Buy - A bet that the result will be higher than the highest number quoted.
Closing a Bet - Where you place a second bet, of the same size but opposite to the first. This confirms your profit or loss and makes sure you have no further committment to the event unless you have other bets open.
Credit Limit - The maximum level to which you can place bets.
FSA - The Financial Services Authority, responsible for regulating all
the spreadbetting firms.
Index Bet - Bets created around awarding points for performance in an
event or for progress in a knockout competition.
In-Running Betting - Many betting opportunities are available whilst a sporting event is still happening. Prices will alter during a match or event refelecting how it is developing.
Long Term Market - Any market where the event is due to take place over 7 days or more. such as Season points
Make-Up - The result on which a bet is settled. The difference between this figure and the price at which the bet is placed, multiplied by the stake, gives the profit or loss.
Match Bet - A bet produced around two participants in an event, allowing bets on how they will perform versus each other, without consideration to any other participants.
Open Bet - A bet that is still to be closed or settled.
Sell - A bet that the result will be lower than the lowest number quoted.
Short Term Market - Any market where the event is due to take place over 7 days or less.
Spread - The differnce between the level you buy at (go high) or sell
(go low). This includes the betting tax which is paid by the firm not you.
Stake - The amount in £ per point, per run, per goal or other
that you choose when placing a bet.
Stop Loss - A maximum amount at which certain bets are automatically
closed to prevent open ended profit or loss.
Supremacy - The actual or expected margin of victory between the two
participants in a match bet.
Volatility - A measure of how much the result in a market is likely
to vary. Cricket runs are very volatile
Your Choice - When a game is expected to be close the spreadbetting
firms cannot decide who the favourite is so they give you the opportunity to
choose, whether to buy one team or sell the other.