This glossary defines terms in general language. Operators may use different labels, so the specific market rules always take priority.
Kenyan football context for this OddsSoma learning guide.
Odds and probability
Term
Meaning
Accumulator
One bet containing multiple selections, usually requiring all active legs to win.
Decimal odds
A price format used to calculate gross return by multiplying stake by odds.
Fractional odds
A format such as 5/2 describing profit relative to stake.
Implied probability
A percentage derived from odds; not automatically a true forecast.
Overround
Sum of a market’s raw implied probabilities above 100%.
Stake
The amount entered or risked on a bet.
Markets and settlement
Term
Meaning
1X2
Home win (1), draw (X), away win (2) in a three-outcome market.
BTTS
Both teams to score at least once in the period specified by the market.
Double chance
A selection covering two of the three standard 1X2 outcomes.
Over/under
A market comparing a result total with a stated line.
Void
A selection or bet removed or returned under the applicable rules.
Cash out
An offer to settle an open bet before the original event outcome is final.
Money and returns
Term
Meaning
Gross return
Total returned amount including stake, under a simple winning calculation.
Net result
Gross return minus stake in the simple example.
Rollover / wagering requirement
Turnover condition described in a bonus offer’s rules.
KES
Kenyan shilling, the currency used in examples on this site.
How to use this glossary
Use the definitions to understand general language, then open the related guide for examples. A term on a slip can have a narrower meaning in one operator’s rules. If wording conflicts, ask the operator for the rule that applies to the exact event and market.
No glossary entry predicts a result or makes a bet more likely to win. All KES amounts in OddsSoma examples are hypothetical.
