Knowledge Base
Glossary
Plain-English definitions for the terminology used across Fan Strategy.
- Accumulator
- A single bet that links two or more selections; all must win for the bet to pay out, multiplying the odds.
- Asian Handicap
- A handicap given to teams to eliminate the draw outcome, offering two possible winning sides with adjusted odds.
- Bankroll Management
- The practice of deciding how much money to risk per bet to protect your funds over time.
- Bet Builder
- An online tool that lets you combine multiple outcomes from the same match into one custom wager.
- Bet Slip
- The digital record on a betting site that lists your chosen selections, odds, and stake before confirmation.
- Cash Out
- A feature allowing you to settle a bet before the event ends, locking in a profit or limiting a loss.
- Decimal Odds
- A way to express odds as a single number; multiply your stake by the decimal to calculate total payout.
- Double Chance
- A bet that covers two of the three possible outcomes (e.g., home win or draw), lowering the risk.
- Draw No Bet
- A bet where you win if your chosen team wins, and get your stake back if the match ends in a draw.
- Each-Way
- A bet split into a win part and a place part; you receive a payout if the selection wins or finishes in a specified place.
- Fixed Odds
- The odds set by the bookmaker at the time of placing the bet, remaining unchanged regardless of later line movements.
- Half-Time/Full-Time
- A market where you predict both the result at halftime and the final result of the match.
- In-Play Betting
- Placing bets on a match while it is already in progress, with odds that update as the game unfolds.
- Kelly Criterion
- A mathematical formula that suggests the optimal percentage of your bankroll to wager based on perceived edge.
- Lay Bet
- A bet that a particular outcome will not happen, typically placed on a betting exchange.
- Live Odds
- The constantly changing odds offered during an event, reflecting real-time chances and market activity.
- Market
- A category of possible wagers on a specific event, such as match result, total goals, or player props.
- Over/Under
- A bet on whether a specific statistic, like total goals, will be higher or lower than a line set by the bookmaker.
- Parlay
- A single bet that combines multiple selections; all must be correct for a payout, with odds multiplied together.
- Point Spread
- A margin set by the bookmaker that the favored team must exceed for a bet on them to win.
- Price Boost
- A promotional offer that increases the odds on a chosen selection for a limited time.
- Push
- A tie result in a bet where the wager is refunded because the outcome exactly matches the line.
- Rolling Spot
- A continuous betting market that tracks a live statistic, updating after each occurrence.
- Stake
- The amount of money you risk on a bet; your potential payout is calculated as stake multiplied by the odds.
- Value Bet
- A wager where the odds offered are higher than the true probability of the outcome, giving an expected profit over time.