Knowledge Base
Glossary
Plain-English definitions for the terminology used across World Cup Hub.
- Asian Handicap
- Asian handicap gives a virtual advantage or disadvantage to a team to eliminate the draw option, offering two possible winning outcomes.
- Back
- Backing a bet means you are betting for an outcome, hoping that the selection you choose will win.
- Bankroll
- Your bankroll is the total amount of money you have set aside for betting, and managing it responsibly helps you stay in the game longer.
- Cash Out
- Cash out gives you the option to settle a bet before the match ends, locking in a profit or cutting a loss based on the current odds.
- Closing Line
- The closing line is the final set of odds offered before a match starts, and beating it is a sign of a successful bet.
- Double Chance
- Double chance lets you cover two of the three possible match results in one bet, improving your chances of winning.
- Futures
- A futures bet is a long-term wager placed on an outcome that will be decided later, such as which team will win the World Cup.
- Half-Time Bet
- A half-time bet is a wager placed on the outcome of a match at the end of the first half only.
- Hedge
- Hedging means placing an opposite bet to reduce risk or guarantee a profit, often used when the original bet looks likely to win.
- In-Play
- In-play betting lets you place bets on a match while it is ongoing, with odds that update as the action unfolds.
- Juice
- Juice, also called vig, is the commission a bookmaker charges for taking a bet, built into the odds.
- Kelly Criterion
- Kelly criterion is a formula that calculates the optimal size of a bet based on your perceived edge, aiming to maximize long-term growth.
- Lay
- Laying a bet means you are betting against an outcome, acting as the bookmaker and accepting wagers from other bettors.
- Moneyline
- A moneyline bet is a straightforward wager on which team will win a match, with odds expressed as a positive or negative number.
- Odds Boost
- An odds boost is a promotion that increases the payout on a specific bet, offering better returns than the regular odds.
- Over/Under
- An over/under bet is a prediction on whether the total number of goals scored in a match will be higher or lower than a set number.
- Parlay
- A parlay combines multiple selections into a single wager, and all selections must win for the bet to pay out, increasing the potential reward.
- Point Spread
- A point spread bet pits a favorite against an underdog by assigning a handicap to the favorite to level the playing field for betting.
- Prop Bet
- A prop bet focuses on a specific event within a match, like which player will score the first goal, rather than the final result.
- Stake
- The stake is the amount of money you risk on a bet, and it determines both your potential winnings and losses.
- Steam
- Steam refers to rapid, widespread line movement caused by heavy betting action, often indicating sharp money.
- Unit
- A unit is a standard measurement of the size of a bet, usually a small percentage of your bankroll, used to keep bets consistent.
- Value Bet
- A value bet occurs when the odds offered by a bookmaker are higher than the true probability of the outcome, giving you an expected profit.