Knowledge Base
Glossary
Plain-English definitions for the terminology used across Fan Strategy.
- Accumulator
- An accumulator is a single bet that links several selections; all must win for a payout, and winnings roll over from one selection to the next.
- American Odds
- American odds use a plus sign to indicate how much you win on a $100 bet and a minus sign to show how much you must stake to win $100.
- Arbitrage
- Arbitrage exploits differing odds across bookmakers to place opposing bets on the same event, guaranteeing a profit regardless of the result.
- Asian Handicap
- Asian handicap gives a team a half‑goal or whole‑goal advantage or disadvantage to eliminate the draw option and create balanced odds.
- Bankroll
- Your bankroll is the total amount of money set aside for betting, and managing it helps you avoid big losses.
- Bonus
- A bonus is an extra amount of funds or free bets offered by a bookmaker, often subject to conditions before you can withdraw winnings.
- Both Teams to Score (BTTS)
- Both teams to score is a bet that wins if each side scores at least one goal during the match, regardless of the final result.
- Cash Out
- Cash out lets you settle a bet before the event ends, either locking in a profit or cutting a loss based on the current odds.
- Correct Score
- A correct score bet predicts the exact final score of a match, offering higher odds because the outcome is very specific.
- Decimal Odds
- Decimal odds show the total payout for each unit wagered, including the original stake; multiply your stake by the decimal to get the total return.
- Double Chance
- Double chance lets you cover two of the three possible outcomes in a match, such as win or draw, reducing risk but lowering the odds.
- Fractional Odds
- Fractional odds display the profit you earn relative to your stake; a 5/1 odds means you win five units for every one unit bet.
- Futures Bet
- A futures bet is placed on an event that will be decided in the future, such as which team wins the World Cup, with odds that change over time.
- Hedge
- Hedging means placing a bet on the opposite outcome to an existing bet, locking in a profit or reducing potential loss.
- Live Betting
- Live betting allows you to place wagers on a match while it is being played, with odds that update as the game unfolds.
- Moneyline
- A moneyline bet asks you to pick the outright winner of a match, with odds adjusted to reflect each team's chances.
- Over/Under
- An over/under bet is a wager on whether the total number of goals scored in a match will be higher or lower than a set figure.
- Parlay
- A parlay combines multiple selections into one bet, and all must win for the bet to pay out, offering higher odds than single bets.
- Point Spread
- A point spread assigns a handicap to the favored team so both sides have equal betting appeal, winning the bet if they cover the line.
- Responsible Gambling
- Responsible gambling refers to practices that keep betting safe and enjoyable, such as setting limits, knowing when to stop, and seeking help if needed.
- Stake
- The stake is the amount of money you risk on a bet, and it determines both your potential win and loss.
- Value Bet
- A value bet occurs when the odds offered by a bookmaker are higher than the true probability of the outcome, giving the bettor an edge.
- Vig
- Vig, also called juice, is the commission a bookmaker charges on a bet, built into the odds so the house always has an edge.
- Wagering Requirement
- A wagering requirement tells you how many times you must bet a bonus amount before you can cash out any related winnings.