Knowledge Base
Glossary
Plain-English definitions for the terminology used across World Cup Hub.
- Accumulator
- A multi‑selection bet where winnings roll over each winning leg, similar to a parlay.
- Arbitrage
- Exploiting differing odds across sportsbooks to guarantee a profit regardless of the result.
- Asian Handicap
- A spread betting system that eliminates the draw by giving half‑goal or quarter‑goal handicaps to teams.
- Bankroll
- The total amount of money set aside for betting activities.
- Bonus
- Extra funds or free bets offered by a sportsbook, usually subject to wagering conditions.
- Cash Out
- A feature allowing you to settle a bet before the event ends, locking in a profit or limiting a loss.
- Decimal Odds
- A way to express odds as a single number, where the total payout equals the stake multiplied by the decimal.
- Draw No Bet
- A market where the bet is refunded if the match ends in a draw, leaving only a win for either team.
- Fractional Odds
- Odds shown as a fraction, indicating the profit relative to the stake (e.g., 5/1 means $5 profit for each $1 wagered).
- Futures Bet
- A long‑term bet placed on an outcome that will be decided later, like which team wins the World Cup.
- Hedge
- Placing a bet on the opposite outcome to an existing bet to guarantee a profit or reduce risk.
- Kelly Criterion
- A mathematical formula used to determine the optimal size of a series of bets to maximize long‑term growth.
- Live Betting
- Placing bets on a match while it is in progress, with odds that update in real time.
- Moneyline
- A bet on which team will win the match outright, with odds expressed as a positive or negative number.
- Moneyline Odds
- Odds expressed as a positive or negative number, indicating how much you win on a $100 bet or how much you must bet to win $100.
- Over/Under
- A bet on whether the total number of goals scored in a match will be over or under a set figure.
- Parlay
- A single bet that links multiple selections; all must win for the bet to pay out.
- Payout
- The total amount returned to the bettor after a winning bet, including the original stake.
- Point Spread
- A handicap given to the underdog team to level the betting field, expressed as a 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 shown.
- Stake
- The amount of money wagered on a single bet.
- Value Bet
- A bet where the odds offered are higher than the true probability of the outcome, giving the bettor an edge.
- Vig (Juice)
- The commission taken by the sportsbook, built into the odds, that ensures the book makes a profit.
- Wagering Requirement
- The number of times you must bet a bonus amount before you can withdraw any winnings.