Knowledge Base
Glossary
Plain-English definitions for the terminology used across Fan Strategy.
- Accumulator
- A bet that combines multiple selections into one wager, and all selections must win for the bet to pay out.
- Asian Handicap
- A handicap given to a team in a match to level the playing field, with options for half‑goal or quarter‑goal spreads.
- Bankroll Management
- The practice of setting a budget for betting and deciding how much of it to stake on each wager.
- Bet Builder
- A feature that lets you combine different markets from the same match into a single custom bet.
- Cash Out
- The ability to settle a bet before the event ends, either locking in a profit or cutting a loss.
- Correct Score
- A bet that predicts the exact final score of a match.
- Double Chance
- A bet that covers two of the three possible outcomes (win, draw, or loss) in a match.
- Draw No Bet
- A bet that returns your stake if the match ends in a draw, otherwise you win on the chosen side.
- Edge
- An advantage you believe you have over the bookmaker’s odds, based on analysis or information.
- Ev
- Shorthand for 'expected value', the average amount you expect to win or lose per bet over time.
- Expected Goals
- A metric that estimates how many goals a team should score based on the quality of its shots.
- Fixed Odds
- Odds that are set at the time you place a bet and do not change, regardless of later market moves.
- Free Bet
- A promotional credit you can use to place a bet without risking your own money, with any winnings usually returned without the stake.
- Handicap Betting
- A market where a team is given a positive or negative adjustment to its final score to create balanced odds.
- In-Play Betting
- Placing bets on a match after it has started, with odds that update as the game progresses.
- Kelly Criterion
- A formula that calculates the optimal fraction of your bankroll to bet based on the perceived edge.
- Lay
- To bet against a particular outcome, acting as the bookmaker by offering odds to other bettors.
- Margin
- The built‑in advantage a bookmaker includes in the odds, expressed as a percentage of the true probability.
- Matched Betting
- A technique that uses free bets and promotions to guarantee a profit by covering all possible outcomes.
- Moneyline
- A bet on which team will win a match, with odds displayed as a positive or negative number.
- Odds Boost
- A promotion that increases the payout odds on a specific bet, giving you more potential return.
- Over/Under
- A bet on whether the total number of goals or points in a match will be higher or lower than a set line.
- Parlay
- A bet that links two or more selections together; all must win for the bet to pay out, offering higher odds.
- Spread Betting
- A bet on whether a particular match statistic will be above or below the range set by the bookmaker.
- Value Bet
- A wager where you believe the odds offered are higher than the true probability of the outcome, giving you a positive expected value.