Knowledge Base
Glossary
Plain-English definitions for the terminology used across Fan Strategy.
- Accumulator
- A parlay where multiple selections are linked and the winnings from each selection roll over to the next.
- American Odds
- A format using positive or negative numbers, e.g., +200 means a $100 bet wins $200, while -150 means you must bet $150 to win $100.
- Asian Handicap
- A spread betting system that removes the draw by giving half‑goal or quarter‑goal advantages to each team.
- Bankroll
- The total amount of money set aside for placing bets.
- Bet Builder
- A tool that lets you combine several markets from the same match into one customized wager.
- Both Teams to Score (BTTS)
- A market where you bet on whether both sides will score at least one goal during the match.
- Cash Out
- A feature allowing you to settle a bet before the event ends, locking in a profit or limiting a loss.
- Decimal Odds
- A format that displays odds as a single number, e.g., 2.50, where the total payout includes the original stake.
- Double Chance
- A bet that covers two of the three possible outcomes (win, draw, lose) in a single match.
- Draw No Bet
- A bet that refunds your stake if the match ends in a draw, and pays out if your chosen team wins.
- Edge
- The statistical advantage a bettor has over the bookmaker, often expressed as a percentage.
- Fractional Odds
- A traditional format shown as a fraction, e.g., 5/1, indicating how much profit you make per unit staked.
- Free Bet
- A promotional bet credited to your account that you can use without risking your own money.
- In-Play
- Bets placed after the match has started, with odds that change as the game progresses.
- Live Betting
- The same as In‑Play; placing wagers on events while they are happening.
- Moneyline
- A bet on which team will win the match, with odds adjusted to reflect each team’s chances.
- Odds
- The numbers that show how likely an event is and how much you can win if your bet succeeds.
- Over/Under
- A wager on whether the total number of points, goals, or other stats in a game will be higher or lower than a set line.
- Parlay
- A single bet that combines two or more selections; all must win for the bet to pay out.
- Point Spread
- A handicap given to the underdog to create a more balanced betting scenario, expressed as a number of points.
- Provably Fair
- A system that uses cryptographic methods to prove that a bet’s outcome was not manipulated.
- RTP
- The percentage of total money wagered on a game that is returned to players over time, indicating the game’s payout rate.
- Stake
- The money you risk on a bet, which is lost if the bet does not win.
- Value Bet
- A bet where the odds offered are higher than the true probability of the outcome, giving the bettor an edge.
- Wagering Requirement
- The number of times you must bet a bonus amount before you can withdraw any winnings from it.