Knowledge Base
Glossary
Plain-English definitions for the terminology used across Fan Strategy.
- Accumulator
- A bet that combines multiple selections into one, with winnings rolling over.
- American Odds
- Odds displayed as a positive or negative number, showing how much you win or need to wager.
- Arbitrage
- Exploiting differences in odds across bookmakers to guarantee a profit.
- Asian Handicap
- A spread betting system that eliminates the draw outcome and gives a handicap to each team.
- Bankroll
- The total amount of money set aside for placing bets.
- Bookmaker
- The company that sets odds and accepts bets.
- Cash Out
- An option to settle a bet early for a guaranteed amount before the event ends.
- Decimal Odds
- A way to express odds as a single number that includes the stake (e.g., 2.50).
- Fractional Odds
- Odds shown as a fraction (e.g., 3/1) indicating profit relative to the stake.
- Futures Bet
- A bet placed on an outcome that will be decided later, like the winner of the World Cup.
- Hedging
- Placing a second bet to reduce potential loss or lock in a profit.
- In-Play Betting
- Placing bets after a match has started, with odds that update in real time.
- Juice
- The commission taken by the bookmaker on each bet, usually built into the odds.
- Kelly Criterion
- A mathematical formula that calculates the optimal size of a bet based on edge and odds.
- KYC
- The process of verifying a bettor's identity to prevent fraud and ensure legal compliance.
- Moneyline
- A bet on which team will win a match, with odds expressed as a price.
- Over/Under
- A bet on whether the total number of goals scored will be higher or lower than a set line.
- Parlay
- A single bet that links multiple selections; all must win for the bet to pay out.
- Point Spread
- A handicap given to the favorite team to level the betting field.
- Prop Bet
- A wager on a specific event within a match, such as which player scores first.
- Push
- A tie result where the bet is refunded and no money is lost or won.
- ROI
- The percentage return on the money you have wagered, measuring betting efficiency.
- Stake
- The amount of money you risk on a single bet.
- Void Bet
- A bet that is cancelled and stakes are returned, often due to a match being postponed.