Outright Bet Markets and Odds. The term ‘outright betting’ covers a range of different markets. For smaller competitions, top online bookmakers generally only price Outright Winner odds. However, large events such as for Champions League betting can feature different options. The most common outright betting markets in football include. Without reservation or qualification; openly: finally responded outright to the question. Completely and entirely; wholly: denied the charges outright. At once; straightway: were killed outright in the crash. Without additional payments owing, constraints, or stipulations: owns the property outright. Cover - The betting outcome on a point spread bet. For a favorite to cover, it must win by a number higher than the spread. An underdog can cover by losing by a number less than the spread or by winning the game outright. Dime - A $1,000 bet. Dollar - A $100 bet. Edge - The advantage a bettor has before a bet. Different types of outright betting. There are lots of different types of outright bet that you can make. The most basic type would be on who will win a competition.You might bet, for instance, that Lewis Hamilton will win the next Grand Prix or that the New York Giants will win the Super Bowl. You could also bet on the overall top goal scorer or the player that has the most assists or the.

• Outright Sale Definition

Golf is very much a sport where almost all the action is on one main market and for most golf punters the majority of the action is on who will win the tournament.

You may see this listed as tournament betting, the win market, or just *Tournament Name* winner. But call it what you will, it is the same bet.

You are simply picking which player you think will win a named tournament.

How Does Outright Betting Work in Golf?

In truth there isn’t really all that much to add. Most golf tournaments run from Thursday to Sunday inclusive and so, with a few exceptions, odds usually come out on Monday or Tuesday for the event scheduled to begin later that week.

Once you have done your analysis, followed your favourite online tipster or had the nod from a savvy punter at your local golf club, you simply place a bet on whoever you think will emerge triumphant on the Sunday. If your man (or woman) finishes top of the pile come Sunday afternoon you win, otherwise you lose.

With a win single on the outright winner of a tournament there are no ties or dead heats. Ultimately, there are no ties in terms of who has won the tournament; the player who gets to take home the trophy and winner’s cheque are decided by a play-off if needed. And the same goes for your bet. In other words, if your player has the joint lowest score of the week but loses a play-off, you lose your bet.

On the other side of the coin, whether they romp to victory by 10 shots or edge a play-off after 10 extra holes, your bet is a winner. Whoever is officially declared the winner of the tournament is the player you want to have backed.

What About Dead Heats?

As said, there are no dead heats when it comes to win singles but those backing a player each way in the outright winner market should certainly be aware of what happens in the event of a tie. If your each way bet includes the top five golfers it is far from uncommon for ties to occur that go beyond five players.

The simplest example would be a situation where two golfers tie for fifth, including one you backed. Of course you automatically lose the win portion of your each way bet, but what about the each way portion? Many betting newbies may expect that this would be deemed a winner as their player finished tied for fifth. However, dead heat rules would apply as effectively they finished half fifth and half sixth (in such a situation the next player would have finished seventh or tied seventh).

Dead heat rules are a standardised method of settling bets in such situations and are the same at all bookies. In the example given, half your bet would be a losing one, with half the stake lost, whilst the other half would be a winner and paid at the full each way odds.

Whilst we did initially state that there aren’t dead heats when it comes to win singles, in very unusual circumstances this may happen. Very infrequently tournaments have been shared, with no single official winner declared. This would usually be due to bad weather or some other freak occurrence meaning an event was curtailed with no play-off possible. Whilst countback may be used, if organisers decide to declare joint winners then bookies would probably apply dead heat rules.

Tips for Outright Betting on Golf

When it comes to seeking winning bets on this market there are no easy answers, in part because a golf tournament typically sees a field of around 150 players go up against each other. A lot of the time someone from the top 10 in the odds will win but there are probably 40 or more players in every event who have a realistic chance of success. What’s more, seeing players from much further down the betting is not that uncommon and just about everyone has a chance if they produce their best golf and have a little luck.

Of course, that is not to say that betting on golf is a lottery and indeed it can be very profitable for those that follow the game closely. Given that even strong favourites rarely have odds shorter than 7/1, many punters opt to back their picks each way when it comes to the Tournament Winner market. The best betting sites pay out for at least the top five and even sometimes pay 10 places on the biggest tournaments. Looking to land an each way bet is almost certainly the way to go and in terms of how to pick a winner all the usual rules apply.

That means you need to do your research and obtain as much information as you can about the course and the players involved. Looking at form, past results, the weather and in particular the course is key.

Different courses can pose very different challenges and so trying to find the golfer who has the game to suit a given course is crucial. Does the course suit long hitters, great putters, players who can move the ball, accurate players or those with a world-beating short game? Past performance at a given course, i.e. course form, is the most obvious way to assess this but the market and bookies will probably be well aware of this.

A better route to finding the value and getting yourself a great bet may come about when changes have been made to a course or a tournament is held at a new venue. If you can accurately assess how a player’s natural game meshes with a certain course and at what venues they will prosper based on less obvious stats, then you may well be able to uncover a gem.

Action: Having a wager on a game.

ATS ('against the [point] spread'): If a team is 5-2 ATS, it means it has a 5-2 record against the point spread, or more commonly referred to simply as the 'spread.'

Backdoor cover: When a team scores points at the end of a game to cover the spread unexpectedly.

Bad beat: Losing a bet you should have won. It's especially used when the betting result is decided late in the game to change the side that covers the spread. Also used in poker, such as when a player way ahead in the expected win percentage loses on the river (last card).

Beard: Someone who places a wager for another person (aka 'runner').

Book: Short for sportsbook or bookmaker; person or establishment that takes bets from customers.

Bookie: A person who accepts bets illegally and charges vig.

Buying points: Some bookies or sportsbooks will allow customers to alter the set line and then adjust odds. For example, a bettor might decide he wants to have his team as a 3-point underdog instead of the set line of 2.5. He has then 'bought' half a point, and the odds of his bet will be changed.

Chalk: The favorite in the game. People said to be 'chalk' bettors typically bet the favorite.

Circle game: A game for which the betting limits are lowered, usually because of injuries and/or weather.

Closing line: The final line before the game or event begins.

Consensus pick: Derived from data accumulated from a variety of sportsbooks in PickCenter. The pick, and its percentage, provides insight as to what side the public is taking in a game.

Cover: The betting result on a point-spread wager. For a favorite to cover, it has to win by more than the spread; an underdog covers by winning outright or losing by less than the spread.

Dime: Jargon for a $1,000 bet. If you bet 'three dimes,' that means a $3,000 wager.

'Dog: Short for underdog.

Dollar: Jargon for a $100 bet. Usually used with bookies; if you bet 'five dollars,' that means a $500 wager.

Edge: An advantage. Sports bettors might feel they have an edge on a book if they think its lines aren't accurate.

Even money: Odds that are considered 50-50. You put up $1 to win $1.

Exotic: Any wager other than a straight bet or parlay; can also be called a 'prop' or 'proposition wager.'

Favorite: The expected straight-up winner in a game or event. Depending on the sport, the favorite will lay either odds or points. For example, in a football game, if a team is a 2.5-point favorite, it will have to win by three points or more to be an ATS winner.

Fixed: A participant in a particular game who alters the result of that game or match to a completely or partially predetermined result. The participant did not play honestly or fairly because of an undue outside influence.

Futures bet: A long-term wager that typically relates to a team's season-long success. Common futures bets include betting a team to win a championship at the outset of a season, or betting whether the team will win or lose more games than a set line at the start of the season.

Halftime bet: A bet made after the first half ended and before the second half begins (football and basketball primarily). The oddsmaker generally starts with half of the game side/total and adjusts based on what happened in the first half.

Handicapper: A person trying to predict the winners of an event.

Handle: The amount of money taken by a book on an event or the total amount of money wagered.

Hedging: Betting the opposing side of your original bet, to either ensure some profit or minimize potential loss. This is typically done with futures bets, but can also be done on individual games with halftime bets or in-game wagering.

High roller: A high-stakes gambler.

Hook: A half-point. If a team is a 7.5-point favorite, it is said to be 'laying seven and a hook.'

In-game wagering: A service offered by books in which bettors can place multiple bets in real time, as the game is occurring.

Juice: The commission the bookie or bookmaker takes. Standard is 10 percent. Also called the 'vig/vigorish.'

Layoff: Money bet by a sportsbook with another sportsbook or bookmaker to reduce that book's liability.

Limit: The maximum bet taken by a book. If a book has a $10,000 limit, it'll take that bet but the book will then decide whether it's going to adjust the line before the bettor can bet again.

Lock: A guaranteed win in the eyes of the person who made the wager.

Middle: When a line moves, a bettor can try to 'middle' a wager and win both sides with minimal risk. Suppose a bettor bets one team as a 2.5-point favorite, then the line moves to 3.5 points. She can then bet the opposite team at 3.5 and hope the favorite wins by three points. She would then win both sides of the bet.

Money line (noun), money-line (modifier): A bet in which your team only needs to win. The point spread is replaced by odds.

Mush: A bettor or gambler who is considered to be bad luck.

Nickel: Jargon for a $500 bet. Usually used with bookies; if you bet 'a nickel,' that means a $500 wager.

Oddsmaker (also linemaker): The person who sets the odds. Some people use it synonymous with 'bookmaker' and often the same person will perform the role at a given book, but it can be separate if the oddsmaker is just setting the lines for the people who will eventually book the bets.

Off the board: When a book or bookie has taken a bet down and is no longer accepting action or wagers on the game. This can happen if there is a late injury or some uncertainty regarding who will be participating.

Over/under: A term that can be used to describe the total combined points in a game (the Ravens-Steelers over/under is 40 points) or the number of games a team will win in a season (the Broncos' over/under win total is 11.5). Also used in prop bets.

Parlay: A wager in which multiple teams are bet, either against the spread or on the money line. For the wager to win (or pay out), all of them must cover/win. The more teams you bet, the greater the odds.

Pick 'em: A game with no favorite or underdog. The point spread is zero, and the winner of the game is also the spread winner.

Point spread (or just 'spread'): The number of points by which the supposed better team is favored over the underdog.

Proposition (or prop) bet: A special or exotic wager that's not normally on the betting board, such as which team will score first or how many yards a player will gain. Sometimes called a 'game within a game.' These are especially popular on major events, with the Super Bowl being the ultimate prop betting event.

Push: When a result lands on the betting number and all wagers are refunded. For example, a 3-point favorite wins by exactly three points. Return on investment (ROI): In PickCenter, ROI is the amount (according to numberFire) that a bettor should expect to get back on a spread pick.

Runner: Someone who makes bets for another person (aka 'beard').

Sharp: A professional, sophisticated sports bettor.

Spread: Short for point spread.

Square: A casual gambler. Someone who typically isn't using sophisticated reasoning to make a wager.

Steam: When a line is moving unusually fast. It can be a result of a group or syndicate of bettors all getting their bets in at the same time. It can also occur when a respected handicapper gives a bet his followers all jump on, or based on people reacting to news such as an injury or weather conditions.

Straight up: The expected outright winner of the money line in an event or game, not contingent on the point spread.

Teaser: Betting multiple teams and adjusting the point spread in all the games in the bettor's favor. All games have to be picked correctly to win the wager.

Total: The perceived expected point, run or goal total in a game. For example, in a football game, if the total is 41 points, bettors can bet 'over' or 'under' on that perceived total.

Tout (service): a person (or group of people) who either sells or gives away picks on games or events.

Underdog: The team that is expected to lose straight up. You can either bet that the team will lose by less than the predicted amount (ATS), or get better than even-money odds that it will win the game outright. For example, if a team is a 2-1 underdog, you can bet $100 that the team will win. If it wins, you win $200 plus receive your original $100 wager back.

Vig/vigorish: The commission the bookie or bookmaker takes; also called the 'juice.' Standard is 10 percent.

Wager: A bet.

Welch: To not pay off a losing bet.

Outright Sale Definition

Wiseguy: A professional bettor. Another term for a 'sharp.'