Knowledge Base
Glossary
Plain-English definitions for the terminology used across Fan Strategy.
- Arbitrage
- Arbitrage is a strategy that exploits differing odds across bookmakers to guarantee a profit regardless of the outcome.
- Asian Handicap
- Asian Handicap is a split-line spread that reduces the possible outcomes to two, offering a safer alternative to a standard spread.
- Bankroll
- Bankroll is the total amount of money you have set aside for betting, separate from your everyday finances.
- Bet Builder
- Bet Builder allows you to create a personalized bet by combining different markets from the same match into one slip.
- Both Teams To Score
- Both Teams To Score is a bet 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 before the event ends, locking in a profit or limiting a loss.
- Closing Line
- Closing Line is the final set of odds offered just before a match starts, considered the most accurate reflection of market opinion.
- Correct Score
- Correct Score is a bet that predicts the exact final score of a match, offering higher odds for harder predictions.
- Double Chance
- Double Chance lets you cover two of the three possible outcomes in one wager, increasing your chance of winning.
- Draw No Bet
- Draw No Bet removes the draw outcome, letting you pick a winner; if the match ends in a draw you get your stake back.
- Edge
- Edge is the statistical advantage you have over the bookmaker, usually gained through better information or analysis.
- Handicapping
- Handicapping is the process of analyzing teams and match conditions to estimate the likely outcome and find betting value.
- Juice
- Juice is the commission or fee that a bookmaker adds to the odds, reflected in the difference between the true odds and the offered odds.
- Line Movement
- Line Movement refers to how the odds or point spread change over time due to betting activity and new information.
- Live Betting
- Live Betting lets you place bets on a match while it is in progress, with odds that update as the game unfolds.
- Moneyline
- Moneyline is a bet on which team will win the match, with odds expressed as a positive or negative number.
- Odds
- Odds represent the likelihood of a specific outcome and determine how much you can win if your prediction is correct.
- Over/Under
- Over/Under is a bet on whether the total number of goals in a match will be higher or lower than a set figure.
- Parlay
- Parlay combines multiple selections into a single bet, so all choices must win for the wager to pay out.
- Spread
- Spread is a point handicap that evens the chances for both teams, requiring the favorite to win by a set margin.
- Stake
- Stake is the amount of money you risk on a bet, which determines your potential payout if the bet wins.
- Steam
- Steam describes a rapid shift in odds when a large amount of money is placed on one side, often signaling sharp action.
- Unit
- Unit is a standard measurement of bet size, often representing a small percentage of your bankroll to manage risk.
- Value Bet
- Value Bet occurs when the odds offered by a bookmaker are higher than the true probability of the outcome, giving you an edge.