7.5 Glossary
Offer
A price offered by a bookie on a event it is possible to bet on. It may contain the minimum and maximum stake available to bet, if this information is readily available. The price is not related to a specific bookie account but it is generic for the whole bookie.
PMM
The specific price and minimum and maximum stake on a bookie account, requested opening a betslip. Requesting PMMs generates calls on the remote bookie/exchanges in order to get the most up-to-date information to bet.
Future Fulfilment
An order to place bets on a specific event at a minimum price, which MollyBet will keep open for a requested time: if the price requested is not readily available MollyBet will watch the market until the conditions for betting are fulfilled.
Balance
The cumulative profit and loss on a MollyBet account, together with other transfers, expenses and other monetary movements. It is expressed in a currency that is fixed at account creation.
Credit Limit
The amount of credit that is available for betting, usually the account balance but it can be extended according to customers' agreements with their own agents. The limit is usually tied to a single MollyBet account; additionally, if a set of accounts is grouped together, the group may have a global credit limit too.
Effective Price
The price of a bet net of commission, re-expressed as a decimal price.
Placement Round
An iteration of placement attempt, where MollyBet analyses the market and attempts to place at the best price available. If some of the requested stake couldn't be placed at the first iteration further placement rounds may follow.
Settlement
After a sport event is finished, the attribution of a profit or loss to all the bets placed on that event. The amount shall be then compared to what the bookmakers declare in reconciliation.
Reconciliation
The comparison of the profit or loss estimated in settlement with what the bookmaker return. In case there is a mismatch the bets are considered not reconciled and investigated.
Open Stake
The stake for placed bet that have not been settled yet.
Blacklist
A temporary suspension of a bookmaker account, when the system detects that using it may lead to problem (misbehaviour or bad integration of the bookie account with the rest of the system, or that there are likely conditions for the bets to be voided).