Knowledge Base
Glossary
Plain-English definitions for the terminology used across ဘောလုံးလမ်းညွှန်.
- Accumulator
- A single bet that links multiple selections; all must win for the bet to pay out.
- Arbitrage
- Exploiting differences in odds across bookmakers to guarantee a profit regardless of the result.
- Asian Handicap
- A handicap applied to a team to level the match, giving a +/- goal advantage to the favorite or underdog.
- Bankroll
- The total amount of money set aside for placing bets.
- Betting Exchange
- A platform where bettors can back and lay against each other, acting as a marketplace rather than a traditional bookmaker.
- Cash Out
- A feature allowing you to settle a bet early, either locking in a profit or cutting a loss before the event ends.
- Decimal Odds
- Odds expressed as a single number, showing the total payout for each unit wagered (including the stake).
- Favorite
- The team or player considered most likely to win, typically with lower odds.
- Fractional Odds
- Odds shown as a fraction, indicating the profit relative to the stake (e.g., 5/1 means 5 units profit per 1 unit stake).
- Free Bet
- A promotional credit given by a bookmaker that can be used to place a bet, usually without requiring a stake.
- Hedging
- Placing a second bet on the opposite outcome to reduce risk or guarantee a profit.
- In-Play Betting
- Placing bets on a match after it has started, with odds that update as the game progresses.
- Loyalty Program
- A reward system that gives regular bettors points or perks based on their betting activity.
- Margin
- The bookmaker’s built-in advantage, expressed as a percentage, which ensures profit regardless of the outcome.
- Matched Betting
- Using free bets and lay bets to create a risk-free profit by covering all possible outcomes.
- Moneyline Odds
- Odds expressed as a positive or negative number, showing how much you need to bet or how much you win on a $100 wager.
- Odds Compiler
- A specialist who analyzes data to set accurate and balanced odds for events.
- Over/Under
- A bet on whether the total number of goals (or points) in a match will be over or under a set number.
- Parlay
- A bet that combines two or more selections; all must win for a payout, offering higher odds than single bets.
- Spread
- The point difference set by the bookmaker to balance the odds between two teams.
- Stake
- The amount of money you risk on a particular bet.
- Underdog
- The team or player expected to lose, often with higher odds and potential for larger payouts.
- Value Bet
- A bet where the odds offered are higher than the true probability suggests, giving an expected positive return.
- Vigorish
- The fee or commission a bookmaker charges on losing bets, also called "juice".
- Wagering Requirement
- The number of times you must bet a bonus amount before you can withdraw any winnings derived from it.