Knowledge Base
Glossary
Plain-English definitions for the terminology used across កីឡដ្ឋាន.
- Arbitrage
- The practice of betting on all possible outcomes of an event across different bookmakers to guarantee a profit.
- Asian Handicap
- A handicap system that splits the line into two parts, eliminating the draw option and reducing the number of possible outcomes.
- Back
- To bet that an outcome will happen, the opposite of a lay.
- Bankroll
- The total sum of money you have set aside for betting purposes.
- Bet Builder
- A feature that lets you combine multiple markets from a single match into one custom bet, often with adjusted odds.
- Betting Exchange
- A platform where bettors can back and lay events against each other, often with lower fees than traditional bookmakers.
- Cash Out
- An option to settle a bet early for a reduced payout, locking in profit or minimizing loss before the event ends.
- Dutching
- Spreading your stake across multiple outcomes so that any win yields a predetermined profit.
- Edge
- The advantage a bettor believes they have over the bookmaker’s odds, often measured as expected value.
- Futures
- A bet placed on an event that will be decided in the future, such as which team wins a tournament.
- Handicap
- An advantage or disadvantage assigned to a team to make the odds more balanced.
- Kelly Criterion
- A mathematical formula that calculates the optimal fraction of your bankroll to wager based on your perceived edge.
- Lay
- To bet against an outcome occurring, typically done on a betting exchange.
- Live Betting
- Placing bets on a game while it is actually being played, with odds that update in real time.
- Margin
- The bookmaker’s built‑in profit margin, often called juice or vig, reflected in the odds not reflecting true probabilities.
- Matched Betting
- Using free bets and promotions to create risk‑free profit by covering all possible results.
- Moneyline
- A bet on which team will win the match, with odds expressed as a positive or negative number.
- Odds
- The number that tells you how much you can win relative to your stake, reflecting how likely an outcome is expected to happen.
- Over/Under
- A bet on whether the total number of goals, points, or other stats will be more or less than a set figure.
- Parlay
- A single bet that links multiple selections; all must win for the bet to pay out.
- Spread
- A point handicap set by the bookmaker to give the underdog an advantage and the favorite a disadvantage.
- Stake
- The amount of money you risk on a single bet.
- Unit
- A standardized bet size, often expressed as a small percentage of your bankroll, used to manage risk.
- Value Bet
- A wager where the odds offered are higher than the true probability of the outcome, giving a positive expected value.