Betting terms you should know
Know about all betting terms before placing your bets on your favourite teams, leagues and players at Housebets.com.
Know about all betting terms before placing your bets on your favourite teams, leagues and players at Housebets.com.
Betting on Housebets.com is fun as it allows you to make money from your favourite clubs, teams and players.
However, before you start placing those bets, it is important you get familiar with some betting terminologies.
Betting Terminologies
Bet
No better word to start than Bet. Bet simply refers to putting a certain amount of money on a particular sporting event with the aim of winning if your bet is successful. It could sometimes be called stake too.
Odds
This is simply the chance or probability of an event happening. It is usually in numbers, but either as a decimal, fraction or American format.
Calculating what you can win from a particular odd is also pretty easy.
For example, if you put $20 on an odd of 2.00 and your bet is successful, you will get a total of $40 in return, i.e. your original stake and the profit.
Understanding how odds work is important before you start placing bets.
Betting Markets
This refers to the different options you can bet on for a particular event. There are different types of markets for each sport, but there is one that is available in all sports and that is the moneyline.
Moneyline
The moneyline market is simply a bet you place on the winner of a particular event. Eg: You can bet on Everton to beat Manchester United.
Cashout
This happens when a player or a bettor takes his/her money before the event he/she selects is decided.
Payout
A payout happens when a player receives his winnings from a bet he placed. However, for a player to receive a payout, his/her bet must be successful.
Also, the payout depends on the number of games, betting amount and odds of the particular event.
Prop Bet
A Proposition bet, aka Prop Bet, is a type of bet that does not have anything to do with the game’s outcome.
In other words, you are betting on a particular aspect of the game irrespective of the final result.
Parlay/Accumulator
An accumulator or parlay is a term used when a player places multiple bets on a single betting slip.
Can I find all these markets and bets at Housebets?
Yes, Housebets have these markets and it is also a perfect platform for newbies who love to bet on their favourite teams, players and leagues.
How do I deposit to fund my bets at Housebets?
It’s easy and simple as long as you follow the simple steps below:
- Go to Housebets.com
- Log into your account or sign up if you don't have an account
- Click on Wallet
- Click on Deposit
- Click here to view and select your preferred Cryptocurrency
- Choose your preferred Cryptocurrency and network
- Copy the Wallet address or scan the QR code and transfer from your wallet.
- Coins will be deposited automatically after 6 network confirmations.
Why should you choose housebets?
Housebets has some of the best offers on the site and amazing bonuses including, a 200% welcome bonus and a chance to pre-mine $1M of tokens. Also, you get to enjoy easy transactions.
You can deposit into your account with any preferred currency of your choice with a fast payout option on winnings.
There is a wide range of casino games to choose from. In the sportsbook section, you can also bet on live events, tennis, American Football, Soccer, Basketball, and other sports.
