Knowledge Base
Glossary
Plain-English definitions for the terminology used across Stadium View.
- Arbitrage
- Placing bets on all possible outcomes of an event across different sportsbooks to guarantee a profit regardless of result.
- Asian Handicap
- A handicap given to teams to level the playing field, eliminating the draw option and offering adjusted odds.
- Bankroll
- The total amount of money you have set aside for betting.
- Bet Slip
- A digital record that lists the selections you have made, the odds, and the stake for a potential bet.
- Bonus
- Extra funds or free bets offered by a sportsbook, often subject to conditions.
- Cash Out
- A feature that lets you settle a bet before the event ends, locking in a profit or limiting a loss.
- Cashback
- A bonus that returns a portion of your lost bets, usually expressed as a percentage of the wagered amount.
- Edge
- The advantage a bettor believes they have over the sportsbook’s odds, often calculated as expected value.
- Free Bet
- A no‑risk bet credited to your account that you can use to place a wager, with any winnings usually returned without the stake.
- Handicap
- An advantage or disadvantage applied to a team to make odds more balanced.
- In-Play Betting
- Betting on events while they are happening, allowing odds to change as the game progresses.
- KYC
- Know Your Customer; the process of verifying a player's identity to prevent fraud and ensure legal compliance.
- Market
- A category of betting options for a specific sport or event, such as match result, goals, or player props.
- Odds
- Numbers that reflect the likelihood of an outcome and determine how much you can win if your bet is correct.
- Over/Under
- A bet on whether a specific statistic, such as total goals, 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.
- Provably Fair
- A system that lets players verify each bet’s outcome was generated fairly, using cryptographic proof.
- Responsible Gambling
- Practices and tools that help players stay in control of their betting and avoid harmful behavior.
- RTP
- RTP stands for Return to Player, indicating the percentage of total bets a game pays back to players over time.
- Self-Exclusion
- A voluntary option that allows a player to block themselves from betting on a site for a set period.
- Stake
- The amount of money you put on a bet.
- Value Bet
- A bet where the odds offered are higher than the true probability of the outcome, giving potential profit over time.
- Void Bet
- A bet that is cancelled and the stake is returned, usually because the event was abandoned or the market was ruled invalid.
- Volatility
- Volatility describes how often and how much a game can pay out; high volatility means bigger but rarer wins.
- Wagering Requirement
- A condition that tells how many times you must bet a bonus before you can withdraw any winnings from it.