Knowledge Base
Glossary
Plain-English definitions for the terminology used across Match Daily.
- 1X2
- A betting market where you can back a home win (1), draw (X), or away win (2).
- Acca
- A single bet that links multiple selections; all must win for payout.
- Arbitrage
- Exploiting differences in odds across bookmakers to guarantee a profit regardless of outcome.
- Asian Handicap
- A handicap given to teams to eliminate the draw and balance odds.
- Bankroll
- The total amount of money set aside for betting.
- Cash Out
- A feature allowing bettors to settle a bet before the event concludes, locking in a profit or loss.
- Chalk
- The favorite in a match, indicated by lower odds.
- Closing Line
- The final odds offered just before an event starts; used to evaluate betting performance.
- Dog
- The team or player expected to lose, with higher odds.
- Dutching
- Spreading stake across multiple outcomes to ensure an equal profit regardless of which one wins.
- Edge
- The statistical advantage a bettor has over the bookmaker's odds.
- Hedge
- Placing a counter bet to reduce risk or lock in profit on an existing wager.
- In-Play
- Betting on events after they have started, with odds adjusting in real time.
- Kelly Criterion
- A formula used to determine the optimal size of a bet based on edge and odds.
- Limit
- The maximum bet size a bookmaker allows for a specific market or customer.
- Max Stake
- The highest amount a bookmaker will accept on a particular bet.
- Odds
- The probability of an outcome expressed as a number, determining potential payout.
- Over/Under
- A bet on whether a statistic (e.g., total goals) will be over or under a set line.
- Pre-Match
- Betting on an event before it begins.
- ROI
- The net profit relative to the total amount wagered, expressed as a percentage.
- Stake
- The amount of money wagered on a single bet.
- Steam
- Rapid movement of odds, often due to heavy betting action on a particular outcome.
- Unit
- A standard measurement of bet size, usually a fixed percentage of the bankroll.
- Value Bet
- A bet where the odds offered are higher than the true probability, giving an edge.
- Vig
- The commission taken by the bookmaker, built into the odds.