Knowledge Base
Glossary
Plain-English definitions for the terminology used across Arena Plus.
- Asian Handicap
- A spread bet that eliminates the draw option and gives a half‑goal advantage to the underdog.
- Bankroll
- The total amount of money you have set aside for betting.
- Bet Slip
- A digital record that lists your selected bets, odds, and potential payout before you confirm.
- Cash Out
- A feature that lets you settle a bet before the event ends, locking in a profit or loss.
- Cashback
- A promotional offer that returns a portion of your losses over a set period.
- House Edge
- The mathematical advantage the platform holds in any game, expressed as a percentage of each bet.
- Juice
- The commission the platform charges on a bet, often built into the odds and called the vig.
- KYC
- The process of verifying a player’s identity to prevent fraud and comply with regulations.
- Live Betting
- Placing bets on events while they are already in progress, with odds that update in real time.
- Minimum Deposit
- The smallest amount required to fund your account using a specific payment method.
- Moneyline
- A bet that picks the outright winner of a match, with odds reflecting each team’s chance.
- Odds
- The probability of an outcome expressed as a ratio that determines how much you can win.
- Over/Under
- A bet on whether a specific statistic will be higher (over) or lower (under) than a set line.
- Parlay
- A single bet that links multiple selections; all must win for the bet to pay out.
- Provably Fair
- A system using cryptographic algorithms that lets players verify each game result is random.
- RTP
- The percentage of total bets a game returns to players over time, expressed as a long‑term average.
- Self-Exclusion
- A player‑initiated tool that temporarily or permanently blocks access to the account.
- Spread
- A points adjustment used to level the playing field between two unevenly matched teams.
- Stake
- The amount of money you risk on a single bet.
- Steam Move
- A rapid shift in odds caused by heavy betting action on one side of an event.
- Value Bet
- A bet where the odds offered are higher than the true probability of the outcome, giving an edge.
- Volatility
- A measure of how often and how large payouts occur in a slot or casino game.
- Wagering Requirement
- The number of times you must bet a bonus amount before you can withdraw any winnings.
- Withdrawal Limit
- The maximum amount you can take out of your account within a given time frame.