Knowledge Base
Glossary
Plain-English definitions for the terminology used across Match Daily.
- Arbitrage
- Placing bets on all possible outcomes of an event with different odds to guarantee a profit.
- Asian Handicap
- A handicap system that eliminates the draw by giving a half‑goal or quarter‑goal advantage to the underdog.
- Bankroll
- The total amount of money set aside for placing bets.
- Both Teams To Score
- A bet on whether each team will score at least one goal during the match.
- Cash Out
- A feature that lets you settle a bet before the event ends, locking in a profit or limiting a loss.
- Cashback
- A promotion that returns a portion of your losses over a specific period.
- Correct Score
- A bet that requires predicting the exact final score of a match.
- Double Chance
- A bet that covers two of the three possible outcomes (win, draw, loss) in a match.
- First Goalscorer
- A bet on which player will score the first goal in a match.
- Futures
- A bet placed on an event that will be decided in the future, such as the winner of the World Cup.
- Kelly Criterion
- A mathematical formula used to determine the optimal size of a bet based on your edge.
- Live Betting
- Placing bets on a match while it is already in progress, with odds that update as the game unfolds.
- Moneyline
- A bet on which team will win a match, with odds expressed as a positive or negative number.
- Over/Under
- A bet on whether the total number of goals in a match will be more or less than a set figure.
- Parlay
- A single bet that links multiple selections together; all must win for the bet to pay out.
- Point Spread
- A handicap given to the favored team to level the betting field, expressed as a number of goals.
- Prop Bet
- A wager on a specific event within a match, such as a player’s performance, that is unrelated to the final result.
- Provably Fair
- A system that uses encryption to show that a casino game’s outcome is random and not manipulated.
- RTP
- The percentage of total wagered money that a casino game returns to players over time.
- Unit
- A standard measurement of the size of a bet, usually a fraction of your bankroll.
- Value Bet
- A bet where the odds offered are higher than the true probability of the outcome, giving you an expected edge.
- Vigorish
- The commission that a bookmaker charges for taking a bet, built into the odds.
- Volatility
- A measure of how much the payouts in a game vary in size and frequency; high volatility means bigger but rarer wins.
- Wagering Requirement
- The number of times you must bet a bonus amount before you can withdraw any winnings from it.