Knowledge Base
Glossary
Plain-English definitions for the terminology used across Pitch Notes.
- Accumulator
- A type of parlay where winnings from one selection roll onto the next, increasing potential payout.
- Arbitrage
- Exploiting differences in odds across bookmakers to guarantee a profit regardless of the result.
- Asian Handicap
- A split-handicap betting line that reduces the possible outcomes to two, eliminating the draw option.
- Bankroll
- The total amount of money set aside for betting, separate from everyday finances.
- Bet Builder
- A tool that lets you combine multiple markets from the same match into a single custom wager.
- Bonus Abuse
- Strategies that exploit bonus rules in ways not intended, which can lead to account restrictions.
- Both Teams to Score
- A market where you bet on whether each side will score at least one goal during the match.
- Cash Out
- A feature allowing you to settle a bet before the event ends, locking in a profit or cutting a loss.
- Free Bet
- A promotional credit that can be used to place a bet, with any winnings usually returned minus the stake.
- In-Play Betting
- Placing a wager on a match while the game is ongoing, with odds that update in real time.
- Juice
- The commission a bookmaker charges on a bet, often built into the odds.
- Kelly Criterion
- A formula used to calculate the optimal size of a bet based on perceived edge and probability.
- Margin
- The bookmaker’s built-in profit margin, expressed as a percentage of the total odds.
- Moneyline
- A straight bet on which team will win a match, with odds expressed as a positive or negative number.
- No Deposit Bonus
- A welcome offer that credits funds without requiring a deposit, often subject to wagering conditions.
- Odds Boost
- A promotion that increases the odds on a selected bet, offering a higher potential return.
- Over/Under
- A bet on whether the total number of goals scored in a match will be higher or lower than a set line.
- Parlay
- A single bet that links multiple selections; all must win for the bet to pay out.
- Point Spread
- A handicap applied to the favored team to level the betting field, requiring the favorite to win by a certain margin.
- Responsible Gambling
- Practices and tools that help players stay in control and avoid harmful gambling behavior.
- Self-Exclusion
- A formal option to block access to your betting account for a set period or permanently.
- Stake
- The amount of money you risk on a bet.
- Terms & Conditions
- The official rules and restrictions that govern promotions, bonuses, and account usage.
- Value Bet
- A wager where the odds offered are higher than the true probability of the outcome, indicating potential profit.
- Wagering Requirement
- The number of times bonus funds must be wagered before they can be withdrawn.