Knowledge Base
Glossary
Plain-English definitions for the terminology used across Fan Strategy.
- Accumulator
- Accumulator is a type of bet that combines several selections into one, with winnings rolling over each winning pick.
- Arbitrage
- Arbitrage involves betting on all possible outcomes of an event across different odds to guarantee a profit.
- Asian Handicap
- Asian Handicap splits the handicap into two halves to eliminate the draw outcome, giving a more balanced betting line.
- Bankroll Management
- Bankroll Management is the practice of setting a budget for betting and sticking to it to avoid financial trouble.
- Bet Builder
- Bet Builder lets you combine multiple outcomes from the same match into a single custom wager.
- Cash Out
- Cash Out allows you to settle a bet before the match ends, locking in a profit or limiting a loss.
- Correct Score
- Correct Score is a bet that predicts the exact final score of a match.
- Double Chance
- Double Chance covers two of the three possible match outcomes in one bet, reducing risk.
- European Handicap
- European Handicap applies a whole-number handicap to a team, often with three possible outcomes.
- Goal/No Goal
- Goal/No Goal is a wager on whether both teams will score at least one goal during the match.
- In-Play
- In-Play refers to betting markets that are available from the start of a match until it ends.
- Line Movement
- Line Movement refers to changes in betting odds or spreads over time as more bets are placed.
- Live Betting
- Live Betting lets you place bets on a match while it is in progress, with odds that update as the game unfolds.
- Market
- Market is a category of bets available for a particular event, such as match winner or total goals.
- 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 likelihood of a specific outcome and determine how much you can win relative to your stake.
- Over/Under
- Over/Under is a bet on whether the total number of goals scored in a match will be higher or lower than a set figure.
- Overround
- Overround is the total implied probability of all outcomes in a market, exceeding 100% due to the bookmaker’s margin.
- Parlay
- Parlay is a single bet that links multiple selections; all must win for the bet to pay out.
- Push
- Push occurs when a bet lands exactly on the line, resulting in the stake being returned with no win or loss.
- ROI
- ROI measures the return on investment relative to the amount wagered, expressed as a percentage.
- Spread
- Spread is a handicap that evens the chances of two teams by giving one team a virtual lead or deficit.
- Value Bet
- Value Bet is a wager where the odds offered are higher than the true probability of the outcome, suggesting a positive expected return.
- Vig
- Vig is the commission charged by a bookmaker, reflected in the odds as a built-in margin.
- Void
- Void means a bet is canceled and the stake is refunded, usually due to a match being postponed or a rule breach.