Knowledge Base
Glossary
Plain-English definitions for the terminology used across Football Insights.
- Arbitrage
- Arbitrage involves betting on all possible outcomes of an event across different bookmakers to lock in a guaranteed profit.
- Asian Handicap
- Asian handicap gives a virtual advantage or disadvantage to a team to remove the draw option and create balanced odds.
- Bankroll
- Your bankroll is the total sum of money you have set aside specifically for making bets.
- Bet Builder
- Bet builder is a tool that lets you combine multiple markets from the same match into a single custom bet.
- Bet Slip
- A bet slip is a digital record where you list your chosen bets and confirm the amount you want to wager.
- Both Teams To Score
- Both teams to score is a wager that both sides will net at least one goal during the match.
- Cash Out
- Cash out allows you to settle a bet before the match ends, locking in a profit or cutting a loss.
- Cover
- To cover the spread means a team wins by a margin larger than the handicap set by the bookmaker.
- Double Chance
- Double chance lets you cover two of the three possible match results in a single bet, lowering your risk.
- Edge
- An edge is the perceived statistical advantage you have over the bookmaker’s odds on a particular wager.
- Expected Value
- Expected value is the average amount you can expect to win or lose per bet if you repeat the same wager many times.
- Half-Time/Full-Time
- Half-time/full-time asks you to predict both the score at halftime and the final score of the match.
- Juice
- Juice, also called vig, is the commission a bookmaker adds to the odds, ensuring they make a profit.
- Kelly Criterion
- Kelly criterion is a formula that calculates the optimal fraction of your bankroll to risk on a bet based on your edge.
- Live Betting
- Live betting lets you place wagers on a game while it is in progress, with odds that change as the action unfolds.
- Market
- A market is a category of betting options available for an event, such as who will win or how many goals will be scored.
- Matched Betting
- Matched betting uses free bets and promotions to create risk‑free bets that guarantee a profit regardless of the outcome.
- Odds
- Odds represent the probability of a specific outcome and determine how much you can win if your bet is correct.
- Over/Under
- Over/under is a bet on whether the total number of goals (or points) in a match will be more or less than a set figure.
- Parlay
- A parlay combines two or more individual bets into one wager; all selections must win for you to receive a payout.
- Push
- A push happens when a bet ends in a tie, resulting in your stake being returned with no win or loss.
- Spread
- The spread is a point handicap set by a bookmaker to make the two teams appear equally likely to win.
- Stake
- The stake is the amount of money you risk on a single bet.
- Value Bet
- A value bet occurs when the odds offered by a bookmaker are higher than the true chance of the outcome, giving you an edge.
- Void
- A void bet is cancelled and your stake is refunded, usually because the event was postponed or a rule was broken.