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.
- American Odds
- odds displayed as a positive or negative number, indicating how much profit a $100 bet would make or how much you must wager to win $100.
- Arbitrage
- placing bets on all possible outcomes of an event across different bookmakers to guarantee a profit regardless of the result.
- Asian Handicap
- a betting line that gives one team a half‑goal or whole‑goal advantage or disadvantage to equalize the chances.
- Back Bet
- a bet placed on a specific outcome to happen, the standard “to win” wager.
- Bankroll
- the total amount of money set aside for placing bets.
- Bookmaker Margin
- the built‑in advantage a bookmaker includes in the odds, ensuring they make a profit over the long term.
- 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 finishes, locking in a profit or minimizing a loss.
- Correct Score
- a bet that requires predicting the exact final score of a match.
- Decimal Odds
- a way of expressing odds as a single decimal number, e.g., 2.50, which includes the stake in the return.
- Double Chance
- a bet that covers two of the three possible outcomes (win, draw, loss) in a single match.
- First Goalscorer
- a bet on which player will score the first goal in the match.
- Fractional Odds
- odds expressed as a fraction, e.g., 3/2, showing profit relative to the stake.
- Implied Probability
- the conversion of odds into a percentage that represents the likelihood of an outcome according to the bookmaker.
- In‑Play Betting
- placing bets on a match while it is already in progress, with odds that update in real time.
- Kelly Criterion
- a mathematical formula used to determine the optimal size of a bet based on the perceived edge.
- Lay Bet
- a bet that a specific outcome will not happen, typically placed against the bookmaker or another bettor.
- Line Shopping
- comparing odds across different bookmakers to find the best possible price for a bet.
- Market Movement
- changes in odds or betting lines caused by betting volume, news, or other factors.
- Over/Under
- a bet on whether the total number of goals in a match will be higher or lower than a set number.
- Pre‑Match Betting
- betting on a match before it starts, with odds set based on pre‑event analysis.
- Stake
- the amount of money wagered on a single bet.
- Value Bet
- a selection where the odds offered are higher than the true probability suggests, giving an edge to the bettor.
- Wagering Requirement
- a condition that states how many times a bonus must be turned over before it can be withdrawn.