Springer [Meaning] - MasterTerms.com

Springer

A Springer is a type of bet in sports betting that allows a bettor to combine multiple selections into a single wager while providing a degree of insurance against losing one or more legs of the bet. This betting option typically involves selecting two or more outcomes, where the bettor can receive a partial payout even if some of the selections do not win, as long as a certain number do.

In practice, a Springer bet functions by allowing bettors to choose a primary selection (the main outcome they are betting on) and one or more additional selections. If the primary selection wins, the bettor receives a payout based on the total odds of all selections. If the primary selection loses but one or more additional selections win, the bettor may still receive a reduced payout depending on the terms set by the sportsbook.

Springer Example

For example, a bettor places a Springer bet on a football match by choosing to back Team A to win (the primary selection) and also betting on Team B and Team C to win their respective matches. If Team A wins, the bettor collects the full payout. If Team A loses but Team B and Team C win, the bettor may still receive a partial payout based on the winnings from Team B and Team C.