Knowledge Base
Glossary
Plain-English definitions for the terminology used across Fan Strategy.
- Accumulator
- A type of parlay where winnings from one selection roll onto the next, multiplying the potential payout.
- Arbitrage
- Placing bets on all possible outcomes of an event across different bookmakers to guarantee a profit.
- Asian Handicap
- A handicap system that eliminates the draw by giving teams a fractional or whole goal advantage or disadvantage.
- Bankroll Management
- The practice of setting and sticking to a budget for betting to avoid overspending.
- Bet Builder
- A tool that lets you combine multiple markets from a single match into one custom bet.
- Bet Slip
- The online form where you record the bets you want to place, including selections, stake, and potential payout.
- Both Teams to Score
- A bet on whether both teams will score at least one goal during the match.
- Cash Out
- A feature that lets you settle a bet before the event ends, locking in a profit or limiting 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 of a match (e.g., win/draw or draw/loss).
- First Goalscorer
- A bet on which player will score the first goal in a match.
- Free Bet
- A promotional bet credited to your account that you can use to place a wager without using your own money.
- Handicap
- A points adjustment given to a team to level the playing field, affecting the final result for betting.
- Hedging
- Betting on the opposite outcome to reduce risk or lock in a profit on an existing bet.
- House Edge
- The built‑in advantage a bookmaker has in a market, expressed as a percentage of each bet.
- Lay Bet
- Betting that an outcome will not happen, typically used on betting exchanges.
- Live Betting
- Placing bets on a match while it is in progress, with odds that change as the game unfolds.
- Odds
- The number that shows how much you can win relative to your stake, reflecting the likelihood of an outcome.
- Over/Under
- A bet on whether the total number of goals (or points) in a match will be more or less than a set number.
- Parlay
- A single bet that links two or more selections; all must win for the bet to pay out.
- RTP
- The percentage of total money wagered on a game that is paid back to players over time.
- Stake
- The amount of money you wager on a bet.
- Value Bet
- A bet where the odds offered are higher than the true probability of the outcome, suggesting an edge.
- Volatility
- A measure of how much the outcomes of a bet or game can vary, indicating risk level.
- Wagering Requirement
- The number of times you must bet a bonus amount before you can withdraw any winnings from it.