Betting Terminology

Terminology

Terminology
Definition

Multiplier

A numerical factor by which the bet amount is multiplied, determining the potential amount to be won.

Bet Number

A specific sequence or identifier for a particular bet, possibly used for tracking or counting.

Bet Amount

The specific sum of money a player chooses to bet.

Payout

The total amount a player will receive if the bet is successful, including their original bet.

Net Win

The pure profit a player makes, which is the difference between the amount won and the original bet amount.

Net Payout

The total amount a player may receive after considering all deductions such as fees or other charges.

Formula

  1. Payout=BetAmountMultiplierPayout=Bet Amount*Multiplier

  2. NetWin=PayoutBetAmountNet Win=Payout-Bet Amount

  3. NetPayout=PayoutWithdrawalFeeNet Payout=Payout-Withdrawal Fee

Last updated