Knowledge Base
Glossary
Plain-English definitions for the terminology used across World Cup Hub.
- Arbitrage
- Exploiting differences in odds across different bookmakers to guarantee a profit regardless of the result.
- Asian Handicap
- A handicap system that eliminates the possibility of a draw by giving one team a fractional advantage.
- Bankroll
- The total amount of money set aside for placing bets.
- Betting Exchange
- A platform where bettors can back or lay outcomes directly against each other, rather than against a bookmaker.
- Bonus Wagering Requirement
- The number of times a bonus must be wagered before it can be withdrawn as real money.
- Bookmaker Margin
- The built‑in profit margin a bookmaker incorporates into the odds, ensuring the book stays profitable.
- Cash Out
- An option to settle a bet early, either locking in a profit or minimizing a loss before the event ends.
- Futures Bet
- A wager on an outcome that will be decided later, like which team wins the tournament.
- Hedge
- Placing a second bet on the opposite outcome to reduce potential loss or secure a profit.
- Implied Probability
- The chance of an outcome suggested by the odds, expressed as a percentage.
- Juice
- The commission or fee that a bookmaker charges for taking a bet, also called vigorish.
- Lay Bet
- A bet that an outcome will not happen, essentially acting as the bookmaker on a betting exchange.
- Live Betting
- Placing bets on a match while it is in progress, with odds that update as the game unfolds.
- Moneyline
- A bet on which team will win the match outright, with odds expressed as a positive or negative number.
- Odds Format
- The way odds are displayed, such as decimal, fractional, or moneyline formats.
- Over/Under
- A wager on whether the total number of goals or points scored 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.
- Point Spread
- A handicap added to a team's final score to create a balanced betting scenario for both sides.
- Prop Bet
- A bet placed on a specific event within a match, such as which player scores first.
- Responsible Gambling
- Practices and tools designed to help bettors stay in control and avoid problem gambling.
- ROI
- The return on investment from betting, calculated as the net profit divided by the total amount wagered.
- Spread Betting
- A bet on the margin of victory or total points, where the payout depends on how accurate the prediction is.
- Staking Plan
- A strategy that determines how much of your bankroll to wager on each bet.
- Value Bet
- A bet where the odds offered are higher than the true probability of the outcome, indicating a potential advantage.