Knowledge Base
Glossary
Plain-English definitions for the terminology used across Fan Strategy.
- Asian Handicap
- Asian Handicap gives a team a virtual advantage or disadvantage to eliminate the draw option and balance the odds.
- Bankroll
- Bankroll is the total amount of money you have set aside for betting, separate from everyday expenses.
- Bet Builder
- Bet Builder is a feature that lets you combine multiple outcomes from the same match into a single customized wager.
- Both Teams to Score
- Both Teams to Score is a bet on whether each side will net at least one goal during the match.
- Cash Out
- Cash Out lets you settle a bet before the event ends, locking in a profit or minimizing a loss based on current odds.
- Cover
- Cover means a team wins by more than the point spread, satisfying the condition of a spread bet.
- Double Chance
- Double Chance covers two of the three possible outcomes in a match, increasing your chance of winning.
- Draw No Bet
- Draw No Bet removes the draw option, so you win if your chosen team wins, and get your stake back if it ends in a draw.
- Edge
- Edge is the statistical advantage a bettor believes they have over the bookmaker's odds.
- Expected Value
- Expected Value estimates the average amount you can expect to win or lose per bet over the long run.
- In-Play Betting
- In-Play Betting allows you to place wagers on a match while it is already in progress, with odds updating live.
- Juice
- Juice, also called vig, is the commission a bookmaker charges for taking a bet, built into the odds.
- Kelly Criterion
- Kelly Criterion is a formula that calculates the optimal fraction of your bankroll to wager for maximum long‑term growth.
- Line
- The line is the set of odds or point spread offered for a particular betting market.
- Market
- A market is a specific betting option, such as the winner of a match or the total number of goals.
- Moneyline
- A Moneyline bet is a straightforward wager on which team will win a match, with odds reflecting each team's chances.
- Odds
- Odds represent the likelihood of an outcome and determine how much you can win relative to your stake.
- Over/Under
- Over/Under bets predict whether the total number of goals scored in a match will be higher or lower than a set number.
- Parlay
- A Parlay combines multiple selections into a single bet, and all selections must win for the bet to pay out.
- Point Spread
- Point Spread is a handicap applied to the favored team to make both teams equally attractive for betting.
- Push
- A push happens when the result lands exactly on the line, resulting in all stakes being returned.
- Stake
- The stake is the amount of money you risk on a bet.
- Unit
- A unit is a standard measurement of the size of a bet, usually a fixed percentage of your bankroll.
- Value Bet
- A value bet occurs when the odds offered by a bookmaker are higher than the true probability of the outcome.