Gambling Definitions
The online gambling community and in particular this forum has a large number of phrases and abbreviations which can cause some confusion to those not "in the know". Here we have tried to give a short explanation of some of the more common ones, giving both the meaning and how it was derived.
"Advantage Play " = Taking part in promotions offered by gambling sites and using them to make a long term profit by just playing when there is extra value. It is possible to take this to the extreme of staying within the T&Cs of each site but laying or hedging the bets in order to never actually lose.
"Arbing " = Placing bets or trades at exactly the same time at two different places with different prices to guarantee a profit regardless of the results.
"Bankroll" = The total amount of funds someone has to gamble with and has ringfenced for this purpose.
"Bonus Abuse " = Taking part in and claiming promotional offers breaking the T&Cs. The most common way of doing this is by registering several times yourself or on behalf of friends and family. It also includes playing games and strategies which are guaranteed to result in a loss to the website offering the bonus.
"Dutching " = Placing two or more back bets on two outcomes rather than backing and laying the same selection.
" +EV " = Positive Expected Value, which is the amount of profit you are expected to make on average from a particular set of wagers. The exact profit you make can not be known in advance, but it is possible to calculate how much you "should" make in the long run if the game was played an infinite number of times.
"Gubbing " = Originally from the Betfair forum it meant a selection that went to 1.01 to lay "In running" which then went on to lose. It has more recently become the common term for having a Sportsbetting account "limited" in the size of wager they will accept from you or an account which is no longer eligible to take part in promotions.
"Gnoming " = Using the IDs of various friends and family to sign up for new accounts on their behalf and take advantage of promotional bonuses in their names, in return for a % of the winnings.
"JoB " = Jacks or Better Video Poker
"RAF " = Refer A Friend
"Rogue " = A term to describe a dishonest gambling site which does not pay legitimate winners.
"SUB " = Sign Up Bonus
"Sweepering " = A staking plan which involves placing progressively larger and larger bets during winning streaks to maximise their returns.
"SNR " = In reference to a Freebet it stands for "Stake Not Returned"
"SR " = In reference to a Freebet it stands for "Stake Returned"
"Tilt " = Betting larger and larger amounts in an attempt to win back recent losses as quickly as possible.
"Underlaying " = Laying a bet at a betting exchange to return a smaller amount there than if the opposing bet wins at the bookmaker.
