Knowledge Base
Glossary
Plain-English definitions for the terminology used across Fan Strategy.
- Accumulator
- An accumulator is a type of parlay where multiple selections are combined into one bet, and every selection must be correct to win.
- Arbitrage
- Arbitrage involves placing bets on all possible outcomes of an event across different bookmakers to guarantee a profit regardless of the result.
- Asian Handicap
- An Asian handicap gives one team a fractional goal advantage or disadvantage, eliminating the draw option and narrowing the possible outcomes.
- Bankroll Management
- Bankroll management is the practice of setting a budget for betting and deciding how much to stake on each wager to stay in control.
- Bookmaker Margin
- Bookmaker margin, also called vig or juice, is the built-in percentage that a bookmaker charges for accepting bets, making it easier for them to profit.
- Both Teams to Score (BTTS)
- A Both Teams to Score bet 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, locking in a profit or limiting a loss based on the current odds.
- Correct Score
- A correct score bet wins if you predict the exact final score of a match.
- Double Chance
- Double chance betting lets you cover two of the three possible outcomes in a match, increasing your chance of winning.
- Draw No Bet
- A Draw No Bet wager gives you a win if your chosen team wins, and your stake is refunded if the match ends in a draw.
- First Goal Scorer
- First goal scorer betting wins if the player you select scores the very first goal of the match.
- Free Bet
- A free bet is a credit that you can use to place a wager without risking your own money, and any winnings are usually withdrawable.
- Kelly Criterion
- The Kelly Criterion is a mathematical formula that calculates the optimal size of a bet based on the perceived edge.
- Line Movement
- Line movement refers to how the odds or point spread on a match change over time as more bets are placed or new information becomes available.
- Live Betting
- Live betting allows you to place bets on a match while it is still in progress, with odds that update as the game unfolds.
- No Deposit Bonus
- A no deposit bonus is a small amount of betting credit given to new customers without requiring any deposit, allowing them to try betting for free.
- Odds Boost
- An odds boost is a special promotion that increases the payout odds on a specific selection, giving you a higher potential return.
- Over/Under
- An Over/Under bet is a wager on whether the total number of goals in a match will be higher or lower than a set line.
- Parlay
- A parlay is a single bet that links two or more selections, and all of them must win for the bet to pay out.
- RTP
- RTP, or Return to Player, is the percentage of total money wagered that a game pays back to players over time.
- Settlement
- Settlement is the process of finalizing a bet after the event, determining whether it won and then crediting any winnings to your account.
- Stake
- The stake is the amount of money you risk on a bet; if the bet wins you receive a return based on the stake and the odds.
- Value Bet
- A value bet occurs when the odds offered by a bookmaker are higher than the true probability of the outcome, giving you an expected advantage.
- Volatility
- Volatility describes how often and how large the payouts are in a game; high volatility means bigger but less frequent wins.
- Wagering Requirement
- A wagering requirement is the number of times you must bet a bonus amount before you can withdraw any winnings from it.