Knowledge Base
Glossary
Plain-English definitions for the terminology used across Stadium View.
- Accumulator
- An accumulator is a bet that combines multiple selections into one wager, requiring all of them to win for a payout.
- Bankroll Management
- Bankroll management is the practice of deciding how much money to risk on bets to avoid losing everything.
- Bet Builder
- Bet Builder is a feature that lets you create a custom wager by combining different markets from the same event.
- Bet Limit
- A bet limit is the maximum amount a sportsbook will allow you to wager on a particular event.
- Cash Out
- Cash Out allows you to settle a bet before the event ends, locking in a profit or limiting a loss based on current odds.
- Edge
- Edge is the advantage a bettor has over the sportsbook, often calculated as the difference between the true odds and the offered odds.
- Handicap
- A handicap gives one team a virtual advantage or disadvantage to level the playing field, affecting the odds.
- House Edge
- The house edge is the built-in profit margin for the sportsbook, expressed as a percentage of each bet.
- In-Play Betting
- In-Play Betting is placing a wager on a game while it is already in progress, with odds that change as the action unfolds.
- Juice
- Juice is the commission or fee that a sportsbook charges for taking your bet, usually built into the odds.
- Kelly Criterion
- The Kelly Criterion is a formula used to determine the optimal size of a bet based on the perceived edge and odds.
- Market Closure
- Market closure is the point when a sportsbook stops accepting bets on an event, usually just before it starts.
- Moneyline
- A moneyline bet is a straight wager on which team will win the game, with odds showing how much you can win.
- Odds Comparison
- Odds Comparison is the process of checking the odds offered by different sportsbooks to find the best possible payout for a bet.
- Over/Under
- An over/under bet is a wager on whether the total number of points, goals, or other stats in a game will be more or less than a set number.
- Parlay
- A parlay is a single bet that links together two or more individual wagers, and all must win for you to get a payout.
- Provably Fair
- Provably fair is a system that uses cryptographic algorithms to prove that a bet's outcome was not manipulated.
- Public Money
- Public money refers to the bulk of bets placed by casual bettors, which can push odds away from the true probability.
- Reverse Line Movement
- Reverse line movement occurs when the odds move opposite to the majority of bets, often signaling sharp money.
- Spread Betting
- Spread betting is a bet that pays a variable amount based on how correct your prediction is, rather than a simple win or lose.
- Steam Move
- A steam move describes a rapid shift in odds caused by a large volume of bets placed in a short time.
- Unit
- A unit is a standard amount of money used to measure the size of a bet, typically a small percentage of your total bankroll.
- Value Bet
- A value bet is a wager where the odds offered are higher than the actual probability of the outcome, giving you a potential long-term edge.