Knowledge Base
Glossary
Plain-English definitions for the terminology used across Pitch Notes.
- Arbitrage
- Placing bets on all possible outcomes of an event across different bookmakers to guarantee a profit regardless of the result.
- Asian Handicap
- A split‑handicap system used in soccer that removes the draw and offers two possible handicap lines.
- Bankroll
- The total amount of money you have set aside for betting.
- Bet Builder
- An online tool that lets you combine multiple markets from the same match into one customized wager.
- Bonus Rollover
- The total amount of bets you must place to meet the wagering condition attached to a bonus.
- Both Teams To Score (BTTS)
- A wager on whether each side will score at least one goal during the match.
- Cash Out
- The option to settle a bet early, locking in a profit or reducing a loss before the event ends.
- Closing Line
- The final odds offered just before an event begins; skilled bettors aim to beat this line.
- Decimal Odds
- A way to express odds as a single number that includes the stake; multiply it by your bet to see total return.
- Deposit Limit
- A setting that caps the amount of money you can deposit into your account over a chosen period.
- Fractional Odds
- Odds displayed as a fraction, such as 5/1, showing the profit you make for each unit you stake.
- Free Bet
- A token provided by a bookmaker that allows you to place a bet without using your own funds.
- In-Play
- Betting that takes place after the match has started, with odds that update as the game progresses.
- Juice
- The commission a bookmaker adds to the odds, usually a built‑in percentage that ensures the house edge.
- KYC
- Know Your Customer – the process an operator uses to verify your identity and prevent fraud.
- Moneyline
- A bet that picks which team will win the match without any point spread.
- Odds
- Numbers that show how likely an event is and how much you can win if your bet succeeds.
- Over/Under
- A bet on whether the total number of goals scored will be higher or lower than a set line.
- Parlay
- A single bet that links two or more selections; all must win for the bet to pay out.
- Point Spread
- A handicap given to a team to make the betting outcome more balanced.
- Same Game Parlay
- A parlay that combines different markets from a single match, such as match result, goals, and cards.
- Self‑Exclusion
- A tool that lets you temporarily or permanently block your own account from placing bets.
- Stake
- The amount of money you put on a bet.
- Value Bet
- A bet where the odds offered are higher than the true chance of the outcome, giving an expected advantage.
- Wagering Requirement
- The number of times you must bet a bonus amount before you can withdraw any related winnings.