Knowledge Base
Glossary
Plain-English definitions for the terminology used across နည်းပြရှုထောင့်.
- Arbitrage
- Exploiting differences in odds across different bookmakers to guarantee a profit regardless of the result.
- Asian Handicap
- A type of spread betting that eliminates the draw by giving a half‑goal or whole‑goal advantage to the underdog.
- Bankroll Management
- The practice of setting aside a specific amount of money for betting and deciding how much to wager on each bet.
- Bookmaker
- The company or platform that sets the odds and accepts bets.
- Cash Out
- An option to settle your bet before the event ends, locking in a profit or limiting a loss based on the current score.
- Hedging
- Placing a second bet on the opposite outcome to reduce potential loss or guarantee a profit.
- Juice
- The commission or fee that the 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 your edge and the odds.
- KYC
- The process of verifying a bettor’s identity and age to comply with legal and regulatory requirements.
- Line Movement
- Changes in the odds or point spread over time, often caused by betting volume or new information.
- Live Betting
- Placing bets on events while the match is in progress, with odds that update as the game unfolds.
- Margin
- The bookmaker’s built‑in profit margin, expressed as a percentage, which ensures they make money regardless of the outcome.
- Moneyline
- A bet on which team will win the match, without any point spread.
- Odds
- The number that tells you how much you can win relative to your stake, reflecting the implied chance of an outcome.
- Over/Under
- A bet on whether the total number of goals scored in a match will be higher or lower than a set line.
- Parlay
- A single bet that links two or more selections; all must win for the bet to pay out, increasing the potential payout.
- Payout
- The total amount you receive if the bet wins, usually including your original stake.
- Point Spread
- A handicap given to each team to make the betting more balanced, expressed as a number of goals.
- Public Money
- Large bets placed by the majority of recreational bettors, which can move the line.
- Responsible Gambling
- Policies and tools (like self‑exclusion and deposit limits) designed to help players gamble safely and avoid problem gambling.
- Stake
- The amount of money you risk on a bet.
- Steam
- Rapid, significant movement of odds due to heavy betting activity, often indicating sharp money.
- Value Bet
- A bet where the odds offered are higher than the true probability of the outcome, offering a positive expected return.