Knowledge Base
Glossary
Plain-English definitions for the terminology used across နည်းပြရှုထောင့်.
- Accumulator
- An accumulator is a single bet that combines multiple selections; all must win for the bet to pay out.
- Arbitrage
- Arbitrage (or surebet) is a strategy of betting on all possible outcomes of an event across different bookmakers to guarantee a profit.
- Asian Handicap
- Asian Handicap is a betting line that eliminates the draw outcome by giving one team a fractional or whole goal advantage or disadvantage.
- Bankroll
- Your bankroll is the total amount of money you have set aside for betting.
- Bankroll Management
- Bankroll management means setting a budget for betting and sticking to it to avoid losing more than you can afford.
- Betting Exchange
- A betting exchange is a platform where bettors can back and lay outcomes against each other, rather than betting against the bookmaker.
- Bonus Terms
- Bonus terms are the rules and conditions attached to a promotional offer, including wagering requirements and eligible games.
- Bookmaker
- A bookmaker is a company or person that sets odds and accepts bets on sporting events and other outcomes.
- Cash Out
- Cash Out lets you settle a bet before the event ends, locking in a profit or limiting a loss based on the current score.
- Cashback
- Cashback is a refund of a portion of your losses, usually credited as a bonus that you can use to bet again.
- House Edge
- House edge is the built‑in advantage that the bookmaker or casino has in any bet, expressed as a percentage.
- In-Play Betting
- In‑Play Betting allows you to place bets on a match after it has started, with odds that update as the game unfolds.
- Kelly Criterion
- Kelly Criterion is a formula used to determine the optimal size of a bet to maximize long‑term growth of your bankroll.
- KYC
- KYC stands for Know Your Customer, a process where the bookmaker verifies your identity to prevent fraud and under‑age gambling.
- Lay Betting
- Lay betting is the act of betting that an outcome will not happen, essentially acting as the bookmaker on a betting exchange.
- Odds Comparison
- Odds Comparison is the process of checking the odds offered by different bookmakers to find the best value for a bet.
- Over/Under
- Over/Under is a bet on whether the total score in a match will be higher or lower than a number set by the bookmaker.
- Provably Fair
- Provably Fair is a system that lets players verify the fairness of each bet using cryptographic proofs.
- RTP
- RTP stands for Return to Player and indicates the percentage of total bets a game returns to players over time.
- Self-Exclusion
- Self‑exclusion is a tool that lets you temporarily or permanently block yourself from betting on the platform to help control gambling.
- Stake
- The stake is the amount of money you risk on a single bet.
- Underage Gambling
- Underage gambling refers to anyone placing bets before reaching the legal age, which is prohibited and can lead to account closure.
- Value Bet
- A value bet occurs when you believe the true chance of an outcome is higher than the odds imply, giving you an expected edge.
- Volatility
- Volatility describes how often and how much a game can pay out; high volatility means larger but less frequent wins.
- Wagering Requirement
- A wagering requirement is the number of times you must bet a bonus amount before you can withdraw any winnings.