Knowledge Base
Glossary
Plain-English definitions for the terminology used across အသင်းခွဲခြမ်းစိတ်ဖြာ.
- 1X2
- A three-way betting market where you pick either the home win (1), draw (X), or away win (2).
- Accumulator
- A single bet that links multiple selections; all must win for the bet to pay out.
- American Odds
- Odds displayed as a positive or negative number; positive shows profit on a $100 bet, negative shows amount needed to win $100.
- Arbitrage
- Betting on all possible outcomes of an event across different bookmakers to guarantee a profit regardless of result.
- Asian Handicap
- A handicap given to a team to level the match, eliminating the draw and offering two possible outcomes.
- Back Bet
- The standard bet that an outcome will happen, placed against the exchange or a bookmaker.
- Banker Bet
- A selection considered highly likely to win, often used to boost the odds of an accumulator.
- Bankroll Management
- The practice of setting aside a specific amount of money for betting and allocating stakes to minimize risk.
- Bet Builder
- An online tool that lets you combine multiple markets from a single match into one custom wager.
- Both Teams To Score
- A bet 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 event ends, either locking in a profit or cutting a loss.
- Decimal Odds
- A way to express odds as a single number (e.g., 2.50) that includes the stake in the total return.
- Draw No Bet
- A market where you bet on a team to win; if the match ends in a draw, the stake is refunded.
- Fractional Odds
- Odds shown as a fraction (e.g., 5/2) where the numerator indicates profit relative to the denominator stake.
- In-Play Betting
- Placing bets after a match has started, with odds that change as the game progresses.
- Juice
- The commission a bookmaker adds to the odds, which helps ensure they make a profit regardless of the outcome.
- Kelly Criterion
- A mathematical formula that calculates the optimal size of a bet based on the perceived edge and odds.
- KYC
- Know Your Customer; the process of verifying a player's identity and age to comply with legal regulations.
- Lay Bet
- Betting that an outcome will not happen, typically used on betting exchanges where you act as the bookmaker.
- Live Odds
- Dynamic odds that update in real time during an event, reflecting the current state of play.
- Over/Under
- Betting on whether the total number of goals (or points) will be higher or lower than a set line.
- Responsible Gambling Tools
- Features like deposit limits, self‑exclusion, and reality checks that help players stay in control of their betting.
- Same-Game Parlay
- A parlay composed of different selections within the same match, such as goals, cards, and corners.
- Value Bet
- A bet where the odds offered are higher than the true probability, giving the bettor an expected edge.
- Wagering Requirement
- The number of times bonus funds must be turned over before they can be withdrawn as real money.