Knowledge Base
Glossary
Plain-English definitions for the terminology used across Football Insights.
- Accumulator
- A single bet that links multiple selections; all must win for the bet to pay out.
- Arbitrage Betting
- Betting on all possible outcomes of an event across different bookmakers to secure a profit regardless of the result.
- Asian Handicap
- A point spread applied to each team in a match to eliminate the draw, giving a handicap (positive or negative) to each side.
- Bankroll Management
- The practice of setting a budget for betting and deciding how much to stake on each wager to avoid losing too much.
- Both Teams To Score
- A bet on whether both sides will net 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 based on the current odds.
- Correct Score
- A bet that requires you to predict the exact final score of a match.
- Double Chance
- A market allowing you to cover two of the three possible outcomes (home win/draw, away win/draw, or win for either side) in one wager.
- Draw No Bet
- A bet where you win if your chosen team wins, and you get your stake back if the match ends in a draw.
- First Goal Scorer
- A wager on which player will score the opening goal of the game.
- Half-Time/Full-Time
- A bet that predicts both the result at halftime and the result at the end of the match.
- Handicapping
- Analyzing teams and matchups to estimate the likelihood of outcomes and find bets with an advantage.
- Hedge Betting
- Placing a bet on the opposite outcome of an existing wager to guarantee a profit or reduce risk.
- In-Play Betting
- Placing a wager on a match after it has started, with odds that update as the game progresses.
- Juice
- The commission or fee that a bookmaker adds to the odds, usually reflected as a small percentage taken from winning bets.
- Kelly Criterion
- A mathematical formula used to calculate the optimal size of a bet based on the perceived edge and odds.
- Margin
- The bookmaker’s built-in advantage, expressed as a percentage, that ensures they make a profit over the long term.
- Market
- The set of betting options (such as match result, over/under, or player props) offered for a particular event.
- Odds
- The number that tells you how much you can win relative to your stake; higher odds mean a larger potential payout.
- Over/Under
- A wager on whether the total number of goals in a game will be above or below a set line.
- Parlay
- A bet that combines two or more selections into one wager; all selections must win for a return.
- Spread Betting
- A bet on whether a specific statistic (like total goals) will be above or below a set spread, with winnings or losses scaled by the amount of the stake.
- Stake
- The amount of money you place on a bet.
- Value Bet
- A bet where the odds offered are higher than the true chance of the outcome, giving an edge to the bettor.
- Void
- A bet that is canceled and all money returned, usually because the event did not occur or the market was deemed invalid.