If you don’t know your Asian handicaps from your reverse forecasts, if you confuse your Yankees and your Double Results, and if you think a Super Heinz is an extra large tin of baked beans … welcome to our A-Z Gambling Glossary, you’ve come to the right place!
Fractional: 3/1 – basically means you put on £1.00, if it wins, you get back £3.00, plus your original £1.00 stake, thus, £4.00. Easy, right?
Decimal: okay, grab a calculator. No, I’m serious, it’s much easier if you have a calculator. Actually, there will probably be one in the accessories on the computer on your computer. Load it up, and I’ll go on. Okay, decimal odds are the first number of fractional odds divided by the second, plus 1. For example, 10/1 would be 11 in decimal odds. 5/2 would be 3.5, 2/5 would be 1.4 et cetera. Easy, right?
The bookmaker, Sporting Index being Britain’s largest example, will offer a spread, or prediction, on any given result. They might decide that Everton will beat Liverpool by 0.8-1.1 goals and then offer clients the choice of higher (buying) or lower (selling). In reality this means they expect Everton to win by 1 goal. If you think Everton will win by more you would buy at 1.1. If your stake is £10 and Everton win by 2 goals then your profit is 2 (the result, known as make-up) minus 1.1 (the price you bought at) multiplied by £10, therefore £9. However, should Liverpool win, for example by 2 goals, the make-up is minus 2, so your loss is 3.1 multiplied by £10 – £31.
Spread betting is highly volatile and can lead to large gains or losses but offers a wider range of bets than fixed odds betting and often maintains higher interest in the event as every goal or corner or booking affects your ultimate profit (or loss).