Knowledge Base
Glossary
Plain-English definitions for the terminology used across Match Daily.
- Arbitrage betting
- Arbitrage betting places bets on all possible outcomes of an event across different sportsbooks to guarantee a profit.
- Bankroll
- Bankroll is the total amount of money you have set aside for betting.
- Bet Builder
- Bet Builder lets you create a custom bet by selecting different outcomes within a single match.
- Cash out
- Cash out lets you settle your bet before the event ends, locking in a profit or limiting a loss.
- Decimal odds
- Decimal odds show the total amount you receive for each unit wagered, including your original stake.
- Dutching
- Dutching spreads your stake across multiple selections in the same event to secure a profit regardless of which one wins.
- Edge
- Edge is the perceived advantage you have over the sportsbook's odds in a particular bet.
- Expected Value
- Expected Value estimates the average amount you can expect to win or lose per bet over time.
- Fractional odds
- Fractional odds indicate the profit you make relative to your stake, displayed as a fraction.
- Handicap
- Handicap gives one team a virtual advantage or disadvantage to balance the betting odds.
- Hedging
- Hedging bets against your original wager to reduce potential loss or lock in a guaranteed profit.
- In-play betting
- In-play betting allows you to place bets on a match while it is already in progress.
- Juice
- Juice is the extra percentage a sportsbook adds to the odds to ensure they make a profit.
- KYC
- KYC is the process sportsbooks use to verify your identity and ensure you are of legal age.
- Line movement
- Line movement refers to changes in odds or point spreads over time as more people bet.
- Lock
- Lock is a bet considered almost certain to win, often with very low odds.
- Moneyline odds
- Moneyline odds tell you how much you need to wager to win a certain amount, with positive and negative numbers.
- Odds
- Odds represent the probability of an outcome and determine how much you can win if your bet is correct.
- Over/Under
- Over/Under is a bet on whether the total score of a match will be higher or lower than a set number.
- Parlay
- Parlay combines multiple selections into one wager, and all must win for you to get a payout.
- Point spread
- Point spread is a handicap applied to the favored team to make both sides of a bet equally attractive.
- Self-exclusion
- Self-exclusion is a voluntary program that lets you block yourself from betting sites for a set period.
- Stake
- Stake is the amount of money you risk on a single bet.
- Steam
- Steam is a rapid, widespread shift in odds caused by heavy betting action.
- Value bet
- Value bet is a wager where the odds offered are higher than the true chance of the outcome, giving you an edge.