Knowledge Base
Glossary
Plain-English definitions for the terminology used across Football Insights.
- Accumulator
- a bet that links multiple selections; all must win for payout.
- Arbitrage
- exploiting differences in odds across bookmakers to guarantee a profit regardless of the result.
- Asian Handicap
- a spread that gives a team a fractional advantage or disadvantage to balance odds.
- Bankroll
- the total amount of money you have set aside for betting.
- Betting Exchange
- a platform where bettors can back and lay outcomes against each other, rather than against a bookmaker.
- Bookmaker Margin
- the percentage of total stakes the bookie expects to retain as profit.
- BTTS
- a market where you bet on whether both sides will score at least one goal.
- Cash Out
- a feature allowing you to settle a bet before the event ends, locking in a profit or loss.
- Correct Score
- a prediction of the exact final score of a match.
- Double Chance
- a bet covering two of the three possible outcomes, such as win or draw.
- First Goal Scorer
- a wager on which player will net the first goal of the game.
- Free Bet
- a bonus token you can use to place a bet without risking your own money.
- Hedge
- placing a counter bet to reduce risk or lock in a profit regardless of the outcome.
- In-Play
- betting that takes place after a match has already started.
- Kelly Criterion
- a mathematical formula used to determine the optimal size of a bet based on your edge.
- Lay Bet
- a bet that a specific outcome will NOT happen, typically offered on betting exchanges.
- Line Movement
- the change in odds or spreads that occurs as more bets are placed.
- Market
- a category of bets offered for a specific event, such as match result or total goals.
- Odds
- the payout ratio a bookmaker assigns to a particular outcome.
- Over/Under
- a wager on whether a specific statistic, like total goals, will be above or below a set line.
- Parlay
- a bet that combines multiple selections into one wager, requiring all to win for a payout.
- Stake
- the amount of money you risk on a single bet.
- Unit
- a standard measurement of stake size, usually expressed as a percentage of your bankroll.
- Value Bet
- a selection where the odds offered are higher than the true probability suggests, indicating an edge.
- Vig
- the built‑in commission in odds that ensures the bookmaker’s profit.