Knowledge Base
Glossary
Plain-English definitions for the terminology used across Pitch Notes.
- Accumulator
- An accumulator links several selections in one bet; you win only if every selection is correct.
- Arbitrage
- Arbitrage, or arbing, is the practice of betting on all possible outcomes of an event at different odds to guarantee a profit.
- Asian Handicap
- Asian Handicap removes the draw option and splits your stake into two half‑bets, reducing the chance of a push.
- Bankroll Management
- Bankroll management is the practice of deciding how much money to risk on bets to stay within your budget.
- Bet Builder
- Bet Builder is a tool that lets you combine different outcomes from a single match, like goals, cards, or corners, into one wager.
- Bet Slip
- A bet slip is the online form that records your selected odds, stake, and potential return before you confirm the wager.
- Bookmaker
- A bookmaker is a company that sets odds and accepts bets on sports events.
- Both Teams To Score
- Both Teams To Score (BTTS) is a wager that both sides will score at least one goal during the match.
- Cash Out
- Cash Out lets you settle a bet before the match ends, locking in a profit or cutting a loss.
- Correct Score
- Correct Score is a bet on the exact final score of a match, like 2‑1.
- Dutching
- Dutching is the technique of spreading a stake across several outcomes so that you profit regardless of which one wins.
- Free Bet
- A free bet is a token the bookmaker gives you that can be used to place a wager without using your own money.
- Handicap
- A handicap gives one team a virtual advantage or disadvantage to make the betting more even.
- In-Play
- In-Play bets are placed after a match has started, letting you react to what’s happening on the field.
- Juice
- Juice is the commission or fee a bookmaker charges, often reflected in odds that are slightly less than true probability.
- Kelly Criterion
- The Kelly Criterion is a formula that calculates the optimal size of a bet to maximize long‑term growth.
- Margin
- The margin, also called the overround, is the bookmaker’s built‑in profit margin embedded in the odds.
- Market
- A market is a specific betting option, such as the winner of a match, total goals, or a player prop.
- Odds
- Odds represent the chance of an outcome happening and show how much you can win for each unit you stake.
- Over/Under
- Over/Under is a bet on whether the total number of goals in a match will be higher or lower than a set number.
- Payout
- A payout is the total amount you receive when a bet wins, including your original stake plus profit.
- Pre-Match
- Pre-Match refers to bets placed before a match begins, as opposed to live or in‑play bets.
- ROI
- ROI, or return on investment, measures the profit or loss from your bets relative to the amount you wagered.
- Stake
- The stake is the amount of money you risk on a bet.
- Value Bet
- A value bet is a selection where the odds offered are higher than the true chance of the outcome, giving you an edge.