Knowledge Base
Glossary
Plain-English definitions for the terminology used across Pitch Notes.
- Accumulator
- A single bet that combines two or more selections; all must win for the bet to pay out.
- Asian Handicap
- A spread that gives a team a fractional goal advantage or disadvantage to level the match.
- Bankroll
- The total amount of money set aside for placing bets.
- Bet Builder
- A feature that lets you combine multiple outcomes from the same match into one wager.
- Cash Out
- A option to settle a bet early for a reduced payout, locking in profit or limiting loss.
- Correct Score
- A bet on the exact final score of a match at the end of regulation time.
- Double Chance
- A bet that covers two of the three possible outcomes in a match, such as a home win or draw.
- Draw No Bet
- A market where you back a team to win; if the match ends in a draw, the stake is refunded.
- Each Way
- Two bets on one selection: one to win and one to place, with a fraction of the odds paid if the selection places.
- Edge
- An advantage a bettor believes they have over the bookmaker’s odds.
- Free Bet
- A token credited by the bookmaker that can be used to place a bet without using own funds.
- Handicap
- A fictional advantage or disadvantage applied to a team to create balanced odds.
- In-Play
- Bets placed after the match has started, with odds that update as the game progresses.
- Lay
- To bet against an outcome, acting as the bookmaker on a betting exchange.
- Margin
- The built-in profit margin for the bookmaker, calculated as the overround of all possible outcomes.
- Odds
- The numerical price of a bet, indicating the implied probability and potential payout.
- Over/Under
- A bet on whether a specific statistic, such as total goals, will be higher or lower than a set line.
- Push
- A tie result in a market where the bet is refunded because the outcome exactly matches the line.
- Risk-Free Bet
- A promotion that refunds the stake if the bet loses, usually as a free bet.
- Self-Exclusion
- A voluntary ban that a player can set to block access to their account for a set period.
- Stake
- The amount of money placed on a bet.
- Time-Out
- A short, voluntary break from betting that a player can set to pause their account for a set period.
- Value Bet
- A wager where the odds offered are higher than the true probability of the outcome, offering positive expected value.
- Wagering Requirement
- The number of times bonus funds must be turned over before withdrawal is allowed.