Betting has become a popular pastime in Kenya in recent years, and with the rise of online betting platforms, more and more people are trying their luck in the betting world. However, for beginners, the world of betting can be quite daunting, especially with all the technical jargon and terms that are used in the industry. In this blog post, we will be discussing 10 betting terms every Kenyan punter should know.
Odds
Odds are a numerical expression that indicates the likelihood of a specific outcome occurring. In the betting world, odds are used to determine the potential payout of a bet. Higher odds indicate a lower probability of winning but a higher potential payout, while lower odds indicate a higher probability of winning but a lower potential payout.
Stake
Stake is the amount of money a punter places on a bet. It is the total amount of money that the punter risks losing if the bet is unsuccessful.
Bankroll
A bankroll is the total amount of money that a punter has available for betting. It is important to manage your bankroll effectively to ensure that you don’t run out of money while betting.
Handicap
A handicap is a system used to level the playing field in a betting market. It is used when one team or player is considered to be significantly better than their opponent. The handicap adds or subtracts points from the final score to create a more even betting market.
Accumulator
An accumulator is a type of bet that combines multiple individual bets into one larger bet. The potential payout of an accumulator is higher than the potential payout of individual bets, but all bets in the accumulator must be successful for the punter to win.
In-play betting
In-play betting is a type of betting that allows punters to place bets while a game or event is in progress. This type of betting is popular because it allows punters to react to changes in the game and adjust their bets accordingly.
Cash out
Cash out is a feature offered by some betting platforms that allows punters to settle a bet before the game or event has ended. The amount of money that the punter receives is based on the current odds and the likelihood of the bet being successful.
Over/under
Over/under is a type of bet that involves predicting whether the total number of points or goals scored in a game will be over or under a specific number.
Favorite
The favorite is the team or player that is expected to win a game or event. In betting markets, the favorite usually has lower odds than their opponent.
Underdog
The underdog is the team or player that is expected to lose a game or event. In betting markets, the underdog usually has higher odds than their opponent.
