Knowledge Base
Glossary
Plain-English definitions for the terminology used across Match Daily.
- Accumulator
- a type of bet that combines several selections into one, with winnings rolling over from each winning pick.
- Arbitrage
- exploiting differences in odds across bookmakers to guarantee a profit regardless of the outcome.
- Asian Handicap
- a handicap betting style that eliminates the draw outcome and uses quarter-goal increments to reduce ties.
- Bankroll
- the total amount of money set aside for betting, used to manage risk and track performance.
- Bet Builder
- a feature that allows you to combine multiple markets from a single match into one custom wager.
- Bet Slip
- a digital record that lists the selections, odds, and stake for a wager you intend to place.
- Bookmaker
- a company or person that sets odds and accepts bets, also known as a sportsbook or sports betting operator.
- Closing Line
- the final odds offered just before an event starts, used to evaluate the quality of a bet.
- Free Bet
- a promotional credit that lets you place a bet without using your own money, usually with certain restrictions.
- Handicap
- a points-based advantage or disadvantage given to a team to balance the odds, used in betting.
- Hedge
- placing a counter bet to reduce potential loss or lock in profit, often used when odds shift.
- In-play betting
- placing a bet after an event has started, with odds that update in real time as the game progresses.
- Kelly Criterion
- a mathematical formula that calculates the optimal size of a bet based on your edge and odds.
- Moneyline
- a bet on which team will win a match outright, with odds expressed as a positive or negative number.
- Odds
- the numerical expression of the likelihood of a specific outcome, indicating how much you can win relative to your stake.
- Over/Under
- a bet on whether a specific statistic, such as total goals, will be higher or lower than a set line.
- Parlay
- a single bet that links multiple selections; all must win for the bet to pay out, increasing potential payout.
- Payout
- the total amount you receive when a bet wins, including the original stake plus the profit.
- Push
- a tie result where the bet is neither won nor lost, and the stake is usually returned.
- Risk-Free Bet
- a bet that refunds your stake if it loses, typically up to a set amount, as a promo for new users.
- Spread
- a handicap applied to the favored team to level the betting field, expressed as a point margin.
- Stake
- the amount of money you risk on a bet, which determines your potential payout if the bet wins.
- Unit
- a standard measure of bet size, usually a fixed percentage of your bankroll, to maintain consistent staking.
- Vig
- the commission charged by a bookmaker on a bet, built into the odds, also called juice.