Glossary

Affiliate (Frontend)

A frontend operator can be apps, widgets, tools, integrations or even standalone products which use the Azuro liquidity pools and deliver a UI for users to interact with.

Automated Market Maker

An automated market maker is a type of decentralized exchange that uses algorithms to determine the price of assets based on supply and demand. Azuro utilises AMM mechanic inside its predictions engine to adjust odds and provide users with correct values.

Predictions

At its core, sports predictions are putting money behind an outcome of your choice and getting paid if that outcome is achieved.

Combo Bet

Combo bet is a type of bet where a user can combine outcomes from different Conditions and place them as a single bet. This bet wins if each of the selected outcomes in the set wins, with the payout coefficient being the product of the selected Odds taking into account the applied Margin.

Betting Engines

A collective term for contracts that encompass the logic of creating Conditions, accepting bets, computing payouts for bets, and calculating Affiliate rewards.

Players

Players can access the markets via websites, apps or widgets (known as "Frontends") that connect to Azuro to deliver prediction services to end users.

Condition

Each Market presented on a Pool is called a Condition.

ERC20

ERC20 tokens are fungible tokens on Ethereum. Azuro supports all standard ERC20 implementations.

Factory

A smart contract that deploys Pools and Betting Engine smart contracts.

Freebet (Free Bet)

A bet of a specified value for which a betting app offers to pay the stake.

Game

An entity within Pool's contracts that provides information about a game or event. The Game includes information about when the match will start, as well as an IPFS hash containing information about the event. Based on the Game, an unlimited number of Conditions can be created.

Liquidity

Digital assets that are stored in an Azuro pool contract, and are able to be traded against by traders.

Liquidity Provider (LP)

Someone who deposits ERC20 tokens into a given liquidity pool. Liquidity providers take on price risk and are compensated with the prediction margins.

Margin

The margin (also referred to as "spread" or "vig/vigorish") is the difference between the probability of a prediction outcome happening and the odds that players can place predictions with (for this outcome). In traditional online betting, it is also referred to as the "bookmakers advantage" or "house edge". On Azuro protocol, margin is one of the immutable properties of a Condition, set at the time of its creation.

Market

A sports market is a specific category of gaming on a certain fixture or event.

Odds

The ratio of winnings to the stake and player also get his wager returned. So wagering 1 at 1:5 pays out 6 (5 + 1).

Order

The request to make a prediction, signed by user's wallet .

Outcome (Selection)

The simplest type of prediction in an app’s office, the winning of which is determined by the result of a sporting event - the victory of team(player) 1 or team 2(player), or a draw (if possible).

Pool

A system of smart contracts that forms a unified predictions platform. Anyone can deploy their own Pool on the network using the Factory.