Odds
Odds represent the probability of a specific outcome in a sporting event and are used to calculate the potential return. Lower odds indicate a higher probability according to the bookmaker, while higher odds suggest a lower probability. The final payout is calculated based on the stake and the selected odds.
Bet
A bet is the amount of money a user places on a selected outcome of a sporting event. The stake is chosen by the user and affects the potential result, but it does not guarantee a win.
Single Bet
A single bet is a wager placed on one specific outcome. The settlement of this type of bet depends solely on the result of the selected event.
Accumulator (Parlay)
An accumulator combines multiple selections into one bet. All selected outcomes must be successful for the bet to win. The total odds of an accumulator are calculated by multiplying the odds of each selection, which increases potential returns but also raises the level of risk.
System Bet
A system bet consists of multiple combinations of accumulators. This type of bet allows for partial returns even if not all selections are successful, helping to distribute risk.
Pre-match and Live Betting
Pre-match betting includes events available for betting before the start of a match. Live betting allows users to place bets while the event is in progress, with odds changing in real time.
Handicap
A handicap is a virtual advantage or disadvantage applied to a team or participant. It is used to balance the odds and create additional betting options.
Total
A total bet involves predicting the combined number of specific outcomes in an event, such as goals, points, or games. Users choose whether the final result will be over or under a predefined value.
Margin
Margin refers to the bookmaker’s built-in percentage included in the odds. It affects the final odds offered and is a standard part of odds formation.
Bet Settlement
Bet settlement is the process of determining the outcome of a wager after the event has concluded. A bet may be settled as a win, loss, refund, or partial settlement, depending on the result and applicable rules.