Knowledge Base
Glossary
Plain-English definitions for the terminology used across ប្រកួតបាល់ទាត់.
- 1X2
- A betting market where you predict whether the home team wins (1), the match ends in a draw (X), or the away team wins (2).
- American Odds
- Odds displayed as a positive or negative number; a positive shows profit on a $100 bet, a negative shows the amount needed to win $100.
- Arbitrage
- Placing bets on all possible outcomes across different bookmakers to guarantee a profit regardless of the result.
- Asian Handicap
- A handicap given to each team to eliminate the draw option, making the odds closer to even.
- Back Bet
- A conventional bet that an outcome will happen, as opposed to a lay bet.
- Bankroll
- The total amount of money you set aside for placing bets.
- Bet Builder
- A feature that lets you combine multiple outcomes from the same match into one custom wager.
- Betfair Exchange
- A peer‑to‑peer betting platform where bettors can back and lay outcomes against each other.
- Both Teams to Score
- A bet on whether both teams will score at least one goal during the match.
- Cash Out
- The option to settle a bet before the event ends, accepting a reduced payout based on current odds.
- Correct Score
- A bet that predicts the exact final score of a match, such as 2‑1 or 3‑0.
- Decimal Odds
- Odds expressed as a single number that includes your stake; the total return equals your stake multiplied by the decimal.
- Fractional Odds
- Odds shown as a fraction, for example 5/1, indicating how much profit you make relative to your stake.
- In‑Play
- Betting on a match while it is still in progress, with odds that update as the game unfolds.
- KYC
- Know Your Customer; the process of verifying a bettor’s identity to prevent fraud and comply with regulations.
- Lay Bet
- A bet that a particular outcome will NOT happen, typically placed on a betting exchange.
- Margin
- The bookmaker’s built‑in advantage, usually a percentage, which ensures they make a profit over the long term.
- Odds Format
- The style in which betting odds are displayed, such as decimal, fractional, or American.
- Over/Under
- A bet on whether the total number of goals (or points) in a match will be more or less than a set line.
- Parlay
- A single bet that links two or more individual wagers; all selections must win for the parlay to pay out.
- Self‑Exclusion
- A voluntary program that lets a bettor block their own account for a set period to encourage responsible gambling.
- Stake
- The amount of money you risk on a single bet.
- Unit
- A standardized betting amount, often a fixed percentage of your bankroll, used to manage risk.
- Value Bet
- A wager where the odds offered are higher than the true probability of the outcome, giving you an expected positive return.
- Vig
- Short for vigorish, the commission or fee a sportsbook charges for taking a bet.