Casumo Id's Sports Betting Terminology

The terms used in sports betting websites such as Casumo Id are listed below. Because each country has its unique nomenclature, there are numerous synonyms for various terms. The emphasis in this section is on Australian terminology. Popular synonyms are provided in brackets.

  • Field – The roster of contestants in a competition. Non-listed outside contenders are also referred to as the field. For example, you may bet on a certain poker player to win a tournament, or you could bet on the field (meaning everybody who is not listed individually) to win.
  • Fold – The number of selections in a multiple bet. A 4-fold multi bet is based on the outcomes of four different events.
  • Form – A gauge of a participant's recent accomplishment. It is frequently described as a list of the participant's results just prior to the event.
  • Handicap (line) – A predefined number of points/goals/tries added to the underdog's total, often with the purpose of giving each side a close to a 50% chance of victory.
  • In Play (In the Run, Live) – Wagering on a game that has already begun.
  • Juice – The fee that a bookmaker charges for their services.
  • Lengthened (Drifted) – Indicates that the chances of a result have grown. The updated odds indicate that the outcome is now regarded as less likely to occur.
  • Limit – The maximum permissible wager on a selection at the available odds that the bookmaker will accept.
  • Line (Handicap) – A predefined number of points/goals/tries added to the underdog's total, often with the purpose of giving each team a close to a 50% chance of victory.
  • Long Odds – Refers to high odds on an outcome, i.e., an extremely unlikely event.
  • Long-Shot – An outcome thought to be unlikely to occur.
  • Hedging – Hedging entails placing an opposing bet to your first gamble in response to a favorable shift in the odds. This frequently allows the punter to lock in a profit regardless of the outcome. For example, suppose a punter backs team A at 2.20 odds, only to discover that team B's odds had increased to 2.10. The punter could hedge his or her bets by also supporting team B. Hedging usually leads in a lesser potential reward but also reduces the possibility of loss.
  • Margin – The margin by which one team/competitor defeats another. In rugby, a typical margin is 7 points. In soccer, a typical margin is two goals. In the context of bookmaker margins, for ‘margin'.
  • Moral – (slang) An unquestionable conviction.
  • Odds On Favourite – The team/competitor with the shortest odds and, as a result, is regarded the most likely to win out of all possible participants.
  • PUNTER (BETTOR) – Someone who places a bet on the outcome of an event.
  • Push – Another name for a tie or a draw.
  • Round Robin (Boxed Multiple) – A multi bet that combines one or more single bets and/or parlays so that not all selections must be accurate to provide a return.
  • Tips – Predictions and recommended betting picks made (ideally) by an adept punter or sport specialist
  • Tipster – Someone who provides betting tips and predictions
  • Total – A wager on the total number of points earned by one or all participants in a sporting event.
  • Shortened – Indicates that the odds on an outcome have been reduced. The revised chances indicate that the outcome is now regarded more plausible.
  • Scalper – A person who tries to profit from discrepancies in odds between bookmakers by betting on both sides of the same event at different prices.
  • One Handicap – Check the Asian Handicap section for more information.
  • Split Handicap – Visit the Asian Handicap section for more information.
  • Stake (Betting, Wagering, Punting) – A stake on the result of an event
  • System – A formal betting system that is typically based on the computed odds of each probable event.
  • Vigorish – The fee that a bookmaker charges for their services.
  • The Cut – The fee that a bookmaker charges for their services.
  • The Take – The fee that a bookmaker charges for their services.
  • Wager (Bet, Stake, Or Punt) – A bet on the outcome of an event.

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