Knowledge Base
Glossary
Plain-English definitions for the terminology used across Football Insights.
- 1X2
- A three-outcome bet where you pick either a home win (1), a draw (X), or an away win (2).
- 3-Way Moneyline
- A bet on one of three outcomes: home win, draw, or away win, with odds for each.
- Accumulator
- A single bet that links multiple selections; all must win for the accumulator to pay out.
- Arbitrage
- Exploiting differing odds across bookmakers to guarantee a profit regardless of the result.
- Asian Handicap
- A handicap given to a team to level the match, eliminating the draw and offering two possible winning outcomes.
- Banker
- A strongly favored selection included in a multiple bet to increase the odds of the overall wager.
- Bankroll
- The total amount of money set aside for placing bets.
- Betting Edge
- The statistical advantage a bettor believes they have over the bookmaker's odds.
- Both Teams To Score
- Short for BTTS; a bet on whether each team will score at least one goal during the match.
- Cash Out
- A feature that lets you settle a bet before the event ends, locking in a profit or limiting a loss.
- Closing Line Value
- The difference between the odds you took and the final odds offered just before the match starts, indicating the quality of your bet.
- Correct Score
- A bet that requires you to predict the exact final score of the match.
- Decimal Odds
- A way to express odds as a single number that includes the stake; the payout equals odds multiplied by stake.
- Double Chance
- A bet that covers two of the three possible outcomes (e.g., home win or draw) in a single wager.
- Draw No Bet
- A bet that returns your stake if the match ends in a draw; you win if your chosen team wins.
- Half-Time/Full-Time
- A bet that combines the result at half-time and the result at full-time in one wager.
- Hedging
- Placing a bet on the opposite outcome to an existing bet to guarantee a profit or reduce risk.
- In-Play
- Bets placed after the match has started, with odds that update in real time.
- Kelly Criterion
- A mathematical formula used to determine the optimal size of a bet relative to your perceived edge.
- Over/Under
- A bet on whether the total number of goals in a match will be over or under a set line.
- Parlay
- Similar to an accumulator, a single bet that combines two or more selections, requiring all to win.
- Pre-Match
- Bets placed before the match begins.
- Stake
- The amount of money you risk on a particular bet.
- Value Bet
- A bet where the odds offered are higher than the true probability suggests, giving an expected positive return.
- Vigorish
- The commission or cut a bookmaker takes on a bet, built into the odds.