Plain-language definitions for the terms used across odds compiling, risk management, and live data feeds. Whether you're integrating an API or reading a trading dashboard, this glossary breaks down the jargon into clear, practical definitions.
Odds compiling and sports trading have their own vocabulary — terms that mean one thing on a trading desk and something else entirely in casual conversation. This glossary exists so anyone working with our feeds, from developers to risk analysts, can speak the same language.
Developers integrating our API, risk teams setting limits, and content teams writing about markets all rely on the same shared vocabulary. This glossary is the reference we point our own new hires to as well.
Search by keyword or filter by category to find the definition you need.
A way of presenting odds as a single number (e.g. 2.50) representing total return per unit staked, including the original stake.
Odds shown as positive or negative numbers indicating profit on a 100-unit stake or stake needed to profit 100 units.
The likelihood of an outcome as derived mathematically from a given set of odds, expressed as a percentage.
A points or goals adjustment applied to a stronger side to balance a market between two competitors.
The built-in margin added across a market's prices so the implied probabilities sum to more than 100%.
A temporary pause on a betting market, usually triggered by a key event, to prevent stale prices being accepted.
The change in a price or handicap over time, usually driven by new information or shifts in betting volume.
The final price available on a market immediately before an event starts, often used as a benchmark for pricing accuracy.
The total potential payout a trading desk could owe on a market if a particular outcome occurs.
Placing offsetting positions to reduce exposure to a market outcome, often used by traders managing liability.
The maximum amount accepted on a given market or selection, set by a risk team to control exposure.
Exploiting price differences between markets or providers to lock in a profit regardless of the outcome.
The time delay between an event occurring and that event's data reaching a client through a feed or API.
A delivery method where updates are sent automatically to a client's endpoint as soon as they occur, rather than being requested.
The maximum number of API requests a client can make within a given time window before requests are throttled.
The process of confirming a final result and resolving all related markets based on verified outcome data.
Explore our live odds and trading data feeds and see how every term in this glossary maps directly to real fields in our API.
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