Knowledge Base
Glossary
Plain-English definitions for the terminology used across Match Daily.
- American Odds
- American odds use a plus or minus number to indicate underdog or favorite, showing how much you win on a 100-unit stake.
- Arbitrage
- Arbitrage exploits differences in odds across bookmakers to guarantee a profit regardless of the result.
- Bankroll
- Your bankroll is the total amount of money you set aside for placing bets.
- Betting Exchange
- A betting exchange lets bettors back and lay outcomes directly, acting as a marketplace between players.
- Bookmaker
- A bookmaker is a company that sets odds and accepts bets on sporting events.
- Cash Out
- Cash out lets you settle a bet before the event ends, offering a reduced payout based on current odds.
- Decimal Odds
- Decimal odds show the total payout per unit staked, including the original stake.
- Fractional Odds
- Fractional odds express the profit you make relative to your stake, common in the UK.
- Futures
- A futures bet is placed on an outcome that will be decided later, like which team wins the tournament.
- Hedging
- Hedging involves placing additional bets to reduce potential loss or lock in a profit on an existing wager.
- In-Play Betting
- In-play betting allows you to place bets on a match after it has started, with odds that update live.
- Juice
- Juice is the commission a bookmaker charges, built into the odds to ensure a profit.
- Lay Bet
- A lay bet is a wager that a particular outcome will NOT happen, typically offered on betting exchanges.
- Moneyline
- A moneyline bet is a straightforward wager 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 from a bet.
- Over/Under
- An over/under bet predicts whether the total number of goals or points in a match will be above or below a set line.
- Parlay
- A parlay combines multiple selections into a single bet; all must win for you to receive a payout.
- Payout
- The payout is the total amount you receive when a bet wins, including your stake and profit.
- Point Spread
- A point spread assigns a handicap to the favored team to level the betting odds.
- Prop Bet
- A prop bet focuses on a specific event within a match, such as which player scores first.
- Self-Exclusion
- Self-exclusion is a tool that lets you restrict your own account access for a set period to help control gambling.
- Stake
- The stake is the amount of money you risk on a single bet.
- Value Bet
- A value bet occurs when the odds offered are higher than the true probability of the outcome.
- Wagering Requirement
- A wagering requirement specifies how many times you must bet a bonus before you can withdraw any winnings.