Knowledge Base
Glossary
Plain-English definitions for the terminology used across Pitch Notes.
- Accumulator
- A single bet that links two or more separate selections; all must win for the bet to pay out, increasing potential returns.
- Asian Handicap
- A handicap given to a team in a match that eliminates the draw outcome and adjusts the odds, often using whole or half numbers.
- Bankroll
- The total amount of money a bettor sets aside for placing bets.
- Bet Builder
- An online feature that lets you combine multiple outcomes from the same match into one personalized bet.
- Bet Slip
- The digital record on a betting site that lists the selections, odds, and stake for a wager you intend to place.
- Bonus Bet
- A free or matched bet credited to your account, usually with conditions on how it can be used.
- Cash Out
- An option to settle a bet before the event ends, locking in a profit or limiting a loss based on current odds.
- Double Chance
- A bet that covers two of the three possible match outcomes (e.g., home win or draw) in one wager.
- Draw No Bet
- A bet where you win if your chosen team wins, and you get your stake back if the match ends in a draw.
- Edge
- An advantage a bettor believes they have over the bookmaker’s odds based on analysis or information.
- Enhanced Odds
- Special odds that are higher than the standard market, often offered for a limited time on selected events.
- Fixed Odds
- Odds that are set at the time of placing the bet and do not change, regardless of later market movements.
- Free Bet
- A bet funded by the bookmaker that allows you to risk no own money, with winnings usually returned minus the free stake.
- Goal Line
- A line set by the bookmaker for the total number of goals in a match; you bet on whether the total will be over or under that line.
- Handicap
- A disadvantage given to a team to level the playing field, altering the odds and potential outcomes of a bet.
- In-Play
- Betting that takes place after an event has started, with odds updating in real time as the action unfolds.
- Juice
- The commission or fee a bookmaker adds to the odds, often reflected in the difference between true probability and listed odds.
- KYC
- "Know Your Customer," a process of verifying a bettor’s identity to prevent fraud and ensure legal compliance.
- Live Betting
- A form of betting that occurs while a match is in progress, allowing you to place wagers on changing outcomes.
- Margin
- The bookmaker’s built-in profit margin, expressed as a percentage, which determines how much the odds are adjusted in their favor.
- Over/Under
- A bet on whether a specific statistic (usually total goals) will be higher or lower than a number set by the bookmaker.
- Parlay
- A bet that combines multiple selections into one wager; all selections must win for a payout, increasing potential profit.
- Price Boost
- A promotional increase of the odds on a particular outcome, providing greater potential returns for the same stake.
- Rollover Requirement
- A condition that requires you to bet a certain multiple of a bonus or deposit before you can withdraw any winnings.
- Value Bet
- A wager where the odds offered are higher than the true probability of the outcome, suggesting a positive expected return over time.