Knowledge Base
Glossary
Plain-English definitions for the terminology used across Pitch Notes.
- Accumulator
- Accumulator is a bet that combines multiple selections, and the winnings from each pick roll over to the next.
- Arbitrage
- Arbitrage is betting on all possible outcomes of an event across different bookmakers to guarantee a profit.
- Asian Handicap
- Asian Handicap is a spread that eliminates the draw option, giving each team a half‑goal or quarter‑goal advantage.
- Bankroll
- Bankroll is the money you have set aside specifically for placing bets.
- Bet Builder
- Bet Builder is an online tool that lets you create a custom bet by picking different markets within one match.
- Bet Settlement
- Bet Settlement is the process of calculating and paying out winnings after the event you bet on is finished.
- Cash Out
- Cash Out lets you settle your bet before the event ends, locking in a profit or limiting a loss.
- Cashback
- Cashback is a refund of a portion of your losses, usually credited as a bonus or real cash.
- Dutching
- Dutching is spreading your stake across multiple outcomes in the same event to secure an equal profit regardless of which one wins.
- Edge
- Edge is the statistical advantage you have over the bookmaker’s odds, increasing your potential long‑term profit.
- Free Bet
- Free Bet is a bonus token you can use to place a wager without risking your own money.
- In-Play
- In-Play refers to betting on a match while it is happening, with odds that update as the game progresses.
- Juice
- Juice is the commission the bookmaker adds to the odds, often called the vig, which is built into the price you bet.
- Kelly Criterion
- Kelly Criterion is a formula that calculates the optimal size of your stake based on your edge.
- Lock
- Lock is a bet that is considered almost certain to win, often used in arbitrage situations.
- Odds
- Odds tell you how much you can win if your bet wins, shown as numbers that reflect the chance of an outcome.
- Over/Under
- Over/Under is a bet on whether the total number of goals in a match will be more or less than a set number.
- Parlay
- Parlay is a single bet that links two or more selections; all must win for the bet to pay out.
- Push
- Push occurs when the result lands exactly on the spread, resulting in a void for spread bets.
- Self-Exclusion
- Self-Exclusion is a tool that lets you block yourself from betting on the site for a set period.
- Spread
- Spread is a points adjustment the bookmaker adds to one team’s score to level the betting field.
- Stake
- Stake is the amount of money you risk on a single bet.
- Value Bet
- Value Bet is a wager where the odds offered are higher than the true chance of the outcome, giving you an edge.
- Void
- Void means the bet is cancelled and your stake is returned, usually because the event did not happen.
- Wagering Requirement
- Wagering Requirement is the amount you must bet before bonus money can be withdrawn.