Knowledge Base
Glossary
Plain-English definitions for the terminology used across Pitch Notes.
- Arbitrage
- Arbitrage involves placing bets on all possible outcomes across different sportsbooks to guarantee a profit regardless of the result.
- Asian Handicap
- An Asian handicap eliminates the draw by using half‑ or quarter‑goal lines, offering two possible outcomes instead of three.
- Banker Bet
- A banker bet is a highly confident selection added to a multi‑bet to increase the overall odds.
- Bankroll
- Your bankroll is the total amount of money you set aside for placing bets.
- Bet Slip
- A bet slip is a digital record that lists your selected bets, the stake, and potential payout before you confirm the wager.
- Bonus
- A bonus is extra funds credited to your account by a sportsbook, often subject to certain conditions before withdrawal.
- Both Teams To Score
- Both teams to score is a wager on whether each side will score at least one goal during the match.
- Cash Out
- Cash out allows you to settle a bet before the event ends, locking in a profit or cutting a loss.
- Correct Score
- A correct score bet asks you to predict the exact final score of a match.
- Draw No Bet
- In a draw no bet market, you receive your stake back if the match ends in a draw; otherwise the winner is paid.
- Free Bet
- A free bet is a token that lets you place a wager without using your own money, with only the profit usually withdrawable.
- Handicap
- A handicap gives one team an artificial advantage or disadvantage to create a more balanced betting market.
- In-Play
- In-play betting lets you place bets on a match after it has started, with odds that update as the game progresses.
- Moneyline
- A moneyline bet is a straightforward wager on which team will win a match, with odds shown as a positive or negative number.
- Odds
- Odds express the likelihood of an outcome and determine how much a winning bet will pay out.
- Over/Under
- An over/under bet predicts whether a specific statistic, like total goals, will be higher or lower than a set line.
- Parlay
- A parlay combines multiple selections into a single bet, and all of them must win for the bet to payout.
- Point Spread
- A point spread assigns a handicap to the favored team, requiring them to win by a certain margin for the bet to pay.
- Push
- A push occurs when the result lands exactly on the betting line, resulting in the stake being returned with no loss or gain.
- RTP
- Return to Player (RTP) is the percentage of total wagered money a game returns to players over time, indicating its expected payout.
- Stake
- The stake is the sum of money you risk on a particular bet.
- Total
- The total is the combined score or statistic that over/under bets are based on.
- Value Bet
- A value bet is a wager where the odds offered are higher than the true probability of the outcome, giving you an expected edge.
- Volatility
- Volatility measures how often and how large payouts occur in a game, affecting the risk level for players.
- Wagering Requirement
- A wagering requirement is the number of times you must bet a bonus before any resulting winnings can be withdrawn.