Glossary in plain English
The terms you’ll meet on betting sites and in HGC announcements, without the marketing language. Each with its Greek equivalent.
A
- Accumulator (παρολί)(acca)
- A bet slip with two or more selections that must all win. The odds multiply, and so does the margin of each market.
- See also:Singles, accumulators, systems
B
- Bet slip (δελτίο)
- The list of your selections and your stake, before and after you place it.
- Blacklist (μαύρη λίστα)(list of unlicensed operators)
- The HGC’s list of websites that offer unlicensed gambling in Greece. Internet providers block access to them. It does not necessarily include every illegal website.
C
- Cash-out (cash-out)
- The option to settle a bet before the matches finish, for an amount set by the operator. The offer includes a margin again.
- See also:Cash-out
D
- Deposit limit (όριο κατάθεσης)
- The most you can deposit or lose in a period. You set it in your account before you start.
- See also:Limits and self-exclusion
H
- HGC (ΕΕΕΠ)(Hellenic Gaming Commission)
- The Hellenic Gaming Commission, the gambling regulator in Greece. It issues the licences and keeps the register of licence holders and the list of unlicensed operators (blacklist).
I
- Implied probability (τεκμαρτή πιθανότητα)
- The probability that matches a price: 1 ÷ odds. 1.85 corresponds to 54.1%. It is the operator’s price, not the real probability.
- See also:Odds
- In-play betting (live στοίχημα)(live betting)
- Betting on a match that is already under way. Odds change constantly and decisions are made quickly: set a limit before you start.
M
- Margin (περιθώριο)(overround)
- The share of every stake the operator keeps over time. You see it when the implied probabilities of one market add up to more than 100%.
- See also:The operator’s margin
- Market (αγορά)
- One question about a match with all its possible outcomes, e.g. "Full-time result: 1, X, 2" or "Over/Under 2.5 goals".
O
- Odds (αποδόσεις)(decimal odds)
- The number that shows how much is returned for every €1 staked, including the stake, if the outcome happens. In Greece odds are usually shown in decimal form (e.g. 1.85).
- See also:How odds work
R
- Register of licence holders (μητρώο κατόχων άδειας)(white list)
- The HGC’s public list of companies holding an online licence: company, licence code, type, website and expiry. Being on the list is sufficient proof that a licence exists.
S
- Self-exclusion (αυτοαποκλεισμός)
- A request by the player to be excluded from gambling for a set or indefinite period. It is made to each operator separately; for all of them at once, through the HGC (info@hgc.gov.gr, with a declaration signed through gov.gr).
- See also:Limits and self-exclusion
- Single (μονό)
- A bet on one outcome only. It wins if that outcome happens.
- See also:Singles, accumulators, systems
- System bet (σύστημα)
- A slip that plays many combinations of your selections (e.g. every double from three matches). Each combination is a separate line you pay for.
- See also:Singles, accumulators, systems
T
- Type 1 licence (άδεια Τύπου 1)
- The HGC licence for online betting. Law 4002/2011 provides two online licence types: Type 1 for betting and Type 2 for other online games, each valid for 7 years. This guide covers betting only.
W
- Wagering requirement (rollover)(rollover)
- An offer condition that sets how many times you must bet an amount before you can withdraw it.