Knowledge Base
Glossary
Plain-English definitions for the terminology used across Stadium View.
- Accumulator
- A type of parlay where multiple selections are combined; returns multiply with each winning leg.
- American Odds
- Odds expressed with a plus or minus sign, showing how much you win on a $100 bet or the amount needed to win $100.
- Arbitrage
- Exploiting differences in odds across bookmakers to guarantee a profit regardless of the result.
- Back
- To bet on an outcome to happen, as opposed to laying it.
- Bankroll
- The total amount of money set aside for placing bets.
- Bookmaker
- A company or person that sets odds and accepts bets from the public.
- Cash Out
- The option to settle a bet early for a reduced payout, locking in profit or limiting loss.
- Decimal Odds
- Odds displayed as a single number (e.g., 2.50) representing total return per unit staked.
- Fractional Odds
- Odds shown as a fraction (e.g., 3/2) indicating profit relative to the stake.
- Futures
- A bet placed on the outcome of a tournament or award before it is decided.
- Handicapping
- The process of analyzing teams and statistics to predict outcomes and find value bets.
- Hedge
- Placing an opposite bet to reduce risk or lock in profit on an existing wager.
- In-Play Betting
- Placing bets on a match while it is ongoing, with odds that shift as the game progresses.
- Kelly Criterion
- A mathematical formula used to determine the optimal size of a bet based on perceived edge.
- Lay
- To bet against an outcome on a betting exchange, acting as the bookmaker.
- Moneyline
- A bet on which team will win a match, with odds expressed as a positive or negative number.
- Odds
- The numerical expression of the likelihood of an outcome, determining how much a winning bet pays.
- Over/Under
- A wager on whether the total combined score of a match will be higher or lower than a set number.
- Parlay
- A single bet that links two or more selections; all must win for the bet to pay out.
- Point Spread
- A handicap applied to the favored team to level the betting field, indicated by a margin of points.
- Prop Bet
- A side bet on specific events within a match, such as which player scores first.
- Stake
- The amount of money you risk on a single bet.
- Unit
- A standard measurement of bet size, often a fixed percentage of the bankroll.
- Value Bet
- A bet where the odds offered are higher than the true probability of the outcome, giving an expected profit.