If you have not read the part one of this post please read here part 1 and part 2. Now lets start with today’s tutorial. Which is the term used in football trading.
FOOTBALL BETTING TERMS YOU SHOULD KNOW
Punter – a punter is a term used to describe someone who invests in football betting in order to make a profit.
Stake – Your stake is the amount of money that you are using per time to place a particular bet. For instance, lets’ say Chelsea vs Everton. You decide that Chelsea will win and you put in N2000 for that bet. The N2000 is the amount you are staking which is also known as your stake.
Wager – A wager is a term used to describe when you make a bet on any given outcome.
Bankroll – the bankroll is the total amount of money that you have in your betting account per time. It is from this amount that you can now decide the percentage that you want to stake.
Sportsbook – a sportsbook is a company or website where you can go and place bets for your favorite sports.
Bookmaker/Bookie – a bookmaker or bookie is the company operating the sportsbook and who accepts wagers on sporting events
Home team – this is the team that is at home during a match. The name of the home team is usually the one that is mentioned. E.g Arsenal vs Tottenham means that Arsenal is the home team while Tottenham is the away team.
Away team – This is the team that is away during a match. The name of the away team usually appears after mentioning the home team.
Odds – This is the number that is used to multiply your stake (the amount you are using to place a bet) to determine what your profits will be. e.g if the odds of a match that Arsenal will win is 1.25 and your stake is N1000, that means if arsenal eventually wins, you would have made a gross profit of N1250.
Live match/In play – this refers to a match that is live and is available for you to bet on it while it is been played.
Those are the basic terms you would need. Thanks for reading; tomorrow l will continue with the introductions to different football Bet markets.
Enjoy!
Taiwo
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To your success
Taiwo Ibiyemi
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