If you are unfamiliar with the terminology used in betting, you might be dissuaded from placing a bet as it seems complicated to the uninitiated. So, to help you enjoy placing a bet now and again, here are some simple explanations for the basic betting terms.

Bet:
A bet simply means to wager money on a particular outcome.

Accumulator (parlay):
This is several bets placed in different events and relies on every bet winning to make a return.

Bookmaker (turf accountant): 
An organisation or individual who is licensed to take bets in exchange for providing given odds.

Underdog: 
The expected loser.

Dog Player: 
One who bets on the underdog.

Form: 
This is indicative of past performance.

Price (or odds):
This is the prospective return offered at the time of placing a bet.

Favourite (chalk):
Selection most likely to win. 

Outsider: 
The opposite of a favourite.

Single:
Easy to follow single bet relying on one outcome to win.

Double:
Dual selection bet where both selections are required for a win and a payout.

Ante Post:
This is when a bet can be placed well ahead of time; sometimes months down the line.  The term ante post originally comes from horse racing but is used to describe any long-term bets made, for example, an April bet for a White Christmas would be considered an ante post bet.

There are, of course, many more betting terms but these will help you get started and with practice the betting jargon will become familiar to you.

Online casinos are without doubt the first port of call for players seeking the excitement and experience of visiting a conventional casino, but in the comfort of their home and at a time that suits their circumstances.  A wide variety of games are available to suit the novice and the more experienced player such as blackjack, roulette, poker and slot machines.

Almost all online casinos provide the newcomer with opportunities to try out tactics and different strategies at no risk by offering free bets when a new account is opened.  Introductory free bets can also entice more experienced players to join a new casino. 

To play in online casinos players will be required to open a playing account; although these differ from site to site the systems are basically the same.  Players decide how much they are prepared to risk and then set this amount as their limit.  The player needs to deposit an amount as a playing fund and continues to maintain this fund through winnings or further cash deposits in order to continue playing.

Guides to game play are available on most of the online betting sites; some independent sites provide forums recommending online casino sites.  These sites also give tutorials, game playing and strategic tips along with articles giving other forms of advice. 

Online betting has now developed into a major industry in many countries.  In particular in the UK betting in online casinos is a very popular means for thrill-seeking people to achieve sizeable cash returns, combined with entertainment and connection with an online community.

Knowing how betting odds work and understanding the terminology are key to gambing as they play a major factor between winning and losing.  However, in order to know what the best odds are, it is important to compare odds placed online by bookmakers.

Odds: This is figured out by the bookmaker and represents how likely it is that a particular event will occur.  The odds are not fixed, however, and as bets are made, they can change.  For instance, if a bookmaker notices that one football team is getting more bets than another is they might make the odds for the opposing team better so that more punters are enticed to bet on that team.

Stake: This refers to the amount of money bet by a punter.

Odds against: These odds are usually used for weaker teams because, obviously, the odds are against them.  It means that the returns are going to be more than twice the stake.  For instance, if the odds are 2/1 then players can win £2 for every £1 they bet.  Therefore, if a player bet £1 on the outcome of a match, their total winnings would be £3. 

Odds on: As opposed to odds against, odds on is used where the chance of winning is less than double.  For example, with a 0.5 odds, if a £1 bet was placed, then the winnings would be £1.50.

Evens: With evens, if £1 is bet then £1 is won making the overall winnings £2.

Short odds: This means that the chance of an event happening is likely.

Greyhound racing is a very popular sport within the UK but it also has a following in American, Australia, and New Zealand.  The main principle surrounding greyhound racing is that the dogs chase a mechanical hare as it moves around an oval track.  It was actually created by an American, Owen Patrick, in the early 1900s and was then introduced to the UK during the 1920s.

Today, the race involves six dogs who line up in stalls known as ‘traps’.  Each greyhound has a different coloured jacket on.  In the UK it goes: red in trap 1, blue in trap 2, white in trap 3, black in trap 4, orange in trap 5 and black and white in trap 6.  Once the traps have been opened simultaneously, the hare is set moving and the greyhounds chase it with the first crossing the finish line being the winner.  The races take place much faster than with horseracing, with generally only about a 15-minute gap between each one.

As with horseracing, however, the dogs are rated depending on their previous performance.  A lot of information can be found by checking on an online bookmaker.  In the UK, the betting is run using a Tote betting system.  This idea is based on betting against the track as opposed to other punters.  However, there are also a number of bookmakers who supply fixed odds.  Either way, bets are placed similarly, with generally a variety of types to choose from.

With the rise of Internet and mobile phone sports betting, gamblers no longer have to pay a visit to a high-street bookmaker or casino sports booker to place bets.  Thanks to the easy access to sports betting online where gamblers can access bookmakers from anywhere through the internet or a mobile phone, most online sports books have begun offering In Play Betting.

With In Play Betting, gamblers can log on to a sports book via the Internet or their mobile phone and place a bet on a sporting event while it is going on.  The odds and options that can be bet on are constantly updated based on how the sporting event is played out, giving gamblers a huge variety of options to bet on.

Common examples of In Play Betting offerings from online bookmakers such as Bet365 include, choosing which player would score next in a football match, deciding whether a particular over in cricket would provide a wicket, and betting on who would win the match with the current score taken into account. 

This type of betting is very useful in a number of sports betting strategies.  Bettors are able to either hedge against potential losses with bets placed on the likely outcome, or, if they believe the bet is worth the risk, put large bets on a relatively safe outcome with very short odds to get a small return.

UK gambling is regulated by the Gambling Commission as part of the Department for Culture, Media and Sport.  This distinction was decided by the Gambling Act of 2005, when Parliament updated the UK laws on gambling to include online and offline forms. 

There are four common gambling forms offered in the UK: bingo and casinos, sports betting, lottery, and scratch cards.  Bingo was popularised by the Second World War.  The Betting and Gaming Act of 1960 allowed bingo halls to set up on UK soil.  The act stated the establishment had to be member-only with a membership fee.  The aforementioned Gambling Act of 2005 opened the industry up for resort style casinos similar to those in Las Vegas.

Sport gambling has been regulated since 1960, the legalization of off-course bookmakers.  Sports betting is popular amongst many football fans.  Other gambling is available on horses and greyhound racing.  In sports betting gamblers bet on the outcome of a match or race, with more than five different bets to choose from.

The lottery started in the UK in the 1600s with Queen Elizabeth’s approval.  The largest lottery is the National Lottery, which became licensed in 1993.  The lottery raised numerous billions for Good Causes.  This program distributes money through grants to those in need.  Any unclaimed prizes and 28 per cent of the revenue from the lottery go to the program. 

Scratch cards are cheap and readily available in the UK.  All four forms of land gambling mentioned are available in online casinos and regulated for the protection of gamblers by improved UK laws that have changed as gambling has evolved.

If this is your first time going to a betting shop or race track, do not worry because there is always someone who can offer you some advice.  After all, every single person who bets has been a beginner at some point.  The cashiers at a betting shop can help you place bets if you have all of the information you need.  If you are betting on the horses for the first time, keep it simple.  It would be best to place a bet for a straight win or an each-way win.  In order to see a return on your initial stake, the horse you picked will either have to come first in the race, or in the case of an each-way bet, place in the first three spots.

Accumulator betting is not for the faint of heart.  An accumulator bet takes into account more than one race, match or event.  For example, if you are betting on races at a particular venue, your first horse has to win the first race for the accumulator to continue.  The winnings on that race then become the stake for the following race in the accumulator.  The winnings from the second race become the stake for the third race and so on for as long as you want to play.  If you do not win one of the races, you lose everything.  However, if each horse you pick wins their race, you will receive a very good return on your initial investment.

Accumulator betting is not just for horses; you can also place this type of bet on Wimbledon matches and even across several sporting events.

When making wagers on sports, the overall goal is to beat the odds and win some money.  Many sports fans around the world place bets on their favourite sports and teams.  This enhances the game, making the outcome more exciting because there is money to be won.  There are various land-based casinos that have sports betting areas, and many online sites also offer this form of gambling.

Most betting is done through sportsbooks or bookmakers.  People can bet on the outcome of various events including baseball, football, tennis, hockey, snooker, American football and basketball.  Basically, whenever there is a sport with two opposing sides, a bet can be placed on who will win the game.

There are various types of bets that can be placed on sports.  Some sportsbooks will offer more betting options than others, so this is something to look into before placing any bets.  The most common types of sport bets include straight bets, point spread, buy points, money-line, total, over/under, parlay or accumulator, teaser, open wager, exotic bets, future, prop bets and if-wagers.

Sports betting has become very popular over the years and most land-based casinos will have an area dedicated to those who make these wagers.  There will be multiple television screens available for bettors to view the event they are wagering on.  Betting on sports is considered gambling and can be addicting.  However, most people will place wagers simply to enhance the game and make it more entertaining.

Horse racing is an expensive activity that generates a lot of money for people who work in the industry, such as bookies, and the people who own and breed horses.  The horse racing economy is worth more than 100 billion dollars across the world and the sport is popular amongst different cultures and in many different countries. 

The horse breeding industry is based around breeding horses with a high value through good training, nurture and nutrition in the hope of marketing a horse that is capable of winning races.  A winning horse will gain money and fame for the horse, the jockey and the entire team.

The first known places for horseracing, based on historical evidence, were Rome, Ancient Greece and Byzantium although sophisticated cultures existed before these and it is impossible to know where the first horse racing actually took place. 

In Rome, horse racing took place with chariots, unlike modern racing which features just horses alone.  Roman events were often bloody and could result in the injury or death of the horses, riders or both – especially since the use of weapons were sometimes allowed.  This is no surprise as competitive and combative horse racing grew out of the need to train horses for combat. 

Since horses are no longer used in combat, gambling has helped sustain the sport instead and bookmaking is common at modern horse racing events.  Bookmaking is the practice of taking bets on the outcome of a horse racing event.

If you have recently tried your hand at gambling or even participated by watching, you may have gotten lost by all the lingo. Gambling has a language of its own and it’s important to know the definitions if you’re going to play the game. Here are a few beginner terms to help with your hand.
Action is a sports bet or wager of any kind.

ATS is an abbreviation for Against The Spread.

For those who bet a wager for twice the size of your usual hand, it is known as a double bet, a double pop or doubling up.

Beard has nothing to do with facial hair. It is an acquaintance who places bets in place of the true bettor to hide their identity.

Just as it’s referred to in daily life, having the ‘edge’ means your advantage. In gambling, it refers to your advantage in sports betting.

A buck or a dollar is not an actual dollar. It is a $100 wager when betting sports.

Chalk refers to the favourite. A chalk player is someone who only bets on favourite teams.

Dime is a sports better wager of $1,000.00. So much for the ten cent thought.

Angles are using factors from previous games to determine future ones

The team thought to be the looser is referred to as the dog, while a dog player is someone who generally bets on the underdog, or loosing teams.
 
When making a sports wagering bet, you are referred to as getting down.

If someone calls you a wise guy, they mean you seem knowledgeable or well informed when it comes to sports gambling.