Knowledge Base
Glossary
Plain-English definitions for the terminology used across ပန်းသွင်းမှု.
- Accumulator
- An accumulator is a parlay where winnings from each winning leg are reinvested into the next, creating exponentially higher potential returns.
- Arbitrage
- Arbitrage involves betting on all possible outcomes of an event across different bookmakers to guarantee a profit regardless of the result.
- Asian Handicap
- Asian Handicap splits the handicap into quarter‑goal increments, eliminating the draw and giving a push option, which is popular for World Cup matches.
- Bankroll
- Bankroll is the total money you have set aside exclusively for betting, and managing it is key to long‑term success.
- Betting Exchange
- A betting exchange is a platform where bettors can back or lay outcomes against each other, often with lower juice than traditional bookmakers.
- Bookmaker
- A bookmaker is a company that sets the odds and accepts bets on sporting events, including World Cup matches.
- Both Teams to Score
- Both Teams to Score (BTTS) is a market where you win if each side scores at least one goal, regardless of the winner.
- Cash Out
- Cash out allows you to settle a bet before the match ends, locking in a profit or limiting a loss based on the current odds.
- Cash Out Percentage
- Cash out percentage tells you what portion of the potential payout the bookmaker will offer when you request a cash out.
- Correct Score
- Correct Score asks you to predict the exact final score of a game; it offers high odds but is very hard to hit.
- Edge
- Edge is the theoretical advantage you believe you have over the bookmaker’s odds, which can lead to a positive expected return.
- Futures
- Futures are long‑term bets placed before the tournament ends, such as wagering on which country will lift the World Cup.
- Goal Line
- Goal line is the benchmark total goals set by the bookmaker, similar to Over/Under, often used in Asian betting markets.
- Juice
- Juice, also called vig, is the commission the bookmaker builds into the odds so they profit regardless of the outcome.
- Kelly Criterion
- Kelly Criterion is a formula that calculates the optimal fraction of your bankroll to wager based on your perceived edge, aiming to maximize growth.
- Lay Bet
- Lay bet is a wager that a particular outcome will NOT happen, offered on betting exchanges, essentially acting as the bookmaker.
- Live Betting
- Live betting lets you place bets while a match is in progress, with odds that change in real time as the game unfolds.
- Moneyline
- Moneyline is a simple bet on which team will win the match, expressed as odds that show how much you can profit per unit wagered.
- Over/Under
- Over/Under is a bet on whether the total number of goals scored in a match will be higher or lower than a number set by the bookmaker.
- Parlay
- Parlay combines two or more selections into a single wager; all must win for you to receive a payout.
- Prop Bet
- Prop bet is a wager on a specific occurrence within a match—like which player scores first—independent of the final result.
- Spread
- Spread, also called point spread, gives the favorite a negative handicap and the underdog a positive one so the betting is balanced.
- Stake
- Stake is the amount of money you risk on a bet, and it determines both your potential profit and loss.
- Value Bet
- A value bet occurs when the odds offered are higher than the true probability of the outcome, giving you a statistical edge.