Understanding the Jargon in Matched Betting

Matched betting acronyms and abbreviations can sometimes leave you pulling your own hair out. Some of the terms you’ll know, others you may just understand but there will be many others that will leave you dumbfounded. We’ve complied this list to help you decipher all those fancy terms and can also recommend a great glossary and guide to help you get a better understanding of all the jargon used in matched betting!

The Most Common Matched Betting Acronyms and Abbreviations

  • Acca: Accumulator - This is a multiple bet which typically refers to four teams or more on a coupon at a bookmaker.
  • AGS: Anytime Goal Scorer – Football related in which you place a wager on a specific player to score at any time dung a match.
  • AH: Asian Handicap – A form of betting in football where teams are handicaps based on their form. Stronger teams must score more for punters to benefit from this type of bet.
  • AP: Advantage Play – An advanced technique in matched betting where bets are not placed but still generate great value in the long run.
  • AP: Ante-Post – Horse racing market which appears before an event.
  • ARB: Arbitrage Bet – This is when you place a wager at lower odds at an exchange.
  • AWS: All-Weather Surface – Term used to describe a type of track at a horse racing event.
  • BBH: Beaten by a Head – When a horse is beaten by the distance of a head.
  • BBL: Beaten by a Length - When a horse is beaten by the distance of a length.
  • BBN: Beaten by a Neck - When a horse is beaten by the distance of a Neck.
  • BTTS: Both Teams to Score – A betting option which includes both football teams to score a goal during the match.
  • Chelts: Cheltenham Festival – An annual horse racing event held in March.
  • CS: Correct Score – The bet on an outcome of a match after full time. Example; Manchester United to win 3-1 against Chelsea.
  • E/W: Each Way – A horse racing bet that gives you some insurance. You not only place a bet on the horse to win, but also to come in second or third for a percentage of the stated win odds.
  • EV: Expected Value (or Estimated Value) – The value of on an online casino offer spread over a long period.
  • Extra Place – bookmakers who offer additional ‘places’ on horse racing. Generally, the Grand National pays 4 but many bookmakers offer the first five or even 6 places.
  • FB: Free Bet – Sportsbook operators often welcome new customers with a free bet.
  • FS: Free Spins – You get to play slots for free with this type of online casino offer.
  • FT: Full Time
  • Gubbing or Gubbed – you’re no longer eligible for a bookie’s promotions.

 And We’re Half-Way There

  • HT: Half Time
  • Lay Bet – An exchange bet laid against an outcome.
  • LGS: Last Goal Scorer – Bet on who will be the last goal scorer in a football match.
  • Liability – The sum of money you lose if your bet loses.
  • Liquidity – The available money for an outcome on an exchange. For bets to be fully matched, the liquidity should be equal or greater than your liability.
  • MB: Matched Bet – A bet that is matched fully at the exchanged.
  • Mug Bet – A bet with no promotion or bonus involved.
  • PA – Profit Accumulator
  • Palp: Palpable Error: Incorrectly displayed odds can void all bets placed at that price.
  • Price Boost – Bookmakers boosting a market for a short period of time for an event.
  • QB – Qualifying bet.
  • QL – Qualifying loss.
  • RF – Risk Free.
  • RTP: Return to Player -the term used to describe the set amount expected to be won over the course of a gaming session at online casinos. If the RTP of an online slot is 97%, you’d receive £97 of £100 played.
  • Sharb or Sharbing – Identical to that of the Arbitrage bet, only it is a bet placed in a betting shop rather than online.
  • SNR: Stake Not Returned – usually applied to free bets.
  • SR: Stake Restricted – The amount you can spend with a bookmaker has been reduced.
  • SR: Stake Returned – Your initially stake is refunded.
  • Variance or Volatility – The term used to describe how often a slot machine triggers its pays and features. Low delivers frequently smaller wins whilst high is where bonuses and wins are few and far between, although generally larger in value. The millionaire-making Mega Moolah by Microgaming is high variance with its life-changing cash pots.
  • WR: Wagering Requirement – The amount you must wager before being able to make a withdrawal. If a casino bonus has 35x wagering (not uncommon) on a £10 bonus, you would need to play through that £10 a total of 35x = £350.

Why knowing the jargon can be useful and profitable for you...

Getting the hang of these terms is super useful for beginners as it can then be much easier for you to make more profits from last-minute and extra matched betting offers that our awesome community post in the Profit Accumulator Forum every day. You’ll be able to understand what they are talking about much more quickly and then be able to move on the offers before they go!

The often fast pace Price Boost forum thread, which is one of the most profitable threads to follow on the forum, is just one example of where knowing your matched betting jargon can ensure you're not missing out on extra cash to be had.

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