A wager that gives the bettor back his or her original investment.
Also known as liability. Refers to the maximum amount a sportsbook can lose on a single match.
A type of measurement to gauge expected wins or losses over time.
Also known as a prop bet. Refers to any wager other than a straight bet or parlay.
A type of bet in horse racing where you pick both the first and second place horses.
Also known as decimal odds. European odds display odds in either decimal or fraction form.
A perceived advantage a bettor may have over a sportsbook.
A special feature on select online sportsbooks where you can take out a certain amount of money before the match is finished.