Knowledge Base
Glossary
Plain-English definitions for the terminology used across Btimatch.
- American Odds
- American Odds use a plus or minus number to indicate how much you win on a 100-unit bet.
- Arbitrage
- Arbitrage (or 'surebet') is a strategy that exploits differing odds across different platforms to guarantee a profit.
- Asian Handicap
- Asian Handicap gives a team a virtual advantage or disadvantage to balance the match and remove the draw option.
- Bankroll
- Bankroll is the total amount of money you have set aside for betting.
- Bet Slip
- Bet Slip is the online form where you record your chosen bets and the amounts you wish to wager.
- Bonus Wagering
- Bonus Wagering is the total amount you must bet before you can withdraw a bonus.
- Cash Out
- Cash Out allows you to settle a bet before the event ends, locking in a profit or loss.
- Decimal Odds
- Decimal Odds express the total return per unit wagered, including the stake.
- Fractional Odds
- Fractional Odds show the profit relative to the stake, written as a fraction.
- Hedging
- Hedging is placing a second bet on the opposite outcome to reduce risk or secure a profit.
- Juice
- Juice is the commission the site charges for taking a bet, built into the odds.
- Kelly Criterion
- Kelly Criterion is a formula used to determine the optimal size of a bet based on your advantage.
- KYC
- KYC stands for Know Your Customer, a process where the site verifies your identity.
- Live Betting
- Live Betting lets you place bets on a match while it is actually happening.
- Margin
- Margin is the extra amount the site keeps from each bet, making the odds slightly lower.
- Moneyline
- Moneyline is a straightforward bet on which team will win the match, with odds reflecting each team's chance.
- Odds
- Odds show how likely an outcome is and how much money you can win if your bet is correct.
- 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 site.
- Parlay
- Parlay combines multiple selections into one bet, and you win only if every selection wins.
- Payout
- Payout is the total money you receive when a bet wins, including your original stake.
- Point Spread
- Point Spread assigns a margin of points that the favored team must win by for the bet to pay out.
- Responsible Gambling
- Responsible Gambling refers to practices and tools that help you stay in control of your betting activities.
- Self-Exclusion
- Self-Exclusion lets you temporarily block yourself from betting on the site to control gambling.
- Stake
- Stake is the amount of money you put on a bet.
- Value Bet
- Value Bet occurs when the odds offered are higher than the true probability of the outcome.