Knowledge Base
Glossary
Plain-English definitions for the terminology used across Fan Strategy.
- Accumulator
- A type of bet where multiple selections are combined; the payout grows as each selection wins.
- Bankroll Management
- The practice of deciding how much money to risk and keeping track of wins and losses.
- Bonus
- Extra funds or free bets offered by a sportsbook, often with conditions attached.
- Cash Out
- An option to settle a bet early for a reduced payout, before the event ends.
- Edge
- An advantage you have over the sportsbook, often due to superior knowledge or better odds.
- Free Bet
- A bet credited by the sportsbook that you can use without risking your own money.
- Futures
- A bet placed on an event that will be decided in the future, such as who wins the World Cup.
- Handicap
- A point advantage or disadvantage given to a team to level the playing field.
- Juice
- Another word for vig; the bookmaker’s commission built into the odds.
- KYC
- Know Your Customer, a verification process to confirm a bettor’s identity and age.
- Live Betting
- Placing bets while a match is in progress, with odds that change as the game unfolds.
- Moneyline
- A bet that picks which team will win a match, without any point spread.
- Odds
- Odds are numbers that show how likely an outcome is and how much you can win if you bet on it.
- Over/Under
- A bet on whether a statistic (like total goals) will be higher or lower than a set number.
- Parlay
- A single bet that links two or more selections; all must win for the bet to pay out.
- Prop Bet
- A wager on a specific event within a match, like which player scores first.
- ROI
- Return on Investment, measures how much profit you earn relative to the amount you wagered.
- Rollover Requirement
- The number of times you must bet a bonus amount before you can withdraw it.
- Self-Exclusion
- A tool that lets you block yourself from betting on a site for a set period.
- Stake
- The amount of money you put on a bet.
- Steam
- A rapid shift in odds caused by heavy betting action from sharp bettors.
- Unit
- A standard measure of bet size, often a fixed percentage of your bankroll.
- Value Bet
- A bet where the odds offered are higher than the true probability of the outcome, giving an edge.
- Vig
- The fee a sportsbook charges for taking a bet, reflected in the odds.