| Stake |
STAKE The stake is the cash amount that you place on a particular bet. Your potential winnings or losses are calculated according to the size of your stake. For example, a 4/1 bet means you win 4 x your stake. A 5/2 bet means two and a half x your stake. Mr X will advice stakes on all tips (see Points below), but you should never stake more than you can afford to lose. ..
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| Bank |
BANK Your 'bank' is the total amount that you are prepared to spend on betting. It is advisable that you set this figure to an affordable amount. Your bank can then be divided in to individual stakes to places on specific bets. ..
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| Points |
POINTS Mr X uses a points system as a guide to the size of stake that he recommends placing on a bet. A single 'point' can be worth as much or as little as you want to bet this could be £1 per point, £10 per point or £100 per point, and so on. Mr X's tips will always recommend a stake between 1 and 10 points, with the majority being 1 or 2 point bets. For example, if you decided to stake £10 per point, and Mr X advised a 2 point bet, your stak ..
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| Handicaps |
Bookies will award teams an imaginary Handicap (plus or minus) to even up the chances of both teams winning the bet. Similar odds will then be available for each outcome. Handicaps are particularly common Rugby bets. The number of points awarded will depend on the bookmaker's rating of the team. The underdog will be given a points advantage ('plus' handicap). And the same imaginary points total is also deducted from the favourite ('minus' h ..
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| Market |
A market refers to an event or outcome that bookies offer to bet on. So, if for a specific football match, bets were available on the Match Result, Total Number of Goals and First Goal Scorer, there would be said to be three betting markets for that match. ..
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| Fractional Odds |
Bookmakers traditionally use fractional odds to illustrate their opinion of the likeliness of an outcome occurring. For example, if a bookmaker gives odds of 3/1 on Manchester United to win the Premier League, they are effectively saying that if the Premier League was played under exactly the same conditions, three times, Manchester United would only be likely to be Champions once. If Manchester United were to win, a bettor would win 3 x thei ..
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| Decimal Odds |
DECIMAL ODDS To calculate the potential winnings for a bet, the fractional odds are converted to decimal figures. Bookies will give both fractional and decimal odds, and on all bookies' websites there should be an option on the screen to switch between the two. With fractional odds, a winning bet is worked out as the fraction multiplied by the stake, and then the original stake is returned on top of this. Decimal odds, however, include the s ..
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| Fixed Odds |
Fixed odds bets are the simplest and most common type of bet. They are 'fixed' because at the time of placing your bet the potential amount that can be won or lost is decided, according to the odds that you accept for that bet. For example, let's say you want to place a stake of £10 on Arsenal to beat Chelsea at odds of 2/1. There are the only 2 outcomes for this bet… *If Arsenal don't win you lose your £10 stake. *If Arsenal win, your bet is ..
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| Single |
SINGLE A Single is a bet on one result or outcome, and is the most common type of bet. ..
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| Double |
This is when you place one stake on two bets. Both bets must win for your Double to be a winner. The potential winnings are greater than if you placed two Single bets as the odds of both results occurring are greater the two bets are multiplied together. For example, if you placed £20 on the following Double bet, this is how it would be calculated: Liverpool to beat Tottenham at odds of 10/11 and Everton to beat Aston Villa at 2/1 Liverpoo ..
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