Knowledge Base
Glossary
Plain-English definitions for the terminology used across Football Compass.
- Accumulator
- An Accumulator combines multiple selections into one bet, and all selections must win for the bet to pay out.
- Asian Handicap
- Asian Handicap gives a fictional advantage or disadvantage to a team to level the playing field and remove the draw option.
- Bet Builder
- Bet Builder allows you to create a custom bet by selecting different markets within a single match.
- Bet Slip
- A Bet Slip is the online form where you select your bets, enter your stake, and confirm the wager.
- Betting Exchange
- A Betting Exchange is a platform where bettors wager against each other, with the exchange taking a commission on wins.
- Bonus
- A Bonus is an extra amount added to your deposit or bet, often subject to rollover requirements before withdrawal.
- Cash Out
- Cash Out lets you settle a bet before the event ends, locking in a profit or limiting a loss.
- Closing Line Value
- Closing Line Value compares the odds you took when placing a bet to the final odds available at kickoff.
- Expected Value
- Expected Value estimates the average profit or loss per bet if the same situation were repeated many times.
- Free Bet
- A Free Bet is a token provided by the sportsbook that can be used to place a bet without using your own money.
- Hedge
- Hedge is placing a bet on the opposite outcome to an existing bet to secure a profit or reduce risk.
- Kelly Criterion
- Kelly Criterion is a formula used to calculate the optimal size of a bet based on your edge and odds.
- Lay
- Lay is betting against an outcome happening, typically used on a betting exchange.
- Live Betting
- Live Betting lets you place bets on a match while it is in progress, with odds that update as the game unfolds.
- Margin
- Margin is the bookmaker’s built-in advantage, expressed as a percentage, which ensures they profit over time.
- Moneyline
- A Moneyline bet is a wager on which team will win the match, with odds expressed as a positive or negative number.
- Odds
- Odds represent the likelihood of an outcome and determine how much a winning bet pays out.
- Odds Boost
- Odds Boost increases the payout on a specific bet, offering higher odds than usual for a limited time.
- Over/Under
- Over/Under bets predict whether the total number of goals scored in a match will be more or less than a set figure.
- Push
- A Push occurs when a bet ends in a tie, resulting in the stake being refunded.
- Risk-Free Bet
- A Risk-Free Bet reimburses your stake if the bet loses, usually as a free bet or cash credit.
- ROI
- ROI measures the return on investment relative to the amount wagered, expressed as a percentage.
- Rollover
- Rollover is the number of times you must bet a bonus amount before it can be withdrawn.
- Unit
- A Unit is a standard amount of money used to measure the size of a bet in a staking plan.
- Void Bet
- A Void Bet is a cancelled wager where all money is returned to the bettor.