Glossary – Sports Betting

A single bet allows you to select one selection within a particular market or event and place your bet on it. Your potential winnings are calculated based on your bet amount and the odds at the time you place the bet.

If your prediction is correct, you will receive winnings based on the odds and the amount you bet. It is the basis for comparison with a parlay, where multiple selections are combined instead of one.

A parlay allows you to combine several selections from different events into a single bet (up to a maximum of 30 selections). For a parlay to win, all selected results must be correct.

Potential winnings are calculated by multiplying the odds of each selection by the amount wagered. Due to their accumulative nature, parlays offer higher payouts compared with single bets. However, if any selection is incorrect, the entire bet is lost.

Important: selections that affect one another are not permitted (for example, two selections from the same event whose results depend on each other). If the system accepts this type of combination by mistake, Kaizen reserves the right to void it without prior notice. This restriction does not apply to the Bet Builder feature, which operates under a different logic (see below).

Bet Builder is a product that allows you to combine several markets within the same event into a single bet with unique combined odds. Unlike a parlay—where selections from the same match that affect one another are not permitted—in Bet Builder, this is exactly what is offered: more than one selection on the same event.

Voiding selections: if one of the players included in your Bet Builder does not end up being part of the starting eleven, that specific selection is voided. Unlike a traditional parlay (where a voided selection is set at odds of 1.00 and the rest of the bet remains active with its own odds), in Bet Builder, the total odds of the bet are recalculated based on the remaining valid selections, and the bet is settled using those new odds.

It should not be confused with system bets (Yankee, Trixie, etc.), which are a different product—see the next entry.

A system bet allows you to generate multiple combinations from a group of selections, so that you can win even if not all your selections are correct. Unlike a traditional parlay, you do not need to get 100% of your predictions correct to receive a return.

Some examples:

• Trixie: 4 bets from 3 selections (3 doubles + 1 treble). You need to get at least 2 out of 3 correct.
• Yankee: 11 bets from 4 selections (6 doubles + 4 trebles + 1 fourfold). You need to get at least 2 out of 4 correct.
• Canadian/Super Yankee: 26 bets from 5 selections.
• Heinz: 57 bets from 6 selections.
• Super Heinz: 120 bets from 7 selections.
• Goliath: 247 bets from 8 selections.

The exact amount of winnings depends on how many of your predictions are correct.

Settlement is the process by which Kaizen determines whether a bet is a winner, loser, or void, based on the official result of the event.

For settlement, the official governing body’s statistics for the league/event are used first. If no such body exists, its statistics are unavailable, or there are indications that they are incorrect, Kaizen’s statistics or those of its official data providers are used (for example, Opta for soccer). If these are also unavailable, independent data sources are used.

In most sports, settlement takes place at the end of "Regular Time" or "Full Time" (for example, 90 minutes + stoppage time in soccer), unless the market expressly indicates that it includes extra time, overtime, or penalty shootouts.

A void bet is one that Kaizen declares invalid for determining a winning or losing result. When this occurs, the amount wagered is refunded and, in parlays or system bets, that selection is calculated at neutral odds of 1.00, without affecting your other selections.

This may occur, for example, when:

• A selected player or team does not participate in the event.
• The event is postponed, suspended, or not played/completed on the same scheduled day.
• An obvious error is identified in the odds, line, or handicap before the event begins.
• The original conditions of the event change (venue, format, duration).
• It is not possible to officially validate the result of a market.

Dead-heat rules apply when an event has more than one winner for the same market (for example, two players who finish tied as "Tournament Top Scorer," or two teams that finish in the same final position). In that case, your bet’s odds are divided by the number of winners.

Example: if you bet on Tournament Top Scorer and two players finish tied at the top of the scoring table, your bet is settled as a winner, but with the odds divided between the two winners (for example, odds of 5.00 would be settled at 2.50).

This rule applies to soccer player markets where the bet is related to the performance or participation of an individual player. Its purpose is to protect the bettor when a selected player is not part of the starting eleven.

It applies differently depending on the type of bet:

• Single bets: if the selected player does not start the match, the bet is voided. If the player does start, the bet is settled normally (won/lost) according to the final result.
• Multiple/system bets: the same principle applies. The affected selection is settled at odds of 1.00, without affecting your other selections—just like any other voided selection within a parlay or system bet.
• Bet Builder: if any selected players do not start the match, that specific selection is voided, but not the entire bet. Instead, the odds are recalculated based on the remaining valid selections and the bet is settled using those new odds.

A match is considered "not played" for settlement purposes if it is not played or is postponed within the same day on which it was scheduled. In that case, all related bets are voided.

If a match is abandoned before the regulation time is completed, it is also voided, with two exceptions:

• Bets whose result had already been determined before the abandonment remain settled with that result (for example, a "First Goalscorer" bet if a goal had already been scored).
• If the tournament’s governing body declares an official result up to that point, Match Winner and Double Chance markets are settled according to that official result. All other markets are voided unless they have already been settled.

A match played before the scheduled date/time may also be included, provided that the bet was placed before the revised start time.

A bet on the home team win, the draw, or the away team win.

Settlement rules: valid only for the 90 minutes of regulation time, including stoppage time added by the referee. Extra time, overtime, and penalty shootouts are excluded unless expressly indicated in the market name.

All soccer bets are settled according to the result at the end of regulation time (90 minutes + stoppage time), unless the market name expressly mentions "Extra Time" or "Penalty Shootout".

A market that combines two of the three possible match results into a single selection, reducing the risk (and the odds) compared with betting on a single result. There are three options:

• 1X: wins if the result is a home win or draw.
• X2: wins if the result is a draw or away win.
• 12: wins if the result is a home or away win (that is, any result other than a draw).

If a match is played at a neutral venue, the team listed first in the match name is considered the "home" team for the purposes of this bet.

A shot on target is defined as any attempt at goal that:

• Enters the goal, regardless of the player’s intent.
• Is a clear attempt to score that would have resulted in a goal if it had not been saved by the goalkeeper or blocked by an opposing player as the last defender (without the goalkeeper having a chance to prevent the goal).

Shots that go directly against the post, or are blocked by a player who is not the last defender, do not count as shots on target.

Data provider: shots and attempts statistics are settled according to Opta, Kaizen’s primary provider for statistical markets.

Bets on the total or specific number of yellow and red cards shown during the match.

Settlement rules: cards shown to personnel not active on the field (coaching staff, substitutes on the bench, players already substituted), as well as cards shown after the final whistle, do not count. Cards shown to a substituted player count only if that player returns to the match after receiving the card.

Settlement source: settled according to the official match report from the tournament or league (corners and cards are specifically not determined by the Opta database).

Total number of corners taken during regulation time.

Settlement rules: only corners that are actually taken count. A corner awarded but not taken before the final whistle is not included. If a corner must be retaken (for example, due to a foul in the box), only one counts.

Settlement source: official match report from the tournament or league.

A three-option market (Home, Draw, Away) in which a team is given a goal advantage or disadvantage before the match begins, and that advantage is added to or subtracted from the final result to determine the winner.

Example: if you bet on Arsenal -1 (home) against Fulham, Arsenal must win by 2 or more goals for your bet to win. If Arsenal wins by exactly 1 goal, the adjusted result is a draw and your bet is settled as a draw (not as a win).

If a handicap bet ends in a draw and no draw option is available in that market, all bets are settled at odds of 1.00 (voided).

A two-option market that eliminates the draw result: the handicap adjusts the score before determining the winner, and there are only two possible results. It may include whole lines (0, 1, 2), half lines (0.5), or quarter lines (0.25, 0.75). With quarter lines, your wager is divided into two equal parts and settled as two separate bets.

Examples with Arsenal (home) -0.5/-0.25/-0.75 vs. Fulham:

• -0.5: Arsenal needs to win by any margin for your bet to win. If the match is drawn or Arsenal loses, your bet is lost in full (no refund is possible with this line).
• -0.25: if Arsenal wins, your bet wins in full. If the match is drawn, your bet is settled as half void and half lost. If Arsenal loses, your bet is lost in full.
• -0.75: Arsenal needs to win by 2 or more goals for your bet to win in full. If Arsenal wins by exactly 1 goal, your bet is settled as half won and half void (partial refund). If the match is drawn or Arsenal loses, your bet is lost in full.

This partial refund mechanism is precisely what distinguishes the Asian handicap from other markets: quarter lines are not "all or nothing."

A feature that allows users to settle their bet before the event ends.

Settlement rules: the payout amount accepted through Cash Out is final and non-negotiable, regardless of subsequent events in the match.

Betano reserves the right to pause or disable the Cash Out option at any time due to fluctuations in the odds or live match events.