Knowledge Base
Glossary
Plain-English definitions for the terminology used across Tactical Review.
- Arbitrage Betting
- Arbitrage betting exploits differences in odds across bookmakers to guarantee a profit regardless of the result.
- Asian Handicap
- Asian handicap assigns a positive or negative goal advantage to a team to eliminate draws and create balanced odds.
- Back Bet
- A back bet is a conventional wager that an outcome will happen, placed against the exchange.
- Bankroll Management
- Bankroll management is the practice of setting and sticking to a budget for betting to avoid chasing losses.
- Bookmaker Bonus
- A bookmaker bonus is a promotional offer, such as free bets or deposit matches, subject to specific terms.
- Cash Out
- Cash out lets you settle a bet before the event ends, offering a reduced payout based on current odds.
- Closing Line
- The closing line is the final set of odds offered just before a match begins, considered the most accurate.
- Decimal Odds
- Decimal odds show the total payout per unit wagered, including the original stake.
- Expected Value
- Expected value estimates the average profit or loss per bet if the same wager were repeated many times.
- Fading the Public
- Fading the public means betting against the majority's choice, hoping the outcome differs from popular sentiment.
- Hedging
- Hedging means placing additional bets to reduce potential loss or lock in a profit on an existing wager.
- In-Play Betting
- In-play betting allows you to place bets on a match while it is happening, with odds that update live.
- Juice
- Juice, also called vig, is the commission a bookmaker adds to the odds, ensuring a profit regardless of outcome.
- Kelly Criterion
- The Kelly Criterion calculates the optimal fraction of your bankroll to bet based on your edge.
- Lay Bet
- A lay bet is a wager that an outcome will not happen, typical on betting exchanges.
- Line Movement
- Line movement refers to changes in the odds or point spread after they are first posted, often due to betting action.
- Over/Under
- Over/Under is a bet on whether the total number of goals/scores in a match will be above or below a set line.
- Parlay
- A parlay combines multiple selections into a single wager, and all must win for the bet to pay out.
- Pre-Match Odds
- Pre-match odds are the betting lines set before a game starts, reflecting each team's expected chances.
- Public Money
- Public money describes large bets placed by casual bettors, often influencing line movement toward the favored side.
- Staking Plan
- A staking plan defines how much of your bankroll to wager on each bet, often as a fixed percentage or unit.
- Steam Move
- A steam move is a rapid, significant shift in odds caused by heavy betting activity on one side.
- Value Bet
- A value bet occurs when the odds offered are higher than the true probability suggests, giving an expected profit over time.
- Wagering Requirement
- A wagering requirement states how many times you must bet a bonus amount before you can withdraw any winnings.