Knowledge Base
Glossary
Plain-English definitions for the terminology used across World Cup Hub.
- Accumulator
- A single bet that links several selections; all must win for the bet to pay out.
- American Odds
- Odds shown as a positive or negative figure; positive indicates profit on a $100 bet, negative shows how much you must wager to win $100.
- Arbitrage
- Exploiting differing odds across bookmakers to guarantee a profit regardless of the final result.
- Asian Handicap
- A type of bet that gives one team a virtual advantage or disadvantage to level the playing field, making odds tighter.
- Back Bet
- Betting that a specific outcome will happen, similar to buying a ticket for that result.
- Bankroll
- The total money set aside for betting, kept separate from everyday expenses.
- Betting Exchange
- A platform where bettors can back or lay outcomes directly against each other, functioning like a marketplace rather than a traditional bookmaker.
- Bookmaker Margin
- The percentage of total wagers the bookmaker retains as profit, calculated from the gap between true probability and the offered odds.
- Both Teams To Score (BTTS)
- A wager on whether each side will score at least one goal during the match.
- Cash Out
- A feature allowing you to settle a bet before the final whistle, securing a profit or cutting a loss.
- Decimal Odds
- Odds expressed as a single number (e.g., 2.50) that includes your stake; multiplying the stake by this number gives total return.
- Draw No Bet
- A bet that returns your stake if the game ends in a draw, and pays out if your chosen team wins.
- Fractional Odds
- Odds displayed as a fraction (e.g., 3/2) that show how much profit you earn relative to your stake.
- Free Bet
- A promotional credit from a sportsbook that can be used to place a bet without risking your own money.
- Hedge
- Placing an additional bet on the opposite outcome to reduce risk or lock in a profit after an initial wager.
- In-Play Betting
- Placing bets while the match is ongoing, with odds that change in real time.
- Juice (Vigorish)
- The commission taken by the bookmaker on a bet, built into the odds to ensure the house makes a profit.
- Lay Bet
- Betting that a specific outcome will not happen, acting as the bookmaker by accepting other bettors' stakes.
- Market Movement
- Changes in odds or betting lines as more bets are placed, reflecting shifts in perceived probability and the bookmaker's risk.
- Moneyline
- A simple bet on which team will win the match, with odds reflecting the implied chance of each outcome.
- Over/Under
- A bet on whether the total number of goals scored in a match will be higher or lower than a figure set by the bookmaker.
- ROI (Return on Investment)
- The net profit or loss from betting expressed as a percentage of the total amount wagered.
- Stake
- The amount of money you risk on a bet.
- Value Bet
- A wager where the odds offered are higher than the true probability of the outcome, giving an expected positive return over time.
- Wagering Requirement
- The number of times you must bet a bonus or free bet before you can withdraw any resulting winnings.