Knowledge Base
Glossary
Plain-English definitions for the terminology used across Stadium View.
- American Odds
- Odds expressed as a positive or negative number; negative numbers show how much you must bet to win $100, positive numbers show profit on a $100 bet.
- Bankroll
- The total amount of money a bettor sets aside for betting, separate from everyday finances.
- Bookmaker
- The entity that sets the odds and accepts wagers, often used interchangeably with sportsbook.
- Closing Line
- The final set of odds offered just before a match begins; beating the closing line is a common measure of a bettor’s skill.
- Decimal Odds
- A way to express betting odds as a single number that includes the stake; multiply your bet by this number to calculate total return.
- Edge
- The statistical advantage a bettor believes they have over the sportsbook’s odds, often expressed as a percentage.
- Fractional Odds
- Odds shown as a fraction; the numerator indicates how much profit you make per unit of the denominator wagered.
- Futures Bet
- A bet placed on an outcome that will be decided later in the tournament, like which team wins the World Cup.
- Handicapping
- The process of analyzing teams, players, and statistics to predict outcomes and find value bets.
- Juice (or Vig)
- The commission a sportsbook charges for taking a bet, built into the odds so the book makes a profit regardless of outcome.
- Line Movement
- The change in odds or point spread from when they first open to when the game starts, influenced by betting action.
- Moneyline
- A bet on which team will win the match outright, with odds shown as a positive or negative number.
- Over/Under
- A bet on whether the total number of goals/scores in a match will be higher or lower than a set line.
- Parlay
- A single bet that links two or more individual wagers, all of which must win for the parlay to pay out.
- Point Spread
- A handicap given to the favorite team to level the betting field, expressed as a number of goals or points.
- Prop Bet
- A wager on a specific event within a match that does not affect the final result, such as which player scores first.
- Public Money
- The amount of bets placed by the majority of casual bettors, often used to identify where the line may shift.
- Sportsbook
- A company or platform that accepts bets on sporting events and sets the odds.
- Square
- A casual bettor, often following public opinion, whose bets can move lines but are not considered authoritative.
- Steam
- A rapid, widespread shift in odds caused by heavy betting activity on one side, often indicating sharp money.
- Total Goals
- The combined number of goals scored by both teams in a match; the line used for Over/Under bets.
- Unit
- A standardized bet size, often a small percentage of the bankroll, used to measure performance and manage risk.
- Value Bet
- A wager where the odds offered by the sportsbook are higher than the true probability of the event, giving the bettor an edge.