Knowledge Base
Glossary
Plain-English definitions for the terminology used across Match Daily.
- Arbitrage Betting
- Arbitrage betting exploits differences in odds across markets to guarantee a profit regardless of the outcome.
- Asian Handicap
- Asian handicap gives one team a fractional goal advantage or disadvantage to balance the match for betting.
- Bankroll
- Your bankroll is the total amount of money you have set aside for betting.
- Both Teams To Score
- Both Teams To Score (BTTS) bets win if each side scores at least one goal during the match.
- Cash Out
- Cash out allows you to settle a bet before the event ends, locking in a profit or limiting a loss.
- Correct Score
- Correct Score bets require you to predict the exact final score of a match.
- Dutching
- Dutching spreads your stake across multiple outcomes so you profit regardless of which one wins.
- Free Bet
- A free bet is a token you can use to place a wager without risking your own money.
- In-Play Betting
- In-play betting lets you place bets on a match while it is still in progress.
- Juice
- Juice, also called vigorish, is the commission a bookmaker charges for taking a bet.
- Kelly Criterion
- The Kelly Criterion is a formula that calculates the optimal size of a bet based on your edge.
- KYC
- KYC stands for Know Your Customer; it is the process of verifying your identity to comply with regulations.
- Lay Bet
- A lay bet is a wager that an outcome will not happen, typically placed on a betting exchange.
- Matched Betting
- Matched betting uses free bets and promotions to create risk-free profits by covering all possible results.
- Multiple Bet
- A multiple bet links several selections; all must win for the bet to pay out.
- Odds
- Odds represent the probability of an outcome and determine how much you can win relative to your stake.
- Odds Boost
- An odds boost is a special promotion that increases the payout odds on a selected bet.
- Over/Under
- Over/Under bets predict whether the total number of goals in a match will be above or below a set number.
- ROI
- ROI, or Return on Investment, measures the net profit earned relative to the total amount wagered.
- Self-Exclusion
- Self-exclusion is a tool that lets you temporarily block yourself from betting on the platform.
- Single Bet
- A single bet is a wager placed on one outcome, with winnings based only on that result.
- Stake
- Your stake is the amount of money you risk on a bet.
- Tipster
- A tipster is a person or service that provides expert predictions and betting advice.
- Value Bet
- A value bet occurs when the odds offered are higher than the true probability suggests, giving an edge.
- Wagering Requirement
- A wagering requirement specifies how many times you must bet a bonus before you can withdraw any winnings.