Knowledge Base
Glossary
Plain-English definitions for the terminology used across Goal Moments.
- Accumulator
- An accumulator combines multiple selections into one bet, with all selections needing to win for a payout, multiplying the odds.
- Asian Handicap
- Asian handicap eliminates the draw option and splits the handicap into two halves, giving more nuanced betting options and reduced vig.
- Back Betting
- Back betting is the standard practice of wagering for an outcome to happen, with profit earned if that outcome occurs.
- Bankroll
- Your bankroll is the total amount of money you set aside for betting, serving as the foundation for managing stakes and risk.
- Bookmaker
- A bookmaker (or sportsbook) is a company that sets odds and accepts bets, taking the opposite side of the wager.
- Cash Out
- Cash out lets you settle a bet before all events are decided, either securing a profit or cutting a loss based on current odds.
- Decimal Odds
- Decimal odds show the total payout per unit wagered, including the original stake, making it easy to calculate returns.
- Each-Way
- An each-way bet splits your stake into two parts—one for a win and one for a placing—giving a return if your pick wins or places.
- Edge
- Your edge is the statistical advantage you have over the bookmaker’s odds, often derived from superior knowledge or analysis.
- Fractional Odds
- Fractional odds express the profit relative to the stake, displayed as a fraction (e.g., 5/1 means you win five units for each unit wagered).
- Free Bet
- A free bet is a token provided by the sportsbook that can be used to place a wager, with any winnings (not the stake) returned.
- In-Play Betting
- In-play betting allows you to place bets while a match is ongoing, with odds updating in real time as the game unfolds.
- KYC (Know Your Customer)
- KYC is the process of verifying a bettor’s identity and age, required by law to prevent fraud, underage betting, and money laundering.
- Lay Betting
- Lay betting means you act as the bookmaker, betting against an outcome happening, with the risk of losing more than your stake.
- Moneyline Odds
- Moneyline odds indicate how much you must wager or how much you win on a straight win bet, with positive and negative numbers.
- No-Deposit Bonus
- A no-deposit bonus credits a small amount to your account without requiring a deposit, letting you try betting risk‑free.
- Odds
- Odds represent the probability of an outcome and determine how much money you can win relative to your stake.
- Over/Under
- Over/under bets predict whether the total number of goals, points, or other metrics will be higher or lower than a set line.
- Overround (Juice/Vig)
- The overround is the bookmaker’s built-in margin, expressed as a percentage, ensuring the total implied probabilities exceed 100%.
- Point Spread (Handicap)
- A point spread assigns a handicap to a team to level the playing field, requiring the favored team to win by a certain margin for a bet to cash.
- Pre-Match Betting
- Pre-match betting refers to placing wagers before a match starts, based on odds released by the bookmaker.
- Responsible Gambling Tools
- These tools—such as deposit limits, time‑outs, and self‑exclusion—help you control betting activity and stay within personal limits.
- Rollover Requirement
- A rollover requirement forces you to bet a certain multiple of a bonus before withdrawing any associated winnings.
- Stake
- The stake is the amount of money you wager on a particular bet; it determines both your potential profit and loss.
- Value Bet
- A value bet occurs when you believe the odds offered are higher than the true probability of the outcome, indicating a positive expected value.