Knowledge Base
Glossary
Plain-English definitions for the terminology used across အသင်းခွဲခြမ်းစိတ်ဖြာ.
- Arbitrage
- A betting strategy that exploits differences in odds across bookmakers to guarantee a profit regardless of outcome.
- Bankroll
- The total amount of money you have set aside for betting.
- Bet slip
- The electronic record that lists the selections, odds, and stake for a bet you intend to place.
- Bonus
- Extra funds or free bets offered by the bookmaker, often subject to conditions.
- Bookmaker
- A company or individual that sets odds and accepts bets on sporting events.
- Cash out
- A feature that lets you settle a bet before the event ends, locking in a profit or limiting a loss.
- Free bet
- A bet placed without using your own money, usually awarded as part of a promotion.
- Handicap
- A points advantage given to the underdog team to level the betting field.
- Holding
- A situation where a bet is not settled due to an unresolved event, such as a match interruption.
- In-play betting
- Placing a bet after an event has started, with odds that shift as the action unfolds.
- Juice
- The commission or fee a bookmaker charges on a bet, usually built into the odds.
- Kelly Criterion
- A mathematical formula that calculates the optimal size of a series of bets to maximize growth.
- Limit
- The maximum amount a bookmaker will accept on a particular bet or market.
- Line movement
- Change in betting odds or point spread over time, reflecting betting volume and information.
- Margin
- The bookmaker's profit margin, representing the difference between the true odds and the odds offered.
- Odds
- The likelihood of an outcome expressed as a number; odds determine how much you can win relative to your stake.
- Parlay
- A single bet that links multiple selections; all must win for the payout, offering higher odds.
- Public money
- The amount of bets placed by recreational bettors, often causing odds to shift.
- RTP
- The percentage of total bets that a game returns to players over time; higher RTP means a lower house edge.
- Spread
- A type of handicap betting where the favorite must win by a certain margin for the bet to pay out.
- Stake
- The amount of money you risk on a single bet.
- Steam
- A rapid line movement caused by heavy betting activity on one side.
- Value bet
- A bet where the odds offered are higher than the true probability of the outcome, giving an edge.
- Wagering Requirement
- The number of times you must bet a bonus amount before you can withdraw any winnings derived from it.