What you thought you knew about Sport betting

The betting world consists of a litany of unique terms, that if not mindful, one might assume he is in a mathematics class solving algebra. If you are new to betting, these terms might be so confusing and discouraging. This is why BetPay has put together these educational betting guides to bolster your knowledge. 

We are pretty sure that you have heard some of these Sport Betting Terms but let us tell you what it means. 

Accumulator

A bet that involves several wagers of at least four selections, for the bet to the payout, it is important that all the selected games are successful. For example, selecting the scoreline of 5 Premier League matches. 

Bet

This is putting money on the successful prediction of the outcome of an event

Bonus

This is an incentive offered to customers or bettors by bookmakers.

Payout

This is a  return received on a winning bet.

Stake

The amount of money used to play a bet 

Ticket

Traditionally a bettor would receive a physical ticket for their wager, the term is still used in online bets. Sometimes known as a betting slip.

Wager

Placing a sum of money on the odds offered by a bookmaker for a particular event.

Ante-post

These are bets placed in advance of an event actually taking place. This is referred to as an ante-post bet and can be placed sometimes years in advance.

Square

Someone who is relatively new to betting 

Bookmaker

A bookmaker is an organization that provides odds on the outcome of events in order to accept bets based on predictions by customers.

Underdog

The underdog is the term used to reference the less favoured team in a competition according to the bookmaker 

Now that you have been educated, hurry now to place a bet on our website at www.betpay.ng