More sinisterly Chasing is used in respect of 'chasing losses' - Something most gamblers would have done at one point or another but is something that is to be avoided at all costs. ChasingĬhasing can be used in a couple of scenarios in gambling, firstly and innocuously Chasing is a type of national hunt race where horses jump over larger obstacles called fences as opposed to hurdles. Check this list of UK betting exchanges to find which ones offer lower commission rates than Betfair.

The rate of the commission varies but they use 5% as a base rate.īetfair is not the only exchange available and commission rates can differ between them. They make a small charge for this service and this is the commission. OLBG Blogger Tommy Buckley explains why in his football betting memoriesīetfair is not a bookmaker but a betting exchange providing a platform for one punter to bet against other punters, whilst betfair settles the bets and distributes the money between the winners and losers. The primary use of odds comparison is simply to choose which bookie is the best for a given bet.' An ArberĪ punter who locks in profit through exploiting a market by backing all outcomes of an event at a combined book of less than 100%. ‘Odds comparison tools, such as ValueChecker, have made arbing easier over the years although they have never encouraged it.

Usually, arbitrage betting comes when bookmakers disagree on specific odds for markets, or price up markets mistakenly.

ArbitrageĪn arbitrage bet in sports betting means that you can place a bet on every outcome of an event and still make a profit, no matter what the result of that event may be. The same term may be uttered in a casual manner in betting parlance between friends, but rarely means the same thing as on a poker table. More often used at the poker table than any other scenario.ĪLL IN signifies a player placing all of his remaining chips on the table for the bet. Some you will already recognise and some you’ll have heard for the first time. Our A-Z of betting terminology takes a look at some of the words associated with betting that you may not know the meaning of.įrom Horse Racing to Football, there are words and phrases that are used in a variety of sports. 📚 Get your bets right with our ultimate A-Z Betting Terminology guide! Up your betting game with expert lingo knowledge! 🎲💡 Master the Betting Lexicon with Our Expert Glossary! 🎲📖

Old school casino card player visor