Knowledge Base
Glossary
Plain-English definitions for the terminology used across Pitch Notes.
- Accumulator
- A single bet that links two or more selections; all must win for the bet to pay out.
- Arbitrage
- Betting on all possible outcomes of an event across different bookmakers to guarantee a profit.
- Asian Handicap
- A handicap given to a team to level the match, with half‑goal or quarter‑goal increments that eliminate the draw.
- Bankroll Management
- The practice of setting aside a dedicated budget and deciding how much to wager on each bet.
- Bet Builder
- A feature that lets you combine different markets from the same match into one wager.
- Bookmaker
- A company or person that sets odds and accepts bets from customers.
- Both Teams to Score
- A bet that both sides will score at least one goal during the match.
- Cash Out
- The option to settle a bet before the event ends, locking in a profit or limiting a loss.
- Double Chance
- A bet that covers two of the three possible outcomes (win, draw, win) in a single market.
- Draw No Bet
- A market where you back a team to win; if the match ends in a draw, the stake is refunded.
- Hedge
- Placing an opposite bet to reduce risk or lock in a profit on an existing wager.
- In-Play
- Betting that takes place after the match has started, with odds that update as the game unfolds.
- Juice
- The commission or margin a bookmaker adds to the odds, often shown as a percentage.
- Kelly Criterion
- A formula that calculates the optimal fraction of your bankroll to risk based on the perceived edge.
- Lay
- To bet against a particular outcome, acting as the bookmaker in a peer‑to‑peer bet.
- Line
- The set of odds or point spread offered for a market, also called the betting line.
- Market
- A specific betting option such as match result, total goals, or player prop.
- Odds
- The number that indicates how much you can win relative to your stake.
- Over/Under
- A bet on whether a specific statistic, usually total goals, will be above or below a set number.
- Push
- A tie in a market where all stakes are returned because the result matches the line exactly.
- Stake
- The amount of money you put on a bet.
- Straight Bet
- A single wager on one outcome, not combined with any other selection.
- Unit
- A standardized measure of bet size, often a fixed percentage of your total bankroll.
- Value Bet
- A bet where the odds offered are higher than the true probability suggests, giving an expected edge.
- Void
- A bet that is cancelled and the stake is refunded, usually because the event did not occur.