Knowledge Base
Glossary
Plain-English definitions for the terminology used across Football Insights.
- American Odds
- Odds displayed as a positive or negative number, showing how much you win per $100 bet or how much you must stake to win $100.
- Arbitrage
- Exploiting differences in odds across bookmakers to place opposing bets and secure a risk‑free profit.
- Asian Handicap
- A type of spread betting that eliminates the draw by using half‑goal or quarter‑goal lines.
- Back Bet
- A conventional bet that an outcome will happen, placed against the exchange’s lay odds.
- Bankroll Management
- The practice of deciding how much money to risk on each bet to protect your funds over time.
- Bet Slip
- The digital record that lists your chosen bets, stake, and potential payout.
- Cash Out
- A feature allowing you to settle a bet before the event ends, locking in a profit or loss.
- Decimal Odds
- Odds expressed as a single number that includes the stake, used to calculate total payout.
- Double Chance
- A bet covering two of the three possible match results (win/draw for either side) to increase the chance of winning.
- Edge
- The statistical advantage a bettor believes they have over the bookmaker’s odds.
- Fractional Odds
- Odds shown as a fraction, indicating the profit relative to the stake.
- Free Bet
- A bonus bet credited to your account that can be used to place wagers, usually with certain conditions.
- In-Play Betting
- Placing bets on a match after it has started, with odds that change as the game progresses.
- Lay Bet
- A bet that a particular outcome will not happen, typically placed on a betting exchange.
- Matched Betting
- A technique that uses free bets and promotions to guarantee a profit by covering all possible outcomes.
- Moneyline
- A bet on which team will win the match, with odds shown as a positive or negative number.
- Odds Boost
- A promotion that increases the odds on a specific selection, raising potential winnings.
- Over/Under
- A bet on whether the total number of goals in a match will be higher or lower than a set number.
- Parlay
- A single bet that links two or more selections and pays out only if every selection wins.
- Point Spread
- A handicap given to the favorite team to level the odds, requiring them to win by a certain margin.
- Single Bet
- A straightforward bet on one outcome, with winnings determined by the stake multiplied by the odds.
- Stake
- The amount of money you place on a bet.
- Value Bet
- A wager where the chance you think an outcome will happen is greater than the chance reflected by the bookmaker’s odds, offering long‑term profit potential.
- Vig
- The commission a bookmaker takes on a bet, reflected in the odds, also called juice.
- Wagering Requirement
- The number of times you must bet a bonus amount before you can withdraw any winnings.