Betting A-Z: I – The Ultimate Encyclopaedia for All Your Betting Needs
Implied probability: Implied probability is the likelihood of an outcome occurring as determined by the odds set by a bookmaker. It is calculated by converting the odds into a percentage chance of winning.
Impression odds: Impression odds are a type of betting odds where a bookmaker sets the odds based on their subjective assessment of the event’s outcome rather than the objective probability of it happening. Impression odds are usually set by smaller bookmakers or betting exchanges.
Impression prices: Impression prices are another term for impression odds. They are the prices at which a bookmaker or betting exchange is willing to accept bets on a particular outcome.
Improving: Improving is a term used to describe a horse, team, or player that is showing signs of improvement in their form or performance. It can also refer to a situation where a bettor’s position is getting better over time.
In the black: In the black is a term used to describe a bettor who is winning money or has a positive return on investment. It is the opposite of being in the red.
In the frame: In the frame is a term used in horse racing to describe a horse that has finished in the top three positions in a race. It can also refer to a bettor who has placed a bet that finishes in a paying position.
In the hole: In the hole is a term used to describe a bettor who is losing money or has a negative return on investment. It is the opposite of being in the black.
In the money: In the money is a term used to describe a bet that finishes in a paying position, or a horse that finishes in the top three positions in a race.
In the points: In the points is a term used in sports betting to describe a team or player that has scored points in a game or match. It can also refer to a situation where a bettor’s position is close to being in a winning position.
In the red: In the red is a term used to describe a bettor who is losing money or has a negative return on investment. It is the opposite of being in the black.
In-Play bets: In-Play bets are bets that are placed on an event that is already underway. They are also known as live bets or in-running bets.
In-form: In-form is a term used to describe a horse, team, or player that is performing well and is expected to continue to perform well.
In-play betting: In-play betting is the act of placing bets on an event that is already underway. It is also known as live betting or in-running betting.
In-running: In-running is a term used to describe an event that is already underway and is being bet on live.
In-running betting: In-running betting is the act of placing bets on an event that is already underway. It is also known as live betting or in-play betting.
In-running betting markets: In-running betting markets are the odds and prices that are offered by bookmakers for events that are already underway.
In-the-money finish: An in-the-money finish is a term used in horse racing to describe a horse that finishes in the top three positions in a race.
Independent event: An independent event is an event whose outcome is not affected by the outcome of any other events. In sports betting, each individual event or game is considered an independent event.
Index betting: Index betting is a type of spread betting where the bettor bets on the performance of an index or benchmark, rather than on the outcome of a particular event. The bettor makes a prediction on whether the index or benchmark will go up or down, and the amount won or lost is determined by the difference between the opening and closing values of the index or benchmark.
Indian Bookmaker: An Indian bookmaker is a bookmaker who operates in India or caters to Indian customers. In India, sports betting is largely illegal, but there is a thriving underground betting market, and some bookmakers operate online from offshore locations.
Individual performance prop: An individual performance prop is a type of prop bet where the bettor wagers on the performance of a specific individual in a sporting event. For example, a bettor might place a prop bet on how many points a particular basketball player will score in a game.
Inflated odds: Inflated odds are odds that are higher than they should be based on the actual probability of an outcome occurring. This can happen due to a bookmaker’s error, or because of a large number of bets being placed on a particular outcome.
Informed opinion: An informed opinion is a betting prediction or analysis that is based on a deep understanding of the relevant factors that can affect the outcome of an event. It is often provided by experienced bettors, handicappers, or sports analysts.
Initial deposit bonus: An initial deposit bonus is a type of bonus that is offered by online sportsbooks or casinos to new customers when they make their first deposit. The bonus is usually a percentage of the deposit amount, and it is subject to certain wagering requirements before it can be withdrawn.
Initial stakes: Initial stakes are the first bets placed by a bettor in a particular betting market or event.
Inning: Inning is a term used in sports such as baseball and cricket to refer to a portion of the game where each team has a turn at batting and fielding.
Inside bet: An inside bet is a type of bet in roulette where a player places their chips on a specific number or a combination of numbers that are located inside the betting layout.
Inside draw: An inside draw is a term used in horse racing to describe a starting position close to the inside rail, which is considered an advantageous position.
Inside edge: An inside edge is a term used in sports betting to refer to an advantage that a bettor has over the bookmaker, either due to insider information or analysis of the odds.
Inside information: Inside information is information that is not publicly available, and which gives a bettor an unfair advantage in making a bet. It is illegal to use inside information for betting purposes.
Inside post: An inside post is a term used in horse racing to describe a starting position close to the inside rail, which is considered an advantageous position.
Insurance: Insurance is a type of bet that is placed to protect against losses on a primary bet, usually by placing a smaller bet on the opposite outcome.
Interactive betting: Interactive betting is a type of betting that allows bettors to place bets in real-time on an event that is already underway.
Interchangeable lines: Interchangeable lines refer to different betting lines or odds offered by different bookmakers, which can be used interchangeably by a bettor to find the best possible value.
Interest rate: Interest rate is a term used in financial betting, where bettors place bets on the direction of interest rates or other financial indicators.
Interference: Interference is a term used in horse racing to describe a situation where one horse interferes with the progress of another horse, either by crossing its path or bumping into it.
Intermediate odds: Intermediate odds are betting odds that are neither very high nor very low, and which are considered to be moderate or average.
International match: An international match is a sports match between teams or individuals representing different countries.
Intertops: Intertops is an online sportsbook and casino that offers betting services to customers around the world.
Intralot: Intralot is a Greek-based gaming company that provides lottery and
sports betting services to customers in multiple countries.
Inverse correlation: Inverse correlation is a term used in financial betting, where bettors place bets on the direction of two different assets or indicators that have an inverse relationship with each other.
Inverse odds: Inverse odds refer to the odds of an event occurring, expressed as the inverse of the probability of the event occurring. For example, odds of 2 to 1 represent a probability of 1 in 3, or 33.33%.
Inverted handicap: An inverted handicap is a type of handicap bet where the underdog is given a head start in points, and the bettor bets on the favorite to win by a margin greater than the handicap.
Inverted yield curve: An inverted yield curve is a term used in financial betting, where bettors place bets on the direction of the yield curve, which shows the relationship between interest rates of different maturities.
Investment: Investment is a term used in financial betting, where bettors place bets on the performance of different financial assets such as stocks, bonds, and commodities.
Investment advice: Investment advice refers to guidance provided by financial experts on how to invest money wisely and make informed decisions regarding financial betting.
Investment betting: Investment betting is a type of betting that involves placing bets on the performance of different financial assets such as stocks, bonds, and commodities, with the aim of generating a profit.
Invitational: An invitational is a type of sporting event or tournament where the participants are invited based on their skills or reputation, rather than through a qualification process.
Irish bookmaker: An Irish bookmaker is a bookmaker based in Ireland who offers betting services to customers in Ireland and other countries.
Iron cross: Iron cross is a betting system used in craps, where the bettor places bets on multiple numbers on the betting layout to cover as many outcomes as possible, while minimizing losses.