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.
- Asian Handicap
- A spread betting system that gives a positive or negative goal advantage to each team, making both outcomes roughly equal.
- Bankroll
- The total amount of money you set aside for placing bets.
- Bonus Wagering Requirement
- The condition that you must bet a set multiple of a bonus before any related winnings can be withdrawn.
- Cash Out
- A feature that lets you settle a bet early, locking in a profit or cutting a loss before the event finishes.
- Decimal Odds
- A way of showing odds as a single decimal number that already includes the return of your stake.
- Expected Value
- The average amount you can expect to win or lose per bet if you repeat it many times.
- Free Bet
- A credit given by a bookmaker to bet with, usually with restrictions on how or when it can be used.
- Handicapping
- The process of studying teams, players and stats to estimate the likely outcome of a match.
- In-Play Betting
- Placing a wager on a match after it has started, with odds that change as the game progresses.
- Juice
- The commission or cut a bookmaker adds to the odds, often expressed as a percentage of the total bet.
- Lay Bet
- A bet that a specific outcome will not happen, typically offered on betting exchanges.
- Moneyline
- A straight‑forward bet on which team will win a match, with odds shown as a positive or negative number.
- Over/Under
- A bet on whether a specific match statistic, such as total goals, will be higher or lower than a set line.
- Parlay
- A single bet that combines two or more selections; all must win for a payout.
- Prop Bet
- A wager on a specific event inside a match, like which player scores first or how many cards are shown.
- Push
- A tie result where the bet is canceled and the stake is returned to the bettor.
- Responsible Gambling Tools
- Features such as deposit limits, time‑outs and self‑exclusion that help you stay in control of betting.
- Same Game Parlay
- A parlay built from multiple markets within a single match, allowing you to combine related outcomes.
- Spread
- The point‑difference line used in spread betting to make both teams equally attractive to bettors.
- Stake
- The amount of money you risk on a single bet.
- Value Bet
- A bet where the odds offered are higher than the true probability of the outcome, giving an edge.
- Void Bet
- A bet that is canceled and the stake refunded, usually because a match was postponed or ruled invalid.
- Wagering Requirement
- The rule that you must wager a certain total before bonus funds can be withdrawn.
- Zero Risk Bet
- A situation where you bet on all possible outcomes of an event to guarantee a profit regardless of the result.