Knowledge Base
Glossary
Plain-English definitions for the terminology used across Coach's Corner.
- Accumulator
- A single bet that links two or more individual selections, with all must win for the bet to pay out, and winnings roll over from one selection to the next.
- Asian Handicap
- A handicap given to a team expressed in whole or half goals, designed to eliminate the draw outcome and equalize the chance of each side winning.
- Bankroll
- The total amount of money a bettor sets aside for placing bets, separate from everyday finances.
- Bet Builder
- An online tool that lets you combine multiple outcomes from the same match into a single custom wager.
- Bet Slip
- A digital record that lists the selections you have made, the odds, and the amount you wish to stake before confirming a bet.
- Both Teams To Score
- A market where you wager on whether both sides will score at least one goal during the match.
- Cash Out
- A feature that lets you settle a bet before the event finishes, locking in a profit or limiting a loss based on current odds.
- Double Chance
- A bet that covers two of the three possible outcomes of a match (e.g., home win or draw), increasing your chance of winning.
- Draw No Bet
- A wager that eliminates the draw outcome; you win if your chosen team wins, and get your stake back if the match ends in a draw.
- Edge
- The perceived advantage a bettor believes they have over the bookmaker's odds for a particular outcome.
- Expected Value
- A measure of the average amount you can expect to win or lose per bet placed, based on the probability and odds.
- Fixed Odds
- Odds that are set at the time of bet placement and do not change, regardless of later market movements.
- Handicap
- A virtual advantage or disadvantage applied to a team to balance the match, affecting the payout based on the adjusted score.
- In-Play
- Bets that are placed after the match has started, with odds that update in real time as the game progresses.
- Juice
- The commission or margin that a bookmaker adds to the odds, typically reflected in the difference between the true probability and the offered odds.
- Lay
- To bet against a specific outcome, acting as the bookmaker by accepting wagers from other bettors.
- Live Betting
- The practice of placing bets on a match while it is in progress, with odds changing continuously.
- Market
- The range of possible outcomes and associated odds offered by a bookmaker for a particular event.
- Odds
- The numerical expression of the likelihood of an outcome, also indicating the potential payout for a winning bet.
- Over/Under
- A wager on whether the total number of goals (or points) in a match will be higher or lower than a set figure.
- Parlay
- A bet that combines two or more selections; all must be correct for a payout, with odds multiplied together.
- Punter
- A person who places bets on sporting events, often used to describe recreational or professional bettors.
- Stake
- The amount of money you risk on a bet, which determines the size of your potential payout.
- Value Bet
- A bet where the odds offered appear higher than the true probability of the outcome, suggesting a positive expected value.
- Void
- A bet that is canceled and all money is returned, usually because the event did not occur or the market was not settled.