As a person who is venturing into the world of online sports betting most likely on a site like Play99Exch, there are a few words to familiarize yourself with regarding the betting environment. You can consider yourself a new one or a person who wants to brush up the facts and then this blog is going to take you through the important betting terms and make your decisions smarter and the experience at the Play99Exch be remarkable.
1. Betting Odds
The gist of a bet is the odds. They are the likelihood of a particular result and define the amount you will get. At Play99Exch, the odds that appear, such as numbers will be displayed in a format such as decimal or fractional, which will show how much you stand to win.
Decimal Odds: To take an example, odds of 2.00 will pay out 200 (200 = 100 x 2.00).
Fractional Odds: Odds of 3 /1 indicate you will get 300 Rs. to each 100 Rs. you put in.
2. Stake
The stake is money one bets. On Play99Exch, you can stake too much or too little depending on what your betting budget is which is a wise expenditure of your betting bankroll.
3. Lay Bet & Back Bet
Back: You bet that a given event occur (e.g. Team A will win).
Lay Bet: You are betting against an event (e.g. the team A will fail to win). Play99Exch specializes in exchange betting and the users are allowed to bet both types of bets.
4. In-Play Betting
It is also called live betting and this is where you can place bets as a match or event is taking place. Play99Exch offer live odds such that you can bet depending on live performance.
5. Accumulator (Parlay) Bet
It is only one bet with a number of combinations. The accumulator will only be successful when all the selections are won. The payouts are significantly high; they are also riskier.
6. Bankroll
The sum of money that you have reserved to bet is called your bankroll. Play99 Exch gives you the option of controlling and monitoring your bankroll by using your dashboard.
7. Market
A market represents a certain type of the bet on the event. In a case of a cricket game:
- Match Winner: Who is going to win the match?
- Total Runs: Will the combined score be more or less than some amount?
Play99Exch provides a wide range of market places in such games as cricket, football, tennis and others.
8. Commission
The golden rule is that Play99Exch might take minimal commission on winnings, more so on exchange betting. This assists in having a fair and competitive platform.
9. Cash Out
This aspect enables you to cash out your bet either to cash in or to reduce your losses. Cash out is unavailable on all markets or bets.
10. Void Bet
A void bet implies that the bet was canceled, usually because of the unpredictable factors occurring (weather, etc). The amount of your stake is normally returned.
Why Knowing These Terms Matters on Play99Exch
Learning some of these terms can assist you in:
- Take educated wagering decisions.
- Learn the value of bet on payout.
- Browse along the Play99Exch site.
- Improve your action plan and decrease the risk of needless losses.
Final Thoughts
It is much more pleasant and fruitful to bet on play99exch, when you know the main language of the betting. Remember this glossary when you log in next time and you will be more confident using the platform.
Want to test your knowledge? Sign up at Play99Exch, choose your betting capabilities and apply the knowledge you acquired, and make better bets!
