When you start matched betting, you're likely to run into a few unfamiliar words and phrases, especially if you use the forum.

Here's some of the most common terms with definitions:

• ARB - Arbitrage bet

• EV - Expected Value or Estimated Value

• FB - Free Bet

• FS - Free spins

• KYC - Know Your Customer (used when verifying accounts)

• MB - Matched Betting

• MBing - Matched Betting

• PA - Profit Accumulator

• QB - Qualifying bet

• QL - Qualifying loss

• OP - Opening Post (the first post in a thread)

• RF - Risk Free

• RTP - Return to player (used on slots, each slot has a return to player %)

• SNR - Stake Not Returned

• SR - Stake Restricted (Depending on thread context)

• SR - Stake Returned (Depending on thread context)

Football specific:

• 2UP - 2 goals up, used for the Bet365 and Paddy early pay out offers

• 4MM - Four means more (offer run by William Hill)

• ACCA - An accumulator bet (a bet of more than one selection in the same bet)

• AGS - Anytime goal scorer

• BTTS - Both teams to score

• CS - Correct score

• FGS - First goal scorer

• FT - Full Time

• HT - Half time

• HT/FT - Half time/full time

• LSG - Last goal scorer

• PUP - Pick your punt (done by Betfred)

• RAB - Request-a-bet (done by Skybet)

• WOP - What odds Paddy (done by PaddyPower)

• WWGI Win, win, get in (Offer run by Coral)

Horse Racing specific:

• BBL - Beaten by a length

• BOG - Best Odds Guarantee

• EW - Each-way

• LATL - Lead at the last

• SP - Starting Price (the odds that a horse starts at)

Bookies (To name a few):

• 365 - Bet365

• 888 - 888Sport

• BF - Betfair

• BFEX - Betfair Exchange

• BFSB - Betfair Sportsbook

• BT - Blacktype

• BV - BetVictor

• HILLS - William Hill

• LADS - Ladbrokes

• MB - Matchbook

• PP - Paddy Power

• SM - Smarkets

• WH - William Hill

What is BOG or Best Odds Guaranteed?