Knowledge Base
Glossary
Plain-English definitions for the terminology used across ព័ត៌មាន World Cup.
- American Odds
- American Odds use a plus or minus to indicate underdogs and favorites, showing how much you win on a $100 bet.
- Arbitrage
- Arbitrage involves betting on all possible outcomes of an event across different bookmakers to guarantee a profit.
- Asian Handicap
- Asian Handicap gives a team a positive or negative goal spread to level the playing field, eliminating draws.
- Bankroll Management
- Bankroll Management is the practice of setting a budget and staking only a small percentage of it per bet.
- Bookmaker
- Bookmaker is a company that sets odds and accepts bets on sporting events and other outcomes.
- Cash Out
- Cash Out lets you settle a bet before the event ends, locking in a profit or limiting a loss.
- Cashback
- Cashback is a promotion that returns a portion of your losses as a bonus credit.
- Decimal Odds
- Decimal Odds show the total payout per unit staked, including the original stake.
- Fractional Odds
- Fractional Odds display the profit relative to the stake, expressed as a fraction.
- Live Betting
- Live Betting lets you place bets on a match while it is in progress, with odds updating in real time.
- Moneyline
- Moneyline is a straightforward bet on which team will win the match, without any point spread.
- Odds
- Odds represent the likelihood of an outcome and determine how much you can win if your bet succeeds.
- Odds Compiler
- Odds Compiler is an analyst who determines the odds for events based on statistics and market data.
- Over/Under
- Over/Under is a bet on whether the total score in a match will be above or below a set number.
- Parlay
- Parlay is a single bet that links multiple selections; all must win for the bet to pay out.
- Provably Fair
- Provably Fair describes a system that lets players verify the fairness of each game result.
- RTP
- RTP stands for Return to Player, the percentage of total bets a game pays back to players over time.
- Steam
- Steam describes rapid odds movement caused by heavy betting action from professional bettors.
- System Bet
- System Bet is a multi-selection wager that covers several combinations, allowing some selections to lose.
- Unit
- Unit is a standard amount used to measure the size of each bet, typically a fixed fraction of your bankroll.
- Value Bet
- Value Bet occurs when the odds offered are higher than the true probability of the outcome, giving an edge.
- Vig
- Vig, also called juice, is the commission a bookmaker charges for taking a bet, built into the odds.
- Volatility
- Volatility indicates how often and how much a slot game can pay out; high volatility means bigger but rarer wins.
- Wagering Requirement
- Wagering Requirement is the amount of money you must bet before you can withdraw bonus winnings.