Knowledge Base
Glossary
Plain-English definitions for the terminology used across Fan Strategy.
- Arbitrage
- Placing bets on all possible outcomes across different books to lock in a guaranteed profit.
- Asian Handicap
- A spread that gives one team a fractional advantage or disadvantage, removing the draw option.
- Bankroll Management
- The practice of setting a budget and staking plan to protect your funds over time.
- Bet Builder
- A tool that lets you combine different markets from the same event into a single custom bet.
- Both Teams to Score
- A wager on whether each side will find the net at least once during the match.
- Cash Out
- The option to settle a bet early for a price that is less than the full potential payout.
- Correct Score
- A wager that predicts the exact final score of a match.
- Double Chance
- A bet that covers two of the three possible results of a match, such as home win or draw.
- European Handicap
- A handicap applied to a match that still allows three possible outcomes, such as +1 for the underdog.
- Fade
- Betting against a popular pick or a known bettor, expecting the opposite outcome.
- Free Bet
- A bonus bet credited by the operator that can be used to place a wager, usually with restrictions.
- Hedge
- Placing a bet on the opposite outcome to reduce risk or secure a guaranteed profit.
- In-Play
- Betting on a match after it has started, with odds that update as the game progresses.
- Juice
- The commission a sportsbook charges on a bet, usually built into the odds.
- Line Movement
- The change in odds or point spreads caused by betting volume or other factors.
- Odds
- The number that tells you how much you can win relative to your wager.
- Over/Under
- A bet on whether a specific statistic, such as total goals, will be higher or lower than a set line.
- Parlay
- A single bet that links two or more selections; all must win for you to get a payout.
- Public Money
- The volume of bets placed by recreational bettors, often influencing line movement.
- RTP
- Return to Player, the percentage of total money wagered that a game pays back to players over time.
- Stake
- The amount of money you risk on a bet.
- Steam
- A rapid, heavy flow of bets on one side that causes odds to shift quickly.
- Value Bet
- A selection where the odds offered are higher than the true probability, giving an expected edge.
- Wagering Requirement
- The number of times you must bet a bonus amount before you can withdraw any winnings.