Knowledge Base
Glossary
Plain-English definitions for the terminology used across Goal Moments.
- Accumulator
- Accumulator is a bet that combines multiple selections into one wager, with winnings rolling over from each win.
- Arbitrage
- Arbitrage is a strategy of betting on all possible outcomes of an event across different bookmakers to guarantee a profit.
- Asian Handicap
- Asian Handicap gives a virtual advantage or disadvantage to a team to level the playing field, eliminating the draw option.
- Back Bet
- Back Bet is a wager that a specific outcome will happen, the most common type of bet.
- Bankroll
- Bankroll is the total amount of money you have set aside for betting.
- Bet Slip
- Bet Slip is a digital record that lists your selected bets and the amount you wish to wager.
- Bonus
- Bonus is extra funds or free bets offered by a bookmaker, often subject to conditions.
- Bookmaker
- Bookmaker is a company or person that sets odds and accepts bets on sporting events.
- Cash Out
- Cash Out lets you settle a bet before the event ends, locking in a profit or loss based on the current odds.
- Free Bet
- Free Bet is a wager credited by the bookmaker that you can use without risking your own money.
- House Edge
- House Edge is the built-in advantage a bookmaker or casino has in a game, ensuring profit over the long run.
- In-Play
- In-Play refers to bets placed after an event has started, with odds that change as the action unfolds.
- Juice
- Juice, also called vig, is the commission a bookmaker charges for taking a bet, built into the odds.
- Lay Bet
- Lay Bet is a bet that a specific outcome will not happen, often used in betting exchanges.
- Live Betting
- Live Betting allows you to place bets on a match while it is happening, with odds updating in real time.
- Moneyline
- Moneyline is a bet on which team or player will win a match, with odds expressed as a positive or negative number.
- Odds
- Odds show how likely an event is to happen and how much money you can win if your bet wins.
- Over/Under
- Over/Under is a bet on whether the total score in a match will be higher or lower than a set number.
- Parlay
- Parlay is a single bet that links together two or more individual wagers and pays out only if all of them win.
- Payout
- Payout is the total money you receive when a bet wins, including your original stake.
- RTP
- RTP, or Return to Player, is the percentage of total bets that a game pays back to players over time.
- Spread
- Spread is a point margin that the favored team must win by for a bet on them to pay out.
- Stake
- Stake is the amount of money you place on a bet.
- Value Bet
- Value Bet is a wager where the odds offered are higher than the true probability of the outcome, giving you an edge.
- Wagering Requirement
- Wagering Requirement is the number of times you must bet a bonus amount before you can withdraw any winnings.