Dictionary

Bonusoffer/Depositbonus

The betting-companies usually give new depositing customers a bonus as a gift for choosing them. To be able to use the bonus you are required to deposit. Normally the bonuses are between 50-300€ and mostly they are matched to 100% of your first deposit. This means that if the company offers 100% up to 100€, you have to deposit 100€ to get 100€ as a bonus and then you can play for 200€.

Riskfree bet

The betting-companies can give two different types of bonuses when you become a customer, either you get a bonus like the one described above or you get a riskfree bet. A riskfree bet means that you will get the amount you lose in your first bet matched up to example 100€ by the company. For example if a company offers a riskfree bet up to 100€, if you lose your first bet at them and you bet for 100€, they will give you 100€ more to play for with a really low turnover-requirement. It is best to play a really high odds in your first bet with this so you have as high chance as possible to lose at the company so you get the bonus. If you win your first bet this offer is used.

Betfair

Betfair is like a stockmarket for betting. Regular people bet on different outcomes and match against each others odds. Compared to a regular betting-company Betfair doesn't earn money when you lose. Betfair take a commission of 6,5% of the amount you win, so they are just as glad as you when you are winning at them.

Lay-odds

This is when you bet on a outcome that shall not occur. When you lay a outcome you don't want it to happen. 

For example: Nantes - Monaco 1-X-2

If you choose to lay X at Betfair you win if either Nantes or Monaco win the game ( 1 or 2 as outcome). But if the game ends with a draw (X) you lose at Betfair and win at the betting-company.

Turnover-requirement

A requirement on how many times you have to turn over the bonus-amount before you can withdraw. Normally this requirement is between 4 and 8 times. If you receive a bonusoffer of 100€ you usually have to bet for a total of 400-800€ depending on which company you win at. This is why it is best that you bet on high odds so you don't have to turn it over so many times. Betfair don't have these requirements and that is why you should win your money there so you can withdraw them at any time.

Odds

Odds is the proportion between your stake and the potential win. At a odds of 2,00 you will win double the amount you placed a bet for.

Skrill

A very popular e-wallet which have over 30 million users through the world and makes it possible to easily transfer money quick between different betting-companies for low costs. Skrill also makes it easier to withdraw to your bank and for low fees. This is the best way to avoid costs and fees when playing for bonuses.