Knowledge Base
Glossary
Plain-English definitions for the terminology used across ပွဲစဉ်သုံးသပ်ချက်.
- Arbitrage Betting
- Placing bets on all possible outcomes of an event across different books to guarantee a profit regardless of the result.
- Asian Handicap
- A handicap given to a team to level the playing field, often with half or quarter goal lines, reducing the possibility of a draw.
- Bankroll Management
- The practice of setting aside a specific amount of money for betting and only risking a small percentage per wager.
- Bookmaker Margin
- The percentage of all money wagered that the book expects to keep as profit, derived from the difference between true odds and offered odds.
- Cash Out
- A feature that lets you settle a bet before the event ends, locking in a profit or limiting a loss based on current odds.
- Decimal Odds
- A way to express odds as a single number that includes your stake; multiplying your stake by this number gives total payout.
- Edge
- The perceived advantage a bettor has over the bookmaker, often calculated from value in the odds.
- Expected Value (EV)
- The average amount you can expect to win or lose per bet if you repeat it many times, based on the odds and probabilities.
- Fractional Odds
- A traditional British odds format shown as a fraction; the top number is profit you win for every bottom number staked.
- Hedge Bet
- Betting on the opposite outcome of an earlier bet to reduce risk or lock in a guaranteed profit.
- In-Play Betting
- Placing a bet after the match has started, with odds that update in real time as the game unfolds.
- KYC (Know Your Customer)
- The verification process where the book confirms your identity and age to comply with regulations and prevent fraud.
- Line Movement
- The change in odds or spreads over time as the book adjusts to betting action or new information.
- Moneyline Odds
- Odds expressed as a positive or negative number that shows how much you must bet (negative) or can win (positive) on a $100 wager.
- Odds
- The number that tells you how much you can win relative to your stake, and reflects the chance the book thinks an outcome will happen.
- Over/Under
- A bet on whether a specific statistic (usually total goals) will be over or under a set number chosen by the book.
- Parlay
- A single bet that links two or more selections; all must win for the bet to pay out, offering higher odds but greater risk.
- Prop Bet
- A side bet on a specific event within a match, such as which player scores first, unrelated to the final result.
- Responsible Gambling Tools
- Features such as deposit limits, self‑exclusion, and reality checks that help you control spending and take breaks when needed.
- Settlement
- The process of finalizing a bet after the event ends, determining whether the wager is a winner and calculating the payout.
- Single Bet
- A straightforward wager on one outcome; you win if that selection wins, lose if it doesn’t.
- System Bet
- A combination of multiple selections arranged in smaller multiple bets, allowing you to win even if some selections lose.
- Value Bet
- A bet where the odds offered are higher than the true probability suggests, giving you a statistical edge over the book.
- Vig/Juice
- The commission the book takes on a bet, built into the odds so the total implied probabilities exceed 100%.
- Void Bet
- A bet that is cancelled and all stakes are returned, usually because the event was postponed, rescheduled, or the market was not offered.