Knowledge Base
Glossary
Plain-English definitions for the terminology used across Fan Strategy.
- Accumulator
- A single bet that links multiple selections; all must win for the bet to pay out, with odds multiplying.
- Arbitrage
- Exploiting differing odds across bookmakers to guarantee a profit regardless of outcome.
- Asian Handicap
- A handicap system that eliminates the draw outcome, using quarter-goal increments to split the stake.
- Bankroll Management
- The practice of allocating funds for betting to minimize risk and sustain activity over time.
- Bet Builder
- A feature allowing bettors to combine multiple outcomes from a single match into one custom wager.
- Both Teams to Score
- A market where the bettor predicts whether each side will score at least one goal.
- Cash Out
- A feature allowing bettors to settle a bet before the event concludes, locking in a profit or loss.
- Closing Line
- The final set of odds offered before an event begins, used to evaluate betting performance.
- Decimal Odds
- Odds expressed as a single number (e.g., 2.50) representing total return per unit staked.
- Fractional Odds
- Odds expressed as a fraction (e.g., 3/2) showing profit relative to the stake.
- Handicap Betting
- A type of bet where the stronger team is given a negative goal deficit to level the playing field, expressed as -1, -2, etc.
- Hedging
- Placing additional bets to reduce potential loss or lock in profit on an existing wager.
- In-Play Betting
- Betting on match events after the game has started, with odds updating in real time.
- Juice
- The commission or vigorish that a bookmaker takes, typically built into the odds.
- Line Movement
- The change in betting odds or lines over time due to betting action or new information.
- Moneyline
- A straight win-only bet where odds indicate how much profit a correct pick yields per $100 wagered.
- Odds Format
- The style in which betting odds are displayed, such as decimal, fractional, or moneyline.
- Over/Under
- A bet on whether a specific statistic, such as total goals, will be above or below a set line.
- Parlay
- A bet linking multiple selections where each must win for a payout, similar to an accumulator.
- Round Robin
- A series of smaller parlays created from a selected list of teams, offering multiple chances to win.
- Staking Plan
- A defined method for determining how much to wager on each bet based on bankroll size.
- Unit
- A standard measurement of bet size, usually representing a fixed percentage of the total bankroll.
- Value Bet
- A selection where the perceived probability of an outcome is higher than the odds imply.