Knowledge Base
Glossary
Plain-English definitions for the terminology used across ပရိသတ်လမ်းညွှန်.
- Accumulator
- An accumulator combines multiple selections into one bet, and all selections must win for the bet to pay out.
- Arbitrage Betting
- Arbitrage betting exploits differences in odds across bookmakers to guarantee a profit regardless of the result.
- Asian Handicap
- Asian Handicap splits the handicap into two possible outcomes, eliminating the draw and reducing the bookmaker's margin.
- Bankroll
- Bankroll is the total amount of money you have set aside for betting, separate from your everyday finances.
- Bet Builder
- Bet Builder lets you combine different markets from the same match into a single custom wager.
- Cash Out
- Cash Out lets you settle a bet before the event ends, locking in a profit or reducing a loss based on current odds.
- Cashback
- Cashback is a promotion that returns a portion of a player's losses over a set period, usually as a bonus.
- Dutching
- Dutching spreads your stake across several outcomes so that you earn the same profit regardless of which one wins.
- Free Bet
- A free bet is a token you can use to place a bet without using your own money, with any winnings usually returned.
- Handicap
- A handicap gives one team a virtual advantage or disadvantage to level the playing field for betting.
- In-Play
- In-Play betting allows you to place bets on a match while it is still happening, with odds that update live.
- Juice
- Juice, also called vig, is the commission a bookmaker charges for taking a bet, built into the odds.
- Lay Bet
- A lay bet is a wager that an outcome will not happen, typically placed on a betting exchange.
- Matched Betting
- Matched betting uses free bets and lay bets to create a risk‑free profit by covering all possible outcomes.
- Odds
- Odds represent the likelihood of an outcome and determine how much a winning bet will pay out.
- Over/Under
- Over/Under is a bet on whether the total number of goals or points in a match will be more or less than a set figure.
- Provably Fair
- Provably Fair is a system that lets players verify that each game result is random and not manipulated.
- Push
- A push happens when a bet ends in a tie, resulting in the stake being returned to the bettor.
- Responsible Gambling
- Responsible gambling refers to practices and tools that help players stay in control and avoid harmful betting behavior.
- RTP
- RTP stands for Return to Player, a percentage that shows how much of the total bets a game pays back to players over time.
- Stake
- The stake is the amount of money you risk on a single bet.
- Value Bet
- A value bet occurs when the odds offered by a bookmaker are higher than the true probability of the outcome.
- Void Bet
- A void bet cancels the wager and refunds the stake, usually because the event was postponed or the market was invalid.
- Volatility
- Volatility indicates how often and how much a slot game can pay out; high volatility means bigger but rarer wins.
- Wagering Requirement
- A wagering requirement is the number of times you must bet a bonus amount before you can withdraw any winnings from that bonus.