What Does Gg Mean In Betting
Fixed odds betting is one of the most common types of sports betting around the world. Most sports books offer these types of odds on just about every sporting event imaginable, and, fortunately, they are easy to explain.
When you place a bet on a betting price, you bet on odds that are fixed. If you take on a futures bet, for example, you are most likely dealing with fixed odds (like if the Houston Texans are 100/1 odds to win the Super Bowl next year).
GG/NG are common in betting. Their odds range between 0.1 to 101.In gambling, when the odds for GG are below 1.40,it means there are more than 90% chances that both teams will score.If the odds are more than 2.0,it means only one team is likely to score or none will score. GG OR NG: GG means that both of the teams will score in the game and NG means that one or both of the teams will not score in the game. DNB: That means DRAW NO BET. If we select 1 that mean that if the home win we WIN if the result is DRAW we take back our stake and if the aw. A parlay bet is one of the most popular forms of sports betting. What's great about parlays is that sports bettors can bet on two or more point spreads, OVER/UNDERs or Moneyline Bets, earning a higher payout if all of their picks win as opposed to making a single bet on each one individually. What does BTTS mean? BTTS is the shortened form of 'both teams to score'. A famous football betting market related to the chance of both teams scoring in a match. Players have two choices. If you choose YES, both teams must score a goal to win your bet.
It’s a way of evening things out for the bettor and bookmaker. If we stick with the example from above, the chances of the Texans actually winning the Super Bowl are not very strong. More likely than not, one of the other 31 teams will win the championship.
Fractional Odds
In the United Kingdom, most betting lines are given in fractions. In fractional odds, the potential gain is on top of the amount that a bettor must wager. So, if you are betting $100 on 4/1 odds, you win $400 if you win the bet.
If the odds are particularly high on something, the fraction will be flipped. It will still be the potential gain on top of the amount wagered, but the payout will be far smaller. If the Patriots are expected to win the Super Bowl, they could have 1/3 odds, for example. That means you would have to bet $3 just to win $1. In other words, it is hardly a bet worth placing, as the wager far outweighs the potential winnings.
1/1 odds mean there is a 50/50 chance of either team in a given game coming out with a win.
Decimal Odds
While we typically see fraction odds or moneyline odds (more on that later) in the U.K. and in America, decimal odds are more common in other European countries as well as Canada, New Zealand and Australia.
The concept is the same as with fractional odds, the only difference is the presentation. Rather than displaying the potential winnings above or below the wager, decimal odds are essentially just a way to calculate your winnings.
As an example, if odds are listed at 3.0, your return will be three times your wager. If the odds are 3.5, your winnings will come out to three-and-a-half times the amount of your bet.
Moneyline Odds
The moneyline will often appear next to the spread and implied total when you look at a bet on paper or on your computer screen. These kinds of odds are most common in the United States.
We can use Super Bowl LI as an example of what to look for. The New England Patriots are listed as three-point favorites and the game has an implied total of 59 ½. In between those two figures you will see the moneyline. The moneyline on New England is -160, while the Atlanta Falcons are at +140.
What does this mean?
When you are betting on the moneyline, you are betting on a team winning a game outright. The odds attached to each team indicate their likelihood of actually winning the game. The Patriots are favored in the previous example, so they have the more favorable moneyline odds.
You do not need a point spread in order to tell which team is favored. If one team has a negative (-) symbol and the other has a positive (+) symbol, the team with the negative symbol is favored.
In the example we used above, you would need to bet $160 on the Patriots just to win $100 back. Betting that same $100 on the Falcons and winning would give you $140 in return.
It is possible for both teams to have a negative symbol next to them. This means neither team is heavily favored, but more often than not one team will have slightly better odds. Still, you are obviously betting on which team you think will win if you are putting money on the moneyline.
Seeing a moneyline of +400 is the same as seeing the fractional odds 4/1. If you see a moneyline of -400, it is the equivalent of 1-to-4 odds.
FAQ
What’s the difference between fixed odds and spread sports betting?
With a spread bet, you are largely gambling on margin of victory for one team. If you think a favored team has an excellent chance of winning a game by a certain amount or more, you place that bet. On the flip side, if you think an underdog has a good shot at winning or at least keeping it close, you can take that chance.
With fixed odds, nothing about the final score matters except for which team winds up winning. The odds are on nothing except for the outcome of the game. It doesn’t matter if the Patriots win a game by one point or by 50 points. If you place a bet on them winning and they win, then you win, as well.
It’s a simpler form of betting on sports than spread betting. It’s an easier path to take, especially if you are relatively new to sports betting.
What is an advantage?
In addition to the bit above that explains how using fixed odds simplifies things, there are a few more aspects to look for: you’re essentially assured of everything. You determine how much you want to bet, and you know that if you pick the correct outcome, you will win some cash regardless of point differential.
What's Gg In Betting
Unless you happen to place a bet on a sport that can see a tied result (like soccer), you are also assured of an outcome. A bet is nullified whenever a spread bet “pushes”, but there are no pushes with odds that are fixed. Either you win or you lose, there is no in-between.
Is betting on the underdog wise on the moneyline?
Taking the underdog on a moneyline bet will always be the more appealing option from a financial perspective. Upsets happen all the time in sports, and obviously the payout is far greater if you pick the underdog and win than if you pick the favorite and win.
What Does Gg Mean In Sports Betting
Clearly, you need to pick your spots here. If you are thinking of picking the Phoenix Suns to take down the Golden State Warriors in Oakland, that’s probably not the smartest use of your cash. Still, there is a reason gambling is difficult. The bookmakers do more homework than anybody, and a bettor is going do have to do their fair share if they think they can beat the moneyline.
Nailing an underdog pick certainly yields a superior profit, but be smart about it.
Conclusion
Betting on fixed odds is an easy way to get in on sports betting, particularly if you are a newcomer. There are few surprises, and you know exactly what you are getting yourself into when you place a wager.
Rather than dealing with the complexities of spread betting, this form of betting allows you to simply enjoy the game rather than sweating a certain team winning by a certain number of points.
More Bet Types
When I started playing online poker I was perplexed with all the acronyms that I encountered. People were writing these weird letter combinations in the chat box, and I had no idea what they meant. I didn't have much experience with online gaming, so most of the expressions were completely new to me.
'LOL' was probably the first acronym that I was faced with. It was hugely popular and so common that it was impossible to ignore. I learned pretty fast that it was the same as 'laughing out loud'. At some point 'lol' was so popular that people started using it also in live-poker games. Especially the Swedes. And there were loads of Swedes playing poker. They said it with that funny Swedish accent where it sounds more like 'ljol.' So instead of actually laughing people were 'ljolling.'
'LOL' is not so popular anymore. And neither is 'ROFL.' It means 'rolling on the floor laughing' and it used to be quite common. Perhaps poker has become more serious since less people are 'lolling' (or 'ljolling') and no-one is laughing on the floor anymore.
'WP,' on the other hand, is still a very common expression in poker. It stands for 'well played.' It can be used sincerely but quite often it is used sarcastically (especially in low- and midstakes games). Like when someone calls a big bet with a very marginal hand and sucks out on the river. 'Wp,' says the opponent, but of course he means the opposite.
'GB' and 'GC' mean 'good bet' and 'good call.' From my experience these are used less sarcastically than 'wp'. 'Gb' and 'gc' are more often genuine compliments. So is also 'NH,' which stands for 'nice hand.'
'GL' means 'good luck.' It is often said at the end of a session to your opponent and sometimes players say it before a heads-up session starts. I never say it at the beginning of a session. I don't wish my opponent to have good luck when he is playing against me. I want to have all the luck. I don't mind wishing him good luck after I leave the table--preferably with the money.
'M8' used to be popular, too. There is not many 'mates' around these days. People used to say 'wpm8' or 'tym8,' but that's not the case anymore. It is just 'wp' or 'ty.'
'GG' stands for 'good game.' It is customary to say 'gg' when you finish playing to inform the other players that you are quitting and not coming back. Usually people say 'gg' when they quit no matter if they are winning or losing. And other players usually reply by saying 'gg' also.
I have played some online sessions against Phil Ivey, and I have also railed him playing against other guys. Funny thing is that he does not always say 'gg' after the session. Sometimes the other player says 'gg' and Ivey replies: 'Thanks.' I don't know if Ivey reserves the comment 'gg' only for those sessions he thinks are truly worth saying 'good game' and otherwise he simply quits or says something random. But I guess when you are the best in the world your standards for a good game must be higher than for the rest.
'BRB' and 'BB' mean 'be right back' and 'be back.' If you want to have a short break, you can say 'brb 5,' meaning you will be back in five minutes. Or if you will be back in few hours you can say 'bb in 2h.'
What Does Gg Mean In Football Betting
'ZZZZZ' is an expression that is used to point out that someone is playing too slow. So if someone says 'zzzz' to you in the chat box, he is requesting you to speed it up and play faster.
'OMG' is an expression that is used when something extraordinary or weird happens. Like when someone hits a miracle one outter on the river. 'Oh My God!' I assume Phil Galfond found it funny because he chose his Full Tilt nickname as 'OMGClayAiken.'
And finally few words about those lesser compliments that anyone playing poker will eventually see directed towards them. 'FU' is pretty self-explanatory, and so are 'SOB' and 'MOFO.' I don't use them at all myself. There's really no reason to do so. If you truly feel angry or frustrated or if you are in a major tilt, why blame the other players for it? There's an old saying that summarizes it well: 'Don't hate the player. Hate the game.'
Ville Wahlbeck is a member of Team PokerStars Pro