Knowledge Base
Glossary
Plain-English definitions for the terminology used across Match Daily.
- Arbitrage
- Placing bets on all possible outcomes of an event across different bookmakers to guarantee a profit.
- Asian Handicap
- A handicap system that removes the draw outcome and splits the stake across two bets.
- Back Betting
- Betting that a specific outcome WILL happen, the traditional way most people place a wager.
- Bankroll
- The total amount of money set aside by a bettor for placing bets.
- Bet Builder
- An online tool that lets you combine multiple markets from the same match into one custom bet.
- Bet Slip
- The electronic form where you record your chosen bets, stake, and potential payout before confirming.
- Bookmaker Margin
- The built‑in percentage the bookmaker keeps from the odds, ensuring profit regardless of result.
- Cash Out
- A feature allowing you to settle a bet before the event ends, locking in a profit or limiting a loss.
- Deposit Bonus
- Extra funds added to your account based on the amount you deposit, subject to rollover conditions.
- Edge
- The perceived advantage a bettor believes they have over the bookmaker’s odds.
- Free Bet
- A promotional credit given by a bookmaker that can be used to place a bet, usually with terms attached.
- In‑Play
- Betting that takes place while a match is already in progress, with odds updating live.
- Juice
- The commission or vigorish added to the odds on a bet, typically reflected in the price of a wager.
- Kelly Criterion
- A mathematical formula used to determine the optimal size of a bet relative to your perceived edge.
- Lay Betting
- Betting that a specific outcome will NOT happen, acting as the bookmaker on a betting exchange.
- Matched Betting
- Using free bets and promotions to create a risk‑free profit by covering all outcomes of a bet.
- Moneyline
- A straight win‑or‑lose bet where you pick the team you think will win the match.
- Odds
- The numerical price of a bet that tells you how much you can win relative to your stake.
- Over/Under
- A bet on whether the total number of goals in a match will be higher or lower than a set line.
- Parlay
- A single bet that links two or more selections; all must win for the bet to pay out.
- Point Spread
- A handicap given to the underdog to level the betting field, expressed as a number of goals.
- Rollover Requirement
- The number of times you must bet the bonus or deposit amount before you can withdraw any winnings.
- Stake
- The amount of money you risk on a bet.
- System Bet
- A bet that covers multiple combinations of selections, allowing you to win even if some picks lose.
- Value Bet
- A bet where the odds offered are higher than the true probability of the outcome, giving an expected advantage.