Knowledge Base
Glossary
Plain-English definitions for the terminology used across Match Daily.
- Accumulator
- A bet that combines multiple selections into one wager, with winnings rolling over after each win.
- Bankroll
- The total amount of money set aside for placing bets.
- Bet Slip
- The digital record on a sportsbook where you add selections and confirm your wagers.
- Bonus
- Extra funds or free bets offered by a sportsbook, usually tied to deposit or wagering conditions.
- Bookmaker
- A company or person 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.
- Edge
- An advantage a bettor believes they have over the bookmaker’s odds based on information or analysis.
- Free Bet
- A no-cost bet given by a sportsbook that lets you risk your own money only on the winnings.
- Handicap
- A fictional advantage or disadvantage applied to a team to make the odds more balanced.
- In-play
- A betting option that allows you to place wagers on a match while it is still ongoing.
- Line Movement
- The change in odds or point spread over time as more bets are placed or new information appears.
- Live Betting
- The process of betting on events in real time as they happen during a match.
- Moneyline
- A bet on which team will win a match, with odds expressed as a positive or negative number.
- Odds
- The number that shows how much you can win relative to your stake, and how likely a result is thought to be.
- Over/Under
- A bet on whether the total number of goals/scores in a match will be higher or lower than a set number.
- Overround
- The sum of the implied probabilities of all outcomes in a market, which is more than 100% due to the bookmaker’s margin.
- Parlay
- A single bet that links two or more selections; all must win for the bet to pay out.
- Payout
- The total amount of money you receive when a bet wins, including the original stake.
- Sportsbook
- A platform, either online or in a venue, where you can place bets on a variety of sports.
- Spread
- A point advantage given to the underdog, used to balance the chance of winning for either side.
- Stake
- The amount of money you put on a bet.
- Value Bet
- A wager where the odds offered are higher than the true probability of the outcome, giving an expected profit.
- Vig
- The commission that a bookmaker takes from a bet, built into the odds to ensure profit.
- Wagering Requirement
- The number of times you must bet a bonus amount before you can withdraw any winnings from it.