Knowledge Base
Glossary
Plain-English definitions for the terminology used across Pitch Notes.
- Arbitrage
- Arbitrage is a betting strategy that exploits differences in odds across bookmakers to guarantee a profit regardless of the outcome.
- Asian Handicap
- Asian Handicap is a spread betting system that gives a goal advantage or disadvantage to a team to remove the draw option.
- Bankroll
- Bankroll is the total amount of money you have set aside for placing bets.
- Bet Slip
- Bet Slip is the digital record that lists the selections, odds, and potential payout before you confirm a bet.
- Both Teams to Score (BTTS)
- Both Teams to Score (BTTS) is a market where you bet on whether each side will score at least one goal.
- Cash Out
- Cash Out is a feature that lets you settle a bet before the event ends, locking in a profit or loss.
- Closing Line
- Closing Line is the final set of odds offered just before an event starts, used to evaluate betting performance.
- Correct Score
- Correct Score is a bet that predicts the exact final score of a match.
- Futures
- Futures is a bet on an event that will be decided in the future, such as which team will win the World Cup.
- Goal Line
- Goal Line is a type of over/under bet focused on the total number of goals in a match.
- Hedging
- Hedging is placing a second bet on the opposite outcome to reduce risk or guarantee a profit.
- House Edge
- House Edge is the built-in advantage a bookmaker has in any bet, expressed as a percentage of each wager.
- In-Play Betting
- In-Play Betting is placing bets on a match while it is happening, with odds that change as the game progresses.
- Juice
- Juice is the commission that a bookmaker charges for taking a bet, included in the odds.
- Moneyline
- Moneyline is a bet on which team will win a match, expressed as a positive or negative number.
- Odds
- Odds are numbers that show how likely an outcome is and how much money you can win if your bet is correct.
- Over/Under
- Over/Under is a bet on whether the total number of goals or points in a match will be higher or lower than a set number.
- Parlay
- Parlay is a single bet that combines two or more selections; all of them must win for the bet to pay out.
- Payout
- Payout is the total amount of money you receive when a bet wins, including your original stake.
- Point Spread
- Point Spread is a handicap given to the underdog to make the two teams equally attractive for betting.
- Rollover Requirement
- Rollover Requirement is the number of times you must bet a bonus amount before you can withdraw any winnings.
- Stake
- Stake is the amount of money you risk on a single bet.
- Unit
- Unit is a standard size for a bet, usually a small percentage of your bankroll, used to manage risk.
- Value Bet
- Value Bet is a bet where the odds offered are higher than the true probability of the outcome, suggesting a positive expected return.