Knowledge Base
Glossary
Plain-English definitions for the terminology used across Fan Strategy.
- Asian Handicap
- A spread‑style bet that removes the draw option and gives a goal advantage or disadvantage to each team.
- Bankroll
- The total amount of money set aside for betting activities.
- Bet Builder
- A tool that lets you combine multiple outcomes from the same match into a single custom bet.
- Bet Slip
- The electronic record that lists your selected bets, stake, and potential payout before confirmation.
- Both Teams to Score
- A bet on whether each team will score at least one goal during the match.
- Cash Out
- A feature allowing you to settle a bet before the event ends, locking in a profit or limiting a loss.
- Closing Line
- The final odds offered just before a market closes, used to assess betting performance.
- Correct Score
- A bet on the exact final score of a match.
- Double Chance
- A wager that covers two of the three possible match outcomes (win, draw, or loss) in one bet.
- First Goal Scorer
- A wager on which player will score the first goal in a match.
- In-Play
- Bets placed after a match has started, with odds that update as the game unfolds.
- Juice
- The commission or fee a bookmaker charges on a bet, often reflected in the odds.
- Kelly Criterion
- A mathematical formula used to determine the optimal size of a bet based on your edge and odds.
- Moneyline
- A bet on which team will win the match outright, with odds shown as a positive or negative number.
- Odds
- The probability of a specific outcome expressed as a number, indicating how much you can win relative to your stake.
- Over/Under
- A bet on whether the total number of goals, points, or runs in a match will be higher or lower than a set line.
- Parlay
- A single bet that links multiple selections; all must win for the bet to pay out, increasing potential payout.
- Public Money
- The total amount of bets placed by the majority of recreational bettors, often influencing odds.
- Single Bet
- A straightforward bet on a single outcome, as opposed to a multi‑selection wager.
- Spread
- A handicap given to a team to level the betting field, often shown as a margin of points or goals.
- Stake
- The amount of money you risk on a bet.
- Steam
- Rapid movement of odds on a betting market, often caused by heavy betting action.
- Unit
- A standardized measure of bet size, usually a fraction of your bankroll used to manage risk.
- Value Bet
- A wager where the odds offered are higher than the true probability of the outcome, giving an edge.