Knowledge Base
Glossary
Plain-English definitions for the terminology used across Fan Strategy.
- Accumulator
- An accumulator is a single bet that links multiple selections; all must win for you to get a return.
- Arbitrage
- Arbitrage (or arbing) is exploiting differences in odds across bookmakers to guarantee a profit regardless of the result.
- Asian Handicap
- Asian Handicap gives a handicap to each team to level the playing field, eliminating the draw option.
- Bankroll
- Bankroll is the total amount of money you have set aside for placing bets.
- Bet Builder
- Bet Builder lets you combine different markets from the same match into one personalized wager.
- Bookmaker
- A bookmaker is a company that sets odds and accepts bets on sporting events.
- Both Teams to Score
- Both Teams to Score is a wager that both sides will find the net at least once in the match.
- Cash out
- Cash out lets you settle a bet before the event ends, locking in a profit or limiting a loss.
- Draw No Bet
- Draw No Bet removes the draw outcome, refunding 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.
- Free Bet
- A free bet is a credit given by a sportsbook that can be used to place a bet without using your own money.
- In-play betting
- In-play betting allows you to place or change bets after a match has started.
- Juice
- Juice, also called vig, is the commission a bookmaker adds to the odds, ensuring a built-in profit.
- Kelly Criterion
- Kelly Criterion is a formula used to determine the optimal size of a bet relative to your perceived edge.
- KYC
- KYC stands for Know Your Customer, a verification process to confirm your identity and prevent fraud.
- Lay Bet
- A lay bet is a wager that an outcome will not happen, essentially acting as the bookmaker.
- Matched Betting
- Matched Betting uses free bets and lay bets to create a risk‑free profit by covering all possible outcomes.
- Odds
- Odds represent the likelihood of a specific outcome and determine how much you can win relative to your stake.
- Over/Under
- Over/Under is a bet on whether a specific statistic (like total goals) will be above or below a set number.
- Payout
- Payout is the total amount you receive when a bet wins, including your original stake plus any profit.
- Responsible Gambling
- Responsible Gambling refers to practices and tools that help you stay in control of your betting activity.
- Self‑Exclusion
- Self‑Exclusion allows you to voluntarily block yourself from betting on a site for a set period.
- Stake
- Stake is the amount of money you wager on a bet.
- Value Bet
- A value bet occurs when the odds offered by a bookmaker are higher than the true probability of the outcome.
- Wagering Requirement
- Wagering Requirement is the total amount you must bet before bonus funds can be withdrawn.