Knowledge Base
Glossary
Plain-English definitions for the terminology used across Pitch Notes.
- Accumulator
- A bet that combines two or more selections; every selection must win for you to get a payout.
- Asian Handicap
- A handicap given to a team that removes the draw option, using whole or half goals to make the bet more balanced.
- Bankroll
- The money you set aside for betting; keeping it separate from everyday finances helps you manage spending.
- Bet Builder
- A feature that lets you combine different outcomes from one match into a single custom bet.
- Bet Slip
- The screen or paper that lists the bets you want to place, showing the odds and possible winnings.
- Betting Exchange
- An online platform where bettors can back or lay outcomes against each other, often with lower fees than a traditional betting site.
- Both Teams to Score (BTTS)
- A bet on whether each side will score at least one goal during the match.
- Cash Out
- A feature that lets you settle a bet before the match ends, locking in a profit or limiting a loss.
- Double Chance
- A bet that covers two of the three possible results of a match, like a home win or a draw.
- Draw No Bet
- A bet where you get your money back if the match ends in a draw; otherwise you win on the team you chose.
- Expected Goals (xG)
- A number that estimates how many goals a team should have scored based on the quality of its chances.
- Fixed Odds
- The odds that are set when you place your bet; they do not change even if the market moves.
- Free Bet
- A token you receive that lets you place a bet without using your own money; any winnings usually do not include the original stake.
- Handicap Betting
- A bet that gives one team a virtual advantage or disadvantage to make the contest more even for betting purposes.
- In-Play Betting
- Betting on a match while it is happening, with odds that update as the game goes on.
- Juice
- The extra charge included in the odds that the betting site keeps as profit.
- KYC
- Know Your Customer; the process of confirming your identity to follow legal rules and protect against fraud.
- Lay Bet
- Betting that a particular outcome will not happen, such as a team losing, often done on a betting exchange.
- Margin
- The percentage advantage the betting site builds into the odds; a lower margin means better value for you.
- Odds Boost
- A temporary increase in the odds for a selected market, giving you a higher potential payout for a limited time.
- Over/Under
- A bet on whether a specific statistic, like total goals, will be higher or lower than a set number.
- Parlay
- A bet that combines several selections; all must win for you to receive a payout, offering higher odds than a single bet.
- Push
- A result where the bet is returned because the outcome exactly matches the line, such as a final score of exactly the set total.
- Stake
- The amount of money you risk on a bet; multiplying the stake by the odds gives you the potential profit.
- Value Bet
- A bet where the odds offered are higher than the true chance of the outcome, giving you a positive expected return over time.