Knowledge Base
Glossary
Plain-English definitions for the terminology used across နည်းပြရှုထောင့်.
- Arbitrage
- Exploiting differing odds across bookmakers to guarantee a profit regardless of the result.
- Asian Handicap
- A type of spread betting that eliminates the draw, using half‑goal or quarter‑goal lines to reduce possible outcomes.
- Bankroll
- The total amount of money you have set aside for betting, separate from everyday finances.
- Bet Settlement
- The process of finalizing a bet after the event, determining whether the wager won or lost and adjusting the account balance accordingly.
- Bet Slip
- The digital record on a betting site that lists your selected markets, odds, and the amount you wish to wager.
- Bookmaker Margin
- The built‑in advantage a bookmaker includes in the odds, ensuring they make a profit over the long term.
- Both Teams To Score
- A bet on whether each team will score at least one goal during the match.
- Cash Out
- A feature that lets you settle your bet before the event ends, locking in a profit or limiting a loss based on the current odds.
- Correct Score
- A bet that predicts the exact final score of a match, such as 2‑1.
- Decimal Odds
- A format where the total payout (including stake) is shown as a single number, e.g., 2.50 means you get $2.50 for every $1 wagered.
- First Goalscorer
- A bet that predicts which player will score the first goal in the match.
- Fractional Odds
- A format that shows profit relative to stake, e.g., 5/1 means you win $5 for each $1 bet (plus your stake).
- Free Bet
- A promotional credit given by the bookmaker that can be used to place a bet, with any winnings (but not the free bet stake) usually withdrawable.
- Half‑Time/Full‑Time
- A bet that combines the result at half‑time and the result at full‑time, e.g., “Home/ Draw”.
- In‑Play Betting
- Placing bets on a match while it is ongoing, with odds that update as the game progresses.
- Moneyline
- A format using positive or negative numbers to indicate how much you win on a $100 bet (positive) or how much you must bet to win $100 (negative).
- Odds
- The number that tells you how much you can win relative to your stake; higher odds mean bigger potential payout.
- Over/Under
- A bet on whether the total number of goals (or points) in a match will be higher (over) or lower (under) than a number set by the bookmaker.
- Parlay
- A single bet that links two or more selections; all must win for the bet to pay out, increasing the potential payout.
- Point Spread
- A margin set by the bookmaker to give both teams an equal chance, where one team must win by more than the spread or the other must stay within it.
- Responsible Gambling
- Tools and policies that allow players to limit or halt their own betting activity to prevent gambling‑related harm.
- Single Bet
- A straightforward bet on one outcome, with the win determined solely by that selection.
- Stake
- The amount of money you risk on a particular bet.
- Value Bet
- A bet where you believe the bookmaker’s odds are higher than the true probability of the outcome, offering a positive expected return over time.
- Void Bet
- A bet that is canceled and the stake is returned, usually because the event did not happen or the market was not offered.