Knowledge Base
Glossary
Plain-English definitions for the terminology used across Fan Strategy.
- Asian Handicap
- A spread betting style that eliminates the draw outcome and gives a virtual advantage or disadvantage to each team.
- Bankroll Management
- The practice of deciding how much money to allocate to betting and how to size each stake.
- Bet Builder
- An online feature that lets you combine multiple markets from a single match into one customized wager.
- Both Teams To Score (BTTS)
- A bet on whether both sides will find the net at least once during the match.
- Cash Out
- A feature that lets you settle a bet before the event ends, locking in a profit or limiting a loss.
- Corner Count
- A market that predicts the total number of corner kicks awarded in a match.
- Correct Score
- A bet that requires you to predict the exact final score of a match.
- Double Chance
- A wager that covers two of the three possible outcomes (win, draw, win) in a single bet.
- Draw No Bet
- A bet where you win if your chosen team wins, and get your stake back if the match ends in a draw.
- First Goalscorer
- A bet on which player will score the first goal in a match.
- Goal Line
- A betting line set on the total number of goals scored in a match, similar to a point spread.
- In-Play Betting
- Placing bets on a match while it is already in progress, with odds that update as the game unfolds.
- Juice
- The commission or cut that a sportsbook takes on a bet, usually reflected in the odds.
- Kelly Criterion
- A mathematical formula used to determine the optimal size of a bet relative to your perceived edge.
- Licensed Operator
- A betting platform that holds a legal permit from a regulatory authority to accept wagers.
- Live Odds
- The constantly changing odds offered during an in‑play betting event.
- Moneyline
- A straightforward bet on which team will win the match, with odds expressed as a positive or negative number.
- Over/Under
- A bet on whether the total number of goals (or points) in a match will be higher or lower than a set line.
- Parlay
- A single bet that combines two or more selections, all of which must win for a payout.
- Round Robin
- A series of multiple small parlays that covers all possible combinations of your selected teams, increasing your chances of a return.
- Self-Exclusion
- A tool that lets you temporarily block yourself from betting on a site for a set period.
- Stake
- The amount of money you risk on a single bet.
- Unit
- A standardized amount of your bankroll used to measure the size of each bet.
- Value Bet
- A bet where the odds offered are higher than the true probability suggests, giving you an expected advantage.