Knowledge Base
Glossary
Plain-English definitions for the terminology used across Fan Strategy.
- Asian Handicap
- A point‑spread bet that eliminates the draw by giving one team a half‑ or quarter‑goal advantage or disadvantage.
- Bankroll
- The total amount of money you have set aside for betting.
- Bonus Wagering Requirement
- The number of times you must bet a bonus before you can withdraw any winnings.
- Bookmaker
- The company or website that sets the odds and accepts bets.
- Both Teams To Score
- A bet that wins if each team scores at least one goal during the match.
- Cash Out
- The option to settle a bet before the event ends, locking in a profit or limiting a loss.
- Correct Score
- A bet that predicts the exact final score of the match.
- Double Chance
- A bet that covers two of the three possible outcomes (home win, draw, or away win) in one wager.
- Draw No Bet
- A bet where you get your stake back if the match ends in a draw, leaving only a win for one team.
- First Goal Scorer
- A bet on which player will score the first goal in the match.
- Free Bet
- A bet credited by the sportsbook that you can place without using your own money; only the winnings are returned.
- Half‑Time/Full‑Time
- A bet that requires you to predict both the result at half time and the result at full time.
- Hedging
- Placing a second bet on the opposite outcome to reduce risk or lock in a profit.
- Juice
- The extra percentage a bookmaker adds to the odds, which is their fee for taking the bet.
- Kelly Criterion
- A formula that tells you how much of your bankroll to bet when you have an edge.
- Live Betting
- Placing bets on a match while it is in progress, with odds that change as the game unfolds.
- Martingale
- A betting system that doubles your stake after each loss, hoping to recover all previous losses with one win.
- Max Bet
- The highest amount a sportsbook will allow you to wager on a specific market.
- Moneyline
- A bet on which team will win the match outright, with odds expressed as a price.
- Odds
- The numerical price that determines how much you can win relative to your stake.
- Over/Under
- A wager on whether the total number of goals scored in a match will be higher or lower than a set line.
- Parlay
- A single bet that links two or more selections; all must win for the parlay to pay out.
- Stake
- The amount of money you place on a bet.
- Tipping Service
- A service that sells or gives away expert predictions and betting advice.
- Value Bet
- A bet where the odds offered are higher than the true chance of the outcome, giving you an advantage.