Knowledge Base
Glossary
Plain-English definitions for the terminology used across Match Daily.
- Accumulator
- A single bet that combines multiple picks; every pick must win for the bet to pay out.
- Asian Handicap
- A handicap given to a team to level the match, often removing the draw as a betting option.
- Bankroll
- The total amount of money you set aside for placing bets.
- Bet Builder
- A tool that lets you combine different outcomes from the same match into one wager.
- Bet Slip
- The record that shows the bets you have chosen, how much you are staking, and the possible payout.
- Bonus
- Extra funds or free bets offered by a sportsbook, usually with conditions attached.
- Cash Out
- The option to settle a bet early, letting you lock in a profit or cut a loss before the event ends.
- Deposit
- Money you add to your account to fund bets, often matched by a bonus.
- Edge
- An advantage you think you have over the odds a sportsbook is offering.
- Fixed Odds
- Odds that are set when you place the bet and stay the same regardless of later changes.
- Free Bet
- A bet funded by the sportsbook that you can use without risking your own money.
- In-Play Betting
- Placing bets on a match while it is already happening.
- Juice
- The cut a sportsbook takes on a bet, typically reflected in the spread or odds.
- KYC
- Know Your Customer; the process a sportsbook uses to verify your identity.
- Lay Bet
- Betting against an outcome, often used on betting exchanges to take the opposite side.
- Live Odds
- Odds that change in real time as the match progresses.
- Margin
- The built-in profit the sportsbook includes in the odds.
- Matched Betting
- A method that uses free bets to guarantee a profit by covering all possible outcomes.
- Odds Comparison
- Checking odds from different sportsbooks to find the best price for a bet.
- Over/Under
- Betting on whether a specific statistic will be higher or lower than a set number.
- Parlay
- A single bet that links two or more picks; all must win for a payout.
- Point Spread
- A handicap applied to a team to create a balanced betting line.
- Stake
- The amount of money you risk on a bet.
- Underdog
- The team or player expected to lose, often with higher odds.
- Value Bet
- A bet where the odds seem higher than the actual chance of the outcome.