Exchange Terms
- ✓Back — betting that something will happen. Risk is limited to your stake.
- ✓Lay — betting that something will not happen. You take the bookmaker's side.
- ✓Liability — what a lay bet risks: stake × (odds − 1). Laying ₹1,000 at 5.00 risks ₹4,000.
- ✓Matched / unmatched — whether someone has taken the other side of your bet yet.
- ✓Liquidity — how much money is available at a price. Thin liquidity means you cannot get a real stake on.
- ✓Commission — the small percentage an exchange takes from net winnings instead of building a margin into prices.
- ✓Trading out — closing a position before the event ends to lock in a profit or cap a loss.
- ✓Green up — trading out so you profit whatever the final result.
Odds And Value
The vocabulary of pricing — covered in depth in our odds guide:
- ✓Decimal odds — total return per unit staked, including the stake. 2.50 returns ₹2,500 on ₹1,000.
- ✓Implied probability — 100 ÷ decimal odds. A price of 4.00 implies a 25% chance.
- ✓Overround / vig / juice — the operator's built-in margin, the amount by which a market's implied probabilities exceed 100%.
- ✓Value bet — one where your probability estimate beats the price's implied probability.
- ✓Odds-on — a price below 2.00, where you risk more than you stand to win.
- ✓Steam / drift — a price shortening sharply on money, or lengthening as support disappears.
- ✓Closing line — the final price before an event starts; consistently beating it is the best evidence of a real edge.
Cricket Terms
- ✓Fancy — side markets beyond the match result: session runs, batsman runs, boundary counts.
- ✓Session — a line on runs scored within a bracket of overs, priced ball by ball.
- ✓Bracket — the specific over range a session market covers, e.g. overs 1–6.
- ✓Lambi / lambi paari — a market on a full-innings total.
- ✓Khaai / lagaai — colloquial terms for laying and backing a fancy line.
- ✓Fall of next wicket — a line on the team score when the next wicket falls.
- ✓Par score — the total considered competitive at a given venue and conditions.
- ✓Outright — a tournament-long market such as title winner or Orange Cap.
Casino Terms
- ✓House edge — the operator's long-run mathematical advantage on a given bet.
- ✓RTP — return to player, the theoretical percentage returned over a very large number of rounds.
- ✓RNG — random number generator, the certified system producing outcomes in non-live games.
- ✓Provably fair — a system letting you verify a result was generated before the round began, as with crash games.
- ✓Side bet — an optional extra wager, almost always carrying a higher house edge than the main bet.
- ✓Auto-cashout — a preset multiplier at which a crash-game bet closes automatically.
- ✓Shoe — the set of decks in play at a card table.
Account And Money Terms
- ✓Rollover / wagering requirement — total stakes needed before bonus balance becomes withdrawable. See the bonus terms.
- ✓UTR — the transaction reference number for a UPI or IMPS payment; what support needs to trace a deposit.
- ✓KYC — identity verification, sometimes requested for unusually large withdrawals.
- ✓Cash out — an operator-offered early settlement, typically at a worse price than trading out manually.
- ✓Void / push — a bet cancelled with stakes returned, usually because an event did not take place as priced.
- ✓Tilt — betting from frustration rather than judgement. The most expensive state to bet in.
- ✓Chasing — raising stakes to recover losses. The most common route from a bad night to a bad month.
Where To Go Next
If a term here was new, the underlying idea is usually worth a full read: back and lay for exchange mechanics, odds explained for pricing, fancy markets for cricket, and bankroll management for staking. Beginners should start with cricket betting basics.
Frequently Asked Questions
What does 'fancy' mean in cricket betting?+
Fancy markets are side markets beyond the match result — session runs, batsman runs, partnerships and boundary counts, priced live during the game.
What is liability in exchange betting?+
The amount a lay bet risks, calculated as stake × (odds − 1). Laying ₹1,000 at 5.00 risks ₹4,000 to win ₹1,000.
What does rollover mean on a bonus?+
The total amount you must stake before bonus balance converts to withdrawable balance. The multiple should be published in writing when the bonus is credited.
What is the difference between cash out and trading out?+
Cash out is an operator-offered early settlement with a margin built in. Trading out means doing it yourself on the exchange, usually at a better price.