Knowledge Base
Glossary
Plain-English definitions for the terminology used across Fan Strategy.
- Arbitrage
- Arbitrage, or ‘arbing’, exploits differing odds across bookmakers to guarantee a profit regardless of the result.
- Asian Handicap
- Asian Handicap gives one team a fractional goal advantage or disadvantage to eliminate the draw option and equalize odds.
- Bankroll
- Bankroll is the total amount of money you have set aside for betting.
- Bonus
- A bonus is extra funds or credits added to your account, often subject to terms and conditions.
- Bookmaker Margin
- Bookmaker margin is the built-in profit margin that ensures the bookmaker makes money regardless of the outcome.
- Cash Out
- Cash out allows you to settle a bet before the event ends, locking in a profit or limiting a loss.
- Dutching
- Dutching spreads your stake across multiple outcomes in the same event to guarantee a profit if all selected outcomes win.
- Edge
- Edge refers to a bettor’s perceived advantage over the bookmaker, often based on superior information or analysis.
- Expected Value
- Expected value estimates the average amount you can expect to win or lose per bet over the long run.
- Free Bet
- A free bet is a promotional credit you can use to place a wager without risking your own money.
- Hedge
- Hedging involves placing an additional bet to reduce risk or lock in a profit on an existing wager.
- Kelly Criterion
- Kelly Criterion is a mathematical formula used to determine the optimal size of a bet based on your edge and odds.
- Live Betting
- Live betting lets you place wagers on a match while it is in progress, with odds that update in real time.
- Moneyline
- A moneyline bet is a straight win-or-lose wager on which team will win the match.
- Odds
- Odds represent the probability of an outcome and determine how much you can win relative to your stake.
- Over/Under
- Over/Under bets predict whether the total number of points, goals, or other metrics will be above or below a set line.
- Parlay
- A parlay combines multiple selections into a single bet, and all selections must win for the bet to pay out.
- Rollover
- Rollover is the total amount you must wager before a bonus or deposit can be cashed out.
- Self-Exclusion
- Self-exclusion is a voluntary option to restrict your account access for a set period if you need a break from betting.
- Spread
- The spread is a handicap applied to a team to create balanced betting action on both sides.
- Stake
- The stake is the amount of money you risk on a particular bet.
- Unit
- A unit is a standard measurement of bet size, often representing a small percentage of your bankroll.
- Value Bet
- A value bet occurs when the odds offered by a bookmaker are higher than the true probability of the outcome.
- Wagering Requirement
- A wagering requirement specifies how many times you must bet a bonus before you can withdraw any winnings.
- Yield
- Yield measures the net profit or loss from betting relative to the total amount wagered, expressed as a percentage.