Knowledge Base
Glossary
Plain-English definitions for the terminology used across Pitch Notes.
- Accumulator
- A single bet that links multiple selections; all choices must win for the bet to pay out.
- Asian Handicap
- A handicap given to each team that removes the draw option and balances the perceived difference in strength.
- Bankroll Management
- The practice of deciding how much of your total budget to risk on each bet to avoid running out of money.
- Bet Slip
- A record of the selections you have made and the amount you are wagering.
- Bonus
- Extra funds or credits added to your account by the sportsbook, often subject to conditions before you can withdraw.
- Bookmaker
- A company that sets odds and accepts bets.
- Both Teams To Score
- A bet on whether each team will score at least one goal during the match.
- Cashback
- A refund of a portion of your losses, usually offered as a bonus that can be used for further bets.
- Double Chance
- A bet that covers two of the three possible outcomes (home win/draw, away win/draw, or home/away win) in one wager.
- Draw No Bet
- A bet where you win if your chosen team wins, and get your stake back if the match ends in a draw.
- Free Bet
- A promotional token that lets you place a bet without using your own money; any winnings are usually returned to you.
- Juice
- Another name for the bookmaker’s margin; the extra profit the bookmaker keeps by adjusting the odds.
- Line Movement
- The change in odds or point spreads after they are first posted, often caused by betting action or new information.
- Margin
- The built‑in profit percentage a bookmaker includes in the odds, so the odds are lower than the true chance of the event.
- Odds
- The number that tells you how much you can win relative to your stake, and reflects how likely a result is.
- 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.
- Payout
- The total money you receive if your bet wins, including your original stake.
- Provably Fair
- A system that uses math to prove that a bet’s outcome was not tampered with.
- RTP
- Short for Return to Player; the percentage of total wagers a game is expected to pay back to players over time.
- Stake
- The amount of money you put on a bet.
- Steam
- A rapid, widespread shift in odds across many bookmakers, usually because a large amount of money is placed on one side.
- Value Bet
- A bet where the odds offered are higher than the true probability of the outcome, giving you a potential edge.
- Volatility
- A measure of how much a game’s payouts fluctuate; high volatility means larger but less frequent wins.
- Wagering Requirement
- The number of times you must bet a bonus amount before you can cash out any winnings derived from it.