Glossary Terms

Live Roulette

Live Roulette is a live video feed of a roulette table, croupier and table played at online casinos. . Players play on an online interface and the result is determined by the live game which is broadcast from a central location. Digital versions of live Roulette, are provided by third-party vendors such as Evolution Gaming, …

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Long (of a market)

The term long (of a market) means you have taken a price in the expectation that the odds will rise.

Long-term markets

A long-term market is one where the result of an event will not be known until seven days or more after the date the bet was placed.

Lottoland

Lottoland lets you bet on the outcome of lotteries around the world, all from the comfort of your own home. You select your numbers, sit back, dream of how you’re going to spend your new fortune, and wait for the results. Bet on lottery jackpots around the world Playing on the National Lottery has been …

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Lowest unique bid auction

A lowest unique bid auction is an auction where the winner places the lowest unique bid, rather than the highest bid as per traditional auctions. To enter you pay for each bid you place. In the below example from Sweepola of a lowest unique bid auction, the winning bid is £5 because it is the …

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Lucky 15

A Lucky 15 bet is a multiple bet that consists of 15 separate bets on four different outcomes. The 15 bets are broken down as 4 singles, 6 doubles, 4 trebles and an accumulator.

Lucky 31

A Lucky 31 bet is a multiple bet that consists of 31 separate bets on five different outcomes. The 31 bets are broken down as 5 singles, 10 doubles, 10 trebles, 5 four-folds and a five-fold accumulator.

Lucky 63

A Lucky 63 bet is a multiple bet that consists of 63 separate bets across six different outcomes. The 63 bets are broken down as 6 singles, 15 doubles, 20 trebles, 15 four-folds, 6 five-folds and a six-fold accumulator.