Knowledge Base
Glossary
Plain-English definitions for the terminology used across Coach's Corner.
- Arbitrage
- Arbitrage is the practice of exploiting differences in odds across bookmakers to guarantee a profit regardless of the result.
- Asian Handicap
- Asian handicap is a handicap system that removes the draw option and splits the bet into two separate handicaps.
- Bankroll
- Bankroll is the total amount of money you set aside for betting.
- Bankroll Management
- Bankroll management is the practice of controlling how much you wager to protect your funds from rapid loss.
- Bet Builder
- Bet builder is a tool that lets you combine multiple markets from a single match into one custom wager.
- Bookmaker
- Bookmaker is a company or person that sets odds and accepts bets from customers.
- Both Teams To Score
- Both teams to score is a market where you bet on whether each side will score at least one goal during the match.
- Cashout
- Cashout lets you settle a bet before the event ends, locking in a profit or loss immediately.
- Draw No Bet
- Draw no bet is a wager where your stake is refunded if the match ends in a draw, otherwise you win on the winning team.
- Expected Value
- Expected value is the average amount you can expect to win or lose per bet if the situation repeats many times.
- Free Bet
- Free bet is a token you can use to place a bet; winnings are usually returned but the stake is not.
- Hedge
- Hedge is a bet placed on the opposite outcome to reduce risk or lock in a guaranteed profit.
- Juice
- Juice is the commission built into the odds that a bookmaker charges for taking a bet.
- Kelly Criterion
- Kelly criterion is a formula used to calculate the optimal size of a bet based on your perceived edge.
- Live Betting
- Live betting allows you to place bets on a match while it is in progress, with odds that change in real time.
- Moneyline
- Moneyline is a bet on which team will win the match outright, with no point spread involved.
- Odds
- Odds represent the likelihood of an outcome and indicate how much you can win relative to your stake.
- Over/Under
- Over/Under is a wager on whether the total number of goals scored will be higher or lower than a number set by the bookmaker.
- Parlay
- Parlay is a single bet that links multiple selections; all must win for the parlay to pay out.
- Point Spread
- Point spread is a handicap set by the bookmaker to give the underdog an artificial advantage and the favorite a deficit.
- Rollover
- Rollover is the total amount you must wager before bonus funds become withdrawable.
- Stake
- Stake is the amount of money you place on a bet.
- Value Bet
- Value bet is a wager where the odds offered are higher than the true probability of the outcome, giving an expected positive return.
- Wagering Requirement
- Wagering requirement is the number of times you must bet a bonus before you can withdraw any winnings.