December 4, 2023

Income from betting

Betting A-Z: G – The Ultimate Encyclopaedia for All Your Betting Needs

7 min read
Betting encyclopedia

Betting encyclopedia

Betting A-Z: The Ultimate Encyclopaedia for All Your Betting Needs- G

Gait: The manner in which a horse moves its legs when running or walking. The gait can impact the horse’s speed and performance.

Gallant: A term used to describe a horse that shows courage and determination during a race. A gallant horse may make a valiant effort to win, even if it is not favored to do so.

Gamble: The act of placing a bet or wager on the outcome of an event. Gambling can be done for recreational purposes or as a serious profession.

Gambler: A person who engages in gambling activities, such as placing bets on sports or casino games. A gambler may be skilled or rely on luck to win.

Gambling: The act of betting or wagering on an uncertain outcome with the hope of winning money or other valuable prizes. Gambling can involve a wide range of activities, including sports betting, casino games, and lotteries.

Gambling Stake: The amount of money or assets that a person puts at risk when gambling. The gambling stake can be a fixed amount or may vary depending on the type of bet or game being played.

Game: An event or competition in which participants compete to win a prize. Games can include sports, casino games, or other forms of competitive events.

Gaming Commission: A government agency that oversees and regulates gambling activities in a particular jurisdiction. The gaming commission ensures that gambling is conducted fairly and ethically.

Gaming License: A permit that allows a business or individual to legally operate a gambling establishment, such as a casino or sportsbook. A gaming license is typically issued by a government agency.

Gaming Table: A surface or area where gambling games are played. Gaming tables can include card tables, roulette tables, and craps tables.

Gap Handicap: A type of horse racing where the horses are grouped into different weight classes. The gap handicap system aims to create a more even playing field by giving heavier horses a handicap.

Geld: The act of castrating a male horse, which removes its testicles and makes it unable to reproduce. Gelding can have an impact on the horse’s behavior and performance.

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Gelding: A male horse that has been castrated. Geldings are often preferred for racing and other equine sports because they tend to be more manageable and easier to train than stallions.

Get Out Bet: A bet placed on the final race or event of a day’s racing or sporting fixtures. The term “get out” refers to the idea that bettors may be trying to recoup their losses from earlier bets with a last-ditch effort.

Get on: To place a bet on a particular selection. The term is commonly used in horse racing and sports betting.

Get the Best of It: To place a bet that is favorable in terms of the odds offered. This term is often used by experienced gamblers who are skilled at finding and taking advantage of value bets.

Give Weight: To handicap a horse or team by requiring them to carry extra weight, in order to even the odds in a race or sporting event. This is often done when a particularly strong horse or team is facing weaker competition.

Glitch: A malfunction or technical error that affects the outcome of a bet. In some cases, glitches can result in incorrect payouts or losses for bettors.

Going: The condition of the track or playing surface, typically in horse racing and greyhound racing. This can refer to factors such as the firmness or softness of the ground, as well as the presence of obstacles or other hazards.

Going Down Swinging: To continue betting or gambling aggressively, even when faced with significant losses or unfavorable odds. This term is often used to describe gamblers who refuse to give up, even when the odds are against them.

Going to the Stick: In horse racing, the use of a whip by the jockey to encourage the horse to run faster. This is typically only allowed within certain limits and under certain circumstances.

Golden Goal: A term used in soccer to describe a sudden death goal that wins the match. This term is often used in knockout tournaments where draws are not allowed.

Goliath Bet: A type of multiple bet that involves 247 individual bets on 8 selections. This can result in significant payouts, but also requires a high degree of accuracy in predicting the outcome of each selection.

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Good Bet: A bet that is considered to have favorable odds and a good chance of winning. This term is often used by experienced bettors who are skilled at identifying value bets.

Good Odds: Odds that are favorable to the bettor, meaning that the potential payout is higher than the amount of the original bet. This term is often used in sports betting and horse racing.

Good-Faith Deposit: A deposit made by a bettor or gambler to demonstrate their good faith and commitment to a particular wager or bet. This can also refer to a deposit made by a bookmaker or casino as part of a promotion or incentive.

Graded Handicap: A handicap race in which horses are assigned different weights based on their perceived ability. Graded handicaps are typically used in higher-level horse racing events.

Graded Race: A horse race that is officially recognized and classified based on the quality of the horses and the size of the purse. Graded races are typically designated as Grade 1, Grade 2, or Grade 3, with Grade 1 races being the most prestigious.

Graded Stakes: A term used in horse racing to describe races that are classified based on the quality of the horses and the size of the purse. Graded stakes races are typically held at major tracks and are considered to be among the most important races in the sport.

rand Salami: A type of sports bet where the bettor wagers on the total number of goals/runs scored across all games in a league or across multiple leagues on a given day.

Grand Slam: A term used in various sports, including tennis and golf, to describe the achievement of winning all four major tournaments in a calendar year.

Grandstand: The main seating area in a sports stadium or arena where spectators can watch the event from an elevated position.

Grass Roots: Refers to the amateur or local level of a sport or activity, often in contrast to the professional or elite level.

Green Up: A betting strategy where the bettor places a series of bets on the same selection in order to guarantee a profit regardless of the outcome.

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Greyhound Racing: A sport where greyhounds compete to see who can run the fastest around a track.

Greyhound Track: A facility specifically designed for greyhound racing where races are held and bets can be placed.

Greyhound Wagering: The act of placing bets on the outcome of greyhound races, usually through a licensed sportsbook or betting exchange.

Gross Winnings: The total amount of money won from a bet, including the original stake and any profits.

Group Race: A horse race featuring the highest caliber of horses, typically with larger purses and more prestigious titles than other races.

Grout: A slang term used in horse racing to refer to a horse that finishes a race in last place.

Guaranteed Bet: A type of bet where the bookmaker guarantees that the bettor will not lose money, even if the bet loses.

Guaranteed Tip Sheet: A publication or online resource that provides expert betting tips and predictions for a specific sport or event.

Guessing Line: The point spread or odds that a bookmaker sets for a particular event before any bets have been placed, based on their best guess of what the final outcome will be.

Guest Bettor: A person who is not a regular or professional bettor, but places a wager on a particular event.

Guest Jockey: A jockey who is invited to ride a horse in a race they are not normally associated with.

Guide: A resource that provides information and advice on how to bet on a particular sport or event, including tips, strategies, and odds.

Guineas: A term used in horse racing to refer to a specific type of race, typically for three-year-old horses, and named after the prize money awarded to the winner.

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