Knowledge Base
Glossary
Plain-English definitions for the terminology used across Fan Strategy.
- Accumulator
- A bet that combines multiple selections into one wager, and all selections must win for the bet to pay out.
- AML
- "Anti‑Money Laundering," regulations that require betting operators to monitor and report suspicious financial activities.
- Asian Handicap
- A handicap given to teams to level the playing field, often eliminating the draw option and offering two possible outcomes.
- Bankroll
- The total amount of money a bettor sets aside for placing bets.
- Bet Builder
- A feature allowing you to combine multiple markets from a single event into one customized bet.
- Bet Slip
- The digital record on a betting site where you list your chosen selections and confirm the wager.
- Bookmaker
- A company or person that sets odds and accepts bets on sporting events.
- Cash Out
- An option to settle a bet early, either locking in a profit or minimizing a loss before the event ends.
- Double Chance
- A bet that covers two of the three possible outcomes (win, draw, loss) in a match.
- Free Bet
- A promotional offer giving you a no‑risk bet; any winnings (minus the free bet stake) are usually credited as cash.
- In-Play
- Bets placed after an event has started, with odds that update as the action unfolds.
- Juice
- The commission or cut a bookmaker takes on a bet, usually reflected in the odds.
- KYC
- "Know Your Customer," a process where betting sites verify a user's identity to prevent fraud and ensure legal compliance.
- Lay Betting
- Betting that a particular outcome will not happen, essentially acting as the bookmaker.
- Live Betting
- Another term for in‑play betting, allowing wagers on ongoing matches.
- Margin
- The bookmaker’s built‑in profit margin, expressed as a percentage of the true odds.
- Odds
- The numerical expression of how likely an outcome is, indicating the potential payout for a winning bet.
- Parlay
- A type of bet that links two or more selections; all must win for a payout, offering higher odds than single bets.
- Rollover Requirement
- A condition that requires you to wager a bonus amount a certain number of times before you can withdraw it.
- Self‑Exclusion
- A tool that lets players voluntarily block themselves from betting on a site for a set period.
- Spread
- The range of outcomes used to handicap a game, often expressed as a line set by the oddsmaker.
- Stake
- The amount of money you risk on a particular bet.
- Underdog
- The team or player expected to lose, often offering higher odds and potential payoff.
- Value Bet
- A wager where the odds offered are higher than the true probability of the outcome, suggesting an edge.