Knowledge Base
Glossary
Plain-English definitions for the terminology used across Football Insights.
- Accumulator
- A bet that combines multiple selections into one wager; returns multiply as each selection wins.
- Arbitrage
- Exploiting differences in odds across bookmakers to guarantee a profit regardless of the outcome.
- Asian Handicap
- A handicap given to each team in a match to eliminate the draw, expressed in fractions or whole numbers.
- Bankroll
- The total amount of money set aside for betting.
- Bet Builder
- A feature that allows you to combine multiple markets from the same match into a single wager.
- Both Teams To Score
- A bet on whether each team will score at least one goal during the match.
- Cash Out
- A feature that lets you settle a bet before the event ends, locking in a profit or limiting a loss.
- Correct Score
- A bet predicting the exact final score of the match.
- Double Chance
- A bet that covers two of the three possible outcomes (e.g., home win or draw) in a match.
- Draw No Bet
- A bet that returns your stake if the match ends in a draw, otherwise you win if your chosen team wins.
- Dutching
- Splitting your stake across multiple outcomes to ensure an equal profit regardless of which one wins.
- First Goalscorer
- A bet on which player will score the first goal in a match.
- Hedge
- Placing a second bet on the opposite outcome to reduce risk or lock in a profit.
- In-Play Betting
- Placing a wager on a match while it is ongoing, with odds that update as the game progresses.
- Juice
- The commission or fee charged by a bookmaker on a bet, often reflected in the odds.
- Kelly Criterion
- A mathematical formula used to determine the optimal size of a bet based on perceived edge and odds.
- Lay Bet
- A bet that a particular outcome will not happen, often used in betting exchanges.
- Live Betting
- Betting on a match after it has started, with odds that change in real time.
- Margin
- The bookmaker's built-in advantage, expressed as a percentage, which ensures profitability over the long term.
- Odds
- The numerical expression of the likelihood of an outcome, determining how much you can win relative to your stake.
- Over/Under
- A bet on whether the total number of goals (or other stats) in a match will be over or under a set number.
- Parlay
- A single bet that links two or more selections; all must win for the bet to pay out.
- Payout
- The total amount of money returned to you after a winning bet, including stake and profit.
- Stake
- The amount of money you place on a bet.
- Value Bet
- A bet where the odds offered are higher than the true probability of the outcome, suggesting a positive expected return.