Knowledge Base
Glossary
Plain-English definitions for the terminology used across ဘောလုံးလမ်းညွှန်.
- Accumulator
- Similar to a parlay, a bet that combines several selections and multiplies the odds together.
- American Odds
- Odds expressed as a positive or negative number; positive shows profit on a 100‑unit bet, negative shows amount needed to win 100 units.
- Arbitrage
- The practice of placing bets on all possible outcomes of an event with different bookmakers to guarantee a profit regardless of the result.
- Asian Handicap
- A point spread that gives a virtual advantage or disadvantage to each team to level the match.
- Bankroll
- The total amount of money set aside for betting activities.
- Bet Builder
- A feature allowing you to combine multiple markets from the same event into a single custom bet.
- Betting Slip
- A record or receipt of a placed bet, detailing the selections, odds, and stake.
- Bookmaker
- A company or person that sets odds and accepts bets on sporting events.
- Cash Out
- An option to settle a bet before the event ends, either to secure a profit or limit a loss.
- Decimal Odds
- A way to express odds as a single number that includes the stake; the total return equals the odds multiplied by the stake.
- Edge
- The advantage a bettor has over the bookmaker, often calculated as the difference between the true odds and the offered odds.
- Fractional Odds
- Odds displayed as a fraction, showing the profit relative to the stake (e.g., 5/1 means 5 units profit per 1 unit wagered).
- Free Bet
- A promotional bet credited to your account that can be used to place wagers without risking your own money.
- In-play Betting
- Placing bets on a match while it is already in progress, with odds updating in real time.
- Lay Bet
- A bet that a particular outcome will not happen, typically placed on a betting exchange.
- Market Movement
- The change in odds or betting volume as more bets are placed, often indicating where the public is leaning.
- Moneyline
- A straightforward bet on which team will win the match, with odds reflecting the probability of each outcome.
- Over/Under
- A bet on whether the total combined score will be higher (over) or lower (under) a set number.
- Parlay
- A single bet that links multiple selections; all must win for the bet to pay out.
- Payout
- The total amount you receive when a bet wins, including the original stake and profit.
- RTP
- The percentage of total wagered money that a game pays back to players over a long period.
- Stake
- The amount of money you risk on a bet.
- Value Bet
- A bet where the odds offered are higher than the true probability of the outcome, suggesting a positive expected return.
- Vig
- The commission or fee a bookmaker charges for taking a bet, built into the odds.
- Wagering Requirement
- The number of times you must bet a bonus or free bet amount before you can withdraw any winnings.