A bye simply stands for, as Elite said, a bypass, which, in turns, means to avoid, neglect, or ignore. In other words, you avoid, neglect, or ignore the first round, and move directly to the second round. In the Cup, all byes are given to all Division I participants and the top 3 Division II participants.
And we need more votes in the placement matches >_>
That clears things up, thanks.
And I voted.