Knowledge Base
Glossary
Plain-English definitions for the terminology used across World Cup Hub.
- Accumulator
- A single bet that combines multiple selections; all must win for the bet to pay out, multiplying the odds.
- American Odds
- Odds expressed as a positive or negative number; positive shows profit on a $100 bet, negative shows amount needed to win $100.
- Asian Handicap
- A point spread that eliminates the draw outcome, giving one team a fractional or whole advantage to balance odds.
- Back Bet
- A conventional bet that an outcome will happen, placed against the exchange or sportsbook.
- Bankroll
- The total amount of money set aside for betting, used to manage stakes and avoid overspending.
- Bet Builder
- A tool that lets you combine multiple outcomes from the same match into a single custom wager.
- Betting Exchange
- A platform where bettors wager against each other, setting their own odds and paying a commission on winnings.
- Bonus Rollover
- A type of wagering requirement that states how many times the bonus funds must be turned over to become withdrawable.
- Cashout
- A feature allowing you to settle a bet before the event ends, locking in a profit or limiting a loss based on current odds.
- Decimal Odds
- A way to express odds as a single number that includes the stake, showing the total return per unit bet.
- Fractional Odds
- Traditional odds shown as a fraction, indicating the profit relative to the stake (e.g., 5/1 means $5 profit per $1).
- Free Bet
- A promotional credit given by a sportsbook that can be used to place a bet without risking your own money.
- Hedging
- Placing bets on opposite outcomes to guarantee a profit or reduce risk, often used after an initial bet wins.
- Kelly Criterion
- A mathematical formula that calculates the optimal size of a bet relative to your perceived edge.
- Lay Bet
- A bet that a specific outcome will not happen, common on betting exchanges where you act as the bookmaker.
- Live Betting
- Placing bets on a match while it is in progress, with odds that update in real time as the game unfolds.
- Maximum Payout
- The highest amount a sportsbook will pay out on a winning bet, often limited by the site’s terms and conditions.
- Moneyline
- A bet on which team will win the match outright, with odds reflecting the likelihood of each outcome.
- Over/Under Goals
- A wager on whether the total number of goals scored in a match will be higher or lower than a set line.
- ROI
- The net profit or loss from betting expressed as a percentage of the total amount wagered.
- Stake
- The amount of money placed on a bet, determining the potential payout if the bet wins.
- Value Bet
- A bet where the odds offered by the sportsbook are higher than the true probability of the outcome, giving an edge.
- Vigorish (Juice)
- The commission charged by a sportsbook on a bet, typically built into the odds, ensuring the bookmaker’s profit.
- Void Bet
- A bet that is canceled and refunded, usually due to a match being postponed, abandoned, or a rule violation.
- Wagering Requirement
- The number of times you must bet a bonus amount before it can be withdrawn as cash.