Knowledge Base
Glossary
Plain-English definitions for the terminology used across Fan Strategy.
- 1X2
- A betting market where you pick either the home win (1), draw (X), or away win (2).
- Accumulator
- A single bet that links several selections; all must win for you to get a payout.
- Arbitrage
- Betting on all possible outcomes across different bookmakers to guarantee a profit no matter the result.
- Asian Handicap
- A spread betting system that gives each team a handicap to remove the draw option.
- Bankroll
- The total money you have set aside for betting.
- Bet Builder
- A tool that lets you combine different selections from the same match into a single wager.
- Bookmaker Margin
- The built-in advantage a bookmaker includes in the odds, usually expressed as a percentage.
- Cash Out
- A feature that lets you settle a bet before the event ends, locking in a win or limiting a loss.
- Decimal Odds
- Odds expressed as a decimal that show the total payout per unit staked, including your stake.
- Deposit Limit
- A setting that caps how much money you can deposit into your account over a chosen period.
- Double Chance
- A bet that covers two of the three possible outcomes, like home win or draw (1X).
- Draw No Bet
- A market where you back a team to win; if the match ends in a draw, your stake is refunded.
- Fractional Odds
- Odds shown as a fraction, indicating how much profit you make relative to your stake.
- Free Bet
- A promotional bet you can place without using your own money, often subject to wagering rules.
- Hedge
- Placing a bet on the opposite outcome to reduce risk or lock in a profit.
- In-Play
- Betting on a match after it has started, with odds that change as the game unfolds.
- KYC (Know Your Customer)
- The process of verifying your identity to comply with regulations and protect against fraud.
- Moneyline
- A straight bet on which team will win the match, with no point spread.
- Over/Under
- A bet on whether the total number of goals or points in a match will be more or less than a set line.
- Pre-Match
- Placing a bet on a match before it begins.
- Responsible Gambling
- Guidelines and tools designed to help you bet safely and avoid problem gambling.
- Self-Exclusion
- A tool that lets you block your own account from betting for a set time or permanently.
- Stake
- The amount of money you risk on a bet.
- Value Bet
- A bet where the odds offered are higher than the true chance of the outcome, suggesting a possible edge.
- Wagering Requirement
- The number of times you must turnover a bonus or free bet before you can withdraw any winnings.