Knowledge Base
Glossary
Plain-English definitions for the terminology used across Coach's Corner.
- Accumulator
- Accumulator is a single bet that combines multiple selections, and all must win for the bet to pay out.
- Age Verification
- Age Verification is a check to confirm that a bettor is of legal gambling age.
- Arbitrage
- Arbitrage is betting on all possible outcomes of an event across different bookmakers to guarantee a profit.
- Bankroll
- Bankroll is the total amount of money a bettor sets aside for placing bets.
- Bookmaker
- Bookmaker is a company or person that accepts bets and sets odds for sporting events.
- Cash Out
- Cash Out is a feature that allows a bettor to settle a bet before the match ends, either for a profit or a loss.
- Free Bet
- Free Bet is a bet placed with no risk of losing the stake, often given as a promotional offer.
- Handicapping
- Handicapping is the process of analyzing and predicting the outcome of a match to find an edge.
- Hedging
- Hedging is placing a bet on the opposite side of an existing bet to reduce risk or lock in a profit.
- Juice
- Juice is the fee or commission that a bookmaker charges for taking a bet, often built into the odds.
- Kelly Criterion
- Kelly Criterion is a formula used to determine the optimal size of a bet based on the edge and odds.
- KYC
- KYC, or Know Your Customer, is the process of verifying a bettor's identity to prevent fraud and ensure legal compliance.
- Line Movement
- Line Movement refers to changes in the odds or point spread after they are first posted, often due to betting action.
- Live Betting
- Live Betting is betting on a match while it is in progress, with odds that update as the game unfolds.
- Moneyline
- Moneyline is a bet on which team will win a match, with odds shown as a positive or negative number.
- Odds
- Odds are the likelihood of an outcome expressed as a number, determining how much a bet can win.
- Over/Under
- Over/Under is a bet on whether the total number of goals scored in a match will be over or under a set number.
- Point Spread
- Point Spread is a bet on how much a team will win or lose by, with the favorite giving points and the underdog receiving points.
- Responsible Gambling
- Responsible Gambling refers to practices and tools that help bettors stay in control and avoid gambling-related harm.
- ROI
- ROI, or Return on Investment, measures the profit or loss generated relative to the amount wagered.
- Self-Exclusion
- Self-Exclusion is an option for a bettor to voluntarily ban themselves from betting for a set period.
- Stake
- Stake is the amount of money wagered on a bet.
- Value Bet
- Value Bet is a bet where the odds offered by the bookmaker are higher than the true probability of the outcome.
- Wagering Requirement
- Wagering Requirement is the number of times a bonus must be wagered before it can be withdrawn.
- Welcome Bonus
- Welcome Bonus is a promotion offered to new customers, usually a free bet or deposit match.