iGaming Products┃ Sportsbook
In the United States a sportsbook or a race and sports book (sometimes abbreviated as book) is a place where a gambler can wager on various sports competitions, including golf, football, basketball, baseball, ice hockey, soccer, horse racing, greyhound racing, boxing, and mixed martial arts. A sportsbook is the same thing as a “bookmaker” or “bookie.” It’s a company or individual who accepts bets from individual sports bettors.
There are currently 14 names in this directory beginning with the letter E.
Each Way
A pair of bets placed on the same horse, one to win and one to be placed. A bet where half the total stake is for the selection to win and half is for the selection to be placed (usually in the first three, but in big handicaps the places may extend to fourth, fifth or sixth). If the selection wins, the win portion is calculated in the normal way, while the place portion of the bet is settled at a fraction of the win odds.This fraction, and the number of places allowed by the bookmaker, depends on the type of race and the number of runners in the race. If the selection is placed but fails to win, the win portion of the stake is lost but, again, the place portion of the bet is settled at a fraction of the win odds.
Each Way Terms
For the place part of a each-way bet to give a return, the selection must either win or finish in one of the predetermined places for the event, such as first place or second place. The odds paid on the place part of the bet are usually a fraction (commonly 1⁄4 or 1⁄5) of the win odds.
Early Cash Out
A way for bettors to settle a wager for a certain dollar amount before the event is over. This is a way to lock in a profit at a smaller value than the wager would ultimately pay.
Early Price
Bookmaker's odds on a given dog which are subject to fluctuations, before the final Starting prize is set.
ETS (Escaped Tongue Syndrome)
Used to explain how the tongue lolls out the side of their mouth when they are sleeping or resting. Also called a Derp. Usually more prevalent when they are upside down. Actually kind of scary when you first see it, especially if they are upside down with their eyes open.
EV (Expected Value)
This is a calculation used by a bettor to determine whether a wager should win or lose over time. Positive expected value (EV) bets over time is a good way to become a winning sports bettor.
Even Money
A wager that pays the same as was risked. An even-money sports bet is listed as +100 or -100 in a sportsbook. Unlike traditional -110 wager, there’s no vigorish paid to the sportsbook. A bettor risks $100 to win $100 instead of wagering $110 to win $100.
Exacta
Choosing horses to finish first and second in a race. This is sometimes, but rarely, offered for other competitive sports.
Exotic Wager
These are non-traditional sports bets. Exotic wagers aren’t point spread, moneyline, or futures bets on a certain event. This kind of wager is often listed as a prop bet in a sportsbook.