Knowledge Base
Glossary
Plain-English definitions for the terminology used across Match Daily.
- American Odds
- Odds expressed with a plus or minus sign; plus indicates underdog profit, minus indicates favorite risk.
- Asian Handicap
- A handicap system that eliminates the draw option and adjusts the line to give both teams a +/- handicap, often with half or quarter goals.
- Bankroll
- The total amount of money set aside for placing bets, used to manage risk and stakes.
- Bankroll Management
- The practice of budgeting and sizing bets to protect your funds and minimize risk over time.
- Bet Slip
- The digital record where you add selections, specify stake, and confirm your wager.
- Betting Exchange
- A platform where bettors can back or lay outcomes against each other, often offering better odds than traditional bookmakers.
- Both Teams To Score
- A bet on whether each side will net at least one goal during the match, regardless of the final result.
- Cash Out
- A feature that lets you settle a bet before the event ends, locking in a profit or minimizing a loss.
- Decimal Odds
- A way to express odds as a single number that includes the stake; multiply your stake by this number to calculate total payout.
- Fractional Odds
- Odds displayed as a fraction, showing the profit relative to the stake (e.g., 5/1 means you win five times your stake).
- Futures Bet
- A long-term bet placed on an outcome that will be decided later, like which team will win the World Cup.
- In-Play Betting
- Betting on a match while it is ongoing, with odds that update as the game progresses.
- Line Movement
- The change in odds or spreads over time as the market reacts to new information, such as player injuries.
- Moneyline
- A betting market where you pick the outright winner of a match, with odds expressed as positive or negative numbers.
- Odds
- The numerical representation of the likelihood of an outcome, determining how much you can win relative to your stake.
- Over/Under
- A bet on whether the total number of goals (or points) in a match will be higher or lower than a set line.
- Overround
- The combined total of implied probabilities in a market exceeding 100%, representing the bookmaker's margin.
- Parlay
- A single bet that links two or more selections; all must win for the parlay to pay out, offering higher odds.
- Point Spread
- A handicap applied to the favorite team to level the playing field, requiring them to win by a certain margin for a bet to pay out.
- Prop Bet
- A wager on a specific event within a match that doesn't affect the final result, such as which player scores first.
- Push
- A tie result in a bet where the stake is refunded because the outcome exactly matches the line.
- Stake
- The amount of money you wager on a particular bet.
- Value Bet
- A bet where the odds offered are higher than the true probability of the outcome, giving the bettor an edge.
- Vig
- The commission a bookmaker charges for taking a bet, built into the odds so the book makes a profit regardless of outcome.