If you are new to betting, the betting websites can look so complicated, with numbers, phrases, and figures that you do not understand. However, once you understand the common terms used on most betting websites in Kenya, you’ll realize there is nothing complex about sports betting. Here is a guide that takes you through the words and figures you are likely to encounter in most betting sites in Kenya.
What are Odds in Sports Betting?
Odds are numbers that tell you how much money you might win from a bet and how likely something is to happen. High odds mean there’s a lower chance of winning, but if you do, you could win a lot. Low odds mean there’s a higher chance of winning, but you might not win as much. They help you decide how much risk to take and how much you could win if you’re right.
Usually, odds are shown in decimals, like 1.73. If you bet Ksh.100 and choose odds of 1.73, your potential winnings would be Ksh.100 multiplied by 1.73, if your bet is successful.
What is a Double chance in Sports Betting?
This is when you bet on two possible outcomes. You can bet on the home and away, meaning that if either the home team wins or the away team wins, you win. You can also bet on home and draw meaning that if the game ends with either a draw or or a win for the home team, you win. Lastly you can bet on away and draw meaning that if either the away team wins or there is a draw, you have won the bet. The double chance gives you more options of cashing out no matter the outcome.
What is home, draw or away in Sports Betting?
Home
The team that is playing in their grounds for instance if Manchester United is home it means the game will be happening at Old Trafford. On the betting platform, the home team is always the first to be listed on the market and on our betting platform it is represented by number 1. So if you want to bet that it will win, you pick the odds under 1.
Draw
A draw happens when neither team wins the match. It’s like a tie where neither side comes out as the winner. On betting platforms, it is often denoted by X and so the odds below X are the one you choose if you want to bet that the match will end in a draw.
Away
The away team is the opposite of the home team meaning that it is playing away from their home grounds. They are playing in their opponent’s ground. In the betting website, the away team is usually the second team in the market and is represented by number 2. You bet on the away team by picking the odds under 2.
What is Under in Sports Betting?
This is a type of wager when you place a bet that the total number of goals scored in the game will be under a certain number. If, for example, you bet on the “under” for a total of 2.5 goals in a soccer match, you’re essentially betting that the combined number of goals scored by both teams will be less than 2.5. So, if the game ends with a total of 0, 1, or 2 goals scored, your bet would be successful. However, if there are 3 or more goals scored, you would lose the bet.
What is Over in Sports Betting?
In sports betting, ‘over’ means you’re betting the total combined score of both teams will be more than a specified number set by oddsmakers. For example, if you bet the ‘over’ for 1.5 goals, you win if there are 2 goals or more. If there’s only 1 goal or none, you lose the bet.
What is a Single Bet in Sports Betting?
A single bet is when you wager on the outcome of just one event or match. You choose one option, like a team to win a soccer game, and bet on that result. If your pick wins, your bet succeeds, and you get a payout determined by the odds set by the bookmaker. Platforms like Bangsports allow you to place single bets on various options, such as under or over goals, or even double chance outcomes.
What is a Multiple Bet in Sports Betting?
A multiple bet, also known as a parlay, is a type of wager where you combine multiple individual bets into one larger bet. Each individual bet within the multiple must win for the overall bet to be successful. If any one of the individual bets loses, the entire multiple bet loses. It means you are betting on two or more matches than one match. Unlike a single bet where you just place your bets on one match.
What is a Handicap in Sports Betting?
This is a type of betting used when there is a perception that one team is way stronger than the other. The idea behind a handicap is to give the weaker team an advantage
You have to predict the final result of the match taking in consideration the handicap in brackets. For example (0:1) indicates that the AWAY team has one goal advantage, as for (1:0) indicates that the HOME team has one goal advantage.
So if you bet on a 0:2 handicap, it means that the team you bet on has to beat the other team by more than two points.
What is the Asian Handicap in Sports Betting?
This is a variation of handicap betting that aims to eliminate the possibility of a draw outcome and provide more balanced odds. There are three types of asian handicap betting; whole goal, half goal, quarter goal
On Bangsports, we offer half goal Asian handicaps of -1.5, -0.5, + 0.5, +1.5. Once you click on the odds, you’ll see the handicap you are placing your bet on.
This is how it works: If you bet on the away team on a +0.5 Asian handicap, it means that the team has a half goal advantage and the home team has a half a goal deficit. Hence if the away team wins or the game ends with a draw, you win your bet. If the home team wins with just one goal, it means the Asian handicaps reduces a half a goal from the one goal, resulting to a draw and so you win half the money you bet on. If the home team scores more than one goal, your bet is unsuccessful.
What is a Bet Slip in Sports Betting?
This is the document with details on all the bets you have placed. It has information on all the above aspects of betting like whether you have placed a single bet or a multiple bet, the under or over values, the odds for each, the market and the amount of money you have wagered.
With these terms explained, I hope your journey to enjoying this thrilling hobby, now looks easier, brighter and promising. Happy betting!