Knowledge Base
Glossary
Plain-English definitions for the terminology used across Pitch Notes.
- Accumulator
- a bet that links two or more selections; all must win for the bet to pay out.
- Asian Handicap
- a spread betting style that gives a goal advantage or disadvantage to teams, eliminating the draw as a possible outcome.
- Bankroll
- the total amount of money set aside for betting.
- Bet Builder
- a feature that lets you combine multiple outcomes from a single match into one wager.
- Betting Exchange
- a platform where punters bet against each other, setting their own odds rather than betting against a bookmaker.
- Both Teams to Score
- a bet on whether both sides will score at least one goal during the match.
- Cash Out
- an option to settle a bet before the event ends, locking in a profit or cutting a loss.
- Double Chance
- a bet that covers two of the three possible outcomes (e.g., home win or draw).
- Each-Way
- a two-part bet: one part on the selection to win, the other on it finishing in a placed position.
- Evens
- odds that return the same amount as the stake (2.0 in decimal format).
- Fractional Odds
- odds displayed as a fraction, showing profit relative to the stake (e.g., 5/1 means you win five times your stake).
- Half-Time/Full-Time
- a bet that predicts both the result at half-time and the final result.
- In-Play
- betting on a match while it is already in progress.
- Lay
- to bet against an outcome, acting as the bookmaker and risking the opposite result.
- Market
- a specific set of outcomes you can bet on, such as 'Both Teams to Score' or 'Total Goals'.
- Odds
- the likelihood of an outcome expressed as a number, determining how much you can win.
- Over/Under
- a bet on whether a specific statistic, like total goals, will be above or below a set line.
- Point Spread
- the handicap given to a team to level the betting field, used mainly in US sports.
- Push
- a tie result where all bets are refunded because the outcome matches the line exactly.
- Stake
- the amount of money you wager on a bet.
- Tip
- a recommendation or prediction provided by an expert to help you choose a bet.
- Unit
- a standardized measure of bet size, often a small percentage of your bankroll, used to manage risk.
- Value Bet
- a bet where the odds offered are higher than the true probability suggests, offering potential long-term profit.
- Void
- a cancelled bet where the stake is returned, usually because a match was postponed or the market was not settled.
- Wagering Requirement
- a condition that you must bet a certain amount (often a multiple of a bonus) before you can withdraw bonus funds.
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