Knowledge Base
Glossary
Plain-English definitions for the terminology used across Fan Strategy.
- Accumulator
- An accumulator is a type of parlay where the winnings from each winning selection roll over onto the next.
- Asian Handicap
- Asian Handicap gives a team a positive or negative goal start to balance uneven matchups, eliminating the draw option.
- Bankroll
- Bankroll is the total amount of money you have set aside for betting.
- Bet Builder
- Bet Builder is a feature that lets you combine multiple markets from the same match into a single wager.
- Bookmaker
- A bookmaker is a company that sets odds and accepts bets on sporting events.
- Cash Out
- Cash Out lets you settle a bet before the event ends, locking in a profit or cutting a loss.
- Free Bet
- A free bet is a token issued by a sportsbook that lets you place a wager without using your own money.
- House Edge
- House edge is the mathematical advantage the sportsbook holds in a market, ensuring profitability over many bets.
- In-Play
- In-Play refers to bets placed after an event has started, with odds that update as the action unfolds.
- Kelly Criterion
- Kelly Criterion is a formula that calculates the optimal size of a bet based on your edge and odds.
- Live Betting
- Live Betting is the same as In-Play, allowing you to wager on a match while it is happening.
- Margin
- Margin is the bookmaker’s built‑in advantage, expressed as a percentage, which ensures they profit over the long term.
- Market Movement
- Market movement is the change in odds or line values as more bets are placed or new information emerges.
- Odds
- Odds indicate how likely a particular outcome is and determine how much you can win relative to your stake.
- Over/Under
- Over/Under is a bet on whether the total number of points or goals in a match will be higher or lower than a set line.
- Parlay
- Parlay is a single bet that links two or more selections; all must win for the bet to pay out.
- Payout
- Payout is the total amount you receive when a bet wins, usually including your original stake.
- RTP
- RTP stands for Return to Player, indicating the percentage of total bets a game pays back to players over time.
- Soft Book
- A soft book is a bookmaker with relatively generous odds and fewer restrictions, often targeted at recreational bettors.
- Stake
- Stake is the amount of money you risk on a bet.
- Steam
- Steam describes rapid, significant line movement caused by heavy betting action from informed bettors.
- Value Bet
- A value bet is a wager where the odds offered are higher than the true probability of the outcome, giving you an edge.
- Void
- Void means a bet is cancelled and all stakes are returned, usually due to a match being postponed or a rule violation.
- Wagering Requirement
- A wagering requirement is the number of times you must bet a bonus before you can withdraw any winnings.