Knowledge Base
Glossary
Plain-English definitions for the terminology used across Stadium View.
- Accumulator
- A bet that combines multiple selections into a single wager, with winnings rolling over after each win.
- American Odds
- Odds shown as a positive or negative number, where negative indicates the favorite and positive the underdog, reflecting the amount needed to win 100 units or the win on a 100‑unit stake.
- Arbitrage
- Exploiting differences in odds across sportsbooks to guarantee a profit regardless of the result.
- Asian Handicap
- A handicap system that eliminates the draw outcome, using quarter‑goal increments to create two possible bets.
- Bankroll
- The total amount of money set aside for betting activities.
- Both Teams to Score (BTTS)
- A market where the bettor predicts whether both teams will score at least one goal during the match.
- Cash Out
- A feature allowing the bettor to settle a bet before the event ends, either locking in a profit or minimizing a loss.
- Decimal Odds
- Odds expressed as a decimal number, showing the total return for each unit staked, including the stake.
- Double Chance
- A bet covering two of the three possible outcomes (home win/draw, away win/draw, or either team win) in a single wager.
- Draw No Bet
- A bet that refunds the stake if the match ends in a draw, leaving only a win for either team.
- Expected Value (EV)
- The average amount a bettor can expect to win or lose per bet if placed repeatedly with the same odds.
- Fractional Odds
- Odds displayed as a fraction, indicating the profit relative to the stake (e.g., 5/1 means 5 units profit per 1 unit staked).
- Futures
- A bet placed on an event that will be decided later, such as which team will win the World Cup.
- Hedging
- Placing a bet on the opposite outcome to an existing bet to secure a profit or reduce potential loss.
- In-Play Betting
- Placing a bet after the match has started, with odds that update as the game progresses.
- Juice (Vigorish)
- The commission the sportsbook charges for taking a bet, usually built into the odds.
- Kelly Criterion
- A mathematical formula that calculates the optimal size of a bet based on the perceived edge and odds.
- Moneyline
- A bet on which team will win the match outright, with odds expressed as a positive or negative number.
- Over/Under
- A bet on whether the total number of goals or points in a match will be over or under a set line.
- Parlay
- A single bet that links two or more individual wagers and pays out only if all selections win.
- Point Spread
- A handicap given to the favorite team to level the betting field, expressed as a number of goals or points.
- Prop Bet
- A wager on a specific outcome within a match that does not affect the final result, like which player scores first.
- Unit
- A standardized bet size, often a percentage of the bankroll, used to manage risk.
- Value Bet
- A wager where the odds offered are higher than the true probability of the outcome, giving an expected positive return.