Knowledge Base
Glossary
Plain-English definitions for the terminology used across Tactical Review.
- Accumulator
- An accumulator is a bet that combines multiple selections, where the winnings from each selection roll over to the next, and you win only if all selections win.
- Arbitrage Betting
- Arbitrage betting involves placing bets on all possible outcomes of an event across different bookmakers to guarantee a profit regardless of the result.
- Bankroll Management
- Bankroll management is the practice of setting a budget for betting and deciding how much to wager on each bet to avoid losing too much.
- Bet Builder
- Bet Builder is a tool that lets you combine multiple markets from the same event into a single custom bet.
- Betting Exchange
- A betting exchange is a platform where bettors can wager against each other, acting as a market maker rather than a traditional bookmaker.
- Bonus
- A bonus is extra funds or credits added to your account, often subject to conditions before you can withdraw.
- Cash Out
- Cash out lets you settle a bet before the event ends, locking in a profit or cutting a loss based on the current odds.
- Cashback
- Cashback is a promotion that returns a portion of a player's losses over a set period, often as a bonus credit.
- Free Bet
- A free bet is a promotional credit you can use to place a bet without using your own money, with any winnings usually returned minus the free bet stake.
- Handicap
- A handicap is a points or goals adjustment applied to a team to level the playing field, affecting the odds and final settlement.
- Hedge
- Hedging is placing a second bet on the opposite outcome to reduce risk or lock in a profit after an initial bet.
- In-Play Betting
- In-Play betting allows you to place bets on a match after it has started, with odds that update as the game progresses.
- Kelly Criterion
- The Kelly Criterion is a formula that calculates the optimal fraction of your bankroll to bet based on the perceived edge and odds.
- Lay Bet
- A lay bet is a wager that an outcome will not happen; you win if the event fails to occur and lose if it succeeds.
- Matched Betting
- Matched betting uses free bets and promotions to create risk‑free bets by covering all possible outcomes of an event.
- Odds
- Odds represent the likelihood of an outcome and determine how much a winning bet pays out.
- Over/Under
- Over/Under bets predict whether the total score or a specific statistic will be higher or lower than a line set by the bookmaker.
- Parlay
- A parlay is a single bet that links two or more selections; all must win for the bet to pay out.
- Provably Fair
- Provably Fair is a system that lets players verify that each game result was generated fairly, using cryptographic proof.
- RTP
- RTP stands for Return to Player, expressed as a percentage that indicates how much of the total bets a game pays back to players over time.
- Spread Betting
- Spread betting is a wager where the payout depends on how accurate your prediction is relative to a spread set by the bookmaker.
- Stake
- A stake is the amount of money you place on a bet.
- Value Bet
- A value bet is a wager where the odds offered are higher than the true probability of the outcome, giving the bettor an edge over the bookmaker.
- Volatility
- Volatility describes how often and how large the payouts of a game vary; high volatility means bigger but rarer wins.
- Wagering Requirement
- A wagering requirement is a condition that says how many times you must bet a bonus or winnings before you can withdraw them.