Knowledge Base
Glossary
Plain-English definitions for the terminology used across Pitch Notes.
- Accumulator
- A bet that combines multiple selections into one; all must win for a payout.
- Asian Handicap
- A type of handicap that gives one team a fractional goal advantage and eliminates the draw.
- Bankroll
- The total money you set aside for betting.
- Bet Builder
- An online feature that lets you combine different markets from a single match into one bet.
- Betting Exchange
- A platform where bettors can back or lay outcomes, essentially betting against each other.
- Both Teams To Score
- A bet on whether both teams will score at least one goal during a match.
- Cash Out
- A feature that lets you settle a bet early, either locking in a profit or cutting a loss.
- Double Chance
- A bet that covers two of the three possible match outcomes, increasing your winning chance.
- Draw No Bet
- A bet that refunds your stake if the match ends in a draw, paying out only if your chosen team wins.
- Each-Way
- A bet that has a win part and a place part; you get a payout if the selection wins or finishes in a place.
- First Goalscorer
- A bet on which player scores the first goal in a match.
- Handicap Betting
- A bet that applies a virtual advantage or disadvantage to a team to level the odds.
- In-Play Betting
- Placing bets on a match while it is already in progress, with odds that change during the game.
- Juice
- The commission that a bookmaker charges on a bet, also called vigorish.
- Lay Bet
- A bet that a specific outcome will not happen; you profit if it fails.
- Match Result
- A straightforward bet on the final outcome of a match: home win, draw, or away win.
- Odds
- The number that reflects how likely an outcome is and determines how much a winning bet pays.
- Over/Under
- A bet on whether a specific stat, like total goals, will be above or below a set value.
- Parlay
- A bet that links several selections; all must win for a payout.
- Price Boost
- A promotional increase in the odds offered on a selection, giving a higher potential payout.
- Profit Margin
- The percentage built into the odds that ensures the bookmaker makes money over time.
- Rollover Requirement
- A condition that requires you to wager a bonus a certain number of times before you can withdraw it.
- Single Bet
- A bet on a single outcome, as opposed to combining multiple selections.
- Value Bet
- A bet where the odds seem higher than the true likelihood of the outcome, offering a potential edge.
- Void Bet
- A bet that is cancelled and your stake is returned, usually because the event was postponed or a rule was broken.