Knowledge Base
Glossary
Plain-English definitions for the terminology used across Pitch Notes.
- Accumulator
- Similar to a parlay, a bet that combines multiple selections and multiplies the odds.
- Anytime Goalscorer
- A bet on a player scoring at any point during the match.
- Arbitrage
- Exploiting differences in odds across bookmakers to guarantee a profit regardless of outcome.
- Asian Handicap
- A handicap given to teams to eliminate the draw option, offering two possible outcomes.
- Bankroll
- The total amount of money set aside for betting.
- Bet Slip
- The record of a chosen bet, including selections, odds, and stake.
- Both Teams To Score
- A market where the bettor predicts whether each team will score at least one goal.
- Cash Out
- A feature allowing the bettor to settle a bet before the event concludes, locking in a profit or loss.
- Correct Score
- A bet that predicts the exact final score of a match.
- Double Chance
- A bet that covers two of the three possible outcomes (home win/draw, away win/draw, or home win/away win).
- Draw No Bet
- A bet that eliminates the draw outcome; if the match ends in a draw, the stake is refunded.
- Edge
- The statistical advantage a bettor believes they have over the bookmaker's odds.
- First Goalscorer
- A bet on which player will score the first goal in a match.
- Hedge
- Placing a counter bet to reduce risk or lock in a profit on an existing bet.
- In-Play
- Same as live betting; refers to odds and markets available during the match.
- Juice
- The commission or fee that a bookmaker adds to the odds, also called 'vig'.
- Live Betting
- Placing bets on a match while it is in progress, with odds updating in real time.
- Odds
- The representation of the likelihood of an outcome and determine the payout for a winning bet.
- Over/Under
- A bet on whether a statistic (like total goals) will be above or below a set line.
- Parlay
- A single bet that links two or more selections; all must win for the bet to pay out.
- Responsible Gambling
- Practices and tools (like self‑exclusion, deposit limits) that help bettors stay in control of their betting activity.
- Single Bet
- A bet placed on one outcome; win or lose depends solely on that selection.
- Stake
- The amount of money a bettor places on a bet.
- Value Bet
- A bet where the odds offered are higher than the true probability of the outcome, giving an edge.
- Vig
- The built-in profit margin in betting odds; short for 'vigorish'.