Knowledge Base
Glossary
Plain-English definitions for the terminology used across Pitch Notes.
- Accumulator
- Similar to a parlay, a bet that links multiple outcomes and grows the potential payout with each added selection.
- Arbitrage
- Betting on all possible outcomes of an event across different bookmakers to guarantee a profit regardless of the result.
- Bankroll
- The total amount of money you have set aside for betting.
- Bet builder
- A feature that lets you combine multiple betting markets from a single match into one wager, often with adjusted odds.
- Cash out
- A feature that lets you settle a bet before the event ends, either securing a profit or limiting a loss.
- Decimal odds
- A way of expressing odds as a single number, where the total payout equals the stake multiplied by that number.
- Dutching
- Spreading your stake across multiple selections in the same event to ensure a profit no matter which one wins.
- Edge
- An advantage you believe you have over the bookmaker’s odds, often based on analysis or information.
- Future
- A bet placed on an outcome that will be decided later in the tournament, such as who will win the World Cup.
- Handicap
- A points adjustment applied to a team’s final score to create more balanced betting odds.
- Hedging
- Placing an opposite bet to reduce risk or lock in a profit on an existing wager.
- In-play betting
- Placing a bet after a match has started, with odds that update as the game unfolds.
- Juice
- The commission or fee a sportsbook charges, typically built into the odds.
- Moneyline
- A bet on which team will win a match, with odds expressed as a positive or negative number.
- Odds
- A number that shows how likely an outcome is and how much you can win if your bet is correct.
- Odds boost
- A promotion that increases the payout odds on a selected bet for a limited time.
- Over/Under
- A bet on whether the total score of a match will be higher or lower than a set number.
- Parlay
- A single bet that combines two or more selections; all must win for the bet to pay out.
- Props
- Bets on specific player or team performances that are not directly tied to the final score.
- Push
- When a bet ends in a tie and the stake is returned, resulting in no win or loss.
- Spread
- A point advantage given to the underdog, used to level the playing field for betting purposes.
- Stake
- The amount of money you put on a bet.
- Unit
- A standard measure of bet size, often a fixed percentage of your bankroll, used to manage risk.
- Yield
- The net profit from a series of bets expressed as a percentage of the total amount wagered.