Knowledge Base
Glossary
Plain-English definitions for the terminology used across Football Compass.
- Accumulator
- A single bet that links two or more individual wagers, with all selections needing to win for the accumulator to pay out.
- Asian Handicap
- A handicap given to a team in a match to level the playing field, eliminating the draw as an option and offering split handicaps.
- Bankroll
- The total amount of money a bettor sets aside for placing bets.
- Bet Builder
- A feature that lets you combine multiple outcomes from the same match into a single custom wager.
- Both Teams To Score
- A bet on whether both teams will score at least one goal during the match.
- Cash Out
- An option to settle a bet before the event ends, locking in a profit or limiting a loss based on current odds.
- Double Chance
- A bet that covers two of the three possible outcomes of a match (win/draw, draw/away, etc.) in one wager.
- Draw No Bet
- A bet where you pick a team to win; if the match ends in a draw, the stake is refunded.
- Enhanced Odds
- Promotional odds that are higher than the standard market odds, offered for a limited time on selected events.
- First Goalscorer
- A bet on which player will score the first goal in a match.
- Handicap Betting
- A betting market where a handicap is applied to a team to give them a virtual advantage or disadvantage.
- In-Play Betting
- Bets placed after an event has started, with odds that update as the action unfolds.
- Kelly Criterion
- A mathematical formula that calculates the optimal size of a bet based on the perceived edge and odds.
- Lay Betting
- Betting against an outcome to happen, essentially acting as a bookmaker by offering odds to other bettors.
- Matched Betting
- A technique that uses free bets and promotions to guarantee a profit by covering all possible outcomes.
- Odds Format
- The way odds are presented, such as fractional (e.g., 5/1), decimal (e.g., 6.00), or moneyline (e.g., +500).
- Over/Under
- A bet on whether the total number of goals, points, or runs in a match will be over or under a set line.
- Parlay
- A bet that combines multiple selections; all must win for a payout, similar to an accumulator.
- Price Boost
- A special increase in the odds for a specific selection, often offered as a limited-time promotion.
- Risk-Free Bet
- A promotion that refunds a losing bet as a free bet or bonus if the first wager does not win.
- Stake
- The amount of money you place on a bet.
- Surebet
- A situation where the odds on all possible outcomes guarantee a profit regardless of the result.
- Tournament Outright
- A bet on which team will win the entire tournament, such as the World Cup.
- Value Bet
- A wager where the odds offered are higher than the true probability of the outcome, indicating a potential edge.
- Void Bet
- A bet that is canceled and the stake is returned, usually due to a match being postponed or a rule violation.