Knowledge Base
Glossary
Plain-English definitions for the terminology used across Fan Strategy.
- Accumulator
- An accumulator links several outcomes together, requiring each to win for the bet to pay out, multiplying the potential profit.
- Arbitrage Betting
- Arbitrage betting exploits differences in odds across bookmakers, placing opposing bets on all possible outcomes to guarantee a profit.
- Asian Handicap
- Asian handicap uses half‑ and quarter‑goal lines to eliminate draws, giving each team a +/- handicap for balanced odds.
- Bankroll
- Your bankroll is the total amount of money set aside for betting, which you manage to sustain long‑term activity.
- Bet Builder
- Bet Builder is a feature that lets you combine multiple markets from a single match into one personalized wager.
- Bet Slip
- A bet slip is the electronic record that lists your selected wagers, stake amounts, and potential returns before you confirm.
- Cash Out
- Cash out allows you to settle a bet early for a reduced payout, locking in profit or limiting loss before the event ends.
- Dutching
- Dutching splits your stake across multiple outcomes in the same event so that whatever result occurs, you receive a guaranteed return.
- Free Bet
- A free bet is a token provided by the sportsbook that lets you wager without using your own funds, with winnings usually returned minus the free bet stake.
- Hedge Bet
- A hedge bet is placed on the opposite outcome of an existing wager to secure a profit or reduce potential loss.
- Juice
- Juice, also called vig, is the commission a bookmaker charges on a bet, built into the odds to ensure the house edge.
- Kelly Criterion
- The Kelly Criterion is a mathematical formula that calculates the optimal size of a bet to maximize long‑term growth while minimizing risk.
- Live Betting
- Live betting lets you place or adjust bets while a match is in progress, with odds that shift as the game unfolds.
- Moneyline
- A moneyline bet is a straightforward wager on which team or player will win a match, with odds reflecting the outright winner.
- Odds
- Odds represent the likelihood of an outcome and determine how much you can win relative to your stake.
- Over/Under
- Over/Under bets predict whether the total number of goals in a match will be above or below a line set by the sportsbook.
- Parlay
- A parlay combines multiple selections into one bet, and all must win for a payout, offering higher returns than single bets.
- Price Boost
- A price boost is a promotion that increases the odds on a specific selection, offering more potential profit for the same stake.
- Public Money
- Public money refers to the volume of bets placed by casual bettors; tracking it can show where the crowd is leaning.
- Spread Betting
- Spread betting assigns a point handicap to each team; you win if your chosen team covers the margin set by the bookmaker.
- Stake
- The stake is the sum of money you risk on a particular bet; it determines the size of your potential win or loss.
- Steam Move
- A steam move describes a rapid shift in odds, often caused by heavy betting activity, indicating where the majority of money is flowing.
- Value Bet
- A value bet occurs when the odds offered by a bookmaker are higher than the true probability of the outcome, giving you an edge.
- Wagering Requirement
- A wagering requirement specifies how many times you must bet a bonus amount before any associated winnings can be withdrawn.