Knowledge Base
Glossary
Plain-English definitions for the terminology used across Fan Strategy.
- Accumulator
- Accumulator is a bet that combines multiple selections into one wager; each selection must win for a return.
- Arbitrage
- Arbitrage is a betting strategy that exploits differing odds across bookmakers to guarantee a profit regardless of outcome.
- Banker
- Banker is a selection in a parlay that is considered highly likely to win, often used to boost the payout.
- Bankroll
- Bankroll is the total amount of money you set aside for placing bets.
- Bet slip
- Bet slip is a digital record that lists your chosen bets, stake amounts, and potential payouts before you confirm.
- Bonus
- Bonus is extra funds or free bets offered by a sportsbook, often subject to certain conditions.
- Cash-out
- Cash‑out allows you to settle a bet before the event ends, locking in a profit or cutting a loss.
- Free bet
- Free bet is a wager funded by the sportsbook that lets you risk no own money; winnings usually exclude the free‑bet stake.
- Futures
- Futures is a bet placed on an event that will be decided in the future, such as which team wins the World Cup.
- Hedging
- Hedging is placing an additional bet on the opposite outcome to reduce risk or secure a guaranteed profit.
- In-play betting
- In‑play betting lets you place bets after the match has started, with odds that update as the game progresses.
- Juice
- Juice is the commission a sportsbook charges for taking a bet, usually built into the odds.
- Line movement
- Line movement is the change in odds or point spread over time as the betting public and bookmakers adjust.
- Lock
- Lock is a bet that is seen as almost certain to win, though no bet is completely risk‑free.
- Moneyline
- Moneyline is a bet on which team will win the match outright, expressed as a positive or negative number.
- Odds
- Odds indicate how much you can win relative to your stake.
- Over/Under
- Over/Under is a bet on whether the total number of goals or points in a match will be above or below a set number.
- Parlay
- Parlay is a single bet that links multiple selections; all must win for the bet to pay out.
- Payout
- Payout is the total amount you receive when a bet wins, including your original stake and profit.
- Point Spread
- Point spread is a handicap given to the favored team to level the betting field, expressed in points.
- Props
- Props are bets on specific outcomes within a match, like which player scores first or how many yellow cards occur.
- Responsible gambling
- Responsible gambling refers to practices that help you bet safely, such as setting deposit limits and seeking help if needed.
- Rollover requirement
- Rollover requirement is a condition that forces you to bet a certain amount before withdrawing bonus funds or winnings.
- Stake
- Stake is the amount of money you risk on a single bet.