Knowledge Base
Glossary
Plain-English definitions for the terminology used across Fan Strategy.
- Accumulator Insurance
- Accumulator Insurance is a promotion that returns your stake as a free bet if one selection lets you down in a multi‑bet.
- Arbitrage Betting
- Arbitrage Betting involves placing bets on all possible outcomes of an event across different bookmakers to guarantee a profit regardless of the result.
- Asian Handicap
- Asian handicap is a spread betting system that eliminates the draw option and offers more balanced odds between two teams.
- Back Betting
- Back Betting is the conventional bet that an outcome WILL happen, as opposed to laying.
- Bankroll Management
- Bankroll Management is the practice of setting a budget for betting and sticking to it to avoid losing more than you can afford.
- Bookmaker
- Bookmaker is a company that sets odds and accepts bets on sports events, acting as the counterparty to your wager.
- Both Teams to Score (BTTS)
- Both Teams to Score (BTTS) is a wager that both sides will score at least one goal during the match.
- Cash Out
- Cash Out lets you settle a bet before the event ends, locking in a profit or limiting a loss based on the current odds.
- Correct Score
- Correct Score is a bet predicting the exact final score of a match, offering high odds due to its difficulty.
- Double Chance
- Double Chance is a bet that covers two of the three possible outcomes in a match, increasing your chances of winning.
- First Goalscorer
- First Goalscorer is a bet on which player will score the first goal in a match.
- Free Bet
- Free Bet is a bet credited by a bookmaker that you can use without risking your own money, with winnings usually minus the free bet stake.
- Half-Time/Full-Time
- Half-Time/Full-Time is a bet predicting the result at both half-time and full-time, requiring both predictions to be correct.
- Hedge Betting
- Hedge Betting is the practice of betting against your original bet to reduce risk or secure a profit when circumstances change.
- In-Play Betting
- In-Play Betting allows you to place bets on a match while it is ongoing, with odds that update as the game progresses.
- Juice
- Juice is the commission that a bookmaker charges on a bet, usually built into the odds, represented as a percentage of the stake.
- Lay Betting
- Lay Betting is betting that an outcome will NOT happen, typically used on betting exchanges where you act as the bookmaker.
- Moneyline
- Moneyline is a bet on which team will win a match, with odds expressed as a positive or negative number.
- Odds
- Odds represent the probability of an outcome and determine how much you can win if your bet is correct.
- Over/Under
- Over/Under is a bet on whether the total number of points or goals in a match will be higher or lower than a set number.
- Parlay
- Parlay is a single bet that links multiple selections; all must win for the bet to pay out, increasing potential payout.
- Point Spread
- Point spread is a handicap given to the underdog to level the betting field, requiring the favorite to win by a certain margin.
- Stake
- Stake is the amount of money you risk on a bet; it determines your potential payout.
- Value Bet
- Value Bet is a wager where the odds offered are higher than the true probability of the outcome, giving you an expected profit.
- Wagering Requirement
- Wagering Requirement is the number of times you must bet a bonus amount before you can withdraw any winnings from it.