Betting Glossary

ADM

The Customs and Monopolies Agency (ADM) is a public body and one of the three tax agencies handling operational activities previously assigned to the Department of the Treasury. It has replaced the AAMS (Autonomous Administration of State Monopolies), which was responsible for the national management of betting, gambling, and lotteries in Italy. The ADM also issues regulations governing betting and grants licenses to bookmakers operating in Italy.

Antepost

For the meaning of antepost betting, visit the section dedicated to betting types in soccer.

B

Bankroll

The term "bankroll" refers to the available funds a bettor has to invest in a specific gambling strategy. Depending on the outcomes of the placed bets, the bankroll can increase or decrease.

Betting Exchange

A betting exchange, also known as Back & Lay, is a variation of traditional betting that allows players to act as bookmakers and set their own odds. We cover this topic in detail in our guide to betting exchange sites.

Welcome Bonus

These days, all the sportsbooks in the betting industry offer enticing promotions for new users, commonly referred to as welcome bonuses. These can vary widely: they typically come in the form of percentages, usually 50% or 100%, applied to your first deposit or first bet, or they might include refunds on losing bets over a certain period. For more details, check out the review on sportsbook bonuses.

Bookmaker (or Bookie)

The term bookmaker, often shortened to bookie, is used in English to refer to those operators who offer betting with fixed or variable odds on sports events and more. Bookies can accept bets both at physical locations and online. To operate in the U.S., they need to be licensed: legal bookmakers can be recognized by their official licenses and website domains. Check out the best bookmakers on our homepage.

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C

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Corner Kicks (Betting)

Corner kick betting refers to all the markets offered by bookmakers related to the corners taken during a match. Some examples might include Total Corners Over/Under 5 or O/U [n] corners.

Canadian or Super Yankee (betting system)

The Canadian, also known as Super Yankee, is a type of system bet that includes 5 events and a total of 26 bets. For more details, see the section on System Bets.

Yellow and Red Cards

Betting on yellow and red cards is a unique market where you need to predict the value of yellow and red cards shown during the regulation time of a match. It's not about the actual number of cards issued, but rather their values. You'll tally their points, counting 1 point for each yellow card and 2 points for each red card.

Cashout

Cashout is a gaming option, originally introduced by Betfair in its betting exchange, that allows a player to withdraw potential winnings before the event they bet on concludes. This option is popular abroad for traditional betting as well and is gaining traction in the U.S.

Column

In betting, a column refers to a combination of events within a bet placed using a system format. For each column, the minimum bet amount can range from $0.05 to $0.25.

Combo Bet

Combo bets are combinations of different markets offered by top bookmakers, allowing you to merge two predictions on the same event. Some examples include Final Result + Over/Under, Both Teams to Score + Over/Under, or Over/Under + Both Teams to Score, all of which are detailed on the page about types of soccer bets.

Licensees

Licensees are all operators who have been granted a license by the ADM to offer betting services in Italy. You can check the complete list of licensees on the Customs and Monopolies Agency website.

Gaming Account

The gaming account is the personal profile that users must create to start betting on any site. In the account's personal area, you can typically check your status, make deposits and withdrawals, and get an overview of your placed bets. As required by current regulations, the account must be validated by submitting a copy of an identification document, which is necessary to withdraw any winnings.

D

Deposit

A deposit is the action that allows you to add funds to a betting account so you can place wagers. There are several deposit methods available: the most common are credit and debit cards, e-wallets, prepaid cards, and bank transfers.

Double Chance

For the definition of this type of bet, please refer to our guide dedicated entirely to Double Chance betting.