Knowledge Base
Glossary
Plain-English definitions for the terminology used across Tactical Review.
- Accumulator
- A bet that links several selections together; all of them must win for you to receive a payout.
- Arbitrage
- Exploiting differences in odds between bookmakers to secure a risk-free profit.
- Bankroll Management
- The practice of setting limits on how much you bet to protect your money.
- Bet Builder
- A tool that lets you combine different outcomes from a single match into one custom bet.
- Bet Slip
- A record that shows the bets you have placed, the amounts, and potential winnings.
- Betting Exchange
- A marketplace where bettors can back and lay against each other, rather than against a bookmaker.
- Bookmaker Margin
- The built-in advantage in the odds that ensures the bookmaker makes a profit over time.
- Cashback
- A promotion that gives you back a portion of your losses over a certain period.
- Dutching
- Betting on all possible outcomes of an event to guarantee a profit no matter which one occurs.
- Free Bet
- A bet funded by the bookmaker that you can use without risking your own money.
- Handicap
- A points advantage or disadvantage assigned to a team to make the odds more even.
- In-Play Betting
- Placing a bet on a match while it is already being played.
- Kelly Criterion
- A formula used to decide how much of your bankroll to bet based on your perceived edge.
- Lay Bet
- A bet that a specific outcome will not happen, usually offered on betting exchanges.
- Odds
- The number that shows how likely an outcome is and how much you can win relative to your stake.
- Odds Comparison
- Checking odds from multiple sources to find the best value for a bet.
- Over/Under
- A bet on whether a specific statistic, like total goals, will be higher or lower than a set number.
- Payout
- The total money you receive when a bet wins, including your original stake.
- RTP
- RTP (Return to Player) indicates the percentage of total money wagered on a game that is paid back to players over time.
- Spread Betting
- A bet on whether a team's performance will be above or below a forecasted range set by the bookmaker.
- Stake
- The amount of money you risk on a bet.
- Value Bet
- A bet where the odds offered are higher than the true chance of the outcome, giving an expected profit.
- Volatility
- A measure of how often and how large the payouts are in a game; high volatility means bigger but less frequent wins.
- Wagering Requirement
- A condition that states how many times you must bet the bonus amount before you can withdraw any winnings.