Knowledge Base
Glossary
Plain-English definitions for the terminology used across Tactical Review.
- Accumulator
- A bet that links multiple selections into one wager, requiring every selection to win for a payout.
- Arbitrage
- Exploiting differing odds across bookmakers to guarantee a profit by covering all possible outcomes.
- Asian Handicap
- A handicap that gives one team a fractional or whole-goal advantage or disadvantage to level the odds.
- Bankroll
- The total amount of money you have set aside for betting.
- Bookmaker
- A company that sets odds and accepts bets on sports events.
- Both Teams To Score
- A bet on whether each team will score at least one goal during the match.
- Cash Out
- An option to settle a bet before the event ends, letting you lock in a profit or cut a loss.
- Double Chance
- A bet that covers two of the three possible outcomes of a match, increasing your chance to win.
- Dutching
- Spreading your stake across multiple outcomes in the same event to ensure a profit or reduce risk.
- Edge
- Your perceived advantage over the bookmaker's odds, allowing you to find bets that are likely to be profitable over time.
- Expected Value
- The average amount you can expect to win or lose per bet if you repeat the same wager many times.
- Goal Line
- The total number of goals set by the bookmaker; you choose to bet over or under that line.
- Half-Time/Full-Time
- A bet that predicts the result at half-time and again at full-time, combining two predictions.
- Juice
- The commission or fee that the bookmaker charges, often reflected in the odds as the extra amount you pay.
- Kelly Criterion
- A mathematical formula that tells you the optimal percentage of your bankroll to risk on a bet based on your edge.
- Live Betting
- Placing bets on a match while it is already in progress, with odds that update during the game.
- Margin
- The built-in profit that the bookmaker includes in the odds, ensuring they make money regardless of the result.
- Matched Betting
- Using free bets and promotions offered by bookmakers to lock in a profit by betting on all possible results.
- Odds
- The number that tells you how much you can win relative to the amount you bet.
- Over/Under
- A bet on whether the total number of goals (or points) will be more or less than a set line.
- Parlay
- A single bet that combines two or more selections; all must win for the bet to pay out.
- Stake
- The money you put at risk on a bet.
- Surebet
- A situation where arbitrage is possible, allowing you to place bets on all outcomes and secure a guaranteed profit.
- Unit
- A standard sized bet, usually a small percentage of your bankroll, used to keep your wagering consistent and manage risk.
- Value Bet
- A bet where the odds offered are higher than the true probability suggests, giving you a potential long-term edge.