Knowledge Base
Glossary
Plain-English definitions for the terminology used across ការវាយតម្លៃប្រកួត.
- American Odds
- Odds expressed as a positive or negative number; positive shows how much you win on a $100 bet, negative shows how much you must bet to win $100.
- Arbitrage
- Taking advantage of differing odds across books to guarantee a profit regardless of the outcome.
- Bankroll
- The total amount of money you have set aside for betting.
- Cashout
- A feature that lets you settle a bet before the event ends, locking in a certain amount of winnings or cutting a loss.
- Decimal Odds
- A way to express odds as a single number, showing the total payout for each $1 wagered.
- Exchange
- A platform where bettors can back and lay bets against each other, often with lower fees than traditional sportsbooks.
- Fractional Odds
- Odds shown as a fraction, indicating how much profit you make relative to your stake.
- Free Bet
- A promotional credit you can use to place a bet; any winnings are usually paid out, not the stake.
- Futures Bet
- A wager placed on an outcome that will be decided far in the future, like which team wins the World Cup.
- Hedge
- Placing a bet on the opposite side of an existing bet to lock in a profit or reduce potential loss.
- In-Play Betting
- Betting on a match after it has started, with odds that change as the game unfolds.
- Juice
- The extra fee added to a bet’s odds that the sportsbook keeps as profit.
- Kelly Criterion
- A formula that calculates the optimal size of a bet based on your perceived edge.
- Lay Bet
- Betting against an outcome on a betting exchange, acting as the bookmaker.
- Matched Betting
- A technique that uses free bets and promotions to create risk-free profits by covering all outcomes.
- Moneyline
- A bet on which team will win a match outright, with odds adjusted for each side.
- Over/Under
- A bet on whether the total score of a match will be higher or lower than a set number.
- Parlay
- A single bet that links two or more individual wagers and pays out only if all of them win.
- Point Spread
- A handicap given to the underdog and a advantage to the favorite to level the betting field.
- Prop Bet
- A bet on a specific event within a match, such as which player scores first, unrelated to the final result.
- ROI
- Return on Investment; the net profit or loss from betting expressed as a percentage of the total amount wagered.
- Unit
- A standard amount of money used to measure the size of a bet, often a small percentage of your bankroll.
- Value Bet
- A bet where the odds offered are higher than the true probability of the outcome, giving you an edge over the book.
- Wagering Requirement
- The number of times you must bet a bonus before you can withdraw any winnings from it.