Knowledge Base
Glossary
Plain-English definitions for the terminology used across ဘောလုံးလမ်းညွှန်.
- Accumulator
- A single bet that combines multiple selections; all must win for the bet to pay out.
- Arbitrage
- Betting on all possible outcomes of an event across different bookmakers to guarantee a profit.
- Asian Handicap
- A betting market where the stronger team gives a head start to the weaker team to eliminate the draw option.
- Bankroll Management
- The strategy of allocating funds for betting to minimize the risk of losing money.
- Bookmaker
- A company that accepts bets and sets the odds for sporting events.
- Cash Out
- The ability to settle a bet before the event concludes to lock in a profit or minimize loss.
- Correct Score
- A bet predicting the exact final score of a match.
- Double Chance
- A bet that covers two of the three possible outcomes in a match, such as home win or draw.
- Draw No Bet
- A bet where you win if your team wins, but get your stake back if the match ends in a draw.
- First Goalscorer
- A bet on which player will score the first goal in a match.
- Handicap Betting
- Giving one team an artificial advantage or disadvantage to create balanced betting odds.
- In-Play Betting
- Placing bets on a match while it is in progress, with odds that update in real time.
- Kelly Criterion
- A mathematical formula used to calculate the optimal amount to bet based on your bankroll.
- Lay Bet
- A bet that a specific outcome will NOT happen, typically offered on betting exchanges.
- Margin
- The bookmaker's built-in profit margin that ensures they make money regardless of the outcome.
- Matched Betting
- Using free bets from bookmakers to guarantee a profit by betting on all possible outcomes.
- Odds
- The probability of a specific outcome occurring, shown as numbers that determine potential payout.
- Over/Under
- A bet on whether the total number of goals in a match will be over or under a specified number.
- Parlay
- A single bet combining multiple selections; all must win for a payout.
- RTP
- The percentage of all wagered money that a game pays back to players over time.
- Spread Betting
- A bet where the payout depends on how accurate the prediction is, not just win or lose.
- Stake
- The amount of money wagered on a single bet.
- Value Bet
- A bet where the odds offered seem higher than the actual probability of that outcome occurring.
- Void Bet
- A bet that is cancelled and the stake is refunded, usually when specific conditions are not met.
- Wagering Requirement
- The number of times a player must bet the bonus amount before withdrawing winnings.