Vocabulary that comes up across football, badminton, basketball, MotoGP, and the rest of the BK8 sportsbook. Useful reference for first-time bettors.
- Decimal odds
- The most common odds format on MY sportsbooks. The number represents the total return per unit staked, including the stake. Odds of 1.85 mean a MYR 100 stake returns MYR 185 on a win (MYR 85 profit + MYR 100 stake returned). Implied probability is 1 / decimal odds — at 1.85, the implied probability is ~54%.
- Margin / overround
- The percentage by which the implied probabilities of all possible outcomes sum above 100%. A 1X2 market with 1.95 / 3.40 / 4.00 odds has implied probabilities 51.3% + 29.4% + 25.0% = 105.7%, giving a 5.7% margin (the book's expected gross profit on the market). Lower margin = better player return.
- Mix Parlay / accumulator
- A multi-leg bet where all legs must win for the bet to settle. Odds multiply across legs: 1.85 × 1.95 × 2.10 = ~7.57 effective odds. Excitement is high; long-run expected return is poor — multiplying margins compounds the book's edge across all legs.
- Cash-out
- A live offer from the book to settle an active bet for a fixed amount before the event concludes. The cash-out price is below the bet's current "implied" value (the book takes a margin on every cash-out transaction). Useful for locking in profit on long-shot wins; expensive as a regular practice.
- Voided bet
- A bet refunded at original stake when settlement conditions cannot be met (match postponed beyond 24-48 hours, fixture abandoned in some sports, named player did not start). Voided bets do not count toward welcome-bonus wagering on most operators.
- Settled / pending
- A settled bet has been processed and the result applied to your wallet balance. A pending bet is in the book but not yet resolved. Live bets typically settle within minutes of match end; futures (championship winner, top goalscorer) remain pending until tournament end.
- Outright / futures
- A long-term bet on a tournament outcome — Premier League winner, top goalscorer, World Cup champion. Outrights carry the widest margins on the sportsbook (often 10-15%) because the book has the longest time exposure on the bet.