Knowledge Base
Glossary
Plain-English definitions for the terminology used across Football Insights.
- Acca
- An accumulator combines multiple selections into a single bet, paying out only if all choices win.
- Arbitrage
- Arbitrage involves betting on all possible outcomes of an event across different bookmakers to guarantee a profit.
- Asian Handicap
- An Asian handicap eliminates the draw by using half‑ or quarter‑goal lines, giving a refund if the result matches the line.
- Bankroll
- Your bankroll is the total amount of money you set aside for placing bets.
- Bonus Rollover
- Bonus rollover is the number of times you must wager a bonus before you can withdraw any winnings.
- Bookmaker
- A bookmaker is a company that sets odds and accepts bets on sporting events.
- Cash Out
- Cash out lets you settle a bet before the event ends, locking in a profit or cutting a loss.
- Closing Line
- The closing line is the final set of odds offered just before an event begins, often used to assess betting performance.
- Dutching
- Dutching spreads your stake across several selections so that you profit regardless of which one wins.
- Edge
- An edge is a statistical or informational advantage that improves your chance of beating the bookmaker.
- Expected Value
- Expected value estimates the average amount you can expect to win or lose per bet over the long run.
- Free Bet
- A free bet is a credit that lets you place a wager without using your own money, usually with certain conditions.
- Hedge
- Hedging places an opposite bet to reduce risk or secure a guaranteed profit on an existing wager.
- In‑Play Betting
- In‑play betting allows you to place bets after the game has started, with odds that change as the action unfolds.
- Juice
- Juice, also called vigorish, is the commission a bookmaker charges on each bet, built into the odds.
- Lay Betting
- Lay betting means you act as the bookmaker, betting against an outcome and hoping it does not happen.
- Moneyline
- A moneyline bet is a wager on which team will win the match outright, with odds reflecting each team's chances.
- Odds
- Odds indicate how likely an outcome is according to the bookmaker and determine the payout for a winning bet.
- Over/Under
- An over/under bet predicts whether the total number of goals, points, or runs in a game will be higher or lower than a set figure.
- Parlay
- A parlay links two or more bets; all selections must win for the wager to pay out.
- Point Spread
- A point spread assigns a handicap to the favored team to make both sides of the bet equally attractive.
- ROI
- ROI, or return on investment, measures how much profit you make relative to the amount you stake.
- Stake
- The stake is the sum of money you risk on a single bet.
- Value Bet
- A value bet occurs when the odds offered are higher than the true probability of the outcome, giving you an expected edge.