Glossary

The probability set by a sportsbook for a competitor’s victory, adjusted to ensure a profit margin.

A person or system responsible for setting the betting odds for sports events. 

A game temporarily unavailable for betting at a bookmaker.

A digital platform replicating a traditional casino, accessible either through a web browser (no software download required) or via downloadable software for gameplay.

Internet-based entities, also called bookmakers or bookies, that accept wagers on sports, eSports, and non-sporting events from individual bettors.

In poker, a hand needing one of two possible cards to complete a straight (e.g., holding 6-7-8-9 needs a 5 or 10).

The initial betting line released overnight, available only to a select group of bettors. 

A wager on the overall winner of a league or tournament, such as betting on the World Cup champion, rather than a single game.

A wager on whether a specific game statistic, like total points, will exceed or fall below a predetermined number.

Betting odds that are more favorable to the player than their true probability suggests.

The bookmaker’s built-in profit margin within the odds, guaranteeing earnings regardless of the event’s result.