Introduction
Welcome to the continuation of the discussion about the terms you are up to find in the betting world. In the first part of this lesson, we presented some of the terms used in the gambling world. As aforementioned, you need to learn all of them if you want to avoid making costly mistakes when betting.
On the second part of this list we will go even deeper on the nuances involved:
This is a derivative strategy in which participants don’t actually own what they bet on. Spread bettors speculate on whether the asset’s price will rise or fall, using the prices offered to them by a broker.- Edit my acca:
Allows you to remove selections from an accumulator after you’ve placed your bet and after your selected events have started.Your revised bet will have your amended selections and a new potential return amount. - Bet cancelation:
This is something that the bookmakers will do if you are betting on unusually high odds. They will either cancel your bet altogether or decrease the value of the odds and keep your move. In both situations, you’ll lose money. It may be the bookmaker’s fault to offer wrong odds. However, it is you the one who is betting, therefore, it is you that has to check twice before doing it. To avoid such mishaps, you can always choose our Skype Betting service, where there is no chance of any bet to get void. - Double:
A bet consisting of two different selections. Both of them must be correct for the total bet to be successful. - Banker:
A bet that assumingly concentrates the greatest chances of winning. However, you should always keep in mind that there is no such thing as a sure result. - Cash Back Bonus:
Any kind of promotion where you receive your money back. Usually, this occurs as part of a risk-free bet, where either all or part of your stake, will be returned if the bet is lost. - Long-Shot:
A term used to refer to a pick that’s extremely unlikely to succeed. 
This is a variation of a cumulative bet. At least two bets can be linked together with the implementation of an “if” condition. If the result of the first bet is successful based on the conditions set by the “if” clause, then proceed to the result of the second bet and so on.- Round Robin:
This is where you combine a series of accumulator bets. Generally, it consists of several smaller accas instead of a single big one. A nice mix of parlay and system betting. - Goliath:
A bet consisting of 247 bets involving eight selections in separate events. The stake includes:- 28 doubles
- 56 trebles
- 70 4-folds
- 56 5-folds
- 28 6-folds
- 8 7-folds
- and an accumulator.
A minimum of two of your selections must be successful for a return.
- Permutations:
A system bet which requires you to place a series of wagers in a specific order and in such combinations that can cover the markets strategically. Goliath is a good example of this kind of action. - Lucky 15:
A bet consisting of 15 bets involving four selections in separate events. The bet includes 4 singles, 6 doubles, 4 trebles, and a 4-fold. - Lucky 31:
A bet consisting of 31 bets involving five selections in separate events. The bet includes 5 singles, 10 doubles, 10 trebles, 5 4-folds, and a 5-fold. - Lucky 63:
A bet consisting of 63 bets involving six selections in separate events. The bet includes 6 singles, 15 doubles, 20 trebles, 15 4-folds, 6 5-folds, and a 6-fold. - Hedging:
Placing multiple bets to minimize your risk of losing. 
This is a tool provided by a bookmaker that allows you to build your own bets using a wide variety of market combinations. Now quite common among the top operators.- Bismarck:
Quite a lesser-known phrase, this refers to a case where the bookmaker expects that the favorite is actually going to lose. You’ll often see high limits and generous promotions to encourage punters to the direction of the favorite. - Nap:
The selection that a tipster nominates as their strongest bet of the day. Do note that this may not necessarily be the best advice. - Pool:
A form of gambling where you pay a fixed amount into a pool. When the event is completed, the money is divided equally between those who made the correct prediction. There are no odds involved, so it is a unique way of betting. - Spread Betting:
A type of unit-based over/under stake that’s popular in America. Do keep in mind that it has the potential for greater wins or losses than typical betting. - Treble:
A bet consisting of 3 selections. All must win to enjoy success. - Trixie:
A bet consisting of four bets involving three selections in separate events. The stake includes three doubles and one treble.
The more betting familiar you are with the terms, the smarter are the bets you place. The betting world is deep and varied and you need as many tools at your disposal and as much information as possible, to maximize your profits. All of those are provide to you if you open an account via the best agent for Asian and European bookmakers.