Knowledge Base
Glossary
Plain-English definitions for the terminology used across Fan Strategy.
- Accumulator
- A single bet that combines two or more selections, and all must win for you to get a payout.
- Asian Handicap
- A type of bet that gives one team a half-goal or quarter-goal advantage or disadvantage to eliminate the possibility of a draw.
- Banker
- A selection that is considered very likely to win, often used to anchor more risky bets.
- Bankroll Management
- The strategy of deciding how much money to wager on each bet to avoid losing your funds quickly.
- Bet Builder
- A tool that lets you combine different outcomes from the same match, like goals and corners, into one bet.
- Both Teams To Score
- A bet on whether both teams will score at least one goal during the match.
- Cash Out
- A feature that lets you settle your bet before the match ends, locking in a profit or cutting your losses.
- Cashback
- A promotion that returns a portion of your losses as bonus money, often with conditions attached.
- Closing Line
- The final odds offered just before a match starts; getting better odds than the closing line can indicate a good bet.
- Double Chance
- A bet that covers two of the three possible results of a match, increasing your chances of winning.
- Draw No Bet
- A bet where you get your money back if the match ends in a draw, but you win if your chosen team wins.
- Dutching
- The practice of betting on multiple outcomes in the same event to guarantee a profit regardless of the result.
- Hedge
- A bet placed on the opposite outcome of an existing bet to reduce risk or lock in a guaranteed profit.
- In-Play
- Bets placed after the match has started, with odds that change as the game unfolds.
- Lay Bet
- A bet that a specific outcome will not happen, usually placed on a betting exchange.
- Matched Betting
- A method of using free bets and promotions to ensure a profit by covering all possible outcomes.
- Odds
- The numbers that show how much you can win if your bet is correct, reflecting how likely an outcome is.
- Over/Under
- A bet on whether the total number of goals (or other stats) in a match will be higher or lower than a set number.
- RTP
- The percentage of total money wagered on a game that is paid back to players over time, indicating expected return.
- Stake
- The amount of money you risk on a bet.
- Surebet
- A situation where you can bet on all possible outcomes and guarantee a profit no matter who wins.
- Value Bet
- A bet where the odds offered are higher than the true chance of the outcome, giving you an edge.
- Volatility
- A measure of how much your betting returns swing up and down over time; high volatility means bigger wins and losses.
- Wagering Requirement
- The number of times you must bet a bonus amount before you can withdraw any winnings from it.
- xG
- A metric that estimates how many goals a team should have scored based on the quality of their shots, used to predict future performance.