Knowledge Base
Glossary
Plain-English definitions for the terminology used across Match Daily.
- Accumulator
- An accumulator combines multiple selections into one bet, with each selection needing to win for a payout.
- Arbitrage
- Arbitrage, or ‘arbing’, is exploiting differences in odds across bookmakers to guarantee a profit.
- Asian Handicap
- Asian Handicap gives a team a positive or negative goal start to level the playing field, removing the draw option.
- Bankroll
- Bankroll is the total amount of money you have set aside for betting.
- Bet Builder
- Bet Builder is a tool that lets you combine multiple markets from the same match into one custom bet.
- Bet Slip
- Bet Slip is the area where you review and confirm the selections and amounts for your wagers.
- Bonus
- A bonus is extra funds or free bets credited to your account, often subject to conditions.
- Cashout
- Cashout lets you settle a bet before the event ends, locking in a profit or limiting a loss.
- Double Chance
- Double Chance lets you cover two of the three possible match results in a single wager.
- Dutching
- Dutching is the practice of betting on all possible outcomes of an event to guarantee a profit regardless of the result.
- Edge
- Edge is the statistical advantage a bettor has over the bookmaker in a given wager.
- Enhanced Odds
- Enhanced Odds are boosted prices offered on a specific selection, giving you a bigger potential payout.
- Free Bet
- A free bet is a promotional token you can use to place a bet without using your own money.
- Hedge
- Hedge betting involves placing a second bet on the opposite outcome to reduce risk or secure a profit.
- In-Play
- In-Play betting allows you to place wagers on a match while it is already in progress.
- Kelly Criterion
- Kelly Criterion is a formula used to determine the optimal size of a bet based on your perceived edge.
- Lay
- To lay a bet is to act as the bookmaker, betting against a particular outcome occurring.
- Odds
- Odds indicate how likely an outcome is and how much you can win relative to your stake.
- Over/Under
- Over/Under is a bet on whether the total number of goals (or points) in a match will be more or less than a set figure.
- Parlay
- A parlay is a single bet that links two or more selections, and all of them must win for the bet to pay out.
- RTP
- Return to Player (RTP) tells you what percentage of total bets a game pays back to players over time.
- Stake
- Stake is the amount of money you put on a bet.
- Value Bet
- A value bet occurs when the odds offered by the bookmaker are higher than the true probability of the outcome.
- Volatility
- Volatility describes how often and how much a game can pay out; high volatility means bigger but less frequent wins.
- Wagering Requirement
- A wagering requirement is the number of times you must bet a bonus before you can withdraw any winnings from it.