Knowledge Base
Glossary
Plain-English definitions for the terminology used across Tactical Review.
- Arbitrage
- Exploiting differing odds across bookmakers to place bets on all possible outcomes and secure a risk‑free profit.
- Asian Handicap
- A spread bet that gives a virtual advantage or disadvantage to teams, eliminating the draw and balancing odds.
- Bankroll
- The total amount of money you have set aside for betting, used to manage your overall spending and risk.
- Cash Out
- A feature that lets you settle a bet before the event ends, locking in a profit or limiting a loss based on current odds.
- Closing Line
- The final odds set by the bookmaker just before an event starts, often used to evaluate the quality of a bet.
- Dutching
- Distributing your stake across multiple outcomes in the same event so that you profit regardless of which one wins.
- Expected Value
- The average amount you can expect to win or lose per bet if you placed the same bet many times, calculated from the odds and probability.
- Hedge
- Placing a second bet on the opposite outcome to guarantee a profit or reduce risk after an original bet becomes favorable.
- In-Play
- Betting on match events after the game has started, with odds that update live as the action unfolds.
- Juice
- The commission that a bookmaker charges on a bet, usually built into the odds, represented as a percentage of the total wagers.
- Kelly Criterion
- A formula that calculates the optimal size of a bet based on your edge and the odds, balancing growth and risk.
- Line Movement
- Changes in the odds or spread after the initial release, caused by betting action, news, or market adjustments.
- Moneyline
- A bet that picks which team will win the match outright, with odds reflecting each team's implied chance of winning.
- Odds
- The price of a bet, showing how much you can win relative to your stake, expressed in decimal, fractional, or American format.
- Over/Under
- A bet on whether the total number of goals, points, or other stats in a match will be higher or lower than a set line.
- Parlay
- A single bet that links two or more selections; all must win for the bet to pay out, offering higher odds than separate bets.
- Public Money
- The portion of bets placed by casual bettors, often reflected in odds that move toward popular teams.
- ROI
- Return on Investment; the net profit or loss from betting relative to the total amount wagered, expressed as a percentage.
- Spread
- A margin of points added to the underdog’s score to create balanced betting odds for both teams.
- Stake
- The amount of money you place on a bet, which determines your potential payout if the bet wins.
- Steam
- Rapid, significant odds movement across multiple books, typically triggered by large wagers from sharp bettors.
- Unit
- A standardized portion of your bankroll, used to size bets consistently and track performance across many wagers.
- Value Bet
- A wager where the odds offered are higher than the true probability of the outcome, giving you a positive expected return over time.
- Yield
- The net profit generated from the total amount of money wagered over a period, expressed as a percentage of the wagered sum.