Knowledge Base
Glossary
Plain-English definitions for the terminology used across Coach's Corner.
- Arbitrage
- Exploiting differences in odds across books to place opposing bets and guarantee a profit regardless of the result.
- Asian Handicap
- A spread betting system that eliminates the draw by giving a half‑goal or quarter‑goal handicap to each team.
- Bankroll Management
- The practice of deciding how much money to risk on each bet to stay within your budget.
- Cash Out
- An option to settle a bet early for a reduced payout, locking in a profit or limiting a loss.
- Cover
- When a team beats the point spread, the favorite "covers" and the underdog fails to cover.
- Edge
- The perceived statistical advantage a bettor believes they have over the sportsbook's odds.
- European Handicap
- A three‑way handicap where a fixed number of goals is added to the underdog before the match starts.
- Futures
- A long‑term bet placed on an outcome such as which team will win the tournament before it begins.
- Juice
- The commission or vigorish that a sportsbook adds to the odds, usually reflected in the price of a bet.
- KYC
- Short for "Know Your Customer," a set of identity verification steps required by regulators to prevent fraud and underage gambling.
- Live Betting
- Placing bets on events while the match is in progress, with odds that update in real time.
- Moneyline
- A straight bet on which team will win the match, with odds expressed as a positive or negative number.
- Over/Under
- A bet predicting whether the total number of goals in a match will be higher or lower than a set line.
- Parlay
- A single bet that combines two or more selections; all must win for the parlay to pay out.
- Point Spread
- A handicap given to the favorite team to level the betting field, expressed as a plus/minus number of goals.
- Prop Bet
- A wager on a specific event within a match, such as which player scores first or how many yellow cards are given.
- Push
- A tie result in a bet where the wager is refunded because the final outcome matches the line exactly.
- Rollover Requirement
- A condition that bonus funds must be wagered a certain number of times before any winnings can be withdrawn.
- Self‑Exclusion
- A voluntary program that allows a player to block themselves from betting for a set period.
- Square
- A casual or recreational bettor whose betting patterns are often exploited by sportsbooks.
- Stake
- The amount of money you put at risk on a single bet.
- Unit
- A standard amount of money (often a percentage of your bankroll) used to size bets consistently.
- Value Bet
- A bet where the odds offered are higher than the true probability of the outcome, indicating a positive expected value.