Knowledge Base
Glossary
Plain-English definitions for the terminology used across Coach's Corner.
- Arbitrage
- Arbitrage (or surebet) involves betting on all possible results of an event across different bookmakers to guarantee a profit.
- Asian Handicap
- Asian Handicap splits the handicap into two parts, eliminating the draw option and offering more balanced odds in soccer betting.
- Back
- To back a bet means to wager that a particular outcome will happen, the opposite of laying.
- Bankroll
- Your bankroll is the total money you have set aside for placing bets.
- Bet Builder
- Bet Builder is a tool that lets you combine different markets from the same match into a single custom wager.
- Cash Out
- Cash Out allows you to settle a bet before the event ends, offering a guaranteed amount either to lock in profit or cut a loss.
- Dutching
- Dutching spreads your stake across several outcomes so that you profit regardless of which one wins.
- Enhanced Odds
- Enhanced odds are special, higher odds offered on a specific event, giving you a bigger payout if your bet wins.
- Expected Value
- Expected Value is the average amount a bet is predicted to win or lose per unit wagered over time.
- Handicapping
- Handicapping is the process of studying stats, form, and other factors to judge the true likelihood of an outcome.
- In-play Betting
- In-play betting lets you place bets after a match has started, with odds that change as the action unfolds.
- Juice
- Juice, also called vig, is the commission a bookmaker adds into the odds, reducing the payout compared to true probability.
- KYC
- KYC is the verification process where you provide ID and proof of address to confirm your identity before betting.
- Lay
- To lay a bet means to act as the bookmaker and wager that a particular outcome will not happen.
- Moneyline
- A Moneyline bet is a wager on which team will win the match, with odds shown as a positive or negative number.
- Odds
- Odds express how likely a particular outcome is and determine how much you can win if your bet succeeds.
- Over/Under
- An Over/Under bet predicts whether the total number of goals or points scored will be more or less than a set figure.
- Parlay
- A Parlay combines two or more selections into a single wager; every choice must win for the bet to pay out.
- ROI
- ROI measures the net profit or loss from your bets relative to the total amount wagered.
- Self-Exclusion
- Self-Exclusion is a voluntary option to block your betting account for a set period, helping you take a break from gambling.
- Spread
- A Spread assigns a handicap to the underdog so both teams have an equal chance of covering the line.
- Stake
- The stake is the amount of money you risk on a single bet.
- Unit
- A unit is a standard stake size, usually a small percentage of your bankroll, used to manage risk.
- Value Bet
- A value bet occurs when you believe the true chance of an outcome is higher than the odds offered by the bookmaker.