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A short for arbitrator. This is a bettor who uses the variations in odds and bets on different outcomes of the same event on different betting sites, guranteeing himself a profit.

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Refers to the bet that you are most confident about (there is no such thing as a guaranteed win in any betting circumstance – it’s important to understand that any wager can lose). It’s important to do your research and select a team which is likely to win. You don’t want your banker team to let you down. The great thing about the modern world of football is that you can more often than not rely on the top teams to win their games.

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Betting runner who places bets for professional bettors so that they can hide their identity from bookmakers. Several reasons make someone use a beard rather than just placing a bet themselves.  Here are a few of the most common: It is possible for a player who has been banned from one betting website or retail betting shop to use a beard to place wagers for them. Perhaps this particular bookmaker offers the most competitive odds, or an unusual type of bet, or a sport that can’t be found anywhere else.  As a rule, if you are involved in a particular sport at a certain level (players, coaches, officials, etc) you are not allowed to bet on it. The same applies to the staff at bookmakers. The repercussions of getting caught would be quite severe, but if one of these people desperately needed to place a wager, they could use a beard.  The local resident may not want to be seen placing a wager against his or her home team. They could use a beard who is an out-of-towner and wouldn’t be recognised.  Most betting companies have limits on their games and sportsbooks. For example, if someone wanted to make a £30,000 wager but could only stake £15,000, he or she could hire a beard to make the other $15,000 wager.  Many betting companies have a list of restricted countries where you aren’t allowed to bet online. If someone living in one of these countries wanted to place an online wager, they could hire a beard in an unrestricted country to place bets for them.

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Both Teams to Score, or ‘BTTS’ as it is often abbreviated, is a bet that requires each team to score during a match in order to win. In fact, it’s a parlay consisting of two wagers - Team 1 to score/not to score and Team 2 to score/not to score.  This type is divided into ‘BTTS - yes’ and ‘BTTS - no’. If at least one goal is scored by both teams, the first wager is seen as profitable. Negative (second) wager wins if at least one of the teams does not excel in the match. Otherwise, failure is what will happen. The system particularly applies to full time. Extra time and penalties are not included in calculation.

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An alternate line is a spread or total that is a derivative of the standard  betting market. These lines will be higher or lower than the main line being offered at (or around) -110 odds. Alternative lines that have a higher win probability will have shorter odds. Vice-versa, alternative lines with a lower chance of winning will have longer odds. An example of an Alternate Line is an Alternate Total for Match Score which offers a higher or lower total with odds changing accordingly (such as in NFL a Total being 50.5 -110 and an Alternate Total being 49.5 -167). It can also be used in spread/line betting in the form of an Alternate Handicap which offers a higher or lower spread/line (such as in NBA a team being +4.5 -110 and an Alternate Handicap being +5.5 -167).  

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The term chalk in sports betting simply means that side of the bet is the favorite – usually a very heavy, or strong, favorite – to win that side of the bet. This can be a team, a player/individual, a statistical outcome or a horse. Strong favorites are typically tied to very low odds, in the -300, -400, -500 variety. That means to win $100 on betting on that heavy favorite – or chalk play – you’d have to spend $300 (on -300 odds), $400 (on -400 odds) or $500 (on -500 odds) to have a return of $100 in winnings. Obviously that’s not a huge return on your investment.

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