Knowledge Base
Glossary
Plain-English definitions for the terminology used across Fan Strategy.
- Asian Handicap
- Asian Handicap splits the handicap into two bets, eliminating the draw option and reducing the number of possible outcomes.
- Bankroll
- Bankroll is the total amount of money you have set aside for placing bets.
- Bet Builder
- Bet Builder is an online feature that lets you combine multiple markets from a single match into one customized wager.
- Both Teams to Score
- Both Teams to Score is a wager on whether each side will score at least one goal during the match.
- Cash Out
- Cash Out gives you the option to settle a bet early for a reduced payout, locking in a profit or minimizing a loss before the event ends.
- Double Chance
- Double Chance covers two of the three possible outcomes in a match (e.g., home win or draw), increasing your chance to win.
- Edge
- Edge is the advantage you believe you have over the bookmaker's odds, often calculated as the difference between your estimated probability and the implied odds.
- Free Bet
- Free Bet is a promotional credit you can use to place a bet without risking your own money, and any winnings are usually returned minus the free bet stake.
- In-Play Betting
- In-Play Betting allows you to place wagers on a match after it has started, with odds that update as the game progresses.
- Juice
- Juice is the commission the bookmaker takes on a bet, usually reflected in the odds as a small adjustment.
- KYC
- KYC stands for Know Your Customer, a process where the betting site verifies your identity to prevent fraud and ensure legal compliance.
- Market
- Market refers to a specific betting event or option you can wager on, such as match result, total goals, or player performance.
- Moneyline
- Moneyline is a bet on which team will win the match, with odds expressed as a positive or negative number.
- Odds
- Odds indicate how much you can win for each unit you wager, and they also show how likely a particular outcome is according to the bookmaker.
- Over/Under
- Over/Under is a bet on whether the total number of goals (or points) in a match will be higher or lower than a set line.
- Parlay
- Parlay combines multiple selections into a single bet, and all selections must win for the bet to pay out.
- Prop Bet
- Prop Bet is a wager on a specific event within a match, such as which player scores first, separate from the final result.
- Self-Exclusion
- Self-Exclusion is a tool that lets you temporarily or permanently block your own account from betting, helping you control gambling behavior.
- Spread
- Spread, also called point spread, is a handicap given to the underdog to level the betting field.
- Stake
- Stake is the amount of money you risk on a single bet.
- Unit
- Unit is a standard measure of bet size, often a fixed percentage of your bankroll, used to manage risk.
- Value Bet
- Value Bet occurs when the odds offered by a bookmaker are higher than the true probability of the outcome, suggesting a positive expected return.
- Wagering Requirement
- Wagering Requirement is the number of times you must bet a bonus amount before you can withdraw any related winnings.
- Yield
- Yield measures the net profit (or loss) from your bets relative to the total amount wagered, expressed as a percentage.