Knowledge Base
Glossary
Plain-English definitions for the terminology used across Goal Moments.
- Age Verification
- The process of confirming a user’s age to ensure they meet the legal minimum age for gambling, often required before account creation.
- AML
- Anti‑Money Laundering – regulations and procedures that betting sites must follow to detect and prevent the laundering of illicit funds through their platforms.
- Arbitrage
- Placing bets on all possible outcomes of an event across different bookmakers to guarantee a profit regardless of the result.
- Asian Handicap
- A spread betting system that eliminates the draw option and offers half‑goal or quarter‑goal lines to reduce ties.
- Bankroll Management
- The practice of setting aside a dedicated budget for betting and allocating each wager a small percentage of that budget to stay in control.
- Cash Out
- A feature that lets you settle a bet before the event ends, locking in a profit or limiting a loss based on the current odds.
- Dutching
- Spreading your stake across multiple selections in the same event so that any win returns the same profit.
- Free Bet
- A promotional token that allows you to place a bet without risking your own money, with any winnings usually returned minus the free bet stake.
- Futures Bet
- A wager placed on an event that will be decided in the future, such as which team will win the World Cup.
- Hedging
- Betting on the opposite outcome of an existing bet to reduce risk or lock in a sure profit as the event progresses.
- In-Play Betting
- Placing bets on a match while it is already in progress, with odds that update in real time as the game unfolds.
- Juice
- The commission charged by the bookmaker, usually built into the odds, represented as the difference between the true probability and the offered odds.
- Kelly Criterion
- A mathematical formula used to determine the optimal size of a bet based on the perceived edge and the odds.
- KYC
- Know Your Customer – the due‑diligence process where the operator checks a bettor’s identity and financial information to prevent fraud and underage gambling.
- Moneyline
- A betting market where you simply pick which team will win the match, with odds expressed as a positive or negative number.
- Odds Boost
- A promotion that increases the payout odds on a selected bet, giving you more potential return for the same stake.
- Parlay
- A single bet that links two or more selections; all must win for the parlay to pay, offering higher odds than single bets.
- Point Spread
- A handicap given to the favored team to level the playing field, requiring them to win by a certain margin for the bet to pay out.
- Prop Bet
- A bet on a specific occurrence within a match, like which player scores first or how many yellow cards are shown.
- Push
- A tie between the bettor and the bookmaker where the original stake is refunded because the result matched the line exactly.
- Same-Game Parlay
- A single‑game parlay that combines multiple prop and match‑outcome bets from one contest into one wager.
- Self-Exclusion
- A tool that lets you voluntarily block yourself from betting on the platform for a set period, helping you control gambling habits.
- Value Bet
- A bet where the odds offered are higher than the true probability of the outcome, suggesting an edge for the bettor.
- Void Bet
- A bet that is canceled and the stake returned, typically because a match was postponed, rescheduled, or the market was deemed invalid.