Knowledge Base
Glossary
Plain-English definitions for the terminology used across Coach's Corner.
- Arbitrage
- Arbitrage is the practice of betting on all possible outcomes of an event across different bookmakers to guarantee a profit.
- Asian Handicap
- An Asian handicap is a two-way handicap that eliminates the draw outcome and gives a half-goal or quarter-goal line to avoid ties.
- Bankroll
- Your bankroll is the total money you have set aside for betting, separate from your everyday finances.
- Bonus
- A bonus is extra funds added to your account by the sportsbook, often requiring you to bet a certain amount before withdrawal.
- Cash Out
- Cash out lets you settle a bet before the event ends, securing a profit or minimizing a loss based on the current score.
- Expected Value
- Expected value is the average amount a bet is predicted to win or lose per unit staked over the long run.
- Free Bet
- A free bet is a promotional token that lets you wager without using your own money, with any winnings usually returned minus the stake.
- Futures
- A futures bet is placed on an outcome that will be decided later in the tournament, like which country wins the World Cup.
- Handicap
- A handicap is a point advantage given to one team to level the betting odds between two unevenly matched sides.
- In-play
- In-play betting allows you to place bets after the match has started, with odds that update as the game progresses.
- Juice
- Juice is the commission or fee that a bookmaker charges for taking a bet, usually built into the odds.
- Line Movement
- Line movement refers to changes in the odds or point spread over time, often driven by betting volume or new information.
- Moneyline
- A moneyline bet is a straight-up bet on which team will win the match, with odds adjusted for each side.
- Over/Under
- An over/under bet is a wager on whether the total number of goals (or another stat) will be higher or lower than a set number.
- Parlay
- A parlay is a single bet that links together two or more individual wagers and pays out only if every selection wins.
- Prop Bet
- A prop bet focuses on a specific event within a match, such as which player scores first or how many yellow cards are issued.
- Risk-Free Bet
- A risk-free bet refunds your stake if you lose, typically as a free bet, giving you a second chance to win.
- ROI
- ROI, or return on investment, measures the profit generated relative to the total amount wagered.
- Spread
- A spread is the predicted margin of victory that a team must cover for a bet on them to win.
- Stake
- The stake is the amount of money you risk on a single bet.
- Unit
- A unit is a standard measurement of bet size, usually a small percentage of your bankroll, to manage risk.
- Value Bet
- A value bet occurs when the odds offered by a bookmaker are higher than the true probability of the outcome.
- Wagering Requirement
- A wagering requirement is the total amount you must bet before bonus funds can be withdrawn as real money.
- Yield
- Yield is the net profit or loss from betting expressed as a percentage of the total amount wagered.