Knowledge Base
Glossary
Plain-English definitions for the terminology used across Fan Strategy.
- Accumulator
- A bet that combines multiple selections into one wager; all must win for the bet to pay out.
- Asian Handicap
- A spread betting method that gives a virtual advantage or disadvantage to a team to level the match.
- Bankroll Management
- The practice of deciding how much money to risk on each bet to stay within budget.
- Bet Builder
- An online tool that lets you combine different markets from a single match into one custom bet.
- Bet Slip
- The electronic record on the site that lists the selections, odds, and stake for a wager you intend to place.
- Cash Out
- A feature that lets you settle a bet before the event ends, locking in a profit or limiting a loss.
- Deposit Limit
- A tool that allows you to cap the amount of money you can deposit into your account over a chosen period.
- Double Chance
- A bet that covers two of the three possible outcomes of a match in one wager.
- Each-Way
- A two-part bet where you back a team to win and also to place, splitting the stake between win and place.
- Enhanced Odds
- Promotional odds that are higher than the standard market price, offered for a limited time.
- Free Bet
- A promotional credit that can be used to place a bet without risking your own money, winnings usually withdrawn after wagering.
- In-Play Betting
- Placing bets on a match while it is already in progress, with odds that update during the game.
- KYC
- "Know Your Customer" process that verifies your identity and prevents fraud, required before certain withdrawals.
- Lay Bet
- A bet that a particular outcome will NOT happen, typically used on betting exchanges.
- Margin
- The built-in profit margin a bookmaker includes in the odds, expressed as a percentage of the true probability.
- Maximum Payout
- The highest amount a bookmaker will pay out on a single bet, regardless of the actual winnings.
- Odds Format
- The style in which betting odds are displayed, such as decimal, fractional, or moneyline.
- Parlay
- A single bet that links several selections together, requiring all to win for a payout.
- Push
- A tie result in a bet where the stake is returned because the outcome matched the line exactly.
- Self-Exclusion
- A voluntary program that lets you block yourself from betting on the platform for a set period.
- Stake
- The amount of money you place on a bet.
- Surebet
- A situation where the odds across different bookmakers guarantee a profit regardless of the result.
- Unit
- A standardized measurement of the size of a bet, often used to compare performance across many wagers.
- Value Bet
- A wager where the odds offered are higher than the true probability of the outcome, indicating potential edge.