Glossary Terms

Paddy Power

Does Paddy Power have a betting exchange? Paddy Power doesn’t have a betting exchange. However, Paddy Power and Betfair did merge to become Flutter Entertainment plc. While Paddy Power has stayed as a sportsbook site only, Betfair does offer a sportsbook and betting exchange platform. When Betdaq was acquired by Ladbrokes, the latter did branch …

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Parimatch

What does Parimatch offer? There’s a solid range of games on the casino side, including some of the world’s top slots, big jackpots, and new releases. On the sports side, all major sports are offered, and the odds are very much in line with what we expect to see at other top UK online bookmakers. …

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Patent

A Patent is a multi-bet that consists of 7 bets which are made up of 3 singles, 3 doubles and a treble across three different events. How to work out a patent bet? Calculating potential returns for a Patent Bet involves considering the odds of your selected outcomes and the various bet types within the …

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Pay Off

To ‘pay off’ in poker is to call a bet when your opponent probably has a better hand, but the pot is large enough to justify a call anyway.

Performance markets

Performance markets are ones that revolve around the performances of different selections in an event. These can be ‘team performance’ or ‘individual performance’ markets where points are scored for doing certain things, such as scoring a goal during a game.

Photo finish

A photo finish is used a lot in horse racing to determine the finishing places of a close race. The result is decided by a judge examining a photograph that has been taken by a camera that is located on the finishing line.

Piggy Riches

Piggy Riches is an online slot that was released back in 2010 and was developed by NetEnt. The theme here is rich pigs and the game takes place in the mansion of Lady and Gentleman Pig. The reels have the look of gold, and pig noises can be heard whenever they spin. This slot has …

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Placed

When a horse has been placed, it means it has not won the race, but has finished in second or third place. In some races where there are a lot of runners, such as the Grand National, a horse can be successfully placed as high as seventh or eighth, depending on the promotion a bookmaker …

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Placepot

A Placepot is a tote bet that is similar to a Jackpot bet. The difference is that for a placepot, the horses you have selected in the first six races at the specified meeting, only have to be placed instead of win. What is a placepot bet in horseracing? A Placepot bet is a type …

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Play the Board

To ‘play the board’ can refer to formulating our poker hand using the community cards only, i.e., the cards we hold don’t make a hand any better than what is being shown on the board.