Knowledge Base
Glossary
Plain-English definitions for the terminology used across Tactical Review.
- Accumulator
- A single bet that combines multiple selections; all must win for the bet to pay out.
- American Odds
- Odds expressed as a positive or negative number; positive shows profit on a $100 bet, negative shows how much you must bet to win $100.
- Arbitrage
- Exploiting differences in odds across bookmakers to guarantee a profit regardless of the result.
- Asian Handicap
- A handicap given to a team to level the playing field, often removing the draw option and using half‑goal lines.
- Back Bet
- A conventional bet that an outcome will happen, as opposed to a lay bet.
- Bankroll
- The total amount of money you have set aside for betting.
- Bet Builder
- A tool that lets you combine multiple markets from the same match into a single custom bet.
- Bet Slip
- A digital record that lists the selections you want to bet on and the amount you are wagering.
- Bookmaker
- A company that sets odds and accepts bets on sporting events.
- Cash Out
- A feature that lets you settle a bet before the event ends, locking in a profit or reducing a loss.
- Decimal Odds
- Odds expressed as a single number that includes your stake; multiply your stake by this number to calculate total return.
- Fractional Odds
- Odds shown as a fraction, such as 5/1; the first number indicates profit you make for each unit of the second number staked.
- Free Bet
- A promotional credit that allows you to place a bet without using your own money; any winnings are usually returned without the stake.
- Hedge
- Placing a second bet on the opposite outcome to guarantee a profit or limit loss.
- In-Play
- Betting on a match while it is already in progress, with odds that update as the game unfolds.
- Juice
- The commission a bookmaker adds to the odds, often reflected as the extra vigorish included in the line.
- Kelly Criterion
- A mathematical formula that calculates the optimal size of a bet based on your perceived edge and the odds.
- Lay Bet
- A bet that a particular outcome will not happen, typically used on a betting exchange.
- Margin
- The bookmaker’s built‑in advantage, expressed as a percentage, that ensures they make a profit over the long term.
- Odds
- A number that shows how much you can win if your bet wins, compared to the amount you staked.
- Over/Under
- A bet on whether the total number of goals (or points) in a match will be higher or lower than a set figure.
- Stake
- The amount of money you place on a bet.
- Unit
- A standard amount of money used to size bets, usually a fixed percentage of your bankroll.
- Value Bet
- A bet where the odds offered are higher than the true probability of the outcome, offering potential long‑term profit.
- Wagering Requirement
- The number of times you must bet a bonus amount before you can withdraw any winnings derived from it.