Knowledge Base
Glossary
Plain-English definitions for the terminology used across Fan Strategy.
- Accumulator
- A bet that combines multiple selections into one wager, with winnings rolling over from each win.
- Arbitrage
- Exploiting differing odds across sportsbooks to guarantee a profit regardless of the result.
- Asian handicap
- A handicap system that eliminates draws and provides a half‑goal or quarter‑goal advantage to one team.
- Bankroll
- The total amount of money you have set aside for betting activities.
- Bonus
- Extra funds or free bets offered by a sportsbook, often subject to conditions.
- Cash out
- A feature allowing you to settle a bet before the event ends, locking in a profit or loss.
- Cover
- When a team beats the point spread, they are said to have covered the spread.
- Double chance
- A bet that covers two of the three possible match outcomes, such as win or draw, increasing your chances of winning.
- Free bet
- A bet credited to your account that you can use without risking your own money.
- Futures
- A bet placed on an event that will be decided in the future, such as the winner of the World Cup.
- Handicap
- A numerical advantage given to one team to balance the chances of winning a bet.
- Hedge
- Placing a second bet on the opposite outcome to reduce risk or guarantee a profit.
- Juice
- The commission that sportsbooks charge on a bet, usually built into the odds.
- Live betting
- Placing bets on a match while it is in progress, with odds that update in real time.
- Moneyline
- A bet on which team will win the match, with odds expressed as a positive or negative number.
- Odds
- The likelihood of an outcome expressed as numbers that determine how much you can win.
- Over/Under
- A bet on whether the total combined score of a match will be higher or lower than a set number.
- Parlay
- A single bet that links multiple selections; all must win for the parlay to pay out.
- Prop bet
- A wager on a specific outcome within a match, like which player scores first or how many yellow cards occur.
- Push
- A tie result where the bet is neither won nor lost, and the stake is returned.
- Spread
- The point advantage or deficit assigned to a team to equalize the betting odds.
- Stake
- The amount of money you risk on a single bet.
- Value bet
- A bet where the odds offered are higher than the true probability of the outcome, giving an edge.
- Wagering requirement
- The number of times you must bet a bonus amount before you can withdraw any winnings.