Edge: an advantage. Example sentence: The Baltimore Ravens have the advantage as they are playing at home versus the Detroit Lions.
Even Money: is a wager were the odds are 1 to 1. Example sentence: It was even money bet on the Pittsburgh Steelers to win as I bet $40 to win $40.
Exotic: non-traditional wager. Example sentence: I was speaking to my bookie and apparently you can bet on who will be the next president, now that’s an exotic wager.
Exposure: is the total amount of cash a sportsbook could lose on a match.
Each Way: it’s a wager on a team or player to win and also place.
Favorite: the team or competitor who the majority of people believe will win. Example sentence: The majority of the action is on the Germans to win the world cup soccer match against England, the Germans are the favorites in that match.
Fixed Game: is a match where the participants abuse their position and use unethical and or unorthodox methods to adjust the outcome of the game. Example sentence: I was speaking to my mate at the Pub and apparently the he made a killing on some college basketball game because he knew the game was fixed.
Fixed Odds: a fixed odd means your payout for that wager will not change even if the odds do. Whatever is on the ticket is the odds and payout you will get at the result.
Field: refers to the competition in an event. Example sentence: In today’s local horse racing there was 10 horses in the field.
Flag: is a wager that has twenty-three bets.
First Half Bet: a wager is placed only on the outcome of the first half. Example sentence: I placed a wager on the rugby team I was backing would be leading the scoreboard at the end of the first half, If I am right I will win my wager.
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