; taxes and the "house-take" or "vigorish" are deducted, and payoff odds are calculated by sharing the pool among all winning bets. In some countries it is known as the tote after the totalisator, which calculates and displays bets already made.
Roulette is a casino game which was likely developed from the Italian game Biribi. In the game, a player may choose to place a bet on a single number, various groupings of numbers, the color red or black, whether the number is odd or even, or if the number is high or low.
Baccarat or baccara is a card game played at casinos. It is a comparing card game played between two hands, the "player" and the "banker". Each baccarat coup has three possible outcomes: "player", "banker", and "tie".
Spread betting is any of various types of wagering on the outcome of an event where the pay-off is based on the accuracy of the wager, rather than a simple "win or lose" outcome, such as fixed-odds betting or parimutuel betting.
Fixed-odds betting is a form of gambling where individuals place bets on the outcome of an event, such as sports matches or horse races, at predetermined odds. In fixed-odds betting, the odds are fixed and determined at the time of placing the bet. These odds reflect the likelihood of a particular outcome occurring. If the bettor's prediction is correct, they receive a payout based on the fixed odds. This means that the potential winnings are known at the time of placing the bet, regardless of any changes in the odds leading up to the event.
In the game of poker, the play largely centers on the act of betting, and as such, a protocol has been developed to speed up play, lessen confusion, and increase security while playing. Different games are played using different types of bets, and small variations in etiquette exist between cardrooms, but for the most part the following rules and protocol are observed by the majority of poker players.
In probability theory, odds provide a measure of the likelihood of a particular outcome. When specific events are equally likely, odds are calculated as the ratio of the number of events that produce that outcome to the number that do not. Odds are commonly used in gambling and statistics.
A betting exchange is a marketplace for customers to bet on the outcome of discrete events. Betting exchanges offer the same opportunities to bet as a bookmaker with a few differences. Gamblers can buy and sell the outcome, and they can trade in real-time throughout the event, either to cut their losses or lock in profit. Bookmaker operators generate revenue by offering less efficient odds. Betting exchanges normally generate revenue by charging a small commission on winning bets.
In a thought experiment proposed by the Italian probabilist Bruno de Finetti in order to justify Bayesian probability, an array of wagers is coherent if it does not result in a Dutch book.
Vigorish is the fee charged by a bookmaker for accepting a gambler's wager. In American English, it can also refer to the interest owed a loanshark in consideration for credit. The term came to English usage via Yiddish slang which was itself a loanword from Russian.
Sports betting is the activity of predicting sports results and placing a wager on the outcome.
The Australian and New Zealand punting glossary explains some of the terms, jargon and slang which are commonly used and heard on Australian and New Zealand racecourses, in TABs, on radio, and in the horse racing media. Some terms are peculiar to Australia, such as references to bookmakers, but most are used in both countries.
Tonk, or tunk, is a matching card game, which combines features of knock rummy and conquian. Tonk is a relatively fast-paced game that can be played by 2-4 players. It can be played for just points or for money wagered.
Asian handicap betting is a form of betting on football in which teams are handicapped according to their form so that a stronger team must win by more goals for a bet on them to win. The system originated in Indonesia and gained popularity in the early 21st century. It is a form of spread betting. Handicaps typically range from one-quarter goal to several goals, in increments of half- or even quarter-goals.
An each-way bet is a wager offered by bookmakers consisting of two separate bets: a win bet and a place bet. For the win part of the bet to give a return, the selection must win, or finish first, in the event. For the place part of the bet to give a return, the selection must either win or finish in one of the predetermined places for the event, such as first place or second place. The odds paid on the place part of the bet are usually a fraction of the win odds. The trade-off being that one has a greater chance of making one's bet in trade for getting less payoff for doing so. Examples are domestic football knockout competitions where the quoted place terms may be 1⁄2.
A full cover bet is any bet which consists of all available multiple bets over a given number of selections.
The Tote is a British gambling company founded in 1928. It is one of the world’s largest pool betting operators. Its product offering also includes sports betting and online casino. Business operations are led from its headquarters in Wigan.
In gambling parlance, making a book is the practice of laying bets on the various possible outcomes of a single event. The phrase originates from the practice of recording such wagers in a hard-bound ledger and gives the English language the term bookmaker for the person laying the bets and thus 'making the book'.
Oscar's Grind is a betting strategy used by gamblers on wagers where the outcome is evenly distributed between two results of equal value. It is an archetypal positive progression strategy. It is also called Hoyle's Press. In German and French, it is often referred to as the Pluscoup Progression. It was first documented by Allan Wilson in his 1965 book, The Casino Gambler's Guide. This progression is based on calculating the size of bets so that in the event of a losing streak, if and when a same-length winning streak occurs, a profit is obtained. The main concept is that there are periods of many wins and periods of many losses. Losses and wins often come in streaks. Ideally, bets are kept low on losing streaks and increased on winning streaks, which hopefully will follow.
Jeopardy! is an American quiz game show in which contestants use certain strategies and skills to increase their chances of winning each game, win the most games, and ensure large winnings.
References
- 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Britodds - betting glossary
- ↑ Footballdailytip - Trixie Calculator
- ↑ Yankee Bet Explained: Hityah.com
- ↑ MyBettingSites - What Is A Lucky 63?
- ↑ Broom, Harrison (18 August 2023). "Round Robin Betting Guide 2024 – What is Round Robin Betting?". The Sports Daily. Retrieved 3 January 2024.