Knowledge Base
Glossary
Plain-English definitions for the terminology used across Goal Moments.
- Arbitrage
- Exploiting differences in odds across bookmakers to place opposing bets and secure a risk‑free profit.
- Asian Handicap
- A handicap system that eliminates the draw option and splits the handicap into two half‑goal increments.
- Bankroll Management
- The practice of deciding how much money to allocate to betting and how to size each wager.
- Bonus
- Extra funds or free bets offered by a bookmaker, usually subject to conditions before you can withdraw.
- Bookmaker
- A company or platform that sets odds and accepts bets on sports and other events.
- Cash Out
- A feature that lets you settle a bet before the event ends, either locking in a profit or limiting a loss.
- Draw No Bet
- A bet where you win if your selected team wins, and you get your stake back if the match ends in a draw.
- Free Bet
- A token or credit that lets you place a bet without using your own money; winnings are usually paid without the stake.
- Hedge
- Betting on the opposite outcome of an existing bet to reduce risk or guarantee a profit.
- In-Play Betting
- Placing a bet on a match while it is happening, with odds that update as the game progresses.
- Juice (Vig)
- The commission or fee a bookmaker adds to the odds, usually reflected in the odds you receive.
- Kelly Criterion
- A mathematical formula that calculates the optimal size of a bet based on the perceived edge.
- Margin
- The bookmaker’s built‑in profit margin, calculated as the difference between the true odds and the odds offered.
- Moneyline
- A bet on which team will win the match, with odds expressed as a positive or negative number.
- Odds
- The number that shows how likely an outcome is and how much you can win if your bet is correct.
- Over/Under
- A bet on whether the total number of goals in a match will be more or less than a set figure.
- 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 back if your bet wins, including your original stake.
- Point Spread
- A handicap given to a team to make the outcome of a bet more even, often shown as a plus or minus number.
- Rollover
- The total amount you must wager to meet a bonus or promotion's terms, often expressed as a multiple of the bonus.
- Single Bet
- A straightforward bet on one outcome, with a win determined by that single selection.
- Stake
- The amount of money you put on a bet.
- Unit (Betting Unit)
- A standard amount of your bankroll used as a reference for sizing bets, often 1‑2% of the total.
- Value Bet
- A bet where the odds offered by the bookmaker are higher than the true probability of the outcome, giving an edge.
- Wagering Requirement
- A condition that says how many times you must bet a bonus before any winnings can be withdrawn.