Guide · 32 terms
Betting and licensing glossary, one line per term
The words you see on betting sites and on regulator pages, explained in one line. Each one links to the page with the account or the source.
Odds and markets
- Odds
- What a bet pays for each peso, stake included (decimal odds). $ 1,000 at 2.10 pays $ 2,100. Odds calculator
- Fractional and American odds
- The same odds written another way: 3/2 or +150 equal 2.50 in decimal. Converter
- Implied probability
- 1 / odds: the probability the betting site puts on the outcome, with its margin built in. Odds and probability
- Margin
- The amount by which the implied probabilities of a market add up to more than 100%. In the 1X2 2.10 · 3.20 · 3.60: 6.65%. Margin calculator
- Theoretical payout
- 1 / sum of probabilities: how much of the amount bet comes back on average in a market. Margin calculator
- Fair odds
- The odds without the betting site's margin: odds × sum of the market's probabilities. Margin calculator
- 1X2
- Three-way market: 1 home win, X draw, 2 away win. The markets
- Over/under
- Whether there are more or fewer goals than the line (for example 2.5). The markets
- Both teams to score
- Yes, if both teams score at least one goal; no, if either does not score. The markets
- Asian handicap
- Goals of advantage or disadvantage added to a team; if the result lands on the line, your stake is returned. Handicap guide
- European handicap
- A three-way handicap, like a 1X2 with goals added: a tie with the line is one more option and there is no refund. Handicap guide
- Quarter line
- −0.25, −0.75 and similar: half the amount goes to each neighboring line, so you can win or lose half. Line table
- Single
- A bet on a single outcome. Step by step
- Parlay
- Several selections on one slip: the odds are multiplied and all of them must come in; the margin is multiplied too. Parlay calculator
- Live
- A bet placed during the match, with odds that change every minute. Live
- Cash out
- An offer from the site to close your bet before the end for an amount the site decides. How to compare it
Licenses and oversight
- Provincial license
- A province's authorization for a site to offer online gambling there. It is valid in that province. All licenses
- Official list
- The page where a regulator names the sites it has authorized. It is the proof of the license. What each province publishes
- .bet.ar
- Domain ending used by almost all licensed sites; it helps, but it proves nothing on its own. What it ensures
- IPLyC
- Instituto Provincial de Lotería y Casinos: the regulator of Buenos Aires Province. It publishes the list of sites authorized there (7 addresses in our saved copy). Buenos Aires Province list
- LOTBA
- Lotería de la Ciudad de Buenos Aires: the regulator of Ciudad Autónoma de Buenos Aires. It publishes the list of sites authorized there (11 addresses in our saved copy). Ciudad Autónoma de Buenos Aires list
- Lotería de Córdoba
- Lotería de la Provincia de Córdoba S.E.: the regulator of Córdoba. It publishes the list of sites authorized there (4 addresses in our saved copy). Córdoba list
- AJALAR
- Administración de Juegos de Azar de La Rioja: the regulator of La Rioja. It publishes the list of sites authorized there (6 addresses in our saved copy). La Rioja list
- IJAN
- Instituto Provincial de Juegos de Azar del Neuquén: the regulator of Neuquén. It publishes the list of sites authorized there (6 addresses in our saved copy). Neuquén list
- Lotería de Río Negro
- The regulator of Río Negro. It publishes the list of sites authorized there (3 addresses in our saved copy). Río Negro list
- Lotería de Santa Fe
- Caja de Asistencia Social - Lotería de Santa Fe: the regulator of Santa Fe. It publishes the list of sites authorized there (4 addresses in our saved copy). Santa Fe list
- IPJyC
- Instituto Provincial de Juegos y Casinos de Mendoza: the regulator of Mendoza. It publishes the list of sites authorized there (7 addresses in our saved copy). Mendoza list
- Unlicensed site
- A site that is not on your province's official list. Risks and reports
- Half-approval
- A bill approved by one of the two chambers of Congress; it is not yet law. Federal law
Help
- Self-exclusion
- A request to not be allowed to play for a set period, on the sites or venues of your province. How to request it
- Helpline
- A phone line in your province to talk about gambling with someone who knows the subject. Each province's helplines
- Age of majority
- 18 years old in the official pages we saved. Minors and betting