Knowledge Base
Glossary
Plain-English definitions for the terminology used across Goal Moments.
- Arbitrage
- Arbitrage involves betting on all possible outcomes of an event across different sportsbooks to guarantee a profit regardless of result.
- Asian Handicap
- Asian Handicap is a spread betting style that eliminates the draw option and offers more flexible handicap lines.
- Bankroll Management
- Bankroll Management is the practice of setting a budget for betting and sticking to it to avoid excessive losses.
- Bet Slip
- Bet Slip is the digital record where you list the bets you want to place, showing odds and potential payouts.
- Cashback
- Cashback is a promotion that returns a percentage of your losses over a set period, giving you a safety net.
- Chalk
- Chalk refers to the favorite in a game, often indicated by higher odds or a negative point spread.
- Edge
- Edge is the advantage a bettor believes they have over the sportsbook’s odds, often based on analysis or information.
- Futures
- Futures are bets placed on events that will be decided in the future, such as which team wins the tournament.
- In-Play Betting
- In-Play Betting allows you to place wagers on a match while it is happening, with odds that update in real time.
- Juice
- Juice, also called vig, is the commission a sportsbook charges for taking a bet, usually built into the odds.
- KYC
- KYC stands for Know Your Customer, a verification process where sportsbooks confirm your identity to prevent fraud and ensure legal compliance.
- Limit
- Limit is the maximum amount a sportsbook will allow you to wager on a specific event or market.
- Moneyline
- Moneyline is a bet on which team will win a match, with odds expressed as a positive or negative number.
- Odds
- Odds represent the likelihood of an outcome and determine how much you can win relative to your stake.
- Parlay
- Parlay is a single bet that links multiple selections; all must win for the bet to pay out, increasing potential payout.
- Point Spread
- Point Spread is a handicap that evens the playing field by giving the underdog extra points or taking them from the favorite.
- Provably Fair
- Provably Fair is a system that lets players verify that each game result was generated fairly, using cryptographic proofs.
- Push
- Push occurs when a bet ends in a tie, resulting in the stake being returned to the bettor.
- Round Robin
- Round Robin is a series of smaller parlays created from a list of selected teams, spreading risk across multiple bets.
- RTP
- RTP is the percentage of total bets a game pays back to players over time, indicating expected earnings.
- Stake
- Stake is the amount of money you put on a bet; it determines your potential winnings and losses.
- Value Bet
- Value Bet is a wager where the odds offered are higher than the true probability of the outcome, offering expected profit.
- Volatility
- Volatility measures how often and how much a game can pay out; high volatility means bigger but rarer wins.
- Wagering Requirement
- Wagering Requirement is the number of times you must bet a bonus amount before you can withdraw any winnings.