Knowledge Base
Glossary
Plain-English definitions for the terminology used across Tactical Review.
- Accumulator
- A single bet that combines multiple selections, and all of them must win for the bet to pay out.
- Arbitrage
- The practice of betting on all possible outcomes of an event across different bookmakers to guarantee a profit.
- Asian Handicap
- A handicap system that eliminates the draw option, giving each team a half‑goal or whole‑goal advantage or disadvantage.
- Bankroll
- The total amount of money a bettor sets aside for placing bets.
- Bookmaker
- The company or individual that sets odds and accepts bets on sporting events.
- Both Teams To Score
- A bet that wins if both sides score at least one goal during the match.
- Cash Out
- An option to settle a bet before the event ends, letting the bettor lock in a profit or cut a loss.
- Cover
- In spread betting, the term for a team beating the handicap set against them.
- Double Chance
- A bet that covers two of the three possible outcomes of a match, such as a win for either side or a draw.
- Half-Time/Full-Time
- A bet that requires predicting the result at both half‑time and the end of the match.
- Handicap
- A point or goal disadvantage given to a team to create more even betting odds.
- In-Play Betting
- Placing a bet on a match while it is already in progress, with odds that update as the game unfolds.
- Lay Bet
- A bet that a specific outcome will not happen, typically placed on a betting exchange.
- Margin
- The bookmaker’s built‑in profit margin, represented by the difference between the true odds and the odds offered.
- Matched Betting
- A technique that uses free bets and promotions to create risk‑free profits by covering all outcomes.
- Moneyline
- A bet on which team will win the match, with odds expressed as a positive or negative number.
- Odds
- The ratio that determines how much a winning bet will pay out, shown as decimal, fraction, or moneyline.
- Over/Under
- A bet on whether the total number of goals scored in a match will be higher or lower than a line set by the bookmaker.
- Payout
- The total amount of money returned to a bettor after a winning bet, including the original stake.
- Spread Betting
- A bet that assigns a handicap to a team to balance the perceived difference in ability, requiring the favorite to win by a certain margin.
- Stake
- The amount of money wagered on a particular bet.
- Stake Limit
- The maximum amount a bookmaker allows a bettor to wager on a single event.
- Tipster
- A person or service that provides expert predictions and advice on which bets to place.
- Value Bet
- A bet where the odds offered are higher than the true probability of the outcome, suggesting a positive expected return.
- Vig
- The commission or fee that a bookmaker builds into the odds, ensuring a profit regardless of the outcome.