Knowledge Base
Glossary
Plain-English definitions for the terminology used across Pitch Notes.
- Accumulator
- A single bet that links multiple selections; all must win for the bet to pay out.
- Arbitrage
- Placing bets on every possible outcome of an event across different sportsbooks to guarantee a profit regardless of the result.
- Asian Handicap
- A spread that halves bets on a draw, reducing the chance of a push in soccer.
- Bankroll
- The total amount of money you set aside for placing bets.
- Bet Builder
- A feature that lets you combine several markets from a single match into one custom wager.
- Bet Slip
- The digital record that lists your selections, odds, and stake before you confirm a bet.
- Bonus Rollover
- The number of times you must wager a bonus amount before you can withdraw it.
- Cash Out
- An option to settle a bet early for a reduced payout based on current odds.
- Double Chance
- A bet that covers two of the three possible outcomes of a match, such as home win or draw.
- Free Bet
- A promotional credit you can use to place a bet without risking your own money.
- Futures
- A bet placed on the outcome of a tournament, award, or season before it starts.
- Handicap
- A points adjustment applied to a team’s final score to create more balanced betting odds.
- In-Play Betting
- Placing bets on a match while it is already in progress, with odds that update live.
- Juice
- The commission or fee a sportsbook adds to the odds, often called the vig.
- Moneyline
- A straight bet on which team will win a match, expressed with positive or negative odds.
- Over/Under
- A wager on whether the total number of goals or points in a match will be higher or lower than a set line.
- Parlay
- A single bet that combines two or more selections, requiring all to win for a payout.
- Point Spread
- The margin of points a sportsbook sets to level the playing field between two teams.
- Price Boost
- A limited-time promotion that increases the odds on a specific selection.
- Proposition Bet
- A wager on a specific event within a match, such as which player scores first.
- Push
- A tie result in a bet where the stake is returned and no profit or loss is made.
- Rollover Requirement
- The total amount you must wager before bonus funds become eligible for withdrawal.
- Self-Exclusion
- A tool that lets you voluntarily block your own account for a set period to help control gambling.
- Value Bet
- A wager where the odds offered are higher than the true probability, giving you a theoretical edge.
- Wagering Requirement
- The condition that you must bet a certain multiple of a bonus before it can be cashed out.