Knowledge Base
Glossary
Plain-English definitions for the terminology used across Match Daily.
- Arbitrage
- Exploiting differences in odds across sportsbooks to guarantee a profit regardless of the outcome.
- Bankroll Management
- The practice of deciding how much money to risk on each bet to avoid losing everything.
- Bonus
- Extra funds or free bets offered by a sportsbook to attract new customers or reward existing ones.
- Cash Out
- A feature allowing you to settle a bet before the match ends, locking in a profit or limiting a loss.
- Chalk
- The favorite in a game, often indicated by low odds.
- Dutching
- Placing bets on multiple outcomes in the same event to guarantee a profit regardless of the result.
- Edge
- The advantage a bettor has over the sportsbook, often calculated as the difference between true odds and offered odds.
- Free Bet
- A bet funded by the sportsbook that allows you to win real money but you do not risk your own funds.
- Futures
- A bet placed on an outcome that will be decided in the future, like which team wins the tournament.
- Kelly Criterion
- A formula used to determine the optimal size of a bet based on your edge.
- Live Betting
- Placing bets on a match while it is already in progress, with odds that update as the game unfolds.
- Middle
- A betting strategy where you profit if the final score falls between two spread numbers.
- Moneyline
- A bet on which team will win the match, with odds shown as a positive or negative number.
- Off the Board
- A situation where a sportsbook stops offering odds on a particular event.
- Over/Under
- A bet on whether the total number of goals or points in a match will be higher or lower than a set number.
- Parlay
- A single bet that links together two or more individual wagers and wins only if all selections win.
- Prop Bet
- A side bet on a specific event within a match, such as which player scores first.
- Public
- The majority of casual bettors whose betting patterns can influence odds.
- Rollover
- The number of times you must bet a bonus amount before you can withdraw any winnings.
- Spread
- A handicap given to a team to level the playing field, expressed as a number of goals or points.
- Steam
- A rapid shift in odds caused by heavy betting activity from sharp bettors.
- Value Bet
- A bet where the odds offered are higher than the true probability of the outcome, giving you an edge.
- Void Bet
- A bet that is canceled and all money is returned, usually due to a match being postponed or rules violations.