Knowledge Base
Glossary
Plain-English definitions for the terminology used across ការវាយតម្លៃប្រកួត.
- Arbitrage
- Arbitrage involves betting on all possible outcomes of an event across different bookmakers to guarantee a profit.
- Bankroll Management
- Bankroll management is the practice of setting limits on how much money you wager to avoid losing too much.
- Bookmaker Margin
- Bookmaker margin, also called vig or juice, is the commission a bookmaker includes in the odds.
- Cash Out
- Cash out lets you settle a bet before the event ends, locking in a profit or limiting a loss.
- Futures
- Futures are bets placed on events that will be decided in the future, such as which team will win the World Cup.
- Handicap
- A handicap gives one side a virtual advantage or disadvantage to level the playing field for betting.
- House Edge
- House edge is the built-in advantage a bookmaker or casino has, expressed as a percentage of each bet.
- In-play
- In-play betting, also called live betting, allows you to place wagers on a match while it is being played.
- Juice
- Juice is the fee or cut a bookmaker takes, typically built into the odds to ensure a profit.
- Kelly Criterion
- The Kelly Criterion is a formula used to determine the optimal size of a bet to maximize long‑term growth.
- Lay Bet
- A lay bet is a wager that an outcome will not happen, essentially acting as the bookmaker.
- Line Movement
- Line movement refers to changes in the odds or point spread over time as more bets are placed.
- Maximum Bet
- Maximum bet is the highest amount you are allowed to wager on a single bet or market.
- Odds
- Odds represent the probability of an outcome and determine how much you can win relative to your stake.
- Over/Under
- Over/Under is a bet on whether a specific statistic, like total goals, will be above or below a set number.
- Parlay
- A parlay combines multiple selections into one bet, and all must win for the bet to pay out.
- Push
- A push occurs when a bet ends in a tie, resulting in the stake being refunded.
- RTP
- RTP, or Return to Player, is the percentage of total wagers that a game returns to players over time.
- Stake
- The stake is the amount of money you risk on a single bet.
- Steam
- Steam describes rapid line movement caused by heavy betting activity on a particular outcome.
- Value Bet
- A value bet is when the odds offered are higher than the true probability of the outcome, giving an expected profit.
- Void Bet
- A void bet cancels the wager, returning the stake to the bettor without any win or loss.
- Wagering Requirement
- A wagering requirement specifies how many times you must bet a bonus before you can withdraw any winnings.