Glossary of Terms
Understanding the terminology is a key part of becoming a successful and informed bettor. Here is a glossary of terms you will encounter on our site and in the wider sports betting world.
- Value Bet
- A bet where the odds offered by a bookmaker are believed to be higher than the true probability of the event occurring. Our AI is designed to identify these discrepancies.
- Expected Goals (xG)
- A key metric that measures the quality of a scoring chance. It assigns a value between 0 and 1 to each shot, representing the likelihood that it will result in a goal. A shot with an xG of 0.5 is expected to be a goal 50% of the time.
- Decimal Odds
- A common format for expressing odds in which the number represents the total return for a $1 stake. For example, odds of 2.50 mean you would receive $2.50 back for every $1 wagered, which includes your initial stake.
- Asian Handicap
- A form of betting that eliminates the possibility of a draw in a match by giving one team a virtual advantage or disadvantage. For example, a -1.5 Asian Handicap means the selected team must win by two or more goals for the bet to be successful.
- Over/Under (Totals)
- A bet on whether the total number of goals, points, or corners in a match will be over or under a specific line set by the bookmaker. For example, an "Over 2.5 Goals" bet is won if there are three or more goals in the match.
- Yield
- A measure of profitability, calculated as the total profit divided by the total amount staked, expressed as a percentage. It is a key metric for evaluating the long-term performance of a betting strategy.
- Bookmaker
- An organization or individual that accepts and pays out bets at agreed-upon odds. They set the odds in a way that gives them a slight advantage or margin.