Knowledge Base
Glossary
Plain-English definitions for the terminology used across Coach's Corner.
- Acca
- An acca, short for accumulator, links several selections in one bet; all must win for a payout.
- Arbitrage
- Arbitrage involves betting on all possible outcomes across different bookmakers to guarantee a profit regardless of the result.
- Asian Handicap
- Asian handicap eliminates the draw by giving half-goal or quarter-goal advantages, leaving only two possible outcomes.
- Back
- To back a bet is to wager that an outcome will happen, the opposite of laying.
- Bankroll
- Your bankroll is the total money you have set aside for betting.
- Bet Builder
- Bet builder is an online tool that allows you to combine several markets from the same match into a single custom wager.
- Both Teams to Score
- Both Teams to Score (BTTS) is a bet on whether each side will score at least once during the match.
- Cash Out
- Cash out lets you settle a bet before the match ends, locking in a profit or reducing a loss.
- Expected Value
- Expected value (EV) estimates the average profit or loss you would make per bet if the situation repeated many times.
- Hedging
- Hedging means placing additional bets to reduce potential loss or lock in profit on an existing wager.
- In-Play
- In-Play is the term for betting markets that are available during the match, also called live betting.
- Juice
- Juice is the built-in margin a bookmaker adds to odds, representing their profit margin.
- KYC
- KYC stands for Know Your Customer, a verification process required by gambling sites to confirm your identity and prevent fraud.
- Lay
- To lay a bet is to wager that an outcome will not happen, as offered by a betting exchange.
- Live Betting
- Live betting lets you place bets on a match while it is in progress, with odds that change as the game unfolds.
- Moneyline
- A moneyline bet is a wager on which team will win the match outright, with odds expressed as a positive or negative number.
- Odds
- The odds show how much you can win relative to your stake and reflect the likelihood of an outcome.
- Odds Boost
- An odds boost is a promotional increase of odds on a selected market, giving you a higher potential payout.
- Over/Under
- An over/under bet predicts whether the total goals in a match will be higher or lower than a set line.
- Parlay
- A parlay is a multi-selection bet where winnings from one selection roll onto the next, increasing potential return.
- Point Spread
- A point spread assigns a handicap to the underdog to level the betting field, expressed as a number of goals.
- Stake
- The stake is the amount of money you risk on a bet.
- Unit
- A unit is a standard bet size, often a fixed percentage of your bankroll, used to manage risk.
- Value Bet
- A value bet occurs when the odds offered are higher than the true probability of the outcome, suggesting a positive expected value.
- Vig
- Vig, also called juice, is the commission a bookmaker includes in the odds, reducing the payout.