Betfair/Betdaq trading glossary beginning with A

A

Account Statement

Section of the exchange websites  where you can see the history of your bets, their settlement, history of your deposits & withdrawals, etc.

All-out

Technique when you exit your position with one bet.

API

(Application Programming Interface) Allows acces to Betfair or Betdaq without using the website. It uses protocols and functions to access exchange data. Geeks Toy works using these APIs.

Arbitrage

Betting on something in a way that you can not lose. Example: if we can match a bet on each player in a single tennis match at a price of 2.5, we have a guarenteed win.