Knowledge Base
Glossary
Plain-English definitions for the terminology used across Pitch Notes.
- Accumulator
- An accumulator is a bet that links several outcomes together, multiplying the odds, and only pays if every selection wins.
- Arbitrage
- Arbitrage is the practice of betting on all possible outcomes of an event across different bookmakers to guarantee a profit regardless of the result.
- Asian Handicap
- Asian handicap is a type of spread betting that removes the draw option and uses half‑goal or quarter‑goal lines to avoid ties.
- Bankroll
- Bankroll is the total amount of money you set aside for betting, used to decide how much to stake on each wager.
- Both Teams to Score
- Both teams to score is a bet on whether each side will find the net at least once during the match.
- Cash Out
- Cash out gives you the option to settle a bet early, locking in a profit or cutting a loss before the event ends.
- Correct Score
- Correct score requires you to predict the exact final score of a match, such as 2‑1.
- Double Chance
- Double chance lets you cover two of the three possible match results in one bet, increasing your chance of winning.
- Draw No Bet
- Draw no bet removes the draw outcome, so if the match ends in a tie your stake is refunded.
- Free Bet
- A free bet is a promotional token you can use to wager without risking your own money, with any winnings usually withdrawable.
- Goal Line
- Goal line is a market where you bet on whether the total goals in a match will be over or under a specified number.
- Half-Time/Full-Time
- Half‑time/full‑time asks you to guess both the result at the end of the first half and the final result.
- In-Play
- In‑play betting allows you to place wagers on a match while it is happening, with odds that change as the game unfolds.
- Juice
- Juice is the commission or fee a bookmaker charges on a bet, often reflected in slightly adjusted odds.
- Margin
- Margin is the bookmaker’s built‑in advantage, expressed as a percentage, ensuring they make a profit over many bets.
- Moneyline
- A moneyline bet is a straightforward wager on which team will win the match, regardless of the score margin.
- Odds
- Odds represent the likelihood of a specific outcome happening and determine how much a winning bet will pay out.
- Over/Under
- An over/under bet predicts whether the total number of goals scored in a match will be higher or lower than a set figure.
- Parlay
- A parlay combines multiple selections into a single bet, and all of them must win for the bet to pay out.
- Payout
- Payout is the total amount of money you receive back from a winning bet, including your original stake.
- Point Spread
- A point spread assigns a handicap to a team to create a more balanced betting scenario, requiring them to win by a certain margin.
- Single Bet
- A single bet is placed on one outcome only, so you win or lose based on that one selection.
- Stake
- Stake is the amount of money you put on a bet, which is at risk if the bet loses.
- Value Bet
- A value bet occurs when you believe the true chance of an outcome is higher than the odds offered, giving you a positive expected return.
- Wagering Requirement
- Wagering requirement is the number of times you must bet a bonus amount before it can be turned into withdrawable cash.