Buy

A bet placed when you believe the make up will be higher than the spread. 'Buy' spread bets are placed at the higher of the two values listed in a spread.

Closing Bet

Where you place a second bet of the same stake on the same event and in the opposite direction to the first. This determines your profit or loss and finish your involvement in that event, unless you had other events open.

Credit Limit

The maximum losses that are permitted on an account before the balance must be paid.

Down

See 'Sell'.

Go High

See 'Buy'.

Go Low

See 'Sell'.

Index Bet

Bet where the make up is determined by allocating points for performance in an event.

In-Running

Betting on a live event as it progresses. Prices are updated during the event.

Long-Term Market

An event where the final outcome is not known until at least 14 days after its start.

Make Up

The final result of an event or market on which the bet is settled. The difference between this figure and the price at which you placed your bet multiplied by your stake gives your profit or loss.

Match Bet

A bet on the relative performance of two participants in an event against each other. The performance of other participants in the event is irrelevant.

Maximum Make Up

A limit on the result specified before the event. If the final result exceeds the maximum make up, the latter is used to settle the bet.

Open Bet

A bet that has not yet been closed.

Sell

A bet placed when you believe the make up will be lower than the spread. 'Sell' spread bets are placed at the lower of the two values listed in a spread.

Spread

The difference between the level you cabn sell at and the level you can buy at.

Stake

The amount in £ per point, goal, run etc. you specify when placing your bet.

Stop Loss

A level specified at which certain bets are automatically closed to prevent open ended loss or profit. [more]

Supremacy

A bet that relates to the performance of one participant compared to another.

Up

See 'Buy'.

Volatility

A measure of how widely the result of an event may vary, and therefore a measure of the risk involved in a market. For example, 'cricket runs' is a very volatile market whereas 'total goals' in an FA Cup final is not.