Author Topic: cryptocurrency jargon  (Read 809 times)

DavidDiext

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cryptocurrency jargon
« on: February 02, 2018, 08:57:41 AM »
<img src="http://infographic.statista.com/normal/chartoftheday_2476_Crypto_Currency_Market_Capitalization_n.jpg" width="350" align="left" />
 
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Let's say you're putting a bet on the tie between two football teams, to illustrate Newcastle vs Arsenal, and the odds being on offer at kick off is c.85 if the game actually ends from a tie. At kick from you place a bet at 3.85 for that tie to occur. This is called "backing" in Betfair terms, which simply means that you are backing, or "betting for", the tie as the end result of the game, of your house 0-0, 1-1, 2-2 such like. If you do nothing with your placed bet during the course of the game, you will of course win your wager times 3.85.
 
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http://www.wlox.com/story/37362943/news
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