Knowledge Base
Glossary
Plain-English definitions for the terminology used across Fan Strategy.
- Accumulator
- A bet that links several individual picks together, and you win only if every pick is correct.
- Asian Handicap
- A point spread that gives a team a virtual advantage or disadvantage to balance uneven matchups, often resulting in half‑goal lines.
- Bankroll Management
- The practice of deciding how much money to risk on bets and how to adjust stakes to stay within your budget.
- Bet Builder
- An online tool that lets you combine different markets from the same event into a single custom bet.
- Cash Out
- A feature that lets you settle a bet before the event ends, either locking in a profit or limiting a loss.
- Cover
- When a team’s result exceeds the point spread, making the bet on that side a winner.
- Double Chance
- A bet that covers two of the three possible outcomes (win, draw, lose) in a match, increasing your chance to win.
- Each‑Way
- A bet placed on a selection to win and also to place (usually top three), with winnings split between the two parts.
- Enhanced Odds
- Special inflated odds offered for a short period, giving you a higher potential return than the normal price.
- European Handicap
- A handicap that adds or subtracts whole goals to a team’s score, without the half‑goal options used in Asian Handicap.
- Free Bet
- A promotional token you can use to place a bet without risking your own money, but any winnings are usually retained by the bookie.
- In‑Play Betting
- Placing a bet on a match while it is currently happening, with odds that update as the game progresses.
- Kelly Criterion
- A mathematical formula that calculates the optimal fraction of your bankroll to wager based on the perceived edge.
- Lay Bet
- A bet that a particular outcome will not happen, such as betting against a team to win.
- Live Betting
- Another term for in‑play betting, where you can wager on events as they unfold in real time.
- Margin
- The built‑in profit percentage a bookmaker includes in the odds, representing the fee charged for taking your bet.
- Matched Betting
- A technique that uses free bets and promotions to guarantee a profit by covering all possible outcomes.
- Odds Comparison
- Checking the odds offered by different bookmakers to find the highest possible payout for the same bet.
- Over/Under
- A bet on whether the total number of goals, points, or other metrics will be above or below a set line.
- Parlay
- A bet that links two or more individual selections, requiring all of them to win for a payout, increasing the potential reward.
- Point Spread
- A set number of points added to a team’s final score to create a balanced betting scenario.
- Push
- A tie outcome where the bet is refunded because the result exactly matches the spread or total.
- Spread Betting
- A bet on whether a team’s performance will be better or worse than a quoted figure, with payouts based on the accuracy of the margin.
- Stake
- The amount of money you risk on a bet, which determines the size of your potential winnings.
- Value Bet
- A wager where the odds offered are higher than the true probability of the outcome, suggesting a positive expected return over time.