Betting Terminology

Filed under: Betting School,Extra |

Betting terminology can be a bit a confusing, so here’s a run down of what some of the most common terms mean on RedsBet

Odds

In betting markets, prices/odds are typically expressed as decimals e.g. 11.00 – meaning that should the bet win, for every unit staked, you would receive 10 in return (plus the original stake back). ‘Evens’ (2.00) means even money e.g. winnings would be exactly the same as the stake (plus your stake back), whereas a shorter odds price such as 1.5 indicates that for every €2 you stake, a successful outcome would result in a €1 profit.

Cash Out

The Cash Out facility allows you to settle your bet before the market/event you bet on has been completed (available on indicated markets). This lets you secure a profit or minimise your losses if your selection is doing well or badly. The bet will be settled at the Cash Out price which is different to the original price you took; this is calculated using a formula relating to the price at the time of the bet and the price at the time of the request to cash out. RedsBet offers cash out on most major sports.

Each Way

An Each-Way (E/W) bet is a bet consisted of two separate parts – a win part and a place part. The win part of the bet is on your selection to win the event, and the place part is on your selection to finish either first or within the race’s specified place terms (e.g. 2nd, 3rd, 4th, etc). The bet is very popular in horse racing since it allows you to gain returns even if your horse doesn’t finish first. RedsBet offers increased each-way terms on most of the big field races taking place on Saturday’s.

Accumulator Bets

Accumulators, also known as accas, combos or multis, are when you pick more than one selection across a number of events. The odds of your selections are multiplied together, offering you the chance to get much higher returns than if you place the bets separately. On RedsBet, we offer bonus payouts on winning accumulator bets that have 4 or more selections.

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