Knowledge Base
Glossary
Plain-English definitions for the terminology used across Fan Strategy.
- Arbitrage
- Betting on all possible outcomes of an event across different bookmakers to guarantee a profit.
- Asian Handicap
- A spread betting system that eliminates the draw option and uses quarter‑goal increments to reduce risk.
- Bankroll
- The total amount of money you have set aside for betting.
- Bet Slip
- The digital record that lists the selections, odds, and stake for a bet you plan to place.
- Bookmaker
- A company that sets odds and accepts bets on sporting events.
- Cash Out
- A feature that lets you settle a bet before the event ends, locking in a profit or limiting a loss.
- Fade
- To bet against a popular pick or a known bettor's selection, expecting it to lose.
- Futures Bet
- A wager placed on an outcome that will be decided later, like which team wins the World Cup.
- Live Betting
- Placing bets on a match while it is in progress, with odds that update as the game unfolds.
- Matched Betting
- Using free bets and promotional offers to create a risk‑free profit by covering all outcomes.
- Moneyline
- A bet that picks the outright winner of a match, with odds expressed as a positive or negative number.
- Odds
- The number that indicates how much you can win relative to your stake, also reflecting the implied probability.
- Over/Under
- A wager on whether the total number of goals in a match will be more or less than a set figure.
- Parlay
- A single bet that links two or more selections; all must win for the bet to pay out.
- Payout
- The total amount you receive when a bet wins, including your stake and profit.
- Point Spread
- A handicap applied to the favored team to level the betting field, requiring them to win by a certain margin.
- Prop Bet
- A bet on a specific event within a match, such as which player scores first, unrelated to the final result.
- Public Money
- The amount of bets placed by the majority of recreational bettors, often used to gauge market sentiment.
- Stake
- The amount of money you risk on a single bet.
- Tip
- Advice or prediction offered by an expert or service to help you select a bet.
- Unit
- A standard measure of bet size, usually a small percentage of your bankroll, used to manage risk.
- Value Bet
- A bet where the odds offered are higher than the true probability of the outcome, giving you an edge.
- Vig
- The fee a bookmaker charges for taking a bet, built into the odds and reducing the payout.