Knowledge Base
Glossary
Plain-English definitions for the terminology used across Tactical Review.
- Arbitrage
- Exploiting differences in odds between sportsbooks to place opposing bets and secure a profit regardless of the result.
- Asian Handicap
- A spread system that gives a handicap to each team to eliminate the draw, offering two possible winning outcomes.
- Bankroll
- The total amount of money you have set aside for betting, used to decide how much to risk on each bet.
- Bet Slip
- The digital record that lists the games, odds, and amount you are betting on before you confirm the wager.
- Cash Out
- An option to settle a bet before the event ends, letting you lock in a profit or cut a loss.
- Closing Line
- The final odds available just before a match starts; beating the closing line indicates you got better odds than the market.
- Futures
- A bet on an event that will be decided in the future, like which nation will win the World Cup.
- Goal Line
- A type of spread for soccer matches where you bet on whether a team will win by more goals than the line or keep it closer.
- Hedge
- Placing a second bet on the opposite outcome to guarantee a profit or reduce risk after an original wager.
- Kelly Criterion
- A formula that calculates the optimal percentage of your bankroll to bet based on the edge you have.
- Live Betting
- Placing a wager after the match has started, with odds that change in real time as the game progresses.
- Moneyline
- A bet on which team will win the match, with odds that reflect the chance each side has of winning outright.
- Over/Under
- A wager on whether the total number of goals scored in a match will be higher or lower than a number set by the sportsbook.
- Parlay
- A single bet that combines two or more selections; every selection must win for the parlay to pay out, increasing the potential profit.
- Payout
- The total amount you receive when a bet wins, including your original stake plus any profit.
- Point Spread
- A handicap added to a team's final score to make both outcomes equally attractive for bettors, commonly called the spread.
- Prop Bet
- A bet on a specific event inside a match, such as which player scores first or how many yellow cards are given.
- Public Money
- The total amount of bets placed by recreational bettors, which can signal where the crowd is leaning.
- ROI
- Return on Investment; the net profit from betting expressed as a percentage of the total amount wagered.
- Stake
- The amount of money you risk on a single bet, which determines your potential profit if the bet wins.
- Unit
- A standardized measure of bet size, often a small percentage of your bankroll, used to track performance consistently.
- Value Bet
- A wager where the odds offered are higher than the true probability of the outcome, giving you an edge.
- Vig
- The commission or fee that the sportsbook charges for taking your bet, usually built into the odds.