Glossary

Owned by Raiko Pajur
Feb 13, 2023
2 min read

Betslip

A betslip is used by players to assemble the bets they wish to place. Betslips are used in traditional betting shops as pieces of paper and most bookmaker sites use an online equivalent. A betslip may contain just a single bet or any number of separate bets. Once the player is happy with the bets in their betslip they will submit it and at this point the bets are placed and paid for.

Leg

A leg within a multibet relates to a particular outcome being bet upon. Examples:

  • Arsenal to Win

  • Arsenal to Score the First Goal

Market

A set of outcomes on which the player can make a bet.

These range from simple ("Team A will beat Team B") to ("Player A will score at least two goals"). Markets usually have two or more outcomes (opposite/mutually exclusive), each with its own odds. 

Markets will often relate to a particular Sporting Fixture, e.g. the Match Result market for Watford v Arsenal on Mar 6, 2022. There could be a Match Result market available for betting for every Football fixture, each of them sharing a common structure or Market Type.

Market Type

Markets can be classified into standard types. For instance a Match Result market for Football (Soccer) will always have three Selections corresponding to:

  • Home Team Win

  • Draw

  • Away Team Win

Genius gives each Market Type a unique id.

Multibet

  • Multibet - a new industry leading product provided by Genius Sports.

  • multibet - a combination of legs created by punter in Genius Sports UI Widget.

Price

The price, also known as the odds is provided for each outcome on a market.