Knowledge Base
Glossary
Plain-English definitions for the terminology used across Football Insights.
- Arbitrage Betting
- placing bets on all possible outcomes of an event across different bookmakers to guarantee a profit.
- Asian Handicap
- a spread betting type where one team gets a positive or negative goal advantage to level the match.
- Bankroll Management
- the practice of setting a budget for betting and deciding how much to stake on each wager.
- Betting Exchange
- a platform where bettors can back and lay bets against each other, with the exchange taking a commission.
- Both Teams to Score (BTTS)
- a bet on whether each side will score at least one goal during the match.
- Cash Out
- a feature that lets you settle a bet before the match ends, locking in a profit or cutting a loss.
- Closing Line
- the final set of odds offered just before a match starts, used to measure betting performance.
- Correct Score
- a bet predicting the exact final score of the match.
- Double Chance
- a bet that covers two of the three possible outcomes (win, draw, or loss) in a match.
- Draw No Bet
- a bet where you pick a team to win, and you get your stake back if the match ends in a draw.
- Half-Time/Full-Time
- a bet on the result at both half-time and full-time, such as 'Home/Home' or 'Draw/Away'.
- Handicapping
- analyzing statistics, form, and other factors to estimate the likely outcome of a match.
- In-Play Betting
- placing bets on a match while it is already in progress, with odds that update as the game unfolds.
- Juice (Vig)
- the commission or fee that a bookmaker builds into the odds, ensuring a profit regardless of result.
- Kelly Criterion
- a mathematical formula used to determine the optimal size of a bet relative to your edge.
- Lay Betting
- betting against an outcome occurring, typically on a betting exchange, risking money that the selection will not win.
- Line Movement
- the change in betting odds or point spreads over time, often caused by money wagered or news.
- Moneyline
- a simple bet on which team will win the match, with odds reflecting their chance.
- Odds Comparison
- checking the odds offered by different bookmakers to find the best price for a bet.
- Over/Under
- a bet on whether the total number of goals scored will be above or below a set number.
- Parlay (Accumulator)
- a single bet that links two or more selections; all must win for the bet to pay out, increasing potential profit.
- Push (Void)
- a bet that is neither won nor lost because the result exactly matches the line, resulting in stakes being refunded.
- Stake
- the amount of money you place on a bet.
- Value Bet
- a bet where the odds offered by the bookmaker are higher than the true probability of the outcome, giving an edge.