Glossary

Betting & analytics glossary

33 terms explained clearly — with real examples and how each concept applies to in-play signal betting.

Fundamentals 7 Markets & Bet Types 9 Analytics & Metrics 8 Strategy & Management 6 Tipster Infrastructure 3

Fundamentals

Core concepts every bettor and tipster should understand.

In-Play Betting (Live Betting)

Placing bets on a match that is already underway.

Odds

A numerical representation of the likelihood of an outcome and the potential payout.

Vig / Juice (Margin)

The bookmaker's built-in profit margin on every market they offer.

Sharp Bookmaker

A bookmaker known for having the most accurate odds and accepting high-volume professional bettors.

Soft Bookmaker

A bookmaker with slower odds adjustments and wider margins, often targeted by value bettors.

Live Betting

Another term for in-play betting — placing wagers during an ongoing event.

Edge

The statistical advantage a bettor has over the bookmaker on a specific bet or system.

Markets & Bet Types

The different types of bets and markets available.

Over/Under (Totals)

A bet on whether the total goals in a match will be over or under a set number.

Goal Line

An Asian-style totals market that can include quarter and half-goal lines for reduced risk.

BTTS (Both Teams to Score)

A bet on whether both teams will score at least one goal each in a match.

Asian Handicap

A handicap market that eliminates the draw by giving virtual goal advantages or disadvantages.

Accumulator (Parlay)

A single bet that combines multiple selections — all must win for the bet to pay out.

Handicap Betting

A market where one team is given a virtual advantage or disadvantage to level the playing field.

Draw No Bet (DNB)

A market where your stake is refunded if the match ends in a draw.

Correct Score

A bet predicting the exact final score of a match.

Double Chance

A market covering two of the three possible match outcomes (home/draw/away).

Analytics & Metrics

Key numbers and measurements for evaluating performance.

Expected Value (EV)

The average profit or loss you can expect per bet over time.

Hit Rate

The percentage of bets that win out of total bets placed.

ROI (Return on Investment)

The percentage profit or loss relative to total amount wagered.

Implied Probability

The probability of an outcome as suggested by the betting odds.

Closing Line Value (CLV)

Whether you consistently beat the final odds before a market closes.

Positive EV (+EV)

A bet where the expected profit is greater than zero — a mathematically favorable wager.

Negative EV (-EV)

A bet where the expected profit is less than zero — a mathematically unfavorable wager.

Variance

The natural statistical fluctuation in results that causes short-term deviation from expected outcomes.

Strategy & Management

Approaches to staking, bankroll, and long-term profitability.

Value Betting

Placing bets where the true probability of winning is higher than the odds suggest.

Flat Stakes (Level Staking)

Betting the same fixed amount on every selection regardless of confidence.

Bankroll Management

A disciplined approach to allocating and protecting your betting capital.

Kelly Criterion

A mathematical formula for calculating optimal bet size based on your edge.

Staking Plan

A systematic strategy for determining how much to bet on each selection.

Matched Betting

A risk-free technique that exploits bookmaker free bet promotions using opposing bets.

Tipster Infrastructure

The tools and systems that power the modern tipster ecosystem.

Tipster

A person or service that provides betting predictions and advice to others.

Signal Feed

A real-time stream of betting alerts generated by a model or algorithm.

Telegram Bot

An automated program on Telegram that can send messages, respond to commands, and integrate with external services.

Stop studying. Start profiting.

Our algorithm applies every concept in this glossary — expected value, closing line value, variance management — and delivers the result as a simple Telegram signal.

Start Free Trial →