Knowledge Base
Glossary
Plain-English definitions for the terminology used across Coach's Corner.
- Accumulator
- A bet that combines multiple selections, with winnings rolling over from one pick to the next.
- American Odds
- Odds expressed as a positive or negative number, showing how much you win on a 100-unit stake.
- Asian Handicap
- A spread betting system that eliminates the draw outcome and gives each team a handicap, often expressed in fractions.
- Bankroll
- The total amount of money set aside for betting activities.
- Bet Builder
- A feature allowing you to combine different markets from a single match into one wager.
- Bonus
- Extra funds or free bets offered by a sportsbook, often tied to deposit amounts.
- Bookmaker
- The company or platform that sets odds and accepts bets from customers.
- Cash Out
- The option to settle a bet before the event ends, locking in a profit or minimizing a loss.
- Correct Score
- A bet on the exact final score of a match, such as 2-1 or 3-0.
- Decimal Odds
- A way to express odds as a single number, showing the total payout per unit staked (including the stake).
- Fractional Odds
- Odds shown as a fraction, indicating the profit you make relative to your stake.
- Free Bet
- A no-cost bet token that can be used to place a wager, with any winnings usually returned minus the stake.
- Hedge
- Placing a bet on the opposite outcome to reduce risk or guarantee a profit.
- House Edge
- The built-in advantage a sportsbook holds, ensuring it profits over the long term.
- In-Play Betting
- Placing bets on a match while it is already in progress, with odds that update as the game unfolds.
- Kelly Criterion
- A formula used to determine the optimal size of a bet based on the edge and odds.
- Lay Bet
- A bet that a particular outcome will not happen, typically used on betting exchanges.
- Moneyline
- A bet on which team will win a match, with odds presented as a positive or negative number.
- Odds
- The chance of a particular outcome expressed as a number, showing how much you can win relative to your stake.
- Over/Under
- A bet predicting whether the total number of goals in a match will be higher or lower than a set figure.
- Parlay
- A single bet that links two or more selections; all must win for the bet to pay out.
- RTP
- The percentage of total wagered money that a game returns to players over time.
- Stake
- The amount of money you risk on a bet.
- Value Bet
- A wager where the odds offered are higher than the true probability of the outcome, giving an expected positive return.
- Wagering Requirement
- The number of times you must bet a bonus before you can withdraw any winnings.