Knowledge Base
Glossary
Plain-English definitions for the terminology used across Fan Strategy.
- Arbitrage Betting
- Arbitrage Betting is a method where you place bets on all possible outcomes of an event with different odds to guarantee a profit regardless of the result.
- Bankroll Management
- Bankroll Management means deciding how much money you can afford to risk on bets and sticking to a set budget to avoid losing too much.
- Bet Builder
- Bet Builder is a feature that lets you combine multiple betting selections from the same match into one wager, such as goals, cards, and corners.
- Bookmaker
- Bookmaker is a company or website that sets odds and accepts bets on sports events.
- Both Teams to Score
- 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 allows you to settle a bet before the event ends, letting you either lock in a profit or cut a loss based on the current odds.
- Correct Score
- Correct Score is a bet that predicts the exact final score of a match, such as 2‑1.
- Double Chance
- Double Chance is a bet that covers two of the three possible outcomes in a match (for example, home win or draw), reducing risk.
- Draw No Bet
- Draw No Bet is a wager where you get your stake back if the match ends in a draw, effectively removing the draw option.
- Expected Value
- Expected Value is a calculation that estimates the average profit or loss you can expect from a bet over time, based on its odds and probability.
- First Goalscorer
- First Goalscorer is a bet on which player will score the very first goal in a match.
- Handicap Betting
- Handicap Betting gives one team a virtual advantage or disadvantage (like +1 goal) to even out the odds.
- In-Play Betting
- In-Play Betting, also called live betting, lets you place bets on a match while it is ongoing, with odds that update as the game progresses.
- Juice
- Juice, also known as vig, is the commission a bookmaker adds to the odds, meaning you effectively pay a small fee on each bet.
- Lay Bet
- Lay Bet is a bet that a particular outcome will not happen, such as betting against a team winning.
- Match Odds
- Match Odds are the odds offered for the three possible results of a match: home win, draw, or away win.
- Over/Under
- Over/Under is a bet on whether the total number of goals (or points) in a match will be higher or lower than a figure set by the bookmaker.
- Parlay
- Parlay is a single bet that links together two or more individual wagers, and only pays out if all of them win.
- Point Spread
- Point Spread is a handicap applied to a team’s final score to create a more balanced betting market.
- Price Boost
- Price Boost is a promotion that increases the odds on a specific selection, offering a higher potential payout.
- Prop Bet
- Prop Bet is a wager on a specific event within a match that doesn’t affect the final result, such as which player will be booked.
- Single Bet
- Single Bet is a straightforward wager on one outcome, with returns based solely on that selection.
- Stake
- Stake is the amount of money you put on a bet.
- Value Bet
- Value Bet is a bet where the odds offered are higher than the true probability of the outcome, suggesting a positive expected return.
- Void
- Void means a bet is canceled and the stake is returned, usually because the event was postponed or the market was not settled.