With sports betting, there are wide variety of different terms used to describe different markets, results or bet types. Sometimes there may be more than one term to describe the same thing.
In this page, the Katarbet Betting Glossary, we explain some of the most common terms that are used both specifically by TotoboPlatinium, and those that are used all around the betting industry.
At Katarbet , we are always looking for ways to improve our service and information, and we will update this page with necessary terms that are related to new Sports & Markets that we will offer. If you have any feedback or ideas about this or any other Katarbet page, please contact our Customer Service Team who will be glad to help.
A numerical term for the Home team/player on a betting market or event. Commonly used on markets such as 1x2.
A term used for a Draw on a betting market or event. Commonly used on markets such as 1x2.
A numerical term for the Away team/player on a betting market or event. Commonly used on markets such as 1x2.
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 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.
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 - Bet slip / Selection has no result and is unsettled
Won - Bet slip / Selection has won and will be paid returns if required
Lost - Bet slip / Selection has been unsuccessful and has lost
Sold - Bet slip has been sold / cashed out before the final result is known
Cancelled - Bet slip cancelled online by the customer or the event is postponed/abandoned
Paid Back - Bet slip / Selection has been invalidated and made void after the initial result was applied
Invalid - et slip / Selection is not valid
Refused - The bet slip was refused by the traders after a bet request was sent, or the offered stake from the traders was refused by the customer There are also some temporary bet statuses that you may or may not see on the Bahigo website, and these are generally seen when you submit bet requests from the bet slip;
Requested- The bet slip has been sent to the traders as a bet request and is waiting for review / response
Part-approved - The bet slip sent as a bet request was not accepted in full, but the traders have offered a lower stake
The bet fee is the amount you place to make a bet and is the amount you have to pay in order to place your bet.
A team or player selected as a counter must win their matches and will be added to the calculations in all combinations. You must hold all the banks in your bet slip, otherwise all combinations on your slip will be lost.
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.
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.
Katarbet offers a number of bonuses to eligible customers, with details found in the Promotions page.
Some coupons may have the option to "Sell Coupons" before the event is over. The value of the coupon to be sold depends on some factors such as the odds, the score and the remaining time.
In a competition or competition, the removal of the player / contestant from the game due to injury or different situations is considered an injury.
The fact that a player can be considered injured has different effects depending on the single bet or a specific Outright match.
The conversion is the total value of all payments required to complete the bonus. The value of the total payments; It depends on the specific wagering terms, deposit value and bonus, and only the minimum rates set will count from the wagering.
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.
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.
Any competition that has to be changed due to weather or security reasons is considered as a postponed competition, these competitions will be played on a date to be decided by the authorities of the respective leagues.
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.
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.
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.
Gain: The amount obtained from the bet won or sold.
Combination bets consist of at least 2 different bets or games. All selected games for betting must be won in order for the coupon to win.
The match winner is both a term and a type of BET in Totoboplatinium.
match winner is a term used to indicate the winner in any sporting event. (two participants - team/player).
As a bet type, it can be either a 2-way or a 3-way bet that makes it possible to bet on a draw (X).
Matrix is a Katarbet 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.
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.
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.
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.
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.
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.
A Risk Free bet is a promotion where the customer places a bet with his 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 non-withdrawable funds.
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.
Virtual Sports are betting opportunities offered on computer generated events such as Soccer, Basketball & Tennis.
The markets, odds and bets placed are the same as normal, however the event itself is a simulation, with the results of each event shown on the screen once the event has concluded; the same result being used for settlement of bets.
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.
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.
The ranking can be applied according to the result of a bet and the specific betting event. Katarbet does not apply ranking as a result and does not give ranking in certain Outright betting competitions.
In ranked bets, Outright Motorsports allows participants to bet on places specified to finish at the end of the race.
In a competition that has started but is not completed, the competition is considered abandoned, if there is any disqualification or removal from the game.
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.
A clean sheet means that a team prevents the opposing team's goals during the match and does not score. When a football match ends 3: 0, it means that the home team does a Clean Sheet.
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.
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.
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.
Sometimes W.O. Also known as Walkover;It is the name given to a team, player or match in cases where there is no opponent to be faced with or the opponent to be matched is eliminated or withdrawn for any reason.