Knowledge Base
Glossary
Plain-English definitions for the terminology used across Pitch Notes.
- Accumulator
- a bet that combines multiple selections; all must win for the bet to pay out.
- Asian Handicap
- a handicap given to teams to level the odds, removing the draw option.
- Bankroll
- the total amount of money set aside for betting.
- Bet Builder
- a feature that lets you combine multiple outcomes of a single match into one bet.
- Bet Slip
- the electronic record of your chosen bets and potential winnings.
- Cash Out
- an option to settle a bet before the event ends, locking in a profit or loss.
- Double Chance
- a bet covering two of the three possible outcomes of a match.
- Draw No Bet
- a bet where you win if your team wins, and get your stake back if it’s a draw.
- Even Money
- odds of 2.0, meaning a winning bet doubles your stake.
- First Goalscorer
- a bet on which player will score the first goal in a match.
- Fixed Odds
- odds that are set at the time of the bet and don’t change.
- Handicap Betting
- giving one team a virtual advantage or disadvantage to balance odds.
- In-Play Betting
- placing bets after a match has started, with odds that update live.
- Joint Favorite
- two or more teams or players with the same lowest odds to win.
- Live Betting
- betting while the event is ongoing, with odds that change as the game progresses.
- Margin
- the bookmaker’s built-in profit margin, expressed as a percentage.
- Moneyline
- a straightforward bet on which side will win, with odds reflecting the true probability.
- Odds
- the likelihood of an outcome expressed as a number, determining potential payout.
- Over/Under
- a bet on whether a specific statistic (like total goals) will be above or below a set line.
- Parlay
- a bet that links multiple selections; all must win for a payout (similar to accumulator).
- Push
- a tie result in a bet where the stake is returned, often in totals or handicaps.
- Stake
- the amount of money you risk on a bet.
- Underdog
- the team or player expected to lose, often with higher odds.
- Void
- a bet that is cancelled and the stake is refunded, usually because the event was postponed.
- Wagering Requirement
- the number of times you must bet a bonus amount before you can withdraw any winnings.