Knowledge Base
Glossary
Plain-English definitions for the terminology used across Coach's Corner.
- American Odds
- American odds use a plus or minus sign to show how much you would win on a 100‑unit bet (plus for underdogs, minus for favorites).
- Asian Handicap
- Asian handicap eliminates the draw by giving a half‑goal or quarter‑goal advantage or disadvantage to each team, creating only two possible outcomes.
- Bankroll Management
- Bankroll management is the practice of setting a budget for betting and deciding how much to wager on each bet to avoid big losses.
- Cash Out
- Cash out lets you settle a bet before the match ends, locking in a profit or cutting a loss based on the current odds.
- Closing Line
- The closing line is the final odds offered just before a match starts; getting a better line than the closing line can indicate a good bet.
- Decimal Odds
- Decimal odds show the total amount returned for each unit wagered, including the original stake.
- Edge
- An edge is an advantage you believe you have over the bookmaker’s odds, often based on data or insight, increasing your expected value.
- Fractional Odds
- Fractional odds indicate the profit relative to the stake, expressed as a fraction (for example, 5/1 means you win five units per one unit staked).
- Implied Probability
- Implied probability converts odds into a percentage that reflects the chance of an outcome as suggested by the odds.
- In-Play
- In‑play betting lets you place bets on a match while it is ongoing, with odds that update as the game unfolds.
- Moneyline
- A moneyline bet is a straightforward wager on which team will win a match, without any point spread.
- Odds
- Odds represent the likelihood of a specific outcome in a match and determine how much a winning bet will pay.
- Over/Under
- An over/under bet predicts whether the total number of goals scored in a match will be higher or lower than a set figure.
- Parlay
- A parlay combines multiple bets into one wager; all selections must win for the parlay to pay out, increasing potential returns.
- Payout
- A payout is the total amount of money you receive from a winning bet, including the original stake and profit.
- Point Spread
- A point spread assigns a handicap to the favored team to level the betting field, requiring them to win by a certain margin.
- Prop Bet
- A prop bet focuses on a specific event within a match, such as which player scores first or how many yellow cards are issued.
- Public Money
- Public money is the volume of bets placed by casual bettors; when public money heavily backs one side, the odds may shift in the opposite direction.
- Stake
- The stake is the amount of money you put on a bet; if the bet wins, you receive the stake plus any profit.
- Steam Move
- A steam move occurs when odds shift quickly across many books, often due to heavy betting action, signaling where the public is placing money.
- Unit
- A unit is a standard amount of money used to measure the size of a bet, often a small percentage of your total bankroll.
- Vig
- Vig, also called juice, is the commission a bookmaker takes on a bet, built into the odds so the bookmaker makes a profit regardless of the outcome.
- Wagering Requirement
- A wagering requirement specifies how many times you must bet a bonus amount before you can withdraw any winnings derived from that bonus.