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. GG stands for goal goal. In soccer betting, this means that both teams will score a goal in the game. The opposite would be NG, which means that you expect neither side to score in the match, or no goal.
1 or gg: home win or both team score: 1 or ng: home win or no goal. 2 or gg: away win or both team score: x or gg: draw or both team score. X or ng: draw or no goal: x and gg: draw and both team score: x and ng: draw and both team not to score: 1xht: home win or draw 1st half. 12ht: any team win 1st half time.
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).
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?
What Does Gg Mean In Betting
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.
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.
What Does Gg/ng 2+ Mean In Betting
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.
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
The Committee for Home Affairs is responsible for the licensing, registration and regulation of gambling. Gambling in Guernsey is regulated by a number of different pieces of legislation. The primary piece of legislation is the Gambling (Guernsey) Law, 1971. There are other specific Ordinances which relate to specific types of gambling.
For information on the Channel Islands Christmas Lottery please click here. The States Trading Supervisory Board has responsibility for the Channel Islands Christmas Lottery and the scratch-cards.
Amusements with prizes
- Amusements with prizes are permitted at agricultural and horticultural shows and at pleasure fairs where the main amusement is provided by 'showmen'.
- Amusements with Prizes can take a variety of forms and you are advised to contact the Office of the Committee for Home Affairs to take advice on what is required.
Bookmakers and Betting Offices
- Bookmakers' and Betting Offices must act in accordance with the Gambling (Betting) Ordinance, 1973.
- This Ordinance limits the number of Bookmakers in Guernsey and sets out the rules regarding Betting Offices.
- If you would like further information on this area, or would like to make a complaint about a Betting Office or Bookmaker, please contact the Office of the Committee for Home Affairs on 01481717353 homeaffairs@gov.gg.
Cinema Racing
- 'Cinema Racing' is the showing of films of horses racing whereby persons may place bets prior to the screening in order to receive cash prizes should their horse win.
- How do I make an application?
- Persons wishing to stage a Cinema Racing Event should download and complete the relevant application form on this page. Attention should be paid to all terms and conditions.
- Where do I send my application?
- Completed applications should be sent, together with the appropriate payment, to the Office of the Committee for Home Affairs .Applications can also be return to homeaffairs@gov.gg
- After the event
- Once the event has taken place, the promoter must complete a Form of Return and return this document to the Office of the Committee for Home Affairs.
- A Form of Return will usually be sent out to the applicant at the same time as their approved Permit. The Form of Return is otherwise available for download from this page.
- How much does a Permit cost? How can I pay?
- A Permit costs £40. Should you wish to pay by any other mean than cheque, you can by consulting the 'How to Pay' document available in the downloadable section and quoting reference HM5426 250060.
Crown & Anchor
- 'Crown and Anchor' is a table dice game which dates back to the 18th Century when it was popular among sailors of the British Royal Navy. It is a popular feature at the Island's agricultural and horticultural shows, horse racing meetings and regattas.
- Crown and Anchor Operators
- Crown and Anchor tables may only be operated by approved licence holders. These licences need to be renewed on an annual basis.
- Lists of approved Crown and Anchor Operators are available from the Office of the Committee for Home Affairs on request.
- Crown and Anchor Table Permits
- Before holding Crown and Anchor at an event, individuals must apply for a Crown and Anchor Table Permit. Forms are available for download from this page. Attention should be paid to all terms and conditions.
- All applications must be accompanied by the following:
- Written approval from the Parish Constables for the application;
- A signed statement of agreement from the occupier of the land on which the event is proposed to take place;
- Appropriate payment for the permit.
- Where do I send my application?
- Completed applications should be sent, together with the appropriate payment, to the Office of the Committee for Home Affairs. Applications can also be return to homeaffairs@gov.gg
- How much does a Permit cost? How can I pay?
- A Table Permit costs £100 per day per table. Should you wish to pay by any other mean than cheque, you can by consulting the 'How to Pay' document available in the downloadable section and quoting reference HM2561 250060.
Private Lottery (Raffles)
- Lotteries can be promoted in Guernsey for charitable purposes, in participation of or in support of games, sports, or cultural activities and for other purposes which are not for the purpose of private gain.
- How do I make an application?
- Persons wishing to make application to organise a private lottery (raffle) can download and complete the relevant application form from this page. Terms and conditions are included in this document.
- Where do I send my application?
- Completed applications should be sent, together with the appropriate payment, to the Office of the Committee for Home Affairs . Applications can also be return to homeaffairs@gov.gg
- After the event
- Once the event has taken place, the promoter must complete a Form of Return and return this document to the Office of the Committee for Home Affairs .
- A Form of Return will usually be sent out to the applicant at the same time as their approved Permit. The Form of Return is otherwise available for download from this page.
- How much does a Permit cost? How can I pay?
- A Permit costs £50. Should you wish to pay by any other mean than cheque, you can by consulting the 'How to Pay' document available in the downloadable section and quoting reference HM2982 250060.
Frequently Asked Questions
The Office of the Committee for Home Affairs ('Home Affairs') is unable to provide definitive legal advice in relation to an individual proposal, in order to ensure its independence and impartiality and we encourage you to seek your own legal advice before proceeding with any promotion locally.
The following set of frequently asked questions and answers has been put together to provide further clarity in relation to the promoting gambling locally.
Do I need a licence or permit to promote a lottery (or raffle) for charity, locally?
- A lottery (or raffle event) is considered to be a form of gambling as defined in the Gambling (Guernsey) Law, 1971.
- If you wish to promote a lottery (or raffle) in advance of the draw i.e. you want to sell the tickets in the days or months leading up to the date of the draw, you will need to apply for a permit.
- If you wish to promote a lottery (or raffle) and you are selling the tickets on the same day as the draw then you do not need to apply for a licence. This is called an 'incidental lottery'.
- Incidental lotteries are 'incidental' to the event, meaning that the lottery is not the only reason why someone would attend the event. For example, a dinner and dance event with a raffle during the event to raise money for a charity, or a raffle / tombola at a school fete.
- 'Incidental lottery' tickets can only be sold on the premises of the event, whist the event is taking place, to those present at the event. The price of tickets should be the same, although it is possible for a discount to be afforded for multiple ticket sales.
- Lotteries and raffles may be promoted locally in Guernsey, Herm & Jethou. They must be 'promoted' for, or on behalf of, a charity or a society established for charitable purposes or for participating in athletic sports, games or cultural activities.
- Lotteries and raffles cannot be promoted for private gain or for any commercial undertaking.
- The money raised from the lottery, after deducting expenses, must be given the specified charity or used for the purposes of the society and promoters must complete a form of return. The promoter must be duly authorised in writing by the society to promote the lottery.
- Tickets in any lottery or raffle should cost no more than £1, unless specific permission is sought, for example for a 'million pound lottery'. No person under the age of 16 is allowed to sell or purchase tickets and no prize should be worth more than £100, except when permission is granted.
- No notice or advertisement shall be exhibited or published without permission from Home Affairs unless;
- · distributed to members of the society only
- · the notice is the ticket
- · the notice is the notice about the winning tickets
- · a notice of the profits of the lottery and how applied to the charity or society
Can I sell lottery tickets online / by post?
- The Law requires that lotteries be promoted by person's present in the Bailiwick and that 'no person shall, whether as principal or as servant conduct any business in the course of which any gambling transaction is negotiated or entered into with, or on behalf of a stranger.' A stranger is defined as 'a person who is not actually present in the Bailiwick of Guernsey, or, in the case of a lottery promoted by the States and the States of Jersey, is not actually present in the Channel Islands, and includes a body corporate whether incorporated in the Bailiwick of Guernsey or elsewhere.'
- The Law prohibits sending tickets through the post to persons who are not already a member of the society to which the lottery is being promoted.
- Further, the Law strictly prohibits young people (under 16) from gambling.
- Promoters must therefore sell tickets to the lottery in person. Firstly, to ensure that no person under the age of 16 is allowed to enter into the draw, but also to ensure that anyone purchasing a ticket is present within the Bailiwick and that no tickets are sent via the post. Emailing a ticket is equivalent to posting.
Purchasing lottery tickets as a syndicate
- Under the Law, the sale of part of a ticket is prohibited. However, if the sole purchaser of a ticket wished to share the cost of the ticket and agree a share of any winnings, then this private sale is a matter for the ticket purchaser.
Social Media Like & Share and 'Display a sticker' competitions
- Promotions which require an individual to collecting a free sticker to display in their car are not considered to come within the definition of 'gambling' or 'playing a game'. Nor is a promotion on social media which requires an individual to 'Like & Share' a Facebook post/page or Instagram post to enter into a prize draw.
- Anyone considering such promotions should check the terms and conditions of any social media site and seek the permission of any premises where stickers may be available for collection.
Can I organise a Bingo?
- Bingo is considered to be gaming under the Gambling (Guernsey) Law, 1971.
- The following rules apply:
- a. The chances in the game must be equally favourable to all the players
- b. The gaming is conducted so that all the chances are equally favourable
- c. No money or money's worth that is put down by the player is disposed of in any other way other than as payment for prizes
- d. No other payment is required for the person to take part (i.e. a payment required to gain access to the premises)
- e. Young people under the age of 18 may play if they are in the presence of, or have the permission of their parent or guardian
- f. If played in public the gaming must be for purposes other than private gain i.e. fundraising for charity etc.
If you have any further questions please email homeaffairs@gov.gg - please provide as much details as possible.