Betting Terminology

Discussion in 'MMA Betting Discussion' started by EzFlyer, Jun 21, 2016.

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  1. EzFlyer

    EzFlyer Titanium Belt

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    Please message me directly if there is something you would like to add to this list or if you see any mistakes.

    Questions about anything should be posted here:
    http://forums.sherdog.com/threads/betting-questions.3143825/

    ---------------

    Wager Types:
    "straight" = a single wager on a single outcome

    "parlay" = a single wager on multiple outcomes (If any lose, the parlay loses).

    "round robin" (RR) = selecting three or more outcomes and parlaying each one with the others in the size of the parlays you specify. i.e. if you do a four-team RR and select groupings of "2", there will be 6 individual parlays:
    A+B
    A+C
    A+D
    B+C
    B+D
    C+D


    Betting Odds:

    American Odds (+/-)

    +odds are for the underdog
    +xxx = the amount of money you will win if your selection wins on a bet of $100. (plus your stake back)
    i.e. You bet $100 on a +200 underdog. If it loses, you lose $100. If it wins, you win $200 (plus your $100 back).

    -odds are for the favorite
    -xxx = the amount of money you must bet in order to win $100. (plus your stake back)
    i.e. You bet $300 on a -300 underdog. If it loses, you lose $300. If it wins, you win $100 (plus your $300 back)


    European Odds (decimal)
    Anything under 2.00 = favorite
    Anything 2.00 or above = underdog.

    Simply multiple your stake by the decimal odds to determine the payout.
    i.e. You bet $100 on a 2.50 underdog. If it loses, you lose $100. If it wins, you win $250. (which is really "winning" $150 plus your $100 stake returned).

    i.e. You bet $400 on a 1.50 favorite. If it loses, you lose $400. If it wins, you win $600. (which is really "winning" $200 plus your $400 stake returned)


    Specific outcome bets:
    Moneyline (ML) = fighter wins the match outright
    DEC = fighter wins via decision (judges cards)
    KO = fighter wins via knockout
    SUB = fighter wins via submission
    ITD = fighter wins via ko/dq/sub
    NSC = fighter wins with no scorecards (
    +3.5 = fighter wins in the distance OR loses within 3.5 points of his opponents totals. i.e. unanimous 29-28 = 3 point total differential
    -3.5 = fighter wins in the distance OR wins by greater than 3.5 point differential (see above)
    Round-Specific bets = fighter wins in the designated round
    Over/Under (O/U) = A wager on the length of the fight. i.e. O2.5 means the fight must go at least 2 minutes and 31 seconds into the 3rd round.
     
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