Definitions for: S
Sawtooth wave is the name given to the shape of the odds versus time graph when the odds are constantly varying 1
Tick (up and down) making the graph looks like an horizontal line with saw teeth.
Trading technique characterized by several cycles of opposite bets (
Back/
Lay or
Lay/
Back) with a minimal oscillation, separated only by 1 or 2 ticks.
See:
Trading,
Tick.
Stake is the amount that the bettor risks when he makes a
Bet. In a
Back Bet: it’s the amount risked to win some other figure depending on the odds. In a
Lay Bet: it’s the same as
Liability, it’s the amount that the bettor will lose if it actually happens the event on which he’s betting not to occur.
Fast drop of odds. Usually happens when there are a large number of bettors backing that same selection.
Opposite:
Drift.
Ratio of number of winning bets and total number of bets, expressed in percentage. Example: bettor placed a total of 60 bets, and won 42 of those bets. His Strike Rate is 42/60 = 70%.
Higher the Strike Rate, bigger the profitability of betting; however, Strike Rate alone, without odds, cannot determine whether betting is profitable or not.
Example: Strike Rate of 50% is expected to produce profit if average odds were higher than 2.00, but is expected to produce loss below those average odds.
See:
ROI.
It’s a
Bet where you will win for sure, no matter the final outcome of the sports event.
See:
Arbitrage.