Knowledge Base
Glossary
Plain-English definitions for the terminology used across Fan Strategy.
- Asian Handicap
- A handicap bet that gives one team a fractional or whole goal advantage or disadvantage to eliminate the draw outcome.
- Bankroll
- The total amount of money you have set aside for placing bets.
- Bet Builder
- An online tool that lets you combine different markets from a single match into one custom bet.
- Cash Out
- A feature that allows you to settle a bet before the event ends, locking in a profit or limiting a loss.
- Cashback
- A promotion that returns a percentage of your losses over a set period, softening the blow of a losing streak.
- Double Chance
- A bet that covers two of the three possible outcomes of a match, increasing your chances of winning.
- Draw No Bet
- A bet that refunds your stake if the match ends in a draw, so you only lose if the other team wins.
- Each Way
- A bet that includes both a win and a place selection, paying out if your selection wins or finishes near the top.
- First Goalscorer
- A bet on which player will score the first goal in a match.
- Handicap
- A betting line that gives one team a virtual advantage or disadvantage to create more balanced odds.
- In-Play
- Betting on a match while it is already in progress, with odds that update as the game unfolds.
- Juice
- The commission or fee that a bookmaker includes in the odds, representing their profit margin.
- Kelly Criterion
- A mathematical formula that calculates the optimal amount to bet based on your perceived edge.
- Margin
- The built-in advantage that a bookmaker has in a market, often expressed as a percentage.
- Moneyline
- A bet on which team will win the match outright, with odds reflecting each team's chance.
- Odds
- The numerical value that indicates the likelihood of an outcome and determines how much you can win.
- Over/Under
- A bet on whether the total number of goals in a match will be over or under a specified number.
- Parlay
- A single bet that links two or more selections; all must win for a payout, offering higher odds than individual bets.
- Payout
- The total amount of money returned to you after a winning bet, including your original stake.
- Price Boost
- A promotion that increases the odds for a specific selection, giving you a higher potential profit.
- Risk-Free Bet
- A bet that refunds your stake if it loses, usually up to a certain amount, allowing you to bet without risking your own money.
- Same Game Parlay
- A parlay that combines multiple betting markets from a single sporting event, all within one game.
- Stake
- The amount of money you place on a bet.
- Value Bet
- A bet where the odds offered are higher than the true probability of the outcome, suggesting a potential edge.
- Wagering Requirement
- A condition that requires you to bet a certain amount before bonus funds can be withdrawn.