Knowledge Base
Glossary
Plain-English definitions for the terminology used across ကမ္ဘာ့ဖလားသတင်း.
- Accumulator
- A single bet that links two or more selections; all must win for the accumulator to pay out, multiplying the odds of each choice.
- Asian Handicap
- A handicap given to a team to remove the draw outcome, expressed in half‑ or quarter‑goal lines, making odds closer to 50/50.
- Bankroll Management
- The practice of setting a budget for betting and dividing it into units to avoid spending more than you can afford to lose.
- Bet Builder
- A tool that lets you combine multiple outcomes from the same match into one custom wager, such as both a goal scorer and the final score.
- Bet Slip
- The digital record on a sportsbook that lists the selections you have made, the stake, and the potential payout before you confirm the bet.
- Bonus Wagering Requirement
- The amount you must bet before withdrawing bonus funds; usually expressed as a multiple of the bonus or bonus plus deposit.
- Cash Out
- A feature that lets you settle a bet before the event ends, offering a guaranteed win or loss based on the current odds.
- Double Chance
- A bet that covers two of the three possible match results (e.g., home win or draw), reducing risk but offering lower odds.
- Draw No Bet
- A bet where you pick a team to win; if the match ends in a draw, the stake is refunded.
- Edge
- An advantage a bettor believes they have over the bookmaker’s odds, often identified through data analysis or line movements.
- House Edge
- The built‑in profit margin for the sportsbook, expressed as a percentage of each bet that the operator expects to keep on average.
- In-Play Betting
- Betting on a match after it has started, with odds that update in real time as the game progresses.
- KYC
- Know Your Customer – the process a sportsbook uses to verify a player’s identity and prevent fraud or underage gambling.
- Live Odds
- Odds that change during a live event, reflecting the current score, time remaining, and market activity.
- Maximum Payout
- The highest amount a sportsbook will pay out on a winning bet, often limited per bet, market, or customer.
- Odds Format
- The way odds are displayed – decimal (e.g., 2.50), fractional (e.g., 3/2), or American (+150) – indicating potential return per unit staked.
- Over/Under
- A bet on whether a specific statistic (such as total goals) will be higher or lower than a line set by the sportsbook.
- Prop Bet
- A wager on a specific event within a match that does not affect the final result, like which player scores first or the number of corners.
- RNG
- Random Number Generator – a computer algorithm that ensures the outcome of casino games is random and cannot be predicted.
- RTP
- Return to Player – the theoretical percentage of total wagered money a slot or casino game returns to players over time.
- Self-Exclusion
- A tool that allows a player to temporarily or permanently block their own account, helping them control gambling activity.
- Stake
- The amount of money you put on a bet; the stake determines the potential payout if the bet wins.
- Value Bet
- A bet where the odds offered are higher than the true probability of the outcome, giving the bettor a theoretical edge.
- Variance
- The statistical term for the swings in results that can happen in the short term, even when the expected value is positive.
- Wagering Requirement
- The total amount you must bet before bonus funds become withdrawable, often expressed as a turnover multiple.