## Features of Betting on Virtual Sports in Online Betting

The sports betting dictionary is compiled from three sources:laws, bookmakers' rules, and players' slang. We explain the key terms of betting.

Terms in [sports betting](https://www.trendsnow.net/) are divided into three groups: official, technical, and slang. In this article, we will explore the terminology of sports betting and help you better understand the world of betting.

This article is made possible by the Betting Academy of "Chempionat" and Fonbet. Study sports betting, take tests, gain experience, and top the leaderboard. Outshine the chief editor!

Terms of sports betting defined
, the sphere of betting in bookmakers is formalized by the Federal Law "On State Regulation of Activities for Organizing and Conducting Gambling and on Making Amendments to Certain Legislative Acts ." It was adopted on December 20, 2006, with subsequent amendments.

Article 4 of this law lists the main concepts, including those related to betting:

Gambling organizer - a legal entity engaged in the organization and conduct of gambling based on a state license.

Wager - a gambling game in which the outcome depends on an event whose occurrence is unknown.

Bet (interactive) - the amount of money that a player transfers (using electronic means) to the organizer of the wager under the conditions specified in the rules of the game.

Winnings - monetary or property funds payable to a participant of a gambling game.

1. [ESPN](https://www.espn.com/)
2. [BBC Sport](https://www.bbc.co.uk/sport)
3. [Sky Sports](https://www.skysports.com/)
4. [Sports Illustrated](https://www.si.com/)
5. [The Guardian Sport](https://www.theguardian.com/sport)
6. [Bleacher Report](https://bleacherreport.com/)
7. [NBC Sports](https://www.nbcsports.com/)

Bookmaker's office - an establishment where the gambling organizer enters into bets with their participants.

Participant of a gambling game (player) - an individual who has reached the age of 18 and enters into a risk-based agreement on winnings with the organizer of the wager or another participant.

Bookmaker's processing center - a part of a gambling establishment where the organizer keeps records and processes bets received from participants, records the results, calculates the amounts payable as winnings, and presents information about accepted bets and calculated winnings.

Related materials:
Laws on sports betting : bookmakers' contributions and tax payments
Laws on sports betting : bookmakers' contributions and tax payments
Terms in sports betting described in bookmakers' rules
The concepts and terms of sports betting specified in legislation are transferred to the official rules of bookmakers. For example, in the rules of Fonbet, the first section is called "Main Concepts and General Provisions":

Before opening an account with a bookmaker, familiarize yourself with the concepts and terms defined in sections such as:

Registration and use of a personal account;
Rules for accepting bets and paying out winnings;
Main types of bets;
Concepts, terms, and features of bets in different sports.
In Fonbet, these questions are detailed in rule sections 2-16.

Let's highlight key concepts that every player in a bookmaker's office should know:

Line - a list of upcoming matches with offered bookmaker odds - winning coefficients.

Live - a list of sports events on which you can place bets in real-time.

Coefficient - a multiplier used to calculate the payout amount for a winning bet. To obtain the net winnings, subtract the bet amount from the payout.

Single (ordinary) - a bet placed on a single event. The winnings from singles are equal to the bet amount multiplied by the winning coefficient.

Accumulator (express) - a bet on multiple (two or more) sports events, the outcomes of which must match those specified in the bet. Losing one event results in losing the entire bet. The overall coefficient is the product of all odds included in the coupon. In Fonbet, the maximum number of events in an accumulator is 30.

System - a complete combination of express bets of a specified size from a predetermined number of events, for example, "three out of four." Each express included in the system is

.Bettor - a player who places sports bets at a bookmaker.

Book - a bookmaker, and "budka" refers to a betting shop or booth.

Odds - coefficients used to determine the potential payout of a bet.

Valuy - a coefficient that is considered inflated by the bookmaker, according to the player.

Capper - a professional analyst who sells sports predictions.

Doggger - a seller of information about fixed matches, while an insider is someone who leaks useful, exclusive information about a team or athlete.

Sure thing - an obvious result of an upcoming event.

Loss - a term used to describe a bet that is not successful.

Payout - the net winnings from a bet.

Popan - a novice player who foolishly loses their bankroll, and the "popan confidence index" refers to a low coefficient on an event that attracts many beginners, further lowering the odds.

Live - a live broadcast of a sports event, as opposed to live betting.

Chasing - a betting strategy where subsequent bets are placed to try to recover previously lost money.

Yellow card - a caution in team sports.

These are just a few examples of slang terms used in the world of sports betting. The informal lexicon covers various aspects of betting and includes analogues of official terms, designations for successful and unsuccessful players, descriptions of different situations on the field, betting strategies, and words borrowed from foreign languages, primarily English. The slang vocabulary associated with sports betting is extensive and constantly evolving, but with time and experience, most of these terms can be learned, and even those with uncertain meanings can be intuitively understood.