Knowledge Base
Glossary
Plain-English definitions for the terminology used across Pitch Notes.
- Accumulator
- a bet that combines multiple selections and multiplies the odds together, offering a larger payout if all win.
- Asian Handicap
- a spread that removes the draw option and uses half‑goal or quarter‑goal lines to reduce ties.
- Bankroll
- the total amount of money set aside for betting; managing it helps avoid big losses.
- Bet Builder
- a tool that lets you combine different markets from the same match into one custom bet.
- Bookmaker
- a company that sets odds and accepts bets on sporting events.
- Cash Out
- a feature that lets you settle a bet before the event ends, locking in a profit or cutting a loss.
- Deposit Bonus
- a match of your deposit amount as a bonus, often subject to wagering requirements before withdrawal.
- Edge
- a statistical advantage you believe you have over the bookmaker's odds.
- Free Bet
- a promotional credit given by the bookmaker that can be used to place a bet; any winnings are usually returned but not the stake.
- Futures
- a bet placed on an outcome that will be decided later, such as which team wins the tournament.
- In-Play
- another term for live betting; it refers to odds offered during a match.
- Juice
- the commission or fee a bookmaker adds to the odds, also called vig.
- Live Betting
- placing bets on a match while it is already in progress, with odds that update as the game unfolds.
- Margin
- the bookmaker's built‑in profit margin, expressed as a percentage of the true odds.
- Market
- a specific betting option, such as match result, over/under, or prop bet.
- Moneyline
- a bet on which team will win the match outright, with odds shown as a positive or negative number.
- Odds
- the number that tells you how much you can win relative to your bet; higher odds mean bigger payout but lower chance.
- Outright
- a futures bet on the overall winner of a league, cup, or competition.
- Over/Under
- a bet on whether the total number of goals (or points) in a match will be higher or lower than a set number.
- Parlay
- a single bet that links two or more selections; all must win for the bet to pay out, giving higher odds.
- Prop Bet
- a side bet on a specific event within a match, like which player scores first, not tied to the final result.
- Spread
- a point advantage given to the underdog to make both teams equally attractive to bet on.
- Stake
- the amount of money you place on a bet.
- Unit
- a standard measurement of stake size, often a fixed percentage of your bankroll, used to keep bets consistent.
- Value Bet
- a bet where the odds offered are higher than the true probability suggests, giving an expected advantage.