Knowledge Base
Glossary
Plain-English definitions for the terminology used across World Cup Hub.
- Accumulator
- A bet that combines multiple selections into a single wager, paying out only if all selections win.
- American odds
- Odds expressed as a positive or negative number, indicating how much you win on a $100 bet or the amount needed to win $100.
- Arbitrage
- Exploiting differences in odds across bookmakers to guarantee a profit regardless of the result.
- Bankroll
- The total amount of money set aside for placing bets, used to manage risk and strategy.
- Bet Builder
- A feature allowing you to combine different markets from a single match into one customized bet.
- Boosted odds
- Promotional odds that are increased above the normal market price for a limited time.
- Cash out
- A feature allowing you to settle a bet before the event ends, either locking in a profit or minimizing a loss.
- Decimal odds
- A format that expresses the total return for each unit wagered, including the original stake.
- Deposit bonus
- A match or percentage bonus credited to your account when you make a deposit, often subject to wagering requirements.
- Fractional odds
- A traditional UK odds format showing the profit relative to the stake, displayed as a fraction.
- Free bet
- A promotional token that can be used to place a bet without risking your own money, winnings usually returned without the stake.
- Handicap
- A market that gives one team a theoretical advantage or disadvantage to level the playing field.
- Hedge
- Placing a bet on the opposite outcome to reduce potential loss or secure a profit.
- In-play betting
- Placing bets on events while a match is already in progress, with odds that update as the game unfolds.
- Juice
- The commission that sportsbooks charge on a bet, usually built into the odds; also called the vig.
- Live betting
- Wagering on a game as it happens, with odds changing in real time.
- Odds
- The numerical expression of the likelihood of an outcome, determining how much you can win relative to your stake.
- Parlay
- A type of accumulator bet where two or more selections are linked together and all must win for a payout.
- Payout
- The total amount of money returned to you after a winning bet, including your stake and profit.
- Risk-free bet
- A promotional offer where your first bet is refunded in free bets or cash if it loses.
- Rollover
- The total amount you must wager (often the bonus plus deposit) before a promotion becomes eligible for withdrawal.
- Stake
- The amount of money you wager on a particular bet.
- Value bet
- A wager where the odds offered are higher than the true probability of the outcome, offering positive expected value.
- Vig
- The cut or fee that a bookmaker takes from a bet, reflected in the odds as a margin.
- Wagering requirement
- The number of times you must bet the bonus amount before you can withdraw any winnings derived from it.