Knowledge Base
Glossary
Plain-English definitions for the terminology used across ការវាយតម្លៃប្រកួត.
- Accumulator
- An accumulator combines multiple selections into a single wager, and all selections must win for the bet to pay out, multiplying the potential profit.
- American Odds
- American odds indicate how much you need to bet to win 100 units (negative odds) or how much you win if you bet 100 units (positive odds).
- Arbitrage
- Arbitrage, or arbing, exploits differences in odds across bookmakers to place multiple opposing bets that guarantee a profit regardless of the result.
- Asian Handicap
- An Asian handicap eliminates the draw outcome by giving a fractional goal advantage or disadvantage to each team, creating two possible winning outcomes.
- Bankroll
- Your bankroll is the total amount of money you set aside for betting, and managing it responsibly helps you avoid spending beyond your means.
- Betting Exchange
- A betting exchange is a platform where bettors can back or lay outcomes against each other, often with lower fees than a traditional bookmaker.
- Cash Out
- Cash out lets you settle a bet before the match ends, locking in a profit or limiting a loss based on the current odds.
- Decimal Odds
- Decimal odds show the total amount you receive for each unit wagered, including your original stake; the higher the number, the larger the potential payout.
- Expected Value (EV)
- Expected value estimates the average amount you can expect to win or lose per bet over time, based on the odds and probability of each outcome.
- Fractional Odds
- Fractional odds display the profit relative to your stake, expressed as a fraction; for example, 5/1 means you win five units for each unit bet.
- Hedging
- Hedging places an additional bet to reduce risk or lock in a profit on an existing wager, often used when the original bet looks likely to win.
- Kelly Criterion
- The Kelly criterion is a formula that calculates the optimal fraction of your bankroll to bet in order to maximize long‑term growth.
- Know Your Customer (KYC)
- Know Your Customer is the verification process where the betting site checks your identity and age to prevent fraud and ensure legal compliance.
- Lay Bet
- A lay bet is a wager that a specific outcome will not happen, essentially acting as the bookmaker by offering odds to other bettors.
- Live Betting
- Live betting allows you to place or change bets on a match while it is in progress, with odds that update as the game unfolds.
- Matched Betting
- Matched betting uses free bets and promotions to create risk‑free bets by covering all possible outcomes, locking in a profit.
- Moneyline
- A moneyline is a bet on which team will win the match, with odds shown as a positive or negative number indicating the favorite and underdog.
- Over/Under
- An over/under bet predicts whether the total number of goals scored in a match will be higher or lower than a figure set by the bookmaker.
- Payout
- A payout is the total sum you receive when a bet wins, including your original stake plus the profit.
- Point Spread
- A point spread assigns a handicap to the favored team to make the odds more even, requiring them to win by a certain margin for the bet to pay out.
- Responsible Gambling
- Responsible gambling refers to practices and tools, such as deposit limits and self‑exclusion, that help you stay in control and gamble safely.
- Stake
- The stake is the amount of money you risk on a bet; the size of the stake determines the potential winnings or losses.
- Value Bet
- A value bet occurs when the odds offered by a bookmaker are higher than the true probability of the outcome, giving you a long‑term advantage.
- Vigorish
- Vigorish, also called juice, is the commission the bookmaker charges for accepting a bet, built into the odds so the house always has an edge.
- Wagering Requirement
- A wagering requirement specifies how many times you must bet a bonus amount before you can withdraw any winnings derived from that bonus.