Knowledge Base
Glossary
Plain-English definitions for the terminology used across Fan Strategy.
- Accumulator
- A single bet that links two or more individual selections; all must win for the accumulator to pay out, multiplying the odds.
- Asian Handicap
- A spread betting system that gives a goal advantage or disadvantage to teams, eliminating the draw option and leveling the matchup.
- Bankroll
- The total amount of money set aside for placing bets, used to manage how much you can safely wager.
- Bet Slip
- The electronic record that lists your selected wagers, odds, and potential return before you confirm the bet.
- Both Teams To Score
- A market where you bet on whether both sides will net 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 based on current odds.
- Closing Line
- The final odds available just before the event starts, often considered the most accurate reflection of the true probability.
- Correct Score
- A bet that requires you to predict the exact final score of a match, such as 2-1 or 3-0.
- Double Chance
- A wager that covers two of the three possible outcomes in a match (e.g., home win or draw), reducing risk.
- Draw No Bet
- A bet that refunds your stake if the match ends in a draw, paying out only if your chosen team wins.
- First Goalscorer
- A prop bet on which player will score the opening goal of the match.
- Hedging
- Placing additional bets on opposite outcomes to reduce risk or guarantee a profit regardless of the result.
- In-Play Betting
- Placing or adjusting bets after the match has started, with odds that update in real time.
- Line
- The set of odds or point spread that a bookmaker offers for a particular market.
- Margin
- The bookmaker's built-in profit margin, expressed as a percentage, which ensures they make money over the long run.
- Moneyline
- A straightforward bet on which team will win the match, with odds expressed as a positive or negative number.
- Odds
- The numerical expression of the likelihood of an outcome, determining how much you can win relative to your stake.
- Over/Under
- A bet on whether the total number of goals scored will be higher or lower than a line set by the bookmaker.
- Payout
- The total amount of money returned to you after a winning bet, including your original stake.
- Public Money
- The portion of bets placed by recreational bettors, often influencing line movement and creating opportunities for sharper bettors.
- Settlement
- The process of finalizing bets after an event, calculating wins and crediting payouts to accounts.
- Stake
- The amount of money you risk on a particular bet.
- Steam Move
- A rapid shift in odds caused by heavy betting activity on one side, signaling where the public money is flowing.
- Unit
- A standard measurement of bet size, often a fixed percentage of your bankroll, to keep wagering consistent.
- Value Bet
- A bet where the odds offered are higher than the true probability of the outcome, suggesting an edge for the bettor.
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