Knowledge Base
Glossary
Plain-English definitions for the terminology used across Football Compass.
- Accumulator
- A bet that combines multiple selections into one wager, with all selections needing to win for the bet to pay out.
- Asian Handicap
- A handicap given to a team to level the match, removing the draw outcome and adjusting odds.
- Bankroll
- The total amount of money set aside for placing bets.
- Bookmaker
- A company or person that accepts and pays out bets on sporting events.
- Cash Out
- A feature that allows you to settle a bet before the event ends, locking in a profit or loss.
- Double Chance
- A bet that covers two of the three possible outcomes of a match, increasing your chances of winning.
- Edge
- An advantage you have over the bookmaker’s odds, often identified through analysis.
- Even Money
- A bet with odds of 2.0 (or 1/1), where a win returns double the stake.
- First Goalscorer
- A market where you predict which player will score the first goal in a match.
- Half-Time/Full-Time
- A bet that requires you to predict the result at both half-time and full-time.
- In-Play Betting
- Placing a bet after a match has started, with odds that change as the game unfolds.
- Juice
- The commission or fee that a bookmaker adds to the odds, often shown as the overround.
- Kelly Criterion
- A formula used to determine the optimal size of a bet based on your edge and odds.
- Lay Bet
- Betting against a particular outcome, acting as the bookmaker and accepting wagers from others.
- Live Odds
- Odds that update in real time during a match, reflecting the current state of play.
- Matched Betting
- A technique that uses free bets and bonuses to guarantee a profit regardless of the outcome.
- Over/Under
- A bet on whether the total number of goals in a match will be above or below a set line.
- Parlay
- Another term for an accumulator, combining multiple selections into one bet with higher odds.
- Point Spread
- A margin set by the bookmaker to handicap the favored team, equalizing the betting field.
- Price Boost
- A special promotion that increases the odds on a specific selection, offering more potential payout.
- Profit Boost
- A bonus that increases the net profit from a winning bet, usually applied as a multiplier.
- Punter
- A person who places bets, often used interchangeably with bettor.
- Risk-Free Bet
- A bet where the stake is refunded if the wager loses, typically up to a certain amount.
- Stake
- The amount of money you place on a bet.
- Value Bet
- A bet where the odds offered are higher than the true probability of the outcome, indicating a positive expected value.