Definitions

Welcome to the another side of gain substantional ammont of money from bookmakers.

In thid page will be presented in order of importance general words and expressions used in the world of betting depends in the national or provincial laws, regulations and rules.

Make sure you read all the terms and conditions before you make any account on bookmakers!!!

 

bookmaker a person who directly or indirectly lays fixed odds bets or open bets with members of the public or other bookmakers, or takes such bets with other bookmakers or with the holder of a totalisator licence;
customer a person who places a bet with a licensed bookmaker/totalisator operator. The words customer/punter/investor/bettor shall have a similar meaning;
match play any sporting event limited to two participants;
starting price a bet where the odds are the official fixed price of the selected contestant at the time of commencement of the event and the bet is successful when the selection is placed first in the event. Official fixed price may be subject to deductions and/or dead heats;
 stake the monetary outlay by the customer in placing a bet;
fixed odds bet a bet on one or more contingencies in which odds are agreed at the time the bet is placed;
fixed place bet a place bet at fixed odds agreed upon prior to the event subject to there being no deductions or dead heats;
fixed win bet a win bet at fixed odds agreed upon prior to the event subject to there being no deductions or dead heats;
place bet a bet on a participant being placed in accordance with the rules of the particular race, sporting event or contingency;
open bet I. a bet, other than a totalisator bet, taken by a bookmaker on one or more contingencies, in which no fixed odds are agreed at the time the bet is placed; or:

II. a bet in respect of which the payout is determined after the outcome of the contingency on which such a bet is struck became known, with reference to dividends generated by a totalisator;

totalisator bet a bet placed with a licensed totalisator in a system of betting in which the aggregate amount staked on such event or combination of events, after deduction from such aggregate amount of any amounts which may in terms of legislation be deducted there from, is divided amongst those persons who have made winning bets on any event or combination of events in proportion to the amounts staked by such persons in respect of such winning;
win bet any bet where the person who placed the bet correctly predicted the result of the event or contingency or combination thereof in respect of which the bet was placed;
win the profit portion of a winning bet;
withdrawal a participant has been withdrawn from a particular race or event prior to the start thereof;
other contingency any lawful event or contingency other than horse racing or a sporting contest;