Knowledge Base
Glossary
Plain-English definitions for the terminology used across Coach's Corner.
- Arbitrage Betting
- Placing bets on all possible outcomes of an event across different bookmakers to guarantee a profit regardless of the result.
- Asian Handicap
- A split‑handicap system that eliminates the draw by giving each team a fraction or whole number advantage/disadvantage, reducing outcomes to two.
- Bankroll Management
- The practice of setting aside a dedicated budget for betting and deciding how much to stake on each wager to avoid overspending.
- Bet Builder
- An online tool that allows you to combine multiple markets from a single match into one custom bet, with combined odds.
- Cash Out
- A feature that lets you settle a bet before the event ends, locking in a profit or cutting a loss based on current odds.
- Correct Score
- A bet that requires you to predict the exact final score of a match, offering higher odds due to its difficulty.
- Double Chance
- A bet that covers two of the three possible outcomes in a match (e.g., home win or draw), increasing your chance of winning.
- Draw No Bet
- A bet that refunds your stake if the match ends in a draw, otherwise you win if your chosen team wins.
- Edge
- The statistical advantage a bettor believes they have over the bookmaker’s odds, often expressed as a percentage.
- Free Bet
- A token or bonus bet that can be placed without risking your own money, with any winnings usually paid out minus the free‑bet stake.
- Futures
- A long‑term bet placed on an event that will be decided weeks or months later, such as the winner of the World Cup.
- Goal Line
- A specific total‑goals line similar to Over/Under, where you bet on whether the match will have more or fewer goals than set.
- In-Play Betting
- Betting on a match after it has started, with odds that update in real time as the game progresses.
- Juice
- The commission or fee that a bookmaker builds into the odds, usually seen as the extra amount you pay when placing a bet.
- Kelly Criterion
- A mathematical formula that calculates the optimal percentage of your bankroll to wager based on the perceived edge in a bet.
- Line Movement
- The change in odds or point spreads over time, reflecting new information, betting volume, or bookmaker adjustments.
- Moneyline
- A bet on which team will win the match outright, with odds expressed as a positive or negative number.
- Odds Boost
- A promotion that increases the payout odds on a specific bet, giving you a higher potential return for the same stake.
- Over/Under
- A bet on whether the total number of goals or points scored in a match will be higher or lower than a set line.
- Parlay
- A single bet that combines two or more selections; all must win for the parlay to pay out, with odds multiplied together.
- Point Spread
- A handicap applied to the favorite team to level the playing field, requiring them to win by a certain margin for the bet to pay out.
- Steam
- Rapid movement of betting lines caused by a large volume of bets on one side, often indicating where the public is placing money.
- Unit
- A standardized amount of money used to measure the size of a bet, typically a small percentage of your total bankroll.
- Value Bet
- A bet where the odds offered by the bookmaker are higher than the true probability of the outcome, suggesting a potential long‑term profit.