Knowledge Base
Glossary
Plain-English definitions for the terminology used across Fan Strategy.
- Accumulator
- Accumulator – a bet that combines multiple selections into one wager; all must win for the bet to pay out.
- Asian Handicap
- Asian Handicap – a handicap given to teams to level the playing field, eliminating the draw option.
- Bankroll
- Bankroll – the total amount of money a bettor sets aside for placing bets.
- Bet Builder
- Bet Builder – a feature that lets you combine different markets from a single match into one custom bet.
- Bonus
- Bonus – extra funds credited by a sportsbook, often subject to conditions before withdrawal.
- Cash Out
- Cash Out – an option to settle a bet before the event ends, locking in a profit or limiting a loss.
- Double Chance
- Double Chance – a bet that covers two of the three possible outcomes of a match in one wager.
- Draw No 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.
- Each-Way
- Each-Way – a two-part bet consisting of a win bet and a place bet; the place portion pays if the selection finishes within a set number of places.
- Expected Goals (xG)
- Expected Goals (xG) – a metric that estimates how many goals a team or player should score based on the quality of their shots.
- First Goalscorer
- First Goalscorer – a bet on which player will score the first goal in a match.
- Form Guide
- Form Guide – a record of a team's recent results used to assess current performance.
- Free Bet
- Free Bet – a promotional bet that lets you wager without using your own money; any winnings are usually returned without the stake.
- Handicap
- Handicap – a points or goals adjustment applied to a team to create balanced odds for betting.
- In-Play
- In-Play – betting on a match after it has started, with odds that update as the game unfolds.
- Kelly Criterion
- Kelly Criterion – a formula used to determine the optimal size of a bet based on perceived edge and odds.
- Lineup
- Lineup – the list of players who will start the match, often used to gauge team tactics and impact.
- Moneyline
- Moneyline – a straightforward bet on which team will win the match, with odds expressed as positive or negative numbers.
- Over/Under
- Over/Under – a bet on whether a specific statistic (such as total goals) will be higher or lower than a set line.
- Parlay
- Parlay – another term for an accumulator; a series of selections combined into one bet that pays only if all parts win.
- Self-Exclusion
- Self-Exclusion – a tool that allows you to temporarily block yourself from betting on the platform.
- Stake
- Stake – the amount of money you risk on a particular bet.
- Value Bet
- Value Bet – a bet where the odds offered are higher than the true probability of the outcome, indicating a potential edge.
- VAR
- VAR – Video Assistant Referee; technology used to assist the main referee with decisions such as goals, red cards, and penalties.
- Wagering Requirement
- Wagering Requirement – the number of times a bonus must be bet before it can be withdrawn.