Knowledge Base
Glossary
Plain-English definitions for the terminology used across Match Daily.
- Accumulator
- A single bet that combines two or more selections; all must win for the bet to pay out.
- Arbitrage
- Taking advantage of differing odds across bookmakers to guarantee a profit regardless of the final outcome.
- Asian Handicap
- A spread‑style handicap that gives one team a virtual lead or deficit to make both sides equally attractive to bet on.
- Bankroll
- The total amount of money you have set aside for placing bets.
- Bet Builder
- A tool that lets you combine several markets from the same match into one custom wager.
- Betting Exchange
- A platform where bettors back and lay outcomes directly, acting as a marketplace without a traditional bookmaker.
- Cash Out
- A feature allowing you to settle a bet before the event ends, locking in a profit or limiting a loss.
- Correct Score
- A bet that predicts the exact final score of a match.
- Decimal Odds
- Odds expressed as a single number (e.g., 2.50); multiplying your stake by this number gives the total return.
- Draw No Bet
- A bet that returns your stake if the match ends in a draw; you win only if your chosen team wins.
- First Goal Scorer
- A prop bet on which player will score the first goal of the match.
- Fractional Odds
- Odds displayed as a fraction (e.g., 3/2) that indicate the profit you make for every unit staked.
- Hedging
- Placing extra bets to offset risk so you can secure a profit or limit a loss whatever the result.
- In-Play
- Betting on a match while it is already underway, with odds that change as the action unfolds.
- Kelly Criterion
- A mathematical formula that calculates the optimal proportion of your bankroll to wager based on your perceived edge.
- Lay Bet
- A bet that a particular outcome will not happen, offered on betting exchanges.
- Moneyline
- A straight win bet on which team will win, with odds reflecting each side’s likelihood.
- Odds
- The price assigned to a betting outcome, showing how much you can win relative to your stake.
- Over/Under
- A bet on whether the total number of goals in a match will be higher (over) or lower (under) than a set line.
- ROI
- Return on Investment; the net profit or loss from betting expressed as a percentage of the total amount wagered.
- Spread Betting
- A bet on a variable outcome such as total goals, where winnings or losses are multiplied by how far the result is from the spread.
- Tipster
- A person or service that provides expert betting predictions and analysis for a fee or free.
- Unit
- A standardized bet size, usually equal to 1 % of your bankroll, used to track performance and manage stakes.
- Value Bet
- A wager where the odds offered are higher than the true probability of the outcome, giving you an expected edge.
- Vigorish
- The commission a bookmaker includes in the odds, guaranteeing a profit over the long term.