Knowledge Base
Glossary
Plain-English definitions for the terminology used across Fan Strategy.
- Bankroll
- The total amount of money you have set aside for betting.
- Bet Builder
- A feature allowing you to combine multiple outcomes from a single event into one bet.
- Bet Settlement
- The process of finalizing a bet's outcome and crediting any winnings after the event ends.
- Bet Slip
- The digital record that lists your selected bets, stake, and potential payout before confirming.
- Bonus Rollover
- The total amount you must wager before a bonus becomes withdrawable.
- Cash Out
- The option to settle a bet early for a reduced payout, locking in profit or limiting loss.
- Cashback
- A promotion that returns a portion of your losses as a bonus.
- Free Bet
- A promotional token you can use to place a bet without using your own money.
- Handicap
- A points advantage given to the underdog to even the odds.
- In-Play
- Bets placed after an event has started, with odds that update during the match.
- KYC
- The process of verifying a player's identity to prevent fraud and meet regulations.
- Moneyline
- A bet on which team will win a match, without any point spread.
- No Deposit Bonus
- A bonus credited just for signing up, without requiring a deposit.
- Odds
- The likelihood of an outcome expressed as a number, determining how much you can win.
- Odds Format
- The way odds are displayed (decimal, fractional, or American), affecting how you calculate payouts.
- Over/Under
- A bet on whether a stat (like total goals) will be above or below a set number.
- Parlay
- A single bet that links multiple selections; all must win for the bet to pay out.
- Provably Fair
- A system that lets players verify that each bet outcome is random and not manipulated.
- RTP
- The percentage of total bets a game returns to players over time.
- Self-Exclusion
- A tool that lets you temporarily or permanently block your account from betting.
- Stake
- The amount of money you place on a bet.
- Stake Limits
- Rules set by the sportsbook that cap how much you can bet on a specific market.
- Vigorish
- The commission the sportsbook charges for taking your bet, built into the odds.
- Volatility
- How often and how much a game pays out; high volatility means big but rare wins.
- Wagering Requirement
- The number of times you must bet a bonus before you can withdraw any winnings.