Knowledge Base
Glossary
Plain-English definitions for the terminology used across ព័ត៌មាន World Cup.
- Arbitrage
- Exploiting differences in odds across bookmakers to place bets on all possible outcomes and guarantee a profit.
- Asian Handicap
- A type of bet that gives the underdog a virtual head start and the favorite a deficit, making only two possible outcomes instead of three.
- Back Bet
- A conventional bet that a specific outcome WILL happen, placed with a bookmaker or on an exchange.
- Bankroll Management
- The practice of deciding how much money to risk on each bet to protect your funds from big losses.
- Bet Builder
- A feature that lets you combine multiple markets from the same match into one customized wager.
- Bet Settlement
- The process of determining the final outcome of a bet after the event ends and applying the result to the wager.
- Betting Exchange
- An online platform where customers bet against each other, with the exchange taking a small commission on winnings.
- Cash Out
- An option to settle your bet before the match ends, receiving a payout that is less than the potential full win.
- Dutching
- Distributing your stake across several outcomes in the same event so that whichever result occurs you win the same amount.
- Enhanced Odds
- Temporary odds that are higher than the normal market price, offered to attract customers.
- Free Bet
- A promotional token given by a bookmaker that can be used to place a bet, with any winnings (but not the stake) returned.
- Hedge
- Placing a second bet on the opposite outcome to reduce potential loss or lock in a guaranteed profit.
- In-Play Betting
- Placing bets on events while a match is already in progress, with odds that update in real time.
- Juice
- The commission or fee that a bookmaker adds to the odds, usually reflected as a small percentage on each bet.
- Lay Bet
- A bet that a specific outcome will NOT happen, typically placed on a betting exchange against other customers.
- Matched Betting
- Using free bets and promotions together with lay bets on an exchange to generate risk-free profits.
- Maximum Payout
- The highest amount a bookmaker will pay out on a winning bet, regardless of the actual odds.
- Moneyline
- A straightforward bet on which team will win the match, with odds reflecting the probability of each outcome.
- Over/Under
- A bet on whether the total number of goals scored in a match will be higher or lower than a number set by the bookmaker.
- Parlay
- A single bet that links two or more individual bets; all selections must win for the parlay to pay out.
- Push
- A tie result in a point-spread or over/under bet where the bookmaker refunds all wagers.
- Risk-Free Bet
- A promotion that refunds your stake as a free bet if your first wager loses, up to a set amount.
- Rollover Requirement
- The number of times you must wager a bonus or free bet before you can withdraw any winnings.
- Value Bet
- A bet where the odds offered are higher than the true probability of the outcome, giving an expected positive return over time.
- Void Bet
- A bet that is cancelled and the stake is returned, usually because the event was postponed or the market was not settled.