What is Flat Betting? Flat Betting Explained.
Flat Betting is a betting strategy where the player decides on a fixed amount to wager and continues to bet that same amount regardless of whether they win or lose. Unlike progressive betting strategies, which involve adjusting the bet size based on previous outcomes, flat betting is consistent and straightforward, making it easier to manage […]
What is Fixed Odds Betting? Fixed Odds Betting Explained.
Fixed Odds Betting refers to a form of wagering where the punter knows the exact odds they will receive when placing a bet. The odds are “fixed” at the time of the bet, meaning they won’t change regardless of any shifts in the market or external factors after the wager is placed. This system is […]
What is Fiat Gateway? Fiat Gateway Explained.
A Fiat Gateway refers to a service, platform, or integration that facilitates the exchange between fiat currencies (like USD, EUR, or JPY) and cryptocurrencies (like Bitcoin or Ethereum). These gateways enable users to buy and sell cryptocurrencies using traditional money. Fiat gateways play a critical role in the broader adoption of digital currencies, as they […]
What is Faucet? Faucet Explained.
A Faucet in the context of cryptocurrencies refers to a website or application that dispenses small amounts of cryptocurrency to its users for free or in exchange for completing simple tasks, like watching ads or answering surveys. The primary purpose of faucets is to introduce new users to the concept of cryptocurrency, letting them experience […]
What is Fairness Check? Fairness Check Explained.
Fairness Check pertains to a system or process used in online gambling to ensure that the outcome of any game is genuinely random and not rigged in any way. This is essential in upholding the integrity of online games, particularly when real money is involved. By employing cryptographic methods, these checks can verify that neither […]
What is Expected Value? Expected Value Explained.
Expected Value (EV) is a fundamental concept in statistics, probability, and gambling. It represents the average amount of money one expects to win (or lose) for each bet if the same bet were to be repeated multiple times. EV is calculated by multiplying each possible outcome by the probability of that outcome occurring and then […]
What is Exchange Betting? Exchange Betting Explained.
Exchange Betting refers to a form of wagering where individuals bet against each other rather than betting against a traditional bookmaker. In this system, an online platform (the “exchange”) facilitates bets between users. One person acts as the bettor (backing a result), and another takes on the role of the bookmaker (laying the result), effectively […]
What is Exacta Bet? Exacta Bet Explained.
Exacta Bet is a form of wagering most commonly associated with horse racing, where the bettor must select the first two finishers in the exact order of their finish. This means the bettor is trying to predict which horse will come in first and which will come in second. If they get the order right, […]
What is Edge Sorting? Edge Sorting Explained.
Edge Sorting is a technique used in card games where a player tries to determine the face value of a card based on unintentional, minute irregularities and asymmetries in the patterns on the back of the cards. These tiny differences may arise from manufacturing imperfections or wear and tear. By recognizing these inconsistencies, players attempt […]
What is Each-Way Betting? Each-Way Betting Explained.
Each-Way Betting refers to a wager made in two parts: one for the selection to win and the other for the selection to place. This type of bet is common in horse racing but can also be used in other sports. Essentially, you’re hedging your bets by placing a wager on a participant not only […]