Knowledge Base
Glossary
Plain-English definitions for the terminology used across Fan Strategy.
- Accumulator
- A bet that combines multiple selections; all must win for the bet to pay out.
- Asian Handicap
- A handicap given to a team to remove the draw option, making both outcomes equally attractive.
- Bankroll Management
- The practice of budgeting and controlling the money you set aside for betting to avoid overspending.
- Bet Builder
- A tool that lets you create a single bet by picking several outcomes from the same match.
- Betting Exchange
- A platform where bettors can back or lay outcomes against each other, acting as both bookmaker and punter.
- Bookmaker
- A company or person that sets odds and accepts bets on sporting events.
- Cash Out
- A feature that lets you settle a bet early, securing a profit or cutting a loss before the event ends.
- Double Chance
- A bet that covers two of the three possible results in a match, increasing your chance of winning.
- Draw No Bet
- A wager where you get your stake back if the match ends in a draw, otherwise you win or lose.
- Each Way
- A two-part bet where half your stake backs the selection to win and the other half backs it to place.
- Even Money
- Odds expressed as 1/1, meaning you win the same amount as your stake if the bet wins.
- Fixed Odds
- Odds that are set when you place the bet and stay the same regardless of later changes.
- Fractional Odds
- Odds shown as a fraction; the numerator shows profit relative to the denominator (the stake).
- Goal Line
- A line set by the bookmaker for total goals in a match; you bet on whether the total will be over or under it.
- In-Play Betting
- Betting on a match while it is happening, with odds that update as the game progresses.
- Lay Bet
- A bet that a specific outcome will not happen; you act as the bookmaker, accepting stakes from other bettors.
- Market
- The range of possible outcomes and odds offered for a particular event on a betting site.
- Odds
- A number that reflects how likely an outcome is and determines how much you can win.
- Over/Under
- A bet on whether a specific statistic, like total goals, will be above or below a set number.
- Profit Margin
- The bookmaker’s built-in edge, ensuring they make a profit regardless of the result.
- Rollover Requirement
- A condition that any bonus funds must be wagered a set number of times before you can withdraw winnings.
- Spread Betting
- A bet where your profit or loss depends on how accurate your prediction is beyond a set spread.
- Stake
- The amount of money you risk on a bet.
- Value Bet
- A bet where the odds offered are higher than the true probability, giving you a positive expected return.
- Wagering Requirement
- The total amount you must bet before bonus winnings can be withdrawn.