Knowledge Base
Glossary
Plain-English definitions for the terminology used across Tactical Review.
- Accumulator
- An accumulator is a type of bet that combines multiple selections into one wager, with winnings rolling over each winning pick.
- Asian Handicap
- Asian handicap is a form of betting that eliminates the draw by using half-goal or quarter-goal lines, offering two possible outcomes.
- Bankroll
- Bankroll is the total amount of money set aside by a bettor for placing bets.
- Bet Slip
- A bet slip is a record or confirmation of a placed bet, listing the selections, stake, odds, and potential return.
- Both Teams to Score
- Both Teams to Score is a bet on whether each side will score at least one goal during the match.
- Cash Out
- Cash out allows a bettor to settle a bet before the event ends, locking in a profit or reducing a loss based on current odds.
- Correct Score
- Correct Score is a bet that requires predicting the exact final score of a match.
- Decimal Odds
- Decimal odds express the total return per unit staked, including the original stake, in a decimal format.
- Fractional Odds
- Fractional odds show the profit relative to the stake, expressed as a fraction (e.g., 5/1 means win 5 units for each 1 unit staked).
- Free Bet
- A free bet is a credited wager that can be used to place a bet without using the bettor's own money, with winnings usually returned minus the stake.
- Handicap
- A handicap gives one team a virtual advantage or disadvantage to level the playing field, reflected in the odds.
- Implied Probability
- Implied probability is the conversion of odds into a percentage that reflects the likelihood of an outcome as priced by the bookmaker.
- In-Play Betting
- In-Play betting allows a bettor to place wagers on a match while it is ongoing, with odds updating as the game progresses.
- Kelly Criterion
- The Kelly Criterion is a mathematical formula used to determine the optimal size of a bet based on the perceived edge.
- No Deposit Bonus
- A no deposit bonus is a promotional offer that gives bettors a small amount of bonus funds or a free bet without needing to deposit money.
- Odds
- Odds represent the likelihood of a specific outcome in a match and determine how much a winning bet will pay out.
- Over/Under
- Over/Under bets predict whether the total number of goals (or other stats) in a match will be above or below a set figure.
- Parlay
- A parlay is a single bet that links two or more selections; all must win for the bet to pay out, increasing potential profit.
- Payout
- Payout is the total amount of money returned to a bettor after a winning bet, including the original stake and profit.
- Stake
- Stake is the amount of money a bettor places on a bet.
- Surebet
- A surebet (or arbitrage) is a situation where odds across different bookmakers guarantee a profit regardless of the result.
- Unit
- A unit is a standard measurement used to express the size of a bet, typically representing a fixed percentage of the bankroll.
- Value Bet
- A value bet is a wager where the odds offered are believed to be higher than the true probability of the outcome.
- Vig
- Vig is the built-in commission or cut that a bookmaker includes in the odds, ensuring they profit regardless of the outcome.
- Wagering Requirement
- A wagering requirement is a condition that specifies how many times a bonus must be bet before it can be withdrawn.