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Topic: What are different odds on bookies called? (Read 323 times)

legendary
Activity: 2632
Merit: 1883
Leading Crypto Sports Betting & Casino Platform
December 29, 2024, 12:26:18 PM
#31
The truth is I don't know if that has a specific name, I normally call it as betting offers too, but I don't think there is a technical name for it, for me it is very useful especially in boxing bets, it is for me the best that can be given in statistics, but based on other sports such as football I am not guided by that, that information is good but have it only as a guide tool only when you have doubts, do not let yourself be persuaded because otherwise you lose all the analysis that is done.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
December 28, 2024, 07:50:01 AM
#30
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People often tend to just stick with what they know for the rest of their life. Someone can go through his or her life without needing to change something up. If it works, they will keep using it. But sometimes they don’t even know what it means. Because like I said some will be intimidated and would only stick with the option they know and don’t try to go explore other options.

The problem here is that they stick and talk about things they have no clue about, that's the problem.
They 've talk for years on this board about gamboling but don't know what a parlay is, don't know how a cash out is calculated, they are confused about simple terms like bets and odds and don't know which is which.

Reality is simple, most of the people here don't bet, a huge portion don't even know much about betting and the majority just does fan base talk.
sr. member
Activity: 2632
Merit: 259
December 27, 2024, 01:07:53 PM
#29
This whole thing has become a place where they just say wow Juventus is the favorite, wow, X has scored again, wow, Spurrs leads, y is the favorite and they quote the 1x2 odd available then, god forbid they would actually think what that bet means.
People often tend to just stick with what they know for the rest of their life. Someone can go through his or her life without needing to change something up. If it works, they will keep using it. But sometimes they don’t even know what it means. Because like I said some will be intimidated and would only stick with the option they know and don’t try to go explore other options.
hero member
Activity: 938
Merit: 665
Leading Crypto Sports Betting & Casino Platform
December 27, 2024, 11:17:45 AM
#28
Do not stress yourself too much on things like this, if you can search online and they do not have an easily fetched term, then you call it whatever comes to your head. Wink

Like someone has generalised them to be a" betting market," I call them "bookies' offers." However, the main gist is that they are still all encapsulated as the betting odds for everyone to see and differentiate and can be tagged with different betting terms (Asian Handicap, for instance) to know them.
legendary
Activity: 1512
Merit: 4795
Leading Crypto Sports Betting & Casino Platform
December 27, 2024, 08:09:18 AM
#27
Honestly, I don't know the general call, but I call it a type of bet. To make it more specific I usually add words that refer to the type of bet such as:
You can read what Hatchy or I posted about it on the first page. If you want to refer to all the odds that bettors can choose from, you can just call it betting market just as Beparanf posted already.
hero member
Activity: 2996
Merit: 808
December 27, 2024, 08:05:29 AM
#26
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.

Honestly, I don't know the general call, but I call it a type of bet. To make it more specific I usually add words that refer to the type of bet such as:

* - 1 handicap Inter Milan FT (refers to the handicap betting options for Inter Milan at full time)
* - 1 handicap Inter Milan HT (refers to the handicap betting options for Inter Milan at half time)
* BTTS or GG (refers to both teams scoring in the match)
* 1 HT (refers to the home team winning the match at half time)
* 2 FT (refers to the away team winning the match at full time)

What you mention is the specific bet conditions which is not the type of bet. You’re correct that you call it type of bet but it’s popular name is a betting market.

Under the betting market there is category like player prop, asian handicap, 1x2 and so on which classify these betting options on the condition needed to win the bet just like your example.
hero member
Activity: 1736
Merit: 798
December 27, 2024, 07:38:28 AM
#25
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.

Honestly, I don't know the general call, but I call it a type of bet. To make it more specific I usually add words that refer to the type of bet such as:

* - 1 handicap Inter Milan FT (refers to the handicap betting options for Inter Milan at full time)
* - 1 handicap Inter Milan HT (refers to the handicap betting options for Inter Milan at half time)
* BTTS or GG (refers to both teams scoring in the match)
* 1 HT (refers to the home team winning the match at half time)
* 2 FT (refers to the away team winning the match at full time)
sr. member
Activity: 336
Merit: 365
The Alliance Of Bitcointalk Translators - ENG>PID
December 27, 2024, 06:46:10 AM
#24

So this act is called "betting market"? It is indeed remarkable learning a new term here in the gambling field that I have been for so long and does not know what it professional term is being identified as.

It's not actually a big deal for !post gamblers knowing those terms. What matters is that you understand what they are and when to use the different terms. No knowledge is wasted. I came to know about them months ago as I mostly see them on my games but got me confused as to what they were then I decided to do some research and know what they are. We just generalize them all as odds, which isn't right.. the fact is that so long you can understand them when placing your bets so you don't end up spoiling your games..
sr. member
Activity: 546
Merit: 265
December 27, 2024, 05:07:46 AM
#23
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..


Sometimes I am really not ready to stress my ass out with some of the professional gambling terms but though I know it is worth knowing because every course as a field has it term of communicable system.
I have always note that scenario to be odd type and I have not been bothered about it because I already know what it basically stands for  by the bookmakers.

So this act is called "betting market"? It is indeed remarkable learning a new term here in the gambling field that I have been for so long and does not know what it professional term is being identified as.
legendary
Activity: 2674
Merit: 1226
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December 27, 2024, 01:23:11 AM
#22
This forum in gambling is shocking, majority people just posting nonsense, probably never placed a single bet.

Shocking? Maybe the term is even worse but I will not utter it now since well, it's Christmas.

But, I am like 99.95% sure if we randomly pick some users who spend all day in gambling and talk all day about this and throw them some English betting or moneyline bets and force them to pick 10 Asian handicap options at least one quarter of them will have a brain meltdown before finishing.

This whole thing has become a place where they just say wow Juventus is the favorite, wow, X has scored again, wow, Spurrs leads, y is the favorite and they quote the 1x2 odd available then, god forbid they would actually think what that bet means.

Watch the Europa and Conference league threads.

Its hard to see in Premier League megathread because its nonstop spam but because Europa and Conference only comes along every few weeks, one guy will post normally there, then 10 people will quote each other, saying the same thing in 20 different ways.

They will even spell the team name wrong or just some shit like you say, and all will say they bet this or bet some shit like that, but no they never did.

Respect to you, but a lot of these shit spammers wear your Signature Tongue
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
December 26, 2024, 08:21:01 AM
#21
This is simple. The odds are broken down for better understanding to the gambler.
1x2 is familiar to gamblers and it's called fraction odds.
No, it's not and please stop saying things you obviously don't know anything about.
This forum in gambling is shocking, majority people just posting nonsense, probably never placed a single bet.

Shocking? Maybe the term is even worse but I will not utter it now since well, it's Christmas.

But, I am like 99.95% sure if we randomly pick some users who spend all day in gambling and talk all day about this and throw them some English betting or moneyline bets and force them to pick 10 Asian handicap options at least one quarter of them will have a brain meltdown before finishing.

This whole thing has become a place where they just say wow Juventus is the favorite, wow, X has scored again, wow, Spurrs leads, y is the favorite and they quote the 1x2 odd available then, god forbid they would actually think what that bet means.
legendary
Activity: 1652
Merit: 1208
Gamble responsibly
December 25, 2024, 02:16:49 AM
#20
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

Those letters are called different names from different people based on how they understand it, however in gambling we have 1 and that's when you want the first club to win and 2 is also when you prefer the away team to take the lead but x is a symbol of draw prediction, so after this we have 1x2, this is to say that you need hom to play either over 0.5 or more and when you also switch it to 2x1 it also becomes a reversal from home to away over, however the second one which is draw no bet is when you bet for other option but with no intentions of playing draw, so when it ends up a draw it may possibly be refunded.
Probably I do not understand you or you do not understand what I meant. I am not saying I do not know the meaning of what I used as examples about. What I mean is the general name that they are called. According to what I have read from what people posted, it can be called betting market which is what my question is all about and has been answered. Or you know another name it is called?
hero member
Activity: 672
Merit: 501
December 25, 2024, 02:09:57 AM
#19
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

Those letters are called different names from different people based on how they understand it, however in gambling we have 1 and that's when you want the first club to win and 2 is also when you prefer the away team to take the lead but x is a symbol of draw prediction, so after this we have 1x2, this is to say that you need hom to play either over 0.5 or more and when you also switch it to 2x1 it also becomes a reversal from home to away over, however the second one which is draw no bet is when you bet for other option but with no intentions of playing draw, so when it ends up a draw it may possibly be refunded.
legendary
Activity: 2674
Merit: 1226
Livecasino, 20% cashback, no fuss payouts.
December 25, 2024, 12:51:06 AM
#18
This is simple. The odds are broken down for better understanding to the gambler.
1x2 is familiar to gamblers and it's called fraction odds.
No, it's not and please stop saying things you obviously don't know anything about.

This forum in gambling is shocking, majority people just posting nonsense, probably never placed a single bet.

They both refer to same betting terms. But what you described here isn't called odds, it's called a betting market.

You gave the only right answer, and some people aren't reading anymore. These are called markets. I'm surprised a lot of people in gambling section didn't know what this was Wink

So Over/Under markets are those with cards, goals, etc. 1x2 markets is the one we mostly use I have seen people also call it outright markets. I used to like Goalscorer markets but there are some crazy ones all called "Special" now.

legendary
Activity: 3346
Merit: 1134
Leading Crypto Sports Betting & Casino Platform
December 24, 2024, 09:18:34 AM
#17
I just always call them "options" or sometimes "lines". I didn't really check how they are called literally because I didn't mind at all. Before, I had no idea about these options especially the Asian market because for me it was kind of confusing. It's just recently that someone made a thread about it and that's when I realized that it's easy to understand.
On Stake.com I see different names. There are Asian Lines (lines), and then there are Minute Markets (markets). So, I think it could be called both and you will still be understood by whoever is reading it especially a gambler.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
December 24, 2024, 07:33:56 AM
#16
This is simple. The odds are broken down for better understanding to the gambler.
1x2 is familiar to gamblers and it's called fraction odds.

No, it's not and please stop saying things you obviously don't know anything about.

Fraction odds are British odds, they represent the way the winnings are calculated, like this
6/4 , meaning you win  $25 for a $10 bet.
6/4 is the fractional odds for European odds of 2.5

1x2 is the bet you are taking it has nothing to do with fractions, it represents the results you're betting, home/away team or draw.
hero member
Activity: 560
Merit: 474
Fine by Time
December 22, 2024, 05:50:11 PM
#15
This is simple. The odds are broken down for better understanding to the gambler.

1x2 is familiar to gamblers and it's called fraction odds.

We also have an even market and uneven market.

The only confusing odds that i find difficult to know how it was originated is the Asian total. Up till now i have not yet know the reason for the name. Although I understand how the odds work and use them sometimes.
full member
Activity: 203
Merit: 106
🌀 Cosmic Casino
December 22, 2024, 12:58:07 PM
#14
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.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
December 22, 2024, 12:54:00 PM
#13
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?
legendary
Activity: 1512
Merit: 4795
Leading Crypto Sports Betting & Casino Platform
December 22, 2024, 12:20:59 PM
#12
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 derivatives

https://en.m.wikipedia.org/wiki/Prediction_market#:~:text=Prediction%20markets%2C%20also%20known%20as,the%20outcome%20of%20various%20events.
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