A

Accumulator: A bet that combines multiple selections into a single wager, where all selections must be correct for the bet to win.

Address (Crypto): A unique string of letters and numbers used to send or receive cryptocurrency.

Airdrop: A distribution of free cryptocurrency tokens to numerous wallet addresses, often used as a marketing tactic.

Altcoin: Any cryptocurrency other than Bitcoin.

American Odds: A way of expressing betting odds using positive or negative numbers, common in the United States.

Anti-Money Laundering (AML): Regulations designed to prevent the conversion of illegally obtained funds into legitimate assets.

Arbitrage Betting: A strategy involving placing bets on all possible outcomes of an event across different bookmakers to guarantee a profit.

Asian Handicap: A form of betting where a handicap is applied to the favored team, eliminating the possibility of a draw.

ATH (All-Time High): The highest price ever reached by a cryptocurrency.

B

Bankroll: The total amount of money a bettor has set aside for betting purposes.

Bear Market: A market characterized by falling prices and negative sentiment.

Bitcoin (BTC): The first and most well-known cryptocurrency, created by an anonymous person or group under the pseudonym Satoshi Nakamoto.

Block: A collection of transaction data in a cryptocurrency network.

Blockchain: A decentralized, distributed ledger technology that records all transactions across a network of computers.

Blockchain Explorer: A tool that allows users to view all transactions on a blockchain.

Bonus: An incentive offered by betting platforms to attract new users or retain existing ones.

Book: Short for bookmaker, the person or organization that accepts and pays off bets.

Bull Market: A market characterized by rising prices and positive sentiment.

C

Cash Out: A feature that allows bettors to settle their bet before the event has finished, either to secure a profit or minimize a loss.

Cold Storage: Keeping cryptocurrency offline to reduce the risk of hacking or theft.

Confirmations: The number of blocks added to the blockchain after a transaction, increasing certainty that the transaction is valid.

Crypto Casino: An online casino that accepts cryptocurrencies for deposits, withdrawals, and wagering.

Cryptocurrency: A digital or virtual currency that uses cryptography for security, operates independently of a central bank, and can be used for online betting.

Crypto Wallet: A digital wallet used to store, send, and receive cryptocurrencies.

D

Decentralized Application (DApp): An application that runs on a decentralized network, typically a blockchain.

Decentralized Betting Platform (DeBet): A peer-to-peer betting platform built on blockchain technology, eliminating the need for traditional bookmakers.

Decimal Odds: A way of expressing betting odds as a single positive number, common in Europe and Australia.

Deposit: The process of adding funds to a betting account.

Derivative: A financial contract whose value is derived from the performance of an underlying asset, index, or entity.

Double Chance: A bet type where you can cover two of the three possible outcomes in a match.

E

Each Way Bet: A bet consisting of two parts: a win bet and a place bet, common in horse racing.

Ethereum: The second-largest cryptocurrency by market capitalization, known for its smart contract functionality.

Exchange Betting: A form of betting where users can both back (bet for) and lay (bet against) outcomes.

Exotic Bet: A complex bet type that involves multiple selections or specific conditions.

F

Faucet: A website or application that gives away small amounts of cryptocurrency for free.

Fiat Currency: Government-issued currency that is not backed by a physical commodity.

Fixed Odds: Betting odds that remain constant from the time the bet is placed until the event concludes.

Fold: In an accumulator bet, each selection is referred to as a “fold” (e.g., five-fold accumulator).

Fork: A change to a blockchain’s protocol that can result in two separate chains.

Fractional Odds: A way of expressing betting odds as a fraction, common in the UK and Ireland.

Futures Bet: A long-term bet on an event that will be decided in the future, such as the winner of a league or tournament.

G

Gas: The fee required to successfully conduct a transaction or execute a contract on the Ethereum blockchain.

Gross Win: The total amount of money a bookmaker receives in wagers before paying out winnings.

Guaranteed Tip Sheet (GTS): A list of betting tips sold with a promise of profitability.

H

Halving: An event in which the block reward for mining new cryptocurrency is cut in half, typically occurring at predetermined intervals.

Handicap Betting: A form of betting where one team or player is given a virtual advantage or disadvantage to level the playing field.

Hard Cap: The maximum amount of funds a cryptocurrency project will raise during an Initial Coin Offering (ICO).

Hash: A function that converts an input of letters and numbers into an encrypted output of a fixed length.

Hedge: A bet placed to partially or fully offset potential losses from an existing bet.

Hot Wallet: A cryptocurrency wallet that is connected to the internet, used for frequent transactions but more vulnerable to hacks.

House Edge: The mathematical advantage that the betting platform has over the player.

I

ICO (Initial Coin Offering): A fundraising method in which new projects sell their underlying crypto tokens in exchange for bitcoin and ether.

Implied Probability: The likelihood of an outcome as suggested by the bookmaker’s odds.

In-Play Betting: Placing bets while an event is in progress, also known as live betting.

J

Jackpot: A large cash prize in gambling, often accumulated over time until a player wins it.

Juice: Another term for vigorish or vig, the commission charged by a bookmaker on bets.

K

Kelly Criterion: A formula used to determine the optimal size of a series of bets to maximize long-term growth of capital.

KYC (Know Your Customer): A standard process to verify the identity of customers, usually required by betting platforms for regulatory compliance.

L

Lay Bet: A bet against a particular outcome happening, typically placed on a betting exchange.

Ledger: A record of financial transactions, which in blockchain technology is distributed across multiple nodes.

Leverage: The use of borrowed capital to increase the potential return of an investment.

Lightning Network: A “layer 2” payment protocol that operates on top of a blockchain-based cryptocurrency to enable fast transactions.

Liquidity: The degree to which an asset can be quickly bought or sold without causing a significant price change.

Long: A position that profits if the price of an asset increases.

M

Margin: The difference between the buy and sell prices quoted for an asset.

Martingale: A betting strategy in which the gambler doubles the bet after every loss, so the first win would recover all previous losses plus win a profit equal to the original stake.

Maximum Bet: The highest amount a bookmaker will accept for a particular bet.

Merged Mining: The process of mining two or more cryptocurrencies at the same time, without sacrificing overall mining performance.

Mining: The process by which new cryptocurrency coins are created and transactions are verified on a blockchain.

Moneyline: A straight-up bet on which team will win a game, common in American sports betting.

Multi: Short for multiple or accumulator, a bet involving two or more selections where all must be correct to win.

N

Nonce: A number added to a hashed block in a cryptocurrency that, when rehashed, meets the difficulty level restrictions.

Non-Fungible Token (NFT): A unique digital asset that represents ownership of a specific item or piece of content, often used in gaming and collectibles.

No Action: A bet that is canceled and the stake returned to the bettor, usually due to specific circumstances outlined in the bookmaker’s rules.

Node: Any computer that connects to a blockchain network.

O

Odds: The ratio between the amounts staked by parties to a bet, based on the perceived probability of the outcome.

Off-Chain: Transactions or computations that occur outside of the main blockchain but can interact with it.

On-Chain: Transactions or computations that occur directly on the blockchain.

Open Source: Software whose original source code is made freely available and may be redistributed and modified.

Oracle: A service that provides external data to smart contracts on a blockchain.

Over/Under: A bet on whether the total score in a game will be over or under a specified amount.

P

Parlay: A single bet that links together two or more individual wagers and is dependent on all of those wagers winning together.

Payout: The total amount returned to a bettor on a winning bet, including the original stake.

Peer-to-Peer (P2P): A decentralized network where participants interact directly with each other without intermediaries.

Point Spread: A bet on the margin of victory in a game.

Private Key: A secret number that allows cryptocurrencies to be spent.

Prop Bet: A bet on a specific event occurring within a game, not necessarily related to the final outcome.

Public Key: A cryptographic code that allows a user to receive cryptocurrencies into their account.

Q

Quantum Computing: A type of computing that uses quantum-mechanical phenomena to perform operations on data, potentially posing a threat to current cryptographic methods.

Quick Pick: A feature in some betting systems where selections are made randomly for the bettor.

R

Return to Player (RTP): The percentage of wagered money a slot machine or casino game will pay back to players over time.

Round Robin: A series of parlay bets created from a set of teams.

S

Satoshi: The smallest unit of Bitcoin, equal to 0.00000001 BTC.

Scalping: A trading strategy that attempts to make many small profits on minor price changes.

Short: A position that profits if the price of an asset decreases.

Smart Contract: Self-executing contracts with the terms directly written into code, often used in crypto betting for automated payouts.

Soft Cap: The minimum amount of funds a cryptocurrency project aims to raise during an ICO.

Stake: The amount of money or cryptocurrency placed on a particular bet.

Staking: Participating in a proof-of-stake system to validate transactions and earn rewards.

T

Teaser: A type of parlay bet that allows the bettor to adjust the point spread or total to their advantage.

Token: A unit of value issued by a tech platform, company, or startup.

Tote: A pool betting system where all bets of a particular type are placed together and payoff odds are calculated by sharing the pool among all winning bets.

U

Underdog: The team or individual expected to lose in a competition.

Utility Token: A token that provides users with access to a product or service.

V

Vigorish (Vig): The commission charged by a bookmaker on bets.

Volatility: The degree of variation of a trading price over time, often high in cryptocurrency markets.

W

Wallet: A digital tool that stores the private and public keys needed to make cryptocurrency transactions.

Whale: An investor that holds a large amount of a particular cryptocurrency.

White Paper: An informational document issued by a company or organization to promote or highlight the features of a solution, product, or service.

Withdrawal: The process of transferring funds from a betting account back to the user’s personal account or wallet.

X

XRP: The native cryptocurrency of the Ripple network.

Y

Yield Farming: Lending or staking crypto assets in order to generate high returns or rewards in the form of additional cryptocurrency.

Z

Zero Confirmation Transaction: A transaction that has been broadcast to the network but has not yet been included in a block.

Zero Knowledge Proof: A method by which one party can prove to another party that they know a value x, without conveying any information apart from the fact that they know the value x.