Knowledge Base
Glossary
Plain-English definitions for the terminology used across Fan Strategy.
- Accumulator
- Accumulator is a type of parlay where you chain several selections together and the winnings from each bet roll onto the next.
- Asian Handicap
- Asian handicap gives a fractional goal advantage to the underdog, eliminating the draw option and providing two possible outcomes.
- Bankroll Management
- Bankroll management is the practice of setting a budget for betting and only wagering a small percentage of it at a time.
- Both Teams to Score (BTTS)
- Both Teams to Score is a bet on whether each side will find the net at least once during the match.
- Cash Out
- Cash out allows you to settle a bet before the event ends, either to secure a profit or cut a loss.
- Closing Line
- Closing line is the final set of odds offered before a match starts, used to evaluate the quality of a bet.
- Correct Score
- Correct score is a bet on the exact final score of a match, offering higher odds due to its difficulty.
- Double Chance
- Double chance covers two of the three possible match results in one bet, increasing your chances of winning.
- First Goal Scorer
- First goal scorer is a prop bet predicting which player will net the opening goal of the match.
- Free Bet
- Free bet is a promotional credit you can use to place a bet without risking your own money, winnings are usually returned minus the free stake.
- Hedge
- Hedge is placing a bet on the opposite outcome to reduce risk or lock in a profit after an original bet.
- Juice
- Juice is the commission a bookmaker takes, built into the odds so the house makes a profit.
- KYC
- KYC is the process of verifying your identity and age to comply with legal regulations and prevent fraudulent activity.
- Live Betting
- Live betting lets you place bets on a match while it is in progress, with odds that update as the game unfolds.
- Moneyline
- Moneyline is a bet on which team will win a match, with payouts based on the assigned odds for each side.
- Odds
- Odds represent the probability of a specific outcome happening and determine how much you can win relative to your stake.
- Outright Winner
- Outright winner is a bet on which team will win a tournament, league, or group stage, rather than a single match.
- Over/Under
- Over/Under is a bet on whether the total number of goals scored in a match will be more or less than a set figure.
- Parlay
- Parlay combines multiple bets into one, requiring all selections to win for a payout, which increases potential returns.
- Point Spread
- Point spread is a handicap given to the underdog to level the betting field, requiring the favorite to win by a certain margin.
- Prop Bet
- Prop bet is a wager on a specific event within a match, such as which player scores first or how many cards are shown.
- Stake
- Stake is the amount of money you put on a bet, which determines your potential payout if the bet wins.
- Value Bet
- Value bet occurs when the odds offered by a bookmaker are higher than the true probability of the outcome.
- Wagering Requirement
- Wagering requirement is the number of times you must bet a bonus amount before you can withdraw any winnings from it.