I’ve always taken those to be the various markets that could be gambled upon. We have the markets which are as you’ve mentioned;
Asian total
The win market (1x2)
The double chance market (x1 12 2x)
All these markets have got odds on them which is denoted by a number. Staying the probability for which this team or game could produce certain outcome and the multiplier on them should you happen to bet on them. That’s the way I understand it at least.
Topic: What are different odds on bookies called? (Read 97 times)
What are they called in general? Sometimes I call them odd types but which I know is wrong because the first example above of 1x2 have different odds and they are the same type of bet.
Lols, bets!
You bet on an event that would pay you 2.5, the bet is on how many goals, who will win, who will score, and the number is the odds you take.
I mean like seriously:
https://stake.com/blog/what-are-asian-totals
Sometimes I call them odd types but which I know is wrong because the first example above of 1x2 have different odds and they are the same type of bet.
No, calling them odds type is wrong because odds type refers to how they are written, fractional, decimal, or us.
1.5/1, 2.5, 10/4, 150 are odd types for the same value.
Well I can't generally classify them to what they are called or even the single names but from what I understand about it is that they are options that are left for the gambler go chose while gambling.
Yes you can classify them they are bet types, why do you want to make it look so complicated?
They both refer to same betting terms. But what you described here isn't called odds, it's called a betting market. They kind of look similar as we all just use the terms odds when we see them in bookmarkers. Just take it that the odd is more like when we are betting on our own probability that a team might have the chance to win a game while the bet market it self define the kind of bet we want to place. Let's say for instance, I want to bet on the 1×3 bet market. While my odds are 1.25..
According to what I found out online, you are correct. They are called betting market.Still I don't think there's a specific term to use for it? Pretty sure anyone who gambles can recognize them if you just say the type of bet or something if you were inquiring about it.
It is called betting markets. Also it can be called prediction market. It can also be called information markets, decision markets, idea futures or event derivativeshttps://en.m.wikipedia.org/wiki/Prediction_market#:~:text=Prediction%20markets%2C%20also%20known%20as,the%20outcome%20of%20various%20events.
Team A versus Team B
1x2:
Win or draw:
Draw no bet:
Asian total
Asian handicap and so on
What are they called in general? Sometimes I call them odd types but which I know is wrong because the first example above of 1x2 have different odds and they are the same type of bet.
Well I can't generally classify them to what they are called or even the single names but from what I understand about it is that they are options that are left for the gambler go chose while gambling. But we'll, we are all here for learn, I would keep visiting here fo know what these options are called because we are often used to general classifications to how we uses them. 1x2:
Win or draw:
Draw no bet:
Asian total
Asian handicap and so on
What are they called in general? Sometimes I call them odd types but which I know is wrong because the first example above of 1x2 have different odds and they are the same type of bet.
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They both refer to same betting terms. But what you described here isn't called odds, it's called a betting market. They kind of look similar as we all just use the terms odds when we see them in bookmarkers. Just take it that the odd is more like when we are betting on our own probability that a team might have the chance to win a game while the bet market it self define the kind of bet we want to place. Let's say for instance, I want to bet on the 1×3 bet market. While my odds are 1.25..
Yeah right, they are called betting market since there’s a different category on sports betting depending on the odds conditions which often called market as sportsbook is considered as market for different odds offered by providers
I think there’s different name called for that term depending on how they use sportsbook. What important is bettor knew how this betting market works since each of them has different conditions to meet like 1x2 that includes draw and so on.
Personally I call them lines, markets, or just bet types or betting options. I wouldn't call them "odds types" nonetheless because for me this expression refers to the format of the odds, I would hear it like that at least. That is to stay I would think the person I'm speaking with is talking about the units of measurement systems of those odds actually, for example european/decimal odds, american odds, fractional/bristish odds, indonesian, malaysian, hong kong ones, etc, so I think it's better to avoid this phrasing for gambling discussions if you want to be fully understood without misunderstanding.
Team A versus Team B
1x2:
Win or draw:
Draw no bet:
Asian total
Asian handicap and so on
What are they called in general? Sometimes I call them odd types but which I know is wrong because the first example above of 1x2 have different odds and they are the same type of bet.
Betting type/option is what I commonly called it since it’s what being called by the general gambler I knew. Odds is just the number being assigned according to the potential outcome of the match while you are describing on your post about different betting option.
In the sportsbook section they even assigned different categories like Asian, player props and many more which is all a different option.
I read these terms are sports betting market or sports betting options, it is also a new term to me since I am not really into sports betting but I find some interesting explanations on some of the terms listed by @OP.
Asian handicap explanation can be found here : https://help.smarkets.com/hc/en-gb/articles/115001324169-What-is-Asian-Handicap-betting
1x2 explanation can be found here: https://help.smarkets.com/hc/en-gb/articles/214108649-What-is-1X2-betting#
Draw no bet : https://help.smarkets.com/hc/en-gb/articles/115001263391-What-is-Draw-No-Bet-betting
Asian total : https://www.swisslos.ch/en/sporttip/information/help/bet-types/asian-total-goal-bet.html
You do not understand what that is. It means what are all betting odds called. If you click on a match and you will see different types of odds from 1x2 to other types of odds that you can choose from to bet. That what are the all the betting odds called generally to refer to them all. I do not think they have a single general name. Asian handicap explanation can be found here : https://help.smarkets.com/hc/en-gb/articles/115001324169-What-is-Asian-Handicap-betting
1x2 explanation can be found here: https://help.smarkets.com/hc/en-gb/articles/214108649-What-is-1X2-betting#
Draw no bet : https://help.smarkets.com/hc/en-gb/articles/115001263391-What-is-Draw-No-Bet-betting
Asian total : https://www.swisslos.ch/en/sporttip/information/help/bet-types/asian-total-goal-bet.html
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So I looked it up a bit and I found betting market to surprisingly fit? It's kind of a general term for any specific market really so it can sound generalized, but I reckon it fits well enough with what these indicate. E.g., a 1x2 betting market has odds of X and stuff like that. Still I don't think there's a specific term to use for it? Pretty sure anyone who gambles can recognize them if you just say the type of bet or something if you were inquiring about it.
They both refer to same betting terms. But what you described here isn't called odds, it's called a betting market. They kind of look similar as we all just use the terms odds when we see them in bookmarkers. Just take it that the odd is more like when we are betting on our own probability that a team might have the chance to win a game while the bet market it self define the kind of bet we want to place. Let's say for instance, I want to bet on the 1×3 bet market. While my odds are 1.25..
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What are they called in general? Sometimes I call them odd types but which I know is wrong because the first example above of 1x2 have different odds and they are the same type of bet.
Right from when I started gambling, I do call it odd type and I have never thought of it to have any professional term and you might not also be wrong to call it odd type.
I decided to do a research after seeing the thread and the answer I got is below. My first question was that, in a general terms, what can those different odds be referred to as;
Quote
In general terms, the different odds formats can be referred to as:
1. *Odds formats*
2. *Betting odds formats*
3. *Odds types*
4. *Betting lines*
But if you're looking for a single word, you can call them:
- *Odds styles*
This term encompasses all the different formats and types of odds used in betting.
1. *Odds formats*
2. *Betting odds formats*
3. *Odds types*
4. *Betting lines*
But if you're looking for a single word, you can call them:
- *Odds styles*
This term encompasses all the different formats and types of odds used in betting.
Then my next question was that, is there any professional terms used for it? The result was;
Quote
In the betting and gaming industry, the different odds formats are commonly referred to as:
- _Odds notation_
or
- _Odds expression_
These terms are widely used in the industry and among professionals to refer to the various formats used to display betting odds.
- _Odds notation_
or
- _Odds expression_
These terms are widely used in the industry and among professionals to refer to the various formats used to display betting odds.
I read these terms are sports betting market or sports betting options, it is also a new term to me since I am not really into sports betting but I find some interesting explanations on some of the terms listed by @OP.
Asian handicap explanation can be found here : https://help.smarkets.com/hc/en-gb/articles/115001324169-What-is-Asian-Handicap-betting
1x2 explanation can be found here: https://help.smarkets.com/hc/en-gb/articles/214108649-What-is-1X2-betting#
Draw no bet : https://help.smarkets.com/hc/en-gb/articles/115001263391-What-is-Draw-No-Bet-betting
Asian total : https://www.swisslos.ch/en/sporttip/information/help/bet-types/asian-total-goal-bet.html
Btw, the page in this link also shows other types of bet and the link for each explanation: https://www.swisslos.ch/en/sporttip/information/help/bet-types/asian-total-goal-bet.html
Asian handicap explanation can be found here : https://help.smarkets.com/hc/en-gb/articles/115001324169-What-is-Asian-Handicap-betting
1x2 explanation can be found here: https://help.smarkets.com/hc/en-gb/articles/214108649-What-is-1X2-betting#
Draw no bet : https://help.smarkets.com/hc/en-gb/articles/115001263391-What-is-Draw-No-Bet-betting
Asian total : https://www.swisslos.ch/en/sporttip/information/help/bet-types/asian-total-goal-bet.html
Btw, the page in this link also shows other types of bet and the link for each explanation: https://www.swisslos.ch/en/sporttip/information/help/bet-types/asian-total-goal-bet.html
I can't say what they're called professionally but sometimes I refer to them as over 2.5 odds and over 2.5 odds, may be I may be limited to a section of those various types of odds and the way they are calculated.
Threads like this are commendable since they will give room for various opinions and views which could trigger more research, hope we see some that accurate information about this question.
Threads like this are commendable since they will give room for various opinions and views which could trigger more research, hope we see some that accurate information about this question.
Do not mind me but just that it will make my posting hard when I am making post about it. Let me make examples. You know almost all the odd are different.
Example is 1x2: Team A (3 odds) Draw (4.2 odds) Team B (1.9 odds)
Can you see that they have different odds but this is not what that I am talking about. Below is the example of what that I am talking about.
Team A versus Team B
1x2:
Win or draw:
Draw no bet:
Asian total
Asian handicap and so on
What are they called in general? Sometimes I call them odd types but which I know is wrong because the first example above of 1x2 have different odds and they are the same type of bet.
Example is 1x2: Team A (3 odds) Draw (4.2 odds) Team B (1.9 odds)
Can you see that they have different odds but this is not what that I am talking about. Below is the example of what that I am talking about.
Team A versus Team B
1x2:
Win or draw:
Draw no bet:
Asian total
Asian handicap and so on
What are they called in general? Sometimes I call them odd types but which I know is wrong because the first example above of 1x2 have different odds and they are the same type of bet.
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