Knowledge Base
Glossary
Plain-English definitions for the terminology used across Stadium View.
- American Odds
- Odds displayed as a positive or negative number; positive shows profit on a $100 bet, negative shows amount needed to wager to win $100.
- Arbitrage
- Placing bets on all possible outcomes of an event across different sportsbooks to guarantee a profit regardless of the result.
- Asian Handicap
- A handicap system that eliminates the draw option and gives a half‑ or quarter‑goal advantage/disadvantage to each team.
- Bankroll
- The total amount of money set aside for betting, separate from everyday finances.
- Bookmaker
- A company or individual that sets odds, accepts bets, and pays out winnings.
- Cash Out
- The option to settle a bet before the event ends, locking in a profit or limiting a loss based on the current score.
- Cover the Spread
- When a team’s final score beats the point spread, meaning the favorite covers the margin or the underdog keeps it within the spread.
- Decimal Odds
- A way to express odds as a single decimal number; the total return per unit staked is the odds multiplied by the stake.
- Expected Value (EV)
- The average amount you can expect to win or lose per bet if the same situation were repeated many times.
- Fractional Odds
- Odds shown as a fraction, indicating how much profit you will earn relative to your stake (e.g., 5/1 means $5 profit for each $1 wagered).
- Futures
- A bet placed on the outcome of an event that will be decided in the future, such as which team will win the World Cup.
- Hedging
- Betting on the opposite outcome of an earlier bet to reduce potential loss or lock in a profit.
- Juice (Vig)
- The commission or fee that a sportsbook charges for taking a bet, reflected in the odds.
- Kelly Criterion
- A formula that calculates the optimal fraction of your bankroll to bet based on the perceived edge.
- 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.
- Over/Under
- A bet on whether the total number of goals, points, or other stats in a game will be higher or lower than a set number.
- Parlay
- A single bet that links two or more individual wagers and pays out only if every selection wins.
- Point Spread
- A handicap given to the underdog and a virtual advantage given to the favorite to make the teams more evenly matched for betting.
- Square
- A casual or recreational bettor who typically follows public opinion and is often on the opposite side of sharp money.
- Stake
- The amount of money you risk on a single bet.
- Unit
- A standard measurement of bet size, often a fixed percentage of your bankroll, used to manage risk.
- Value Bet
- A wager where the odds offered are higher than the true probability of the outcome, suggesting a positive expected value.