Knowledge Base
Glossary
Plain-English definitions for the terminology used across ការវិភាគក្រុម.
- Accumulator
- A type of bet that combines multiple selections into one wager, with winnings reinvested from each winning leg.
- Arbitrage
- Placing bets on all possible outcomes of an event across different bookmakers to guarantee a profit regardless of result.
- Asian Handicap
- A handicap system that eliminates the draw outcome, giving each team a +/- goal spread to equalize chances.
- Bankroll
- The total amount of money set aside for betting.
- Bet Settlement
- The process of finalizing the result of a bet and paying out winnings after the event concludes.
- Cashout
- A feature allowing bettors to settle a bet before the event ends, either locking in a profit or minimizing a loss.
- Futures Bet
- A wager placed on an outcome that will be decided far in the future, such as which team wins the World Cup.
- Implied Probability
- The chance of an outcome as suggested by the odds, calculated by dividing 1 by the odds.
- In-Play Betting
- Placing bets after the match has started, with odds that update as the game progresses.
- Juice
- The commission charged by the bookmaker on a bet, typically built into the odds.
- Kelly Criterion
- A mathematical formula that calculates the optimal size of a bet based on the edge and odds.
- Moneyline
- A straightforward bet on which team will win the match, with odds that reflect each team’s likelihood of winning.
- Odds
- The numerical representation of the likelihood of an outcome, determining how much a winning bet will pay out.
- Over/Under
- A bet on whether the total number of goals scored in a match will be higher or lower than a line set by the bookmaker.
- Parlay
- A single bet that links multiple selections; all must win for the bet to pay out, offering higher odds but greater risk.
- Point Spread
- A handicap set by the bookmaker to give each team an equal chance of covering the spread, expressed as a margin of points.
- Prop Bet
- A bet on a specific event within a match that doesn’t affect the final result, like which player scores first.
- Public Money
- The amount of bets placed by casual bettors, which can influence line movement.
- Stake
- The amount of money wagered on a bet.
- Steam Move
- A rapid shift in odds or line across many bookmakers, often caused by heavy betting action.
- Unit
- A standardized bet size, often a small percentage of the bankroll, used to manage risk.
- Value Bet
- A bet where the odds offered are higher than the true probability of the outcome, giving an edge to the bettor.
- Void Bet
- A bet that is cancelled and all stakes are returned, usually due to a match being postponed or a rule violation.