5 Betfair Exchange Trading for Beginners: Betfair Trading Jargon
Betfair Trading Jargon
Now you have the basics of how Betfair trading works we can start to delve into some of the trading speak you will see being mentioned all over the web, don’t worry by the end of this section you will know what B2L, DOB’s and all about Ticks…. No they aren’t what you think!!
Back – Bet on something, so betting for it to happen
Lay – Bet against something, so betting on it not to happen
Market – The place on Betfair where you can bet on an outcome, one event can have multiple markets such as: Race winner, To Be Placed etc.
Tick – This is the difference between available price increments, the value of a tick depends on the size of the odds. At prices lower than 2.00 the value of a tick is 0.01. Above evens is 0.02 and it gradually increases to 0.2 as the odds increase.
B2L – This means you will be backing first with the aim the lay lower.
L2B – This means you will be laying first with the aim to back higher.
Pre match/race – Before the event starts.
In-Play – While the event is in play.
LTD – Lay the draw (bet against a draw)
CS – Correct Score (the current score in a football match)
LCS – Lay Correct Score (lay the current score in a football match)
FHG – First half goal (a goal to be scored in the first half of a match)
FHCS – First half correct score
O0.5, O1.5 or O2.5 etc – O means Over (so over 0.5, 1.5, 2.5 goals etc)
U0.5, U1.5 or U2.5 etc – U means Under (so under 0.5, 1.5, 2.5 goals etc)
HT – Half-Time
FT – Full Time
BTTS – Both teams to score (in a football match)
DOB – Double or Bust 100% profit or 100% loss (often used in horse racing)
Dobbing – Backing a horse and either hedging in running for a 100% profit or letting it run for a 100% loss loss if it does not half in price.
Scalping – Short term backing or laying for a short period of time with the aim to take smaller price movements in quick succession.
That covers most of the terms that you will initially come across on your Betfair trading journey, if there any that you have seen and think we have missed then please get in touch, if not lets move onto the next stage of the guide.
#Betfair #BetfairExchange
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