Knowledge Base
Glossary
Plain-English definitions for the terminology used across Fan Strategy.
- Acca
- A single bet that combines multiple selections; returns multiply across each winning leg.
- American Odds
- Odds expressed as a positive or negative number; positive shows profit on a $100 bet, negative shows amount needed to win $100.
- Asian Handicap
- A handicap system that eliminates the draw outcome and gives a split handicap to both teams.
- Bankroll
- The total amount of money set aside for placing bets.
- Bet Slip
- A digital record that lists your selected bets, stake, and potential payout before confirmation.
- Cash Out
- A feature allowing you to settle a bet before the event ends, locking in a profit or minimizing loss.
- Decimal Odds
- A way to express odds as a single number, showing total return per unit staked (e.g., 2.50).
- Fractional Odds
- Odds shown as a fraction, indicating profit relative to the stake (e.g., 3/2).
- Futures Bet
- A bet placed on the outcome of a tournament or award, usually odds set far in advance.
- Handicapping
- The process of analyzing teams and statistics to predict outcomes and find value bets.
- Hedging
- Placing bets on opposite outcomes to reduce risk or guarantee a profit regardless of the result.
- Juice (Vig)
- The commission charged by a bookmaker, built into the odds to ensure a profit.
- Live Betting
- Placing bets on a match while it is in progress, with odds that change during the game.
- Moneyline
- A bet on which team will win the match outright, with odds expressed as a positive or negative number.
- Odds Boost
- A promotion that increases the odds on a specific selection, raising potential payouts.
- Over/Under
- A bet on whether the total number of goals in a match will be higher or lower than a set line.
- Parlay
- A single bet that links two or more selections; all must win for the bet to pay out.
- Point Spread
- A handicap given to the favorite team to level the betting field, expressed as a number of goals.
- Prop Bet
- A wager on a specific event within a match, such as which player scores first.
- ROI
- Return on Investment; a measure of the profit generated relative to the amount wagered.
- Sportsbook
- A platform, either online or physical, that accepts bets on sporting events.
- Stake
- The amount of money you risk on a single bet.
- Value Bet
- A bet where the perceived probability of an outcome is higher than the bookmaker’s odds suggest.
- Welcome Bonus
- A promotional offer for new users, often matching a first deposit or providing free bets.