Knowledge Base
Glossary
Plain-English definitions for the terminology used across Stadium View.
- American Odds
- A format that uses plus or minus numbers to indicate how much you win on a 100-unit stake.
- Bankroll
- The total amount of money you have set aside for betting.
- Bet Builder
- A tool that lets you combine multiple markets from a single match into a custom bet.
- Bet Slip
- A digital record that lists your selected bets, the stake, and potential payout before confirmation.
- Bookmaker Margin
- The built-in advantage a bookmaker includes in the odds, ensuring they make a profit over the long term.
- Cash Out
- A feature that lets you settle a bet before the event ends, locking in a profit or limiting a loss.
- Closing Line Value
- The difference between the odds you took when placing a bet and the final odds at the start of the event.
- Decimal Odds
- A format that expresses the total return per unit staked, including the original stake.
- Fractional Odds
- A format that shows the profit relative to the stake, displayed as a fraction (e.g., 3/1).
- Futures
- A bet placed on an event that will be decided in the future, such as which team wins the tournament.
- Juice
- The commission or cut a bookmaker takes, often reflected in the odds as a small additional percentage.
- Line Movement
- The change in odds or spread after the initial release, often caused by betting action or new information.
- Live Betting
- Placing bets on a match while it is in progress, with odds that update as the game unfolds.
- Moneyline
- A bet that picks the winner of a match without any point spread, just odds on each side.
- Odds Format
- The way odds are displayed, such as decimal, fractional, or American, each showing potential payout differently.
- Outright Bet
- Another term for a futures bet, focusing on the final result of a competition rather than individual matches.
- Over/Under
- A bet on whether the total number of goals/scores 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 bet to pay out.
- Player Prop
- A prop bet focused on an individual player’s performance, such as number of goals or assists.
- Point Spread
- A handicap given to the underdog to make both teams have an equal chance of covering the bet.
- Prop Bet
- A wager on a specific occurrence within a match that does not affect the final score, like which player scores first.
- Same-Game Parlay
- A parlay that uses multiple markets from a single match, allowing you to combine several predictions into one bet.
- Stake
- The amount of money you risk on a bet.
- Unit
- A standardized portion 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, giving an expected positive return.