Knowledge Base
Glossary
Plain-English definitions for the terminology used across Pitch Notes.
- Accumulator
- A bet that links multiple selections; all must win for the bet to pay out.
- Asian Handicap
- A point-spread system that gives a goal advantage or disadvantage to each team to level the odds.
- Bet Builder
- A tool that lets you combine several markets from a single match into one custom wager.
- Both Teams To Score
- A bet on whether each side will score at least one goal during the match.
- Cash Out
- A feature that lets you settle a bet before the event ends, locking in a profit or limiting a loss.
- Double Chance
- A bet that covers two of the three possible outcomes (home win/draw, away win/draw, or either side winning) in one stake.
- Draw No Bet
- A wager on a team to win; if the match ends in a draw, your stake is refunded.
- Even Money
- Odds of 2.0 (or 1/1) where the potential profit equals the amount you stake.
- Expected Value
- A calculation of the average amount you can expect to win or lose per bet, based on the odds and true probability.
- Handicap
- A point spread applied to a team’s final score to create balanced betting odds.
- In-Play
- Betting on a match after it has started, with odds that update as the game progresses.
- Jackpot
- A large, often progressive prize pool that grows until a specific bet or combination is hit.
- Lay
- To bet against an outcome occurring, essentially acting as the bookmaker for that selection.
- Margin
- The bookmaker’s built-in profit margin, expressed as a percentage of the true odds.
- Odds
- The numerical representation of how likely an outcome is, determining the potential payout.
- Over/Under
- A bet on whether a specific statistic, like total goals, will be above or below a set line.
- Parlay
- Another term for an accumulator; a single bet that combines multiple selections.
- Push
- A tie result where the final score matches the line exactly, causing all bets to be refunded.
- Round Robin
- A set of small parlays created from a list of selections, covering all possible two‑team combinations.
- Spread
- The difference between the handicap line and the actual line, used to balance betting action.
- Stake
- The amount of money you risk on a bet.
- Tip
- Expert advice or prediction on a particular betting selection.
- Void
- A bet that is canceled and the stake returned, usually because the event was postponed or a rule applied.
- Wagering Requirement
- A condition that you must bet a multiple of a bonus amount before you can withdraw any winnings from it.
- Wallet
- The account balance used to place bets and withdraw winnings on the platform.