Knowledge Base
Glossary
Plain-English definitions for the terminology used across ព័ត៌មាន World Cup.
- American Odds
- Odds expressed as a positive or negative number; positive shows profit on a $100 bet, negative shows amount needed to win $100.
- Bankroll
- The total amount of money set aside for betting, separate from everyday finances.
- Bookmaker
- A company or person that sets odds and accepts bets on sporting events.
- Cashout
- The option to settle a bet before the event ends, locking in a profit or limiting a loss.
- Decimal Odds
- A way to display odds as a single number (e.g., 2.50) that includes the stake in the total payout.
- Edge
- The statistical advantage a bettor believes they have over the bookmaker's odds.
- Fade
- To bet against a team or outcome that the majority is backing, hoping the public's choice fails.
- Fractional Odds
- Odds shown as a fraction (e.g., 3/2) that indicates the profit relative to the stake.
- Handicap
- A numerical advantage or disadvantage assigned to a team to balance the betting odds.
- In-Play Betting
- Placing bets on a match after it has started, with odds that update as the game progresses.
- Juice
- The commission charged by the bookmaker on a losing bet, also called vigorish.
- KYC
- "Know Your Customer," a process where the bookmaker verifies a player's identity and age to comply with regulations.
- Moneyline
- A bet that picks the winner of a match without any point spread, expressed as a positive or negative number.
- Odds
- The likelihood of an outcome expressed as a number, determining how much a winning bet pays.
- Over/Under
- A bet on whether the total combined score of a match will be higher or lower than a number set by the bookmaker.
- Parlay
- A single bet that links two or more selections; all must win for the parlay to pay out.
- Point Spread
- A handicap set by the bookmaker to give each team an equal chance of covering, adding or subtracting points to the final score.
- Prop Bet
- A wager on a specific event within a match, such as which player scores first, unrelated to the final result.
- Public Money
- The amount of bets placed by casual bettors, often used to gauge market sentiment.
- Self-Exclusion
- A voluntary program that allows a player to block themselves from betting on the platform for a set period.
- Steam
- Rapid, widespread movement of odds caused by heavy betting action on one side.
- Unit
- A standard measurement of bet size, often a small percentage of the bankroll, used to manage risk.
- Value Bet
- A bet where the odds offered are higher than the true probability of the outcome, giving an expected edge.