Odds Formats (Decimal, Fractional, American)
The same price written three ways. Decimal 2.50, Fractional 6/4, American +150 all mean the same thing. Decimal is simplest: stake x odds = total return (stake included).
ExampleA 1,000 naira stake at 2.50 returns 2,500 (a 1,500 profit).
Stake, Returns & Profit
Your stake is the amount you put on. Returns = stake x decimal odds and already include your stake back. Profit is returns minus stake.
ExampleStake 500 at 3.00 -> returns 1,500, of which 1,000 is profit.
Push / Void (Stake Refunded)
When a bet is cancelled and your stake returned - neither a win nor a loss. Happens on a Draw No Bet that ends level, or a whole-number Asian Handicap that ties after adjustment.
ExampleHome DNB in a 1-1 game: stake refunded, nothing won or lost.
Cash Out
An option some bookmakers offer to settle a bet early, for a value they calculate from the current state of play, before the match ends.
ExampleLeading an acca with one leg left, you might cash out for a smaller sure return.
Banker
The selection you are most confident in - the one you build an accumulator or a pools coupon around. In the pools it is the result you treat as near-certain.
Example"Banker of the week" is a tipster's single strongest pick.
Odds-On vs Odds-Against
Odds-on means a price below 2.00 (evens) in decimal - a likely result that returns less than double your stake. Odds-against is above 2.00 - an underdog price returning more than double.
Example1.40 is odds-on (favourite); 3.50 is odds-against (underdog).