Knowledge Base
Glossary
Plain-English definitions for the terminology used across Pitch Notes.
- Accumulator
- A single bet that combines multiple selections; all must win for the bet to pay out.
- American Odds
- Odds displayed as a positive or negative number; positive shows profit on a $100 bet, negative shows how much you must bet to win $100.
- Asian Handicap
- A spread that gives a virtual advantage or disadvantage to a team to level the playing field, allowing bets with adjusted odds.
- Bankroll
- The total amount of money you have set aside for betting.
- Bankroll Management
- The practice of deciding how much to bet on each wager to protect your funds over time.
- Bet Slip
- The digital ticket where you confirm the details of your bet, including the selection, stake, and potential payout.
- Bonus
- Extra funds credited to your account by the sportsbook, often tied to deposit or wagering conditions.
- Both Teams To Score
- A bet on whether each team will score at least one goal during the match.
- Cash Out
- A feature that lets you settle a bet before the event ends, locking in a profit or loss based on the current score.
- Correct Score
- A bet that requires predicting the exact final score of a match.
- Decimal Odds
- Odds expressed as a single number that includes your stake; multiply your stake by this number to calculate total returns.
- Double Chance
- A bet that covers two possible outcomes of a match, increasing your chance of winning.
- Fractional Odds
- Odds shown as a fraction; the numerator shows profit, the denominator shows the stake needed.
- Free Bet
- A promotional token you can use to place a bet without risking your own money.
- Half-Time/Full-Time
- A bet that asks you to predict the result at half time and again at full time.
- Handicap
- A betting line that gives one team a virtual lead or deficit to make the odds more balanced.
- KYC
- Know Your Customer, a process where the sportsbook verifies your identity to prevent fraud and comply with regulations.
- Live Betting
- Placing bets on a match while it is in progress, with odds that update as the game unfolds.
- Moneyline
- A bet on which team will win the match, with odds shown as a positive or negative number.
- Over/Under
- A bet on whether the total number of goals in a match will be higher or lower than a set number.
- RTP
- Return to Player, a percentage that indicates how much of the total bets a game pays back to players over time.
- Self-Exclusion
- A tool that allows you to temporarily block yourself from betting on the site for a set period.
- Stake
- The amount of money you wager on a bet.
- Value Bet
- A bet where the odds offered are higher than the true probability suggests, giving you an expected profit.
- Wagering Requirement
- The number of times you must bet a bonus amount before you can withdraw any winnings.