Knowledge Base
Glossary
Plain-English definitions for the terminology used across Football Insights.
- 1X2 Betting
- A market where you pick one of three outcomes: a home win (1), a draw (X), or an away win (2).
- Acca
- Short for accumulator, a single bet that links multiple selections and pays out only if all of them win.
- American Odds
- Odds expressed as a positive or negative number; positive shows profit on a $100 bet, negative shows amount needed to win $100.
- Asian Handicap
- A point spread that gives one team a virtual advantage or disadvantage to level the playing field, eliminating the draw option.
- Back Bet
- A bet that a particular outcome WILL happen, the most common type of wager placed with a bookmaker.
- Bankroll Management
- The practice of setting a budget for betting and deciding how much to stake on each wager.
- Bet Builder
- A tool that allows you to combine multiple markets from the same match into a single wager.
- Both Teams to Score (BTTS)
- A wager that both sides will find the net at least once during the match.
- Cash Out
- A feature that lets you settle a bet early for a reduced payout, locking in a profit or limiting a loss.
- Decimal Odds
- A way to express odds as a single number that includes your stake; multiply your stake by this number to calculate total return.
- Double Chance
- A bet that covers two of the three possible outcomes, increasing your chance of winning.
- Fractional Odds
- Traditional odds shown as a fraction; the numerator shows profit relative to the denominator (your stake).
- Free Bet
- A promotional credit that you can use to place a bet without risking your own money, but any winnings are usually retained.
- In-Play Betting
- Placing bets after a match has started, with odds that update as the game unfolds.
- Juice
- The commission that a bookmaker adds to the odds, often seen as an extra margin in the betting line.
- Kelly Criterion
- A formula used to determine the optimal size of a bet based on your perceived edge and probability of winning.
- Lay Bet
- A bet that a particular outcome will NOT happen, typically placed on a betting exchange.
- Margin
- The bookmaker’s built-in profit margin, expressed as a percentage, which ensures they make money over the long term.
- Over/Under
- A bet on whether the total number of goals scored in a match will be higher or lower than a set number.
- Parlay
- Another term for an accumulator, combining two or more bets into one with higher odds and greater risk.
- Stake
- The amount of money you risk on a particular bet.
- Stake Limits
- Maximum or minimum amounts that a bookmaker allows you to bet on a particular market.
- Surebet
- A situation where you back all possible outcomes with different bookmakers to guarantee a profit regardless of the result.
- Value Bet
- A bet where the odds offered are higher than the true probability of the outcome, giving you an edge.
- Wagering Requirement
- The number of times you must bet a bonus amount before you can withdraw any related winnings.