Long (of a market)
The term long (of a market) means you have taken a price in the expectation that the odds will rise.
Glossary Terms
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 …
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 …
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.
Make-up
A make-up refers to the result on the completion of an event and what has made-up certain results. For example, if Team A beats Team B 3-2, the total goals would make-up at 5.
Maniac
A player described as a ‘maniac’ is one who plays very aggressively by bluffing, raising, and betting a lot. Although not a recommended as a tactic in poker, a maniac can confuse opponents, which makes them a dangerous player.
Margin
If you place a margin bet, you are betting on a team to win by a certain margin. For example, a team to win by exactly 2 goals.