Knowledge Base
Glossary
Plain-English definitions for the terminology used across နည်းပြရှုထောင့်.
- Accumulator
- A single bet that combines multiple selections, all of which must win for the bet to pay out.
- Asian Handicap
- A handicap given to a team to even out the match, expressed as a positive or negative number that the final score is adjusted by.
- Backer
- In a betting exchange, a person who bets on an outcome to happen.
- Bankroll
- The total amount of money set aside for betting activities.
- Bookmaker
- A company or individual that sets odds and accepts bets on sporting events.
- Cash Out
- A feature that lets you settle a bet before the event ends, locking in a profit or minimizing loss.
- Dutching
- Placing multiple bets on different outcomes of the same event to guarantee a profit regardless of the result.
- Free Bet
- A promotional token that allows you to place a bet without using your own money, winnings usually returned without the stake.
- Futures
- A bet on the outcome of a tournament or award, settled at the end of the season.
- In-Play
- Same as live betting; refers to odds offered during the match.
- Juice
- The commission that a bookmaker charges for taking a bet, usually built into the odds.
- Kelly Criterion
- A mathematical formula used to determine the optimal size of a bet based on the perceived edge and odds.
- Layer
- In a betting exchange, a person who offers odds against an outcome, acting like a bookmaker.
- Live Betting
- Placing bets on a game while it is in progress, with odds that update as the action unfolds.
- Margin
- The bookmaker's profit margin expressed as a percentage of the total odds, representing the overround.
- No Deposit Bonus
- A bonus credited to your account just for signing up, no deposit required, often with wagering conditions.
- Over/Under
- A bet on whether the total number of goals (or points) in a match will be higher or lower than a line set by the bookmaker.
- Parlay
- A bet that links two or more outcomes; all must be correct for a win, offering higher odds than single bets.
- Prop Bet
- A side bet on a specific event within a match, such as which player scores first or number of yellow cards.
- Provably Fair
- A system that uses cryptographic algorithms to ensure the fairness of casino games, allowing players to verify results.
- RTP
- Return to Player; the theoretical percentage of total wagered money a casino game pays back to players over time.
- Stake
- The amount of money you risk on a bet.
- Surebet
- A situation where odds on all possible outcomes guarantee a profit regardless of the result.
- Value Bet
- A selection where the odds offered are higher than the true probability suggests, giving an edge to the bettor.
- Wagering Requirement
- The number of times you must bet a bonus amount before you can withdraw any winnings from it.