Knowledge Base
Glossary
Plain-English definitions for the terminology used across Coach's Corner.
- 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 and offers two possible winning sides, often with half‑goal lines.
- Bankroll
- The total amount of money you have set aside for placing bets.
- Bet Builder
- A tool that lets you combine several markets from a single match into one custom wager.
- Bookmaker
- The company that sets the odds and accepts bets on sporting events.
- Cash Out
- An option to settle your bet before the match ends, locking in a profit or limiting a loss.
- Cover
- To win by more than the point spread, satisfying the spread condition for bettors who backed the favorite.
- Draw No Bet
- A bet that returns your stake if the match ends in a draw, otherwise you win on the chosen side.
- Free Bet
- A bonus bet credited to your account that can be used to place wagers without using your own funds.
- Futures
- A bet placed on an outcome that will be decided later in the tournament, such as who wins the World Cup.
- Half-Time Bet
- A wager placed on the outcome at the end of the first half, separate from the full‑time result.
- Handicap
- A points or goals adjustment applied to a team to level the playing field for betting purposes.
- In-play
- Placing a bet while the match is ongoing, with odds that update as the game progresses.
- Juice
- The commission or fee that a bookmaker charges for taking a bet, built into the odds.
- Kelly Criterion
- A mathematical formula that calculates the optimal size of a bet based on your edge and the odds.
- Moneyline
- A bet on which team will win the match outright, with odds reflecting each team's chance.
- Odds
- Numbers that indicate how likely an event is to happen and how much you can win relative to your stake.
- Over/Under
- A wager on whether the total number of goals scored in a match will be over or under a set line.
- Parlay
- A single bet that combines two or more selections; all must win for the bet to pay out.
- Payout
- The total amount you receive back from a winning bet, including your original stake.
- Point Spread
- A handicap added to a team's score to create balanced odds for both sides.
- Stake
- The amount of money you wager on a bet.
- Value Bet
- A bet where the odds offered are higher than the true probability of the outcome, indicating potential profit.
- Wagering Requirement
- A condition that states how many times you must bet a bonus amount before any winnings can be withdrawn.