Knowledge Base
Glossary
Plain-English definitions for the terminology used across Fan Strategy.
- Accumulator
- An accumulator combines multiple selections into one bet, with all selections needing to win for a payout.
- Asian Handicap
- Asian handicap uses whole or half-goal lines to eliminate draws and give each team a +/- handicap.
- Back Bet
- Back betting is wagering that an outcome will happen, the opposite of lay betting.
- Bankroll
- Bankroll is the total amount of money set aside for betting.
- Bet Builder
- Bet Builder lets you combine different markets from the same match into a single custom wager.
- Bookmaker Margin
- Bookmaker margin is the built-in profit margin that ensures the bookmaker makes money over time.
- Both Teams to Score
- Both Teams to Score (BTTS) bets win if each side scores 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 limiting a loss.
- Decimal Odds
- Decimal odds show the total amount returned for each unit wagered, including the original stake.
- Double Chance
- Double chance allows you to cover two of the three possible match outcomes in one wager.
- Draw No Bet
- Draw No Bet removes the draw outcome, returning your stake if the match ends in a tie.
- Edge
- Edge is the statistical advantage a bettor believes they have over the bookmaker’s odds.
- Fractional Odds
- Fractional odds indicate the profit you make relative to your stake, displayed as a fraction.
- Half-Time/Full-Time
- Half-Time/Full-Time requires predicting both the score at halftime and the final result.
- In-Play
- In-Play betting allows you to place or adjust bets after a match has started.
- Juice
- Juice, also called vigorish, is the commission charged on a bet, typically reflected in the odds.
- Lay Betting
- Lay betting is wagering that an outcome will not happen, essentially acting as the bookmaker.
- Moneyline
- Moneyline betting picks the outright winner of a match without point spreads.
- Odds
- Odds represent the probability of an outcome and determine how much you can win relative to your stake.
- Over/Under
- Over/Under bets predict whether the total goals in a match will be above or below a set number.
- Parlay
- A parlay is a single bet that links two or more outcomes; all must be correct to win.
- Payout
- A payout is the total amount you receive when a bet wins, including stake and profit.
- Spread
- A spread assigns a handicap to a team to level the betting field.
- Stake
- The stake is the amount of money you risk on a bet.
- Value Bet
- A value bet occurs when the odds offered are higher than the true probability of the outcome.