Knowledge Base
Glossary
Plain-English definitions for the terminology used across ဘောလုံးလမ်းညွှန်.
- Accumulator
- A single bet that combines multiple selections; all must win for the bet to pay out.
- Arbitrage Betting
- Exploiting differing odds across bookmakers to place opposing bets and secure a risk‑free profit.
- Asian Handicap
- A handicap system that removes the draw option and splits bets into two half‑handicaps for tighter odds.
- Back Bet
- Betting that an outcome WILL happen; the most common type of bet placed.
- Banker Bet
- A highly confident selection included in a parlay to boost the overall odds of the wager.
- Bankroll
- The total amount of money you have set aside specifically for placing bets.
- Bet Builder
- A tool that lets you combine different markets from a single match into one custom wager.
- Bet Limit
- The maximum amount a bookmaker allows you to wager on a particular market or event.
- Bet Slip
- The digital record showing your selected bets, the odds, and the potential payout before you confirm.
- Cash Out
- The option to settle a bet before the event ends, locking in a profit or reducing a loss.
- Double Chance
- A bet that covers two of the three possible outcomes (win, draw, loss) in a single match.
- Free Bet
- A promotional credit you can use to place a bet; any winnings (minus the stake) are usually withdrawable.
- Handicap
- A numerical advantage or disadvantage given to a team to make the betting more balanced.
- Hedge Betting
- Placing opposite bets on different outcomes to guarantee a profit or limit loss regardless of the result.
- In-play Betting
- Placing bets after an event has started, with odds that update as the action unfolds.
- Juice
- The commission or fee a bookmaker adds to the odds, also called “vig,” which ensures their profit.
- Kelly Criterion
- A mathematical formula that calculates the optimal size of a bet based on your edge and bankroll.
- Lay Bet
- Betting that an outcome will NOT happen; you act as the bookmaker, accepting other players' stakes.
- Odds
- Numbers that reflect the likelihood of an outcome and determine how much you can win if your bet succeeds.
- Over/Under
- A bet on whether a specific statistic, such as total goals, will be higher or lower than a set line.
- Parlay
- Another term for an accumulator; linking several bets together to increase potential returns.
- RTP
- Return to Player — the percentage of total money wagered on a game that is paid back to players over time.
- Spread
- A point margin set by a bookmaker to level the chances between two teams in a match.
- Stake
- The amount of money you risk on a particular bet.
- Wagering Requirement
- The number of times you must bet a bonus amount before you can withdraw any winnings from it.