 |
 |
Head to Head / Moneyline | Coupon | Line / Spread | Buy Points | Totals | Margin | Futures | Exotic Singles
Live Betting | Asian Handicap | Multiple Betting / Parlays
Canbet offers a wide range of single/straight and multiple/parlay betting options at competitive prices, tailored to meet the requirements of every sports bettor world wide.
Below are detailed explanations and examples of the different betting terminologies. If you have any questions or would like help in constructing your bet, simply contact our Customer Services Team.
All sporting bet types are set at a fixed price (fixed odds). All prices are quoted in Decimal, Fractional and/or American Odds; you may change the settings to suit your needs from the betting pages.
Win betting – is when you place a bet to win or finish first in an event.
Place betting – is when you place a bet to finish amongst the nominated placings in an event, usually 1st, 2nd, 3rd sometimes 4th and 5th.
 |
Head to Head / Moneyline |
A straight two-way competition, usually without the draw being offered. If the event is drawn or otherwise tied the dead heat rule applies and bets are paid at half face value of the ticket.
Example:
| Cricket (Decimal Odds) |
Home |
Away |
| Australia v England |
1.65 |
2.25 |
If you bet $10 on England at $2.25 to beat Australia and England win, your return would be $22.50.
Example:
| NFL (American Odds) |
Moneyline |
| Miami |
-160 |
| Buffalo |
+180 |
If Miami wins then you would lay $160 to win $100. If the player bet on Buffalo then the player would lay $100 to win $180. |
 |
|
 |
Coupon / Head to Head with Draw |
A straight three-way competition, with the draw being offered.
Example:
| Soccer (Decimal Odds) |
Home |
Draw |
Away |
| Liverpool v Arsenal |
2.40 |
3.25 |
2.80 |
If you bet $10 on the Draw at $3.25 and the game is a draw after 90min, your return would be $32.50.
Example:
| Soccer (American Odds) |
Home |
Draw |
Away |
| Liverpool v Arsenal |
+140 |
+225 |
+180 |
If you wager on the Draw +225 and the game is a draw after 90min, you would lay $100 to win $225. |
|
|
 |
Line / Spread |
Each team receives a handicap of plus or minus points to reduce the game to an even competition. A team with a minus handicap must win the event by more than the handicap for your bet to win. A team with a plus handicap can win the game or must not lose the event by more than its handicap for your bet to win. Line handicaps usually contain a ½ point i.e. 4 ½ so that a drawn outcome is not possible.
Line betting can increase the odds of the favourite and can also provide an opportunity to win on the team that loses the game outright.
Example:
| Rugby Union (Decimal Odds) |
Home |
Away |
| France v England |
-6½ 1.90 |
+6½ 1.90 |
If you bet $10 on France on the $1.90 line at -6½ your return will be $19 if France beats England by more than 6 ½ points.
Or
If you bet $10 on England on the $1.90 line at +6 ½ your return will be $19 if England win the game or lose the game by less than 6 ½ points.
Example:
| NFL (American Odds) |
Spread |
| Miami |
-7 -110 |
| Buffalo |
+7 -110 |
If you wager $110 on Miami -7 to beat Buffalo +7. If Miami wins by more than 7 points you win $100 so the total payout including the initial wager would be $210. If Miami only wins by 7 points then the game is considered "no action" and all money is returned to the bettor. If Miami wins by less than 7 points the wager is lost. |
|
|
 |
Buy Points - American Football & Basketball |
Buy Points moves the spread (pointspread) so you give away fewer points with the favourite or get more points with the underdog. This bet type is available for American Football (pro and college) and Basketball (pro) only. To do this, you must pay an extra 10 cents per ½ point.
For NFL, there is no buying off 3 (from +3 to +3.5 or higher, or from -3 to -2.5 or lower) and there is no buying through three (from +2.5 to +3.5 or the reverse -3.5 to -2.5).
Example:
Dallas Cowboys are 6 point underdogs. To move the line to +6.5 points, you would buy ½ point and pay extra 10 cents (now you lay $120 to win $100, whereas at +6 points you would have laid standard odds of $110 to win $100, or -100). |
|
|
 |
Totals |
Totals or Game Total is the combined scores of both teams involved in a bet. You can bet whether the game will go "over" or "under" this figure.
Example:
Liverpool are playing Arsenal and the total posted for the game is 2.5.
| Soccer (Decimal Odds) |
Goals |
Over |
Under |
| Liverpool v Arsenal |
2.5 |
2.00 |
1.80 |
If the final score is Liverpool 2, Arsenal 1, the total game score would be 3. Therefore if you bet over, you would win; if you bet under, you would lose.
Example:
Buffalo is playing New York and the total posted on the game is 38.
| NFL (American Odds) |
Totals |
| Miami |
O: 38 -110 |
| Buffalo |
U: 38 -110 |
If the final score is New York 20, Buffalo 19, the total game score would be 39. Therefore if you bet over, you would win; if you bet under, you would lose. |
|
|
 |
Margin |
Known as Margin betting, this bet type allows you to select a margin of points a team can win by. A winning range is usually offered. i.e. Team A by 1 to 12 points, the winning margin must fall in this range for your bet to win. Unlike Head to Head and Line betting, a Draw is offered in margin betting.
Margin betting odds will be greater than that offered in Head to Head betting.
Example:
| Rugby Union (Decimal Odds) |
1-12 |
13+ |
Draw |
| France |
3.70 |
1.57 |
- |
| Wales |
6.60 |
17.00 |
- |
| Draw |
- |
- |
51.00 |
If you bet $10 on Wales at the 1-12 point margin at $6.60 your return will be $66 if Wales beat France by between 1 and 12 points.
Example:
| Rugby Union (American Odds) |
1-12 |
13+ |
Draw |
| France |
+270 |
-175 |
- |
| Wales |
+560 |
+1600 |
- |
| Draw |
- |
- |
+5000 |
If you wager on Wales at the 1-12 point margin +560, you would lay $100 to win $560 if Wales beat France by between 1 and 12 points. |
|
|
 |
Futures / Outright |
Known as Futures and Outrights. These include bet types such as:
- To win the US Open
- To win the World Cup Final
Example: World Cup Soccer (Decimal Odds/American Odds)
| World Cup Soccer |
Decimal Odds |
American Odds |
| Brazil |
6.00 |
+500 |
| Argentina |
7.00 |
+600 |
| Germany |
7.50 |
+650 |
| Italy |
11.00 |
+1000 |
| England |
11.00 |
+1000 |
| Holland |
13.00 |
+1200 |
Decimal Odds - If you bet $10 on Germany to win the Soccer World Cup at $7.50 and Germany win your return would be $75.
American Odds - If you wager on Brazil and they win the Soccer World Cup you would lay $100 to win $500. |
|
|
 |
Exotic Singles |
Each type of sport has its own Exotic Single bet types. These include bet types such as:
- Correct Score
- Half Time – Full Time Doubles
- First Goal Scorer
- Game Totals
- Set Betting
- Half Time Result
- 1st Scoring Play
- 1st Team to Score
- 1st Score
|
|
|
 |
Live 'In Running' / Wager Live 'Play by Play' |
You can bet on selected events whilst the game is in progress. If you like watching the game live, then you may also enjoy betting live.
Live betting usually consists of the following bet types:
- Head to Head
- Coupon
- Line (Handicap)
Example:
It's 2-1 and Portsmouth are beating Man Utd with 20 minutes until full time. Who will you bet on?
| Soccer (Decimal Odds) |
Home |
Draw |
Away |
| Portsmouth v Man Utd |
2.00 |
2.85 |
4.00 |
If you bet $10 on Man Utd at $4.00 and they win your return will be $40.
Example:
If Miami are leading 10-0 after the first 10 minutes of the game, the odds are adjusted in play:
| NFL (American Odds) |
Home |
| Miami |
-7 -240 |
| Buffalo |
+7 +180 |
You will win if you wager on the team that covers the spread.
Note: if you are physically present in Australia
Under Australian law, the Interactive Gambling Act 2001, the provision of betting via the Internet on 'micro events' (sometimes referred to as 'live betting' or 'betting in the run') is prohibited to any customer physically present in Australia. However customers physically present in Australia may legally use the Telephone for 'live betting' .
The above law does not apply to customers physically located outside Australia, those customers may transact using both the Internet & Telephone for 'live betting' at any time. |
|
|
 |
Asian Handicap Soccer |
Asian Handicap betting offers value to the bettor by reducing the outcome of a Soccer match from the traditional three way ‘Home, Draw, Away’ style to an event with only two selections. The handicap is based upon the relative strengths of the two competing sides and is derived to give a roughly equal chance to both teams. The winning team is decided on the final score, after 90 minutes, (normal time), after taking the handicap into account.
There are 2 types of handicap:
- A single handicap
- A 'split' handicap
Single Handicap
Example One: France (- 0.5) @ $1.95 vs. Spain (+0.5) @ $1.95
Asian Handicap betting on the above France-Spain game provides just two possible outcomes, instead of three. In this case the handicap has France playing 'minus half a goal', or with Spain playing 'plus half a goal'. You can back either Spain with this start @ $1.95 or France giving away this start @ $1.95. If you back Spain + 0.5, Spain must at least draw the match for you to win, as you are getting a half goal start. Conversely, if you back France at -0.5, France must win the match by at least a goal, as you are giving Spain a half goal start.
Example Two: $1.95 Argentina 0 France $1.95
If the two teams are evenly matched a 0 ball handicap would be offered. In this case you can bet on either team at $1.95 to win the match. If the match ends in a draw all bets are refunded.
Example Three: Argentina (-1) @ $1.95 vs. Germany (+1) @ $1.95
Argentina are giving away 1 goal to Germany. If you back Argentina at -1, Argentina must win the match by at least two goals for you to win your bet. This is because Argentina’s winning score needs to exceed Germany’s score by more than 1 goal. However, your bet will be refunded if Argentina beat Germany by only 1 goal. You will lose your wager if Argentina Draw or Lose the match. Conversely, if you back Germany at +1, you will win your wager if Germany Win or Draw the match. If Germany are beaten by only one goal, your wager will be refunded. You lose your wager if Germany lose the match by two or more goals.
Split Handicap
Sometimes a split handicap is used to even up the contest. This occurs if a single handicap would still give one team substantially more than an even chance. Thus, the split handicap refines the contest as close as possible to an even chance for each team.
Example: Argentina (- 0.5, -1) @ $1.95 vs Germany (+ 0.5, +1) @ $1.95
With split handicap betting, you can imagine that your stake is being split equally between the two quoted handicaps.
For example, a stake of $100 on Argentina (-0.5,-1) means:
$50 of your stake will go on Argentina ‘minus half a goal’ and, the other $50 will go on Argentina ‘minus one goal’.
You do not need to place the two $50 stakes separately. This will be automatically recognized by our system when you place your $100 stake. To work out your return, simply calculate the return from each of the two (imaginary) separate $50 bets. Each (imaginary) bet is calculated in the same manner as a single ball handicap. Thus, if Argentina win the match by one goal, the $50 stake at ‘minus half a goal’ is determined to be a winning bet, and the other half of the wager ($50 at ‘minus one goal’) is determined to be a refund. You will win on your full $100 stake (both $50 ‘imaginary’ bets) if Argentina win by 2 or more goals.
Live Asian Handicap ('Running Ball')
Asian handicap is also offered during the live match. This bet type is also referred to as ‘Running Ball’. The handicaps offered during the live game will either be single or split as per the above examples.
The only difference with Live Asian Handicap betting is that you are betting only on the remainder of the match when you place your wager. This means that any previous goals scored in the match are irrelevant for the outcome of your wager. The outcome of your wager will be determined only by the goals (if any) scored after you place your bet. |
|
|
 |
Multiple Betting / Parlays (Round Robins) |
|
For Multiple betting, Parlays and Accumulators – Click here. |
|
|
|
|
