Knowledge Base
Glossary
Plain-English definitions for the terminology used across Goal Moments.
- Accumulator
- A bet that combines several selections into one wager, with winnings rolling over from each winning selection.
- Bankroll
- The total amount of money a bettor sets aside for wagering, separate from everyday finances.
- Bet Slip
- The electronic record on a betting site that lists all selected bets and the potential payout before confirmation.
- Cash Out
- The option to settle a bet before the event concludes, locking in a profit or limiting a loss based on current odds.
- Deposit Bonus
- Extra funds added to a player's account based on a percentage of their deposit, often subject to wagering conditions.
- Free Bet
- A promotional credit given by a bookmaker that can be used to place a bet, with any winnings usually withdrawable.
- Handicap
- A scoring advantage or disadvantage applied to a team to create balanced betting odds.
- House Edge
- The built-in advantage a casino or bookmaker has in a game, expressed as a percentage of each bet.
- In-play Betting
- Placing bets on events while a match is already in progress, with odds updating as the game unfolds.
- KYC
- Know Your Customer, the process of verifying a player's identity and age to comply with legal and regulatory standards.
- Moneyline
- A bet on which team will win a match, expressed as either a positive or negative number indicating the payout.
- Odds
- The numerical expression of the likelihood of an outcome, determining how much a winning bet pays out.
- Over/Under
- A bet on whether the total number of goals (or points) in a match will be higher or lower than a line set by the bookmaker.
- Parlay
- A single bet that links multiple selections; all must win for the bet to pay out, offering higher odds than separate bets.
- Props
- Bets on specific events within a match, such as which player scores first or the number of yellow cards, unrelated to the final result.
- Provably Fair
- A system using cryptographic algorithms that allows players to verify the fairness of each bet's outcome.
- Risk-Free Bet
- A promotion that refunds the stake if the bet loses, typically as a free bet up to a set amount.
- RTP
- Return to Player, the theoretical percentage of total wagers a game returns to players over time.
- Self-Exclusion
- A voluntary program allowing a player to restrict their own access to betting services for a defined period.
- Spread
- A point handicap set by the bookmaker to equalize the teams, requiring the favorite to win by a certain margin or the underdog to lose by less.
- Stake
- The amount of money placed on a bet, which can be won or lost.
- Vig
- The commission charged by a bookmaker on a bet, usually built into the odds, represented as a percentage.
- Wagering Requirement
- The number of times bonus funds must be bet before they can be withdrawn as real money.