Knowledge Base
Glossary
Plain-English definitions for the terminology used across Fan Strategy.
- Accumulator
- An Accumulator links several selections; the payout grows with each winning leg, but one loss loses the whole bet.
- American Odds
- American Odds use a plus or minus system to indicate how much you win on a $100 bet or how much you must stake.
- Asian Handicap
- Asian Handicap gives a fictional advantage or disadvantage to teams to level the playing field, eliminating the draw option.
- Back Bet
- A Back Bet is a wager that an outcome will happen, like betting for a team to win.
- Bankroll Management
- Bankroll Management means setting a budget for betting and sticking to it to avoid spending more than you can afford.
- Bet Slip
- A Bet Slip is the digital record that lists your chosen bets, stake, and potential payout before confirmation.
- Bookmaker Margin
- Bookmaker Margin is the built-in advantage a bookmaker includes in the odds, ensuring a profit over the long term.
- Cash Out
- Cash Out allows you to settle a bet before the event ends, locking in a profit or limiting a loss.
- Decimal Odds
- Decimal Odds show the total return per unit staked, including the original stake, for easier quick calculations.
- Fractional Odds
- Fractional Odds display the profit relative to the stake, expressed as a fraction.
- Free Bet
- A Free Bet is a token you can use to place a wager without risking your own money, with any win usually returned.
- In-Play Betting
- In-Play Betting lets you place bets on a match while it is happening, with odds that update live.
- KYC
- KYC (Know Your Customer) is the process of verifying a bettor’s identity to prevent fraud and ensure legal compliance.
- Lay Bet
- A Lay Bet is a wager that an outcome will not happen, such as betting against a team winning.
- Matched Betting
- Matched Betting uses free bets and lay bets to turn bonus offers into guaranteed cash.
- Moneyline
- Moneyline is a bet on which team will win a match, with odds expressed as a positive or negative number.
- Odds Format
- Odds Format is the way odds are displayed—decimal, fractional, or American—affecting how you calculate potential payouts.
- Over/Under
- Over/Under bets predict whether the total number of goals in a match will be more or less than a set number.
- Parlay
- A parlay combines multiple selections into one bet, and all selections must win for the payout.
- RTP
- Return to Player (RTP) indicates the percentage of total bets a game returns to players over time.
- Surebet
- A Surebet (or arbitrage) is a situation where you bet on all possible outcomes and guarantee a profit regardless of the result.
- Unit Size
- Unit Size is the standard amount of money you wager per bet, usually a small percentage of your total bankroll.
- Value Bet
- A Value Bet occurs when the odds offered by a bookmaker are higher than the true probability of the outcome.
- Volatility
- Volatility measures how often and how much a game can pay out; high volatility means bigger but rarer wins.
- Wagering Requirement
- A wagering requirement sets how many times you must bet a bonus before you can withdraw any winnings.