Knowledge Base
Glossary
Plain-English definitions for the terminology used across Coach's Corner.
- Arbitrage
- Arbitrage exploits differing odds across bookmakers to guarantee a profit.
- Asian Handicap
- Asian handicap splits the spread into two half‑goal lines to reduce the possibility of a draw.
- Bankroll
- Your bankroll is the total funds set aside for betting.
- Bet Builder
- Bet builder lets you combine multiple markets from a single match into one custom wager.
- Bookmaker
- A bookmaker is a company that sets odds and accepts bets.
- Cash Out
- Cash out allows you to settle a bet before the event ends, locking in a profit or limiting a loss.
- Decimal Odds
- Decimal odds show the total payout per unit wagered, including the original stake.
- Fractional Odds
- Fractional odds indicate the profit you earn relative to your stake, displayed as a fraction.
- Hedge
- Hedge means betting on the opposite outcome to reduce risk or lock in profit.
- In-Play Betting
- In-play betting lets you place bets while the match is ongoing, with odds that shift as the game progresses.
- Juice
- Juice is the commission taken by a bookmaker on a bet, often built into the odds.
- Kelly Criterion
- Kelly criterion is a formula that calculates the optimal size of a bet based on your edge.
- Margin
- Margin is the bookmaker’s built‑in advantage, ensuring profit regardless of the result.
- Moneyline
- Moneyline odds express the amount you need to bet to win a set amount, usually with positive or negative numbers.
- Odds
- Odds represent the probability of an outcome and determine how much you can win relative to your stake.
- Over/Under
- Over/under bets predict whether a statistic, like total goals, will be above or below a set number.
- Parlay
- A parlay combines multiple selections into one bet, and all must win for a payout.
- Point Spread
- Point spread is a handicap applied to a team to level the betting field.
- Props
- Props are bets on specific events within a match, such as which player scores first.
- Push
- A push happens when a bet ends in a tie, resulting in the stake being returned.
- Stake
- The stake is the amount of money you risk on a bet.
- Unit
- A unit is a standard measurement of bet size, usually a small percentage of your bankroll.
- Value Bet
- A value bet occurs when the odds offered are higher than the true probability of the outcome.