Bookmaker/Bookie – The person or company who is responsible for creating courses and then accepting investments. Bookies have a commission on each investment made, their goal is to generate a profit. Regardless of the outcome of the event.
Vigorish, Juice, Commission – Earnings of bookmakers, which is part of each course.
Investor – A person who investing money in a sporting event. If his tip is correct, he will increase his initial deposit. Otherwise, he may lose entire investment.
Bet, Wager, Price, Odd, Line (North America slang) – Investments, investing funds in order to enhance your deposit through a sporting event.
Bankroll – Budget to invest. The value of the budget increases or decreases according to the results of individual investments. An important part of ROI calculation.
Stake – The amount of money a bettor risks on a specific bet. The amount can be show as the number of points from the bankroll. In the case of total points (bankrolls), these are recommended deposits on a scale, for example from one to ten. The lowest deposit can be marked 1/10, the highest then 10/10. Bookmakers have a set minimum and maximum range of bets for given matches.
Deposit – Deposit to the player’s account at the bookie.
Payout – The return on a winning bet.
Cash out – It means selling an unevaluated or partially evaluated ticket. Some bookmakers also offer cash out during LIVE matches.
Tip – A betting prediction provided by someone with perceived knowledge of the event or competitors.
Square – American slang for new, low experiented and beginning investor, who initially uses the advice of advisers like us.
Wise Guy – It is a professional betting investor with extensive experience who can find the best investment. He advises others on how to invest. Bookmakers monitor these people, so they can recognize these “Wise Guys” and then change the listed odds. This is also the reason why you buy our recommendations and courses can fall rapidly. 😊
Currency (USD, EUR) – When you opening an account with a bookie, you must choose the currency in which you want to make subsequent investments. Can be changed in account settings.
Personal question – Used to protect data in case of loss of password or username. It may be required when requesting a payout from an account.
CVC2/CVV – Card Vefification Code, is three number code, which is situated on the back side of your bank card. Serves as a security measure for card payments on the Internet or by telephone.
IBAN – International Bank Account Number is international designation for number account. Used for international money transactions.
Bonus – You can get it from Bookie, most often as a reward for registering with the company. The offer of bonuses is very wide and varies. In many cases, you need to invest your money several times before the bonus is paid out = rollover. It is important to be careful and evaluate the options well.
Rollover – You usually have to invest the bonus several times, then you will be able to pay it out. Carefully study the conditions of each offered bonus.
Bonus code – Is used to obtain bonuses, without entering them you cannot receive the bonus. However, it also serves as a kind of prevention so that one bonus cannot be withdrawn more than once using one account.
Freebet – Reward from bookmakers, the investor will receive a free investment.
Common Misconceptions About Sports Betting Analytics
“Trust me, this system hits at 85% – I’ve back-tested it myself.” I cringe every time I hear statements like this. And I hear them a lot. During a recent sports analytics conference, a well-dressed gentleman approached me after my presentation. He pulled out his phone and proudly showed me a spreadsheet tracking his “foolproof” […]
Read article
Risk vs. Reward: Finding Your Optimal Sports Investment Strategy
A question I get asked almost weekly: “What’s your best bet for this weekend?” It seems like a straightforward question, but after 20+ years in this industry, I’ve learned it’s the wrong one to ask. The far better question – one that few people consider – is: “Which betting approach best matches my personal risk […]
Read article
Why Most Sports Bettors Fail: The Cognitive Biases Holding You Back
I had an interesting conversation with a potential client last week. Successful guy, runs his own business, clearly intelligent. He’d been betting on sports for years and was proud of his “system” – betting against public favorites in big games. “The public is always wrong,” he insisted. “Fade the popular teams and you’ll make money.” […]
Read article
Back to blog