Glossary
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Market
A market is a set of selections to bet on, along with some common information that gives you an idea of whether it is worth betting on that particular sport event or its outcomes.
Markets vary greatly across sports. A single event will often have multiple markets attached to it, with opposite outcomes combined in a list of selections. The most common types of markets and Win and Place markets.
Examples of markets could be:
- Who wins a horse race (the list of horses form the market);
- Will a football match end with one of the teams winning or with a draw;
- Which player wins in a tennis match;
- How many goals/points will be scored in a game;
- Who (of the team players) will score the most goals in a season;
- Who wins the Nth set in a tennis match;
- Will a particular financial index go above or below the predefined number of points.
- Who wins a horse race (the list of horses form the market);
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Matched Bet
A matched bet is a transaction between you and another bettor which cannot be cancelled or modified. The exchange may change the price of your matched bet under certain circumstances (see Withdrawn runner) or void it altogether, but neither you nor the other bettor can do this yourselves.
A matched bet imposes a liability on you.
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Monitoring (market)
See Refresh.
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Market Locator
Market Locator is a special tool which is a part of MarketFeeder Pro.
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Martingale
A Martingale betting strategy is a staking plan that aims to compensate the previously made losses by increasing the next bet. The simplest Martingale plan just recovers the entire loss in one go. Another popular variation of Martingale doubles the next bet size after a loss. The latter only makes sense for bets at prices close to 2.0, as it originates from betting on red or black in roulette or on heads or tails, where the chances of the two outcomes are 50%.
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