Betfair/Betdaq trading glossary beginning with B

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B

Back: Betting on a selection to win. You get paid if the selection wins. The higher price you can get, the better for you.
Backer: Person who placed or is trying to place a Back bet.
Betdaq: Betdaq is the second largest betting exchange in the world and it is good to have an account here. Register with our link and get 3% commission + £500 in free bets.
Betfair: An account with Betfair - An absolute must have for every trader or bettor. Register with our link and get £20 free bet + £1000 cashback.
Betting Profit & Loss: Profits or loses over a timescale. Also a section in the "My Account" section of the Exchange websites.
Book: A set of prices on a number of runners in a market, priced so that the market overround is 100% or more.
Bookmaker: Person or a company who is creating market prices, then accepting bets at these prices.
Bot: A program that automatically places bets on exchange.