Margin Call A call made by a bookmaker to the punter for cash to cover some or all of the punter's exposure to loss. Nap A tipster s best bet of the day. Odds Also known as the price . The chance a bookmaker offers for a selection to win. The return is calculated by multiplying the odds by the stake.
Many people prefer decimal odds for odds-on prices as they are more easily understood.
Odds Compiler See odds layer . The person working for a bookmaker who sets the odds . The odds layer is usually an expert on one or two sports and concentrates entirely on setting the odds for those sports. Odds-On Describes the odds when the amount you receive for a winning bet, not including your returned stake , is less than the amount you stake . Off The Board Term used to signify that the bookmaker is not accepting bets on a particular event.