Knowledge Base
Glossary
Plain-English definitions for the terminology used across Coach's Corner.
- Accumulator (Acca)
- A single bet that links multiple selections together; all must win for the bet to pay out.
- Arbitrage
- Exploiting differences in odds across multiple bookmakers to place opposing bets and secure a risk‑free profit.
- Asian Handicap
- A handicap bet that gives one team a fractional advantage or disadvantage, removing the draw option and making odds more balanced.
- Bankroll
- The total amount of money you have set aside for placing bets.
- Bet Builder
- An online tool that allows you to combine different markets from the same match into one custom wager.
- Bet Slip
- The digital record that lists your selected bets, stake, and potential payout before you confirm the wager.
- Bookmaker
- The company or individual that sets odds and accepts bets on sporting events.
- Cash Out
- A feature that lets you settle a bet early, either locking in a profit or cutting a loss before the event ends.
- Cashback
- A refund of a percentage of your losses, typically credited as bonus funds after a promotional period.
- Correct Score
- A bet that predicts the exact final score of a match.
- Double Chance
- A bet that covers two of the three possible outcomes of a match (e.g., home win or draw) in a single stake.
- Edge
- The perceived advantage a bettor believes they have over the bookmaker's odds.
- First Goal Scorer
- A wager on which player will score the first goal in a match.
- Free Bet
- A bonus credit given by the sportsbook that you can use to place a bet, with any winnings (minus the stake) usually returned to you.
- Handicap
- A betting line that gives one team a virtual advantage or disadvantage to level the playing field.
- In-Play
- Betting on a match or event while it is actually happening, with odds that update as the action unfolds.
- Kelly Criterion
- A mathematical formula that calculates the optimal size of a bet based on your edge and the odds offered.
- Lay Bet
- A bet that an outcome will not happen, typically placed on a betting exchange rather than a traditional sportsbook.
- Margin
- The built-in profit margin, often called juice or vig, that bookmakers embed into the odds they offer.
- Matched Betting
- A technique that uses free bets and promotions to guarantee a profit by covering all possible results of an event.
- Odds
- The number that indicates how much you can win relative to your stake, reflecting the implied probability of an outcome.
- Over/Under
- A bet on whether a specific statistic, such as total goals, will be above or below a number set by the bookmaker.
- Stake
- The amount of money you risk on a bet.
- Value Bet
- A bet where you think the odds offered are higher than the true likelihood of the outcome, giving you a potential edge.
- Wagering Requirement
- The number of times you must bet a bonus amount before you can withdraw any winnings derived from it.