Betting glossary

On rivalo.com you will find a wide selection of different types of bets.Among them certainly those that are not likely to be known to all friends of sports betting, but in terms of excitement are in no way inferior to the most popular bet types.
 
So you might have already found some very attractive odds while rummaging through our betting offer, but in the end were not quite sure to place an appropriate bet, because you are not familiar with all the bet types. Below we offer you a short description of all bets offered by Rivalo. Explanations of other common terms from the fascinating world of sports betting complete our glossary.
 
Should you miss a term, an explanation or have any other question about the glossary, please don’t hesitate to contact our customer support. Our professional staff will be glad to help you.
 
 
 
 
 
 
 

1


A numerical term for the Home team/player on a betting market or event. Commonly used on markets such as 1x2.
 
 

X


A term used for a Draw on a betting market or event. Commonly used on markets such as 1x2.
 
 

2


A numerical term for the Away team/player on a betting market or event. Commonly used on markets such as 1x2.
 
 

X:X


X:X is an selection within betting markets, it has a different meaning depending on the betting market it is listed in;
 
Correct Score - X:X in this market is a bet placed for the score of the match to be any score that is not listed
 
Halftime/Fulltime - X:X in this market means that the result of the match will be a Draw at Half Time & at Full Time
 
 

2-Way


2-Way is a type of betting market. This type of betting market would offer only two outcomes to place bets on. Examples of 2-Way markets are sports where a Draw is not possible, such as match winners for Tennis, Volleyball and Basketball.
 
 

3-Way


3-Way is a type of betting market. This type of market offers 3 possible outcomes to place bets on, with the Soccer market 1x2 being the prime example with 3 betting options offered to cover all possible results of the game with Home, Away and Draw.
 
 

Abandoned


If any event would start but not be completed, the event is considered to be Abandoned if it will not be resumed or completed. For betting purposes, matches that end early due to Retirements or Disqualications are referred to by these names, and not as Abandoned.
 
 

Banker


A team or player chosen as a Banker has to win and will be included in all combinations – all Banker selections in your bet must win otherwise all combinations of the bet will lose.
 
 

Bet Status


The Bet Status indicates what the current position is of any bet you place. The statuses are colour coded to let you know the status of a bet or individual selections at a glance, with the colour key seen in My Bets and on the Matrix.
 
Open - Betslip / Selection has no result and is unsettled
Won - Betslip / Selection has won and will be paid returns if required
Lost - Betslip / Selection has been unsuccessful and has lost
Sold - Betslip has been sold / cashed out before the final result is known
Cancelled - Betslip cancelled online by the customer or the event is postponed/abandoned
Paid Back - Betslip / Selection has been invalidated and made void after the initial result was applied
Invalid - Betslip / Selection is not valid
 
In Combi and System bets, each column will change colour to represent the individual result per selection.
 
 

Betslip


The Betslip is where any selections you choose from events and markets appear, and where you choose what type of bets and stakes to place.
 
The Betslip appears on the right side of the Rivalo website, and offers the chances of Single, Combi & System bets.
 
At the bottom of the betslip, below your chosen selections and bet types, there are different items of interest to be aware of;
 
Stake; This is the stake value you want to place on the bet itself (1 x Single / Combi]
Stake per bet; this is the individual stake for each bet type chosen from your selections, You must multiply the stake per bet by the number of bets shown to get your total stake
Number of bets; This is the number of bet types chosen in your betslip, this is only shown if you have more than 1 selection on your slip and looking at the Singles tab, or if you choose to place a System bet and choose from the bet types available
Max Payout; This is the potential winnings for the bet if every selection that you have chosen wins
Max Odds; This value is calculated from the max payout value divided by the stake / stake per bet amount
Total stake; this is the total cost of the bet based on the bet type(s) and stake per bet that you have chosen before
 
 

Bonus


A Bonus is an additional betting balance that is available to place bets with, and has a required Turnover to be met before it can a withdrawal can be made.
 
Rivalo offers a number of bonuses to eligible customers, with details found in the Promotions page.
 
 

Cash Out / Sell


Some betslips may have the option for a customer to sell or cash out the betslip for a loss or a profit before the final result(s) are known.
 
The value offered for the sale of the betslip depends on numerous factors including the current odds, score and time remaining in the event.
 
 

Clean Sheet


A Clean Sheet is achieved by a Team in any event where they do not concede any goals or points for the duration of the match. A Soccer match ending 3-0 would be referred to as a Clean Sheet for the home team.
 
 

Combination Bets (Combi)


Combination Bets (Shortened to Combi) is a bet type, and is a bet that is placed on 2 or more selections to win. The bet type itself requires all selections chosen to win for the bet to be considered successful.
 
Combination bets are also known as Accumulators.
 
 

Dead Heat


A Dead Heat is an outcome to a betting market where 2 or more competitors finish the event at the exact same time, or finish with the exact same scores with nothing left to separate their positions.
 
In the event of a Dead Heat, stakes for bets on both participants are considered as half lost, with half the stake winning and paid at the odds taken. If there are more than 2 participants involved, then the bet stakes are divided further according to the number of players involved.
 
 

Extra Time


Extra Time refers to a period of additional time played following a draw after the regular period of play is completed. This is most common for Soccer competitions where a winner is required, and scores are level after the 90 minutes scheduled time is completed.
 
Extra Time does not apply in regular bets that are placed for events unless specifically stated in the betting market, and must not be confused with added on or injury time that is added onto the 90 minutes .playing time to replace time lost during the regular gameplay.
 
 

Favourite


The Favourite is the team, player or driver considered to be the favourite on the betting market. The odds of this participant will be reflective of the status of them as the favourites, with the odds smaller for ones considered as stronger favourites.
 
 

Free Bet


A Free Bet may sometimes be offered to customers from Rivalo, and is an entirely free betting stake that will not be deducted from your account balance.
 
If a Free Bet is successful, then any winnings paid out will not include the free bet stake amount.
 
 

Handicap


A Handicap is a number of goals or points that is given as a head start to a team, or as a negative score to overcome for betting purposes.
 
The favourite team or player in an event would have a handicap that theoretically makes them start at a negative score, and must win the match from this point to make the bets on the handicap win.
 
The Underdog of an event would have a handicap that gives that team or player a head start, where they start with a score already registered for betting purposes, and must either win the game normally, or not lose by a score that overtakes the handicap given.
 
Handicaps markets are listed with various options of advantages or disadvantages applied, with 1:0 meaning the home side get a 1 goal start, 0,2 gives the away side a 2 goal start and so on.
 
For other sports, the handicap may show 3 fields, such as 0:1,5 or 2,5:0. This is for different handicaps where there is no option to bet on a draw and this is because there is a "half" point or goal applied so that after a handicap is applied, the scores cannot be tied.
 
0:1:5 is the away side with a 1,5 point start, 2,5:0 is the home side with a 2.5 point start.
 
 

Head-to-Head


Often displayed as H-2-H, this is betting on player v player/team v team on a 2-Way market. This is common across many sports and may not always be known as Head to Head but have the same overall meaning and requirements to win the bet.
 
 

Late Bet


In any instance where a bet is placed after the result of a market is known, after a goal or point has been scored, or after a significant event occurs that may affect the odds, is considered as a Late Bet.
 
 

Live Bets


Any bet placed from the Rivalo Live Betting area on an event that has started is considered as a Live Bet. For Live events, the odds update constantly to coincide with the status of the game and the current score.
 
When betting live, there is a delay applied to accepting any live bet to ensure there are no key changes in the event that would affect the outcome of the market you are betting on.
 
When you view a Live Bet in your My Bets section, the score of the event at the time you placed the bet will be shown.
 
 

Matrix


Matrix is a Rivalo term used to describe the breakdown of bets in the My Bets section of our website. The Matrix will show the breakdown of individual bets and is helpful to see all individual pay-outs for System bets where there will be more than 1 bet type placed.
 
 

Money Line


The Money Line is a name for 2-Way match result markets, and is often seen on Basketball, Ice Hockey, American Football & Baseball due to it being a common term for American competition sports.
 
The Money Line is the same as any other 2-Way match result market, it offers odds for the 2 participants only and does not include the option to bet on a draw, even if a draw is a possible result.
 
 

Odds


The Odds are what we use to show the customers the likelihood of certain outcomes happening in betting markets. Every outcome that we offer betting markets for has its own individual odds available. The size of the odds, high or low, represent the chances of that outcome happening.
 
 

Outright


This is a type of betting market, and is generally applicable to the overall competition rather than individual events. You can place bets on who will win groups, leagues, stages, competitions and cups - these are known as Outright bets.
 
 

Overtime


Overtime, similar to Extra Time, is an additional period of play that takes place after the scheduled regular time for an event is completed.
 
Unlike Extra Time, Overtime is very common in numerous sports for regular league games. American Football & Basketball are two sports where Overtime takes place regularly after the normal time period is played.
 
 

Palpable Error


Where the odds for a single selection or an entire market are published incorrectly, this is known as a Palpable Error or an Obvious Error.
 
 

Payout


As opposed to Stakes - A payout is the value paid out for a successful or sold betslip.
 
 

Place


The betting term of Place can apply to a result and as a specific betting market. Rivalo do not apply Place as a result, and offer the market of Place on certain Outright betting markets.
 
The Place market, common on Outright for Motorsport, allows you to bet on a participant to finish in the stated number of places at the end of the race.
 
 

Point Spread


The Point Spread is the American term used to described the Handicap market for sports events.
 
Point Spread is the equivalent of a 2-Way Handicap market on any event, and is therefore more common in the NFL, NBA, NHL and other American Sports and leagues from the same sports.
 
 

Postponed


An event that is rescheduled due to reasons such as weather conditions or safety concerns is considered a Postponed event, the event will generally take place at a future time as determined by the relevant leagues governing body.
 
 

Retirement


Any participant in a player specific event or competition that would be forced to withdraw due to injury or other circumstances will be classed as a Retirement.
 
A player considered as retired has different impacts on bets placed depending on whether the bet is on a single event, or on an Outright market for the specific competition.
 
 

Risk Free Bet


A Risk Free bet is a promotion where the customer places a bet with their own funds, selecting the Risk Free Bet option in the betslip. If the bet wins the returns are paid in full. If the bet loses, then the stake is refunded to the customers account as withdrawable funds.
 
 

Run Line


The Run Line term is another American term and is specific to Baseball. The Run Line term is the same as Point Spread and Handicaps on other sports, and refers to the Run Handicap on the individual event.
 
 

Season Bets


Season Bets are another type of betting market, and are similar to Outright bets, as they can be considered to be the same type of market as they both apply to an entire competition rather than individual events.
 
Some examples of Season Bets are Top Goalscorer, Teams to be Promoted or Relegated and Finishing Positions. League and Cup winner markets are better known as the previously mentioned Outright markets.
 
 

Selection(s)


A Selection is the choice you make from a betting market to place your bet on, each selection will have its own individual odds. Any team you choose to win, player you choose to score, goals over or under and so on, are all considered as Selections.
 
 

Single Bet


A Single Bet is a bet on one selection to win from the market you have chosen. A Single bet is beneficial as you only require one result to go your way to be successful, however the potential returns and profit can be less due to it only being on single selection. 
 
 

Special Bets


Special Bets are markets that are not available regularly. These can be markets on individual events or groups of events in specific leagues or competitions, or be completely new markets for events such as Politics, Television shows or Awards Ceremonies.
 
 

Stake


Stake is the total value of the betslip you want to place, and is the cost for you to place the bet.
 
 

System bets


With System bets, which is an available betslip type, you have the chance to place several combinations of bets on different teams in the same betslip. From a chosen number of teams, you can bet on each team to win individually in separate bets, all combinations of 2 teams winning, 3 teams winning and so on.
 
The below are the System bets available and how they work with 4 teams added to the betslip;
 
1 x Combin. (4 bets) – 4 separate bets on each team to win
 
2 x Combin. (6 bets) – Combinations of any 2 teams from the 4 to win, this is 6 bets in total due to 6 possible 2 team combinations
 
3 x Combin. (4 bets) - Combinations of any 3 teams from the 4 to win, this is 4 bets in total due to 4 possible 3 team combinations
 
4 x Combin. (1 bet) – 1 bet on all 4 teams in the betslip to win
 
Depending on the number of teams you choose, the number of combination types available will change. The number of bets for each combination are displayed on the betslip, and you simply multiply the relevant options by your stake to calculate your total stake for all bets you want to place.
 
System bets can be a complicated type of betting, and it is recommended to only be used should the concept be fully understood before attempting to place these types of bets.
 
 

System Bets with Bankers


An additional option is available when placing system bets, these are known as Bankers. A Banker selection must win otherwise the entire bet loses. To make a team/player a Banker, you must click the ‘B’ on the betslip to left of the participant’s name; when the ‘B’ is black fill with white text, this selection is a chosen Banker.
 
 
 
The Banker is included within all combinations of bets, which is why the entire bet loses if the Banker(s) are not successful. The number of combination bets available changes when you add one or more teams as a Banker, due to them being included in every possible combination.
 
Example;
With 5 teams on the betslip, a normal system bet gives 4 bet types based on the different combinations of 1/2/3/4 teams.
 
With Bankers chosen, the system bet types available change to suit both Bankers being in every bet type. The combination bets available when 2 bankers are chosen from 5 teams on the slip is below as an example;
 
2 x Combin. (1 bet) – 1 Combi on the 2 Bankers to win
 
3 x Combin. (3 bets) – Combis of the 2 Bankers to win with any 1 of the other 3 teams to win (3 team combis)
 
4 x Combin (4 bets) – Combis of the 2 Bankers to win with any 2 of the other 3 teams to win (4 team combis)
 
5 x Combin. (1 bet) – Combi for all selected teams to win, including Bankers; this is the same as a normal system bet for all teams to win.
 
For more teams added to the betslip and more Bankers chosen, the combination bet types available will change to match.
 
Once the Bankers are selected and the bet type chosen, the calculation of winnings and the settlement of the bet is the same as a normal system bet, remembering that any Banker selection(s) have to win or the bet will lose.
 
 

Totals


Totals, in general, would refer to the goals or points tally in a sports event. It can also be used to describe any betting market that offers you a chance to bet above or below a total number of a specific item occurring, such as corners & cards in Soccer, rebounds in Basketball or Rushing Yards in American Football.
 
 

Turnover


Turnover is the total value of stakes that need to be placed in order to complete a bonus. The value of total stakes depends on the bonus, deposit value and specific turnover requirements, and only bets at the minimum odds required will count towards the turnover.
 
Please review the terms and conditions of each bonus for full confirmation of turnover requirements.
 
 

Underdog


The Underdog is the opposite to the Favourite for a sports event, and is considered to be the outsider not expected to win the event. The odds for the Underdog will reflect the outside chances of success.
 
 

Walkover


A Walkover, sometimes stated as W.O, is the awarding of victory to a team, player or pairing due to there being no opponent to face, or due to the scheduled opponents being disqualified from the event or have retired from the competition.
 
 
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