Knowledge Base
Glossary
Plain-English definitions for the terminology used across Fan Strategy.
- Accumulator
- Accumulator is a type of parlay where multiple selections are combined and the winnings from each selection roll over to the next.
- Asian Handicap
- Asian Handicap is a handicap betting system that eliminates the draw outcome and uses half‑goal or quarter‑goal lines to reduce the number of possible results.
- Bankroll Management
- Bankroll Management is the practice of setting aside a specific amount of money for betting and deciding how much to stake on each wager.
- Bookmaker
- Bookmaker is a company or person that sets odds and accepts bets on sporting events.
- Both Teams To Score
- Both Teams To Score is a bet on whether each side will score at least one goal during the match.
- Cash Out
- Cash Out is a feature that lets you settle a bet before the event ends, locking in a profit or limiting a loss.
- Double Chance
- Double Chance is a bet that covers two of the three possible match outcomes (win, draw, or loss) in a single wager.
- Edge
- Edge is the statistical advantage a bettor believes they have over the bookmaker’s odds.
- Free Bet
- Free Bet is a promotional credit that allows you to place a bet without using your own money, with any winnings usually paid out without the stake.
- Handicap
- Handicap is a numerical advantage or disadvantage given to a team to balance the chances of different outcomes.
- In-Play Betting
- In-Play Betting is placing bets on a match after it has started, with odds that update as the game progresses.
- Juice
- Juice is the commission or fee that a bookmaker takes from a bet, usually built into the odds.
- KYC
- KYC is the process of verifying a customer's identity and personal details to prevent fraud, money laundering, and underage gambling.
- Moneyline
- Moneyline is a bet on which team will win a match outright, with odds expressed as a positive or negative number.
- Odds
- Odds are the number that shows how much you can win relative to your stake, indicating the likelihood of an outcome.
- Over/Under
- Over/Under is a wager on whether the total number of goals (or points) in a match will be higher or lower than a set figure.
- Parlay
- Parlay is a single bet that links two or more selections, with all outcomes required to win for the bet to pay out.
- Payout
- Payout is the total amount of money you receive when a bet wins, including the original stake and the profit.
- Push
- Push is a tie result in a bet where the stake is refunded and no winner is declared.
- Responsible Gambling
- Responsible Gambling is a set of practices and tools designed to help individuals gamble safely and avoid problematic behavior.
- Spread
- Spread is a point handicap set by the bookmaker to level the playing field between two teams, requiring the favorite to win by a certain margin.
- Stake
- Stake is the amount of money you place on a bet.
- Value Bet
- Value Bet is a bet where the odds offered by the bookmaker are higher than the true probability of the outcome, suggesting a positive expected return.
- Void Bet
- Void Bet is a bet that is canceled and all money is returned, usually because the event did not occur as scheduled.
- Wagering Requirement
- Wagering Requirement is a condition that states how many times you must bet the bonus amount before you can withdraw any winnings.