Once you understand the football markets, you can then can know the different types of bet.
Accumulator: is one bet made up of multiple selections that are combined in one bet.
Against the spread: any bet in which, rather than backing a winner, backing a selection to cover the spread.
Ante post: you can place a bet long in advance of an event actually taking place. This is referred to as an ante post bet, and can be placed sometimes months and sometimes years in advance.
Arbitrage betting: arbitrage betting is a process through which punters/gamblers aim to make a profit by betting on all possible outcomes of an event, at different odds. It involves taking advantage of the variation in odds offered by different bookmakers, and calculating an appropriate stake level that will ensure any losses are covered by winnings in all potential outcomes.
Asian handicap: asian handicap betting offers the possibility of split handicaps, allowing you to bet on selections that are handicapped.
Banker: a selection that is very fancied to win.
Bet: laying money on the successful prediction of the outcome of an event
Bonus: a conditional incentive given by bookmakers to entice new or existing account holders to betting activity.
Bookie/Bookmaker: a bookie/bookmaker is the organisation that provides odds on the outcome of events in order to accept bets based on the predictions by customers.
Double bet: two single selections placed on one bet, with the odds being combined to give the bettor higher winnings.
Dutching: the process of backing a bet in order to ensure the same amount of profit if any of your selections win.
Each-way: each-way bet is available in events that feature a winner and a number of other competitors finishing in a sequence of places. The bet involves a single selection but is comprised of two bets: one to win bet and the other to place bet other outcome.
Evens: a successful evens bet will return double the stake placed on the bet. Odds will be displayed as 50/50 as fraction and 2.00 as decimal.
Fixed-odds betting: is the traditional form of betting where a bookmaker will offer odds on a specific outcome in a match or event, you guarantee that your potential returns from that bet will not change, regardless of whether or not the odds on that market fluctuate after your bet is placed.
In-play betting: in-play betting is a form of betting that has become hugely popular through online betting sites, which involves placing a bet on a particular outcome after the event has been started.
Limit: maximum bet amount allowed.
Multiples: another term for accumulators.
Place bet: a place bet involves backing a selection to finish in a particular place, in an event.
Underdog: the underdog is a less-favoured team or individual that is expected to lose.
Void: void bets lead to stakes being returned by the bookmaker.