Knowledge Base
Glossary
Plain-English definitions for the terminology used across Pitch Notes.
- Asian Handicap
- Asian Handicap is a spread betting style that eliminates the draw option and offers more granular point spreads, often in half‑goal increments.
- Bankroll Management
- Bankroll management means setting a budget for betting and sticking to a plan that determines how much to wager on each bet.
- Bet Slip
- A bet slip is the digital record that lists your selected bets, stake amounts, and potential payouts before you confirm a wager.
- Bonus
- A bonus is an extra amount of funds added to your account, often subject to terms and conditions such as wagering requirements.
- Bookmaker
- A bookmaker is a company or person that sets odds and accepts bets on sporting events.
- Both Teams to Score
- Both Teams to Score is a market where you bet on whether each side will score at least one goal during the match.
- Cash Out
- Cash Out gives you the option to settle a bet before the event concludes, locking in a profit or minimizing a loss based on current odds.
- Edge
- Edge refers to the advantage a bettor believes they have over the bookmaker’s odds, often calculated as a positive expected value.
- Expected Value
- Expected value estimates the average profit or loss per bet if the same wager were placed many times, guiding you toward profitable decisions.
- Free Bet
- A free bet is a promotion that lets you place a wager without using your own money, with any winnings usually returned minus the free bet stake.
- In-Play
- In‑play refers to betting on events that are currently happening, with odds updating in real time as the action progresses.
- Juice
- Juice, also called vigorish, is the commission a bookmaker charges for taking a bet, typically built into the odds.
- KYC
- KYC stands for Know Your Customer, a process where the betting site verifies your identity to comply with legal and security standards.
- Live Betting
- Live betting allows you to place wagers on a match while it is in progress, with odds that shift as the game unfolds.
- Moneyline
- A Moneyline bet is a straightforward wager on which team will win a match, with odds expressed as a positive or negative number.
- Odds
- Odds represent the probability of a specific outcome happening and determine how much you can win relative to your stake.
- Over/Under
- Over/Under bets involve predicting whether the total number of goals scored in a match will be higher or lower than a set figure.
- Parlay
- A Parlay combines multiple selections into a single bet, and all selections must win for the bet to pay out, increasing potential returns.
- Prop Bet
- A Prop bet focuses on a specific event within a match, such as which player will score first or how many yellow cards are issued.
- Spread
- The spread assigns a handicap to a team to level the playing field, making the favorite give points and the underdog receive points.
- Unit
- A unit is a standard amount of money used to measure the size of your bets, typically a small percentage of your total bankroll.
- Value Bet
- A value bet occurs when you believe the odds offered are higher than the true probability of the outcome, giving you a long‑term advantage.
- Wagering Requirement
- A wagering requirement is the amount of money you must bet before you can withdraw bonus funds.