Knowledge Base
Glossary
Plain-English definitions for the terminology used across ទស្សនៈគ្រូបង្វឹក.
- American Odds
- odds expressed as a positive or negative number; positive shows profit on a $100 bet, negative shows amount needed to win $100.
- Bankroll
- the total amount of money set aside for betting.
- Cash Out
- the option to settle a bet before the event ends, taking a reduced payout.
- Decimal Odds
- a format where the total return per unit staked is shown as a single decimal number.
- Fractional Odds
- a traditional format showing profit relative to the stake, expressed as a fraction.
- Futures
- a bet placed on an outcome that will be decided far in the future, like who wins the World Cup.
- House Edge
- the mathematical advantage the bookmaker holds in a given bet.
- Implied Probability
- the chance of an outcome suggested by the odds, expressed as a percentage.
- Juice
- the commission charged by the bookmaker, built into the odds.
- Kelly Criterion
- a formula used to determine the optimal size of a bet based on perceived edge.
- Live Betting
- placing bets while a match is already in progress, with odds that change as the game unfolds.
- Moneyline
- a bet on which team will win the match outright, no point spread.
- Odds
- the numerical representation of the likelihood of an outcome, also indicating potential profit.
- Over/Under
- a bet on whether the total number of goals will be above or below a set number.
- Parlay
- a single bet that links multiple selections; all must win for a payout.
- Payout
- the total amount returned to the bettor when a bet wins, including the original stake.
- Prop Bet
- a wager on a specific event within a match, such as which player scores first.
- Provably Fair
- a system using cryptographic algorithms that lets players verify the fairness of each bet.
- RTP
- the percentage of total wagered money that a game returns to players over time.
- Spread
- a handicap given to the underdog to level the odds.
- Stake
- the amount of money wagered on a bet.
- Unit
- a standard measurement of bet size, usually a fixed percentage of the bankroll.
- Volatility
- a measure of how much the outcome of bets can swing up or down over a period.
- Wagering Requirement
- the number of times bonus money must be bet before it can be withdrawn.