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All betting terms

Betting Glossary

Paper trading

Definition

Following a strategy with a virtual bankroll instead of real money: every prediction it publishes is recorded as a hypothetical bet at the published price and graded when the game settles. It shows what following the strategy would have done without risking anything.

Related terms

  • Bankroll — The money set aside for betting. Units and Kelly stakes are sized as a percentage of it.
  • Unit — A standardized stake (typically 1–2% of bankroll) used to track results independent of dollar amounts, e.g. +12.5u.

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