New to sports betting on 8xbet? You may have come across terms like “odds,” “accumulator,” or “handicap” and wondered what they mean. Understanding the language of betting is key to making smarter decisions and having more fun. This guide breaks down the most common sports betting terms used on 8xbet, explained simply for beginners.
Odds
Odds represent the probability of an event happening and determine how much you’ll win. Odds can be displayed in different formats:
- Decimal (e.g., 2.00)
- Fractional (e.g., 1/1)
- American (e.g., +100)
On 8xbet, you can choose your preferred format in the settings.
Stake
The amount of money you bet. For example, if you stake $10 on a team to win and the odds are 2.00, your potential return is $20.
Payout
Your total return if your bet wins. It includes your original stake plus the profit. Using the above example: $10 stake × 2.00 odds = $20 payout.
Accumulator (Parlay)
A bet that combines two or more selections. All selections must win for you to win the bet. The odds multiply, leading to bigger payouts, but also more risk.
Single Bet
A straightforward bet on one event. Easier to understand and perfect for beginners on 8xbet.
Handicap Betting
A form of betting where one team is given an advantage or disadvantage. For example, if a football team is -1, they must win by 2 goals for the bet to win. Used to balance odds between mismatched teams.
Over/Under
You bet on whether the total number of goals/points in a match will be over or under a specific number. Example: Over 2.5 goals means the game must have 3 or more goals for your bet to win.
Live Betting (In-Play)
Placing bets while the game is already in progress. 8xbet offers fast odds updates, letting you react to the action as it unfolds.
Cash Out
A feature that lets you end your bet before the event finishes. Use it to secure a profit or cut your losses.
Bankroll
The total amount of money you have set aside for betting. Smart bettors manage their bankroll carefully and never risk too much on a single event.
Favorite and Underdog
- Favorite: The team expected to win (lower odds).
- Underdog: The team expected to lose (higher odds but bigger payout if they win).
Draw (Tie)
If you’re betting on sports like football, you can also bet on a draw (no winner). Some bets may be refunded if the match ends in a draw, depending on the market you chose.
Free Bet
A promotional offer on 8xbet allowing you to place a bet without using your own money. Usually comes with terms like minimum odds or specific markets.