Betting Terms
A glossary of all the betting terms you need to understand the world of online betting and gambling in general...
B
Bar Price
Usually used as helpful shorthand when talking about large field events, with long lists of participants. It refers to the odds of all those at the last quoted price and bigger. An example might be odds to win the English Premier League, which would read: 2/1 Manchester United, 3/1 Liverpool, 5/1 Arsenal, 8/1 Newcastle, 12/1 BAR. This shows that every other team in the betting list has odds of 12/1 or bigger.Best Book
Term used for referring to the market which had the lowest over-round or book percentage figure. There is an entire section on oddschecker dedicated to finding which markets have the "best book" and therefore, the best margin for the punter.Bet Slip
i) Details of a bet written out and usually held by the punter as receipt of a transaction in a betting shop.ii) A screen for the same purpose where you can check the details of a bet before placement in online betting. This should state the event, selection and odds. You can normally log in to your account from the bet slip screen when betting online to speed up the betting process.