Knowledge Base
Glossary
Plain-English definitions for the terminology used across Pitch Notes.
- Accumulator
- An accumulator is a single bet that links together two or more selections; all of them must win for you to get a payout.
- Asian Handicap
- Asian Handicap gives a virtual advantage or disadvantage to a team to remove the draw option and make odds more balanced.
- Back
- To back a team or outcome means to place a bet that it will happen.
- Bankroll
- Bankroll is the total amount of money you have set aside for placing bets.
- Bet Builder
- Bet Builder lets you combine different markets from the same match into one custom bet.
- Bookmaker
- A bookmaker is a company or person that sets odds and accepts bets on sports events.
- Cash Out
- Cash Out allows you to settle a bet before the event ends, locking in a profit or cutting a loss.
- Cashback
- Cashback is a promotion that returns a portion of your losses as a free bet or credit.
- Double Chance
- Double Chance covers two of the three possible match outcomes in a single bet, increasing your chance to win.
- Draw No Bet
- Draw No Bet is a bet on a team to win; if the match ends in a draw, your stake is refunded.
- Each Way
- Each Way splits your bet into a win part and a place part, paying out if your selection wins or places.
- Edge
- Edge is the perceived advantage you think you have over the bookmaker’s odds on a particular bet.
- First Goal Scorer
- First Goal Scorer is a bet on which player will score the first goal in the match.
- In-Play
- In-Play means placing bets on a match while it is already in progress, with odds that update live.
- Lay
- To lay a bet is to bet against an outcome happening, essentially acting as the bookmaker.
- Live Odds
- Live Odds are the constantly changing odds offered during an In-Play event.
- Market
- A market is a specific betting option, such as match result, total goals, or player performance.
- Over/Under
- Over/Under is a bet on whether a statistic, like total goals, will be above or below a set number.
- Point Spread
- Point Spread is a handicap applied to a team’s final score to create more balanced betting odds.
- Price Boost
- Price Boost is a promotion that increases the odds on a specific selection for better potential returns.
- ROI
- ROI, or Return on Investment, measures the profit you make relative to the amount you have wagered.
- RTP
- RTP, or Return to Player, is the percentage of total wagered money that a game pays back to players over time.
- Spread Betting
- Spread Betting is a wager where the payout depends on how accurate your prediction is, rather than a fixed stake.
- Void
- Void means a bet is cancelled and the stake is refunded, usually because the event did not happen.
- Wagering Requirement
- Wagering Requirement is the number of times you must bet a bonus amount before you can withdraw it.