Knowledge Base
Glossary
Plain-English definitions for the terminology used across Pitch Notes.
- Accumulator
- A bet that combines multiple selections into one wager; all selections must win for the bet to pay out.
- Asian Handicap
- A type of bet that gives one team a virtual advantage or disadvantage to level the playing field, eliminating the draw.
- Bet Builder
- A feature that lets you combine different outcomes from the same match into a single bet.
- Bonus Rollover
- The number of times you must wager a bonus amount before you can withdraw any winnings.
- Cash Out
- A feature that lets you settle a bet before the event ends, locking in a profit or limiting a loss.
- Correct Score
- A bet predicting the exact final score of a match.
- Double Chance
- A bet that covers two of the three possible outcomes of a match, increasing your chance to win.
- Draw No Bet
- A bet where you win if your chosen team wins, and get your stake back if the match ends in a draw.
- Edge
- The perceived advantage a bettor believes they have over the bookmaker’s odds.
- Free Bet
- A promotional token that allows you to place a bet without risking your own money.
- House Edge
- The built-in advantage the bookmaker has in any bet, ensuring they profit over the long term.
- In-Play
- Bets placed after the match has started, with odds that update as the game progresses.
- KYC
- Know Your Customer; the process of verifying a player’s identity to prevent fraud and comply with regulations.
- Margin
- The bookmaker’s profit margin built into odds, often expressed as a percentage.
- Odds
- The likelihood of an outcome expressed as a number, determining how much you can win relative to your stake.
- Over/Under
- A bet on whether the total number of goals or points in a match will be over or under a specified line.
- Push
- A tie result in a bet where the stake is returned and no one wins.
- RTP
- Return to Player; the percentage of total bets a game returns to players over time.
- Self-Exclusion
- A tool that allows players to block themselves from betting for a set period.
- Stake
- The amount of money you risk on a bet.
- Underdog
- The team expected to lose a match, often with higher odds.
- Value Bet
- A bet where the odds offered are higher than the true probability of the outcome, giving you an edge.
- Wager
- The act of risking money on an outcome, also called a bet.
- Welcome Bonus
- A promotional offer for new customers, usually a matched deposit or free bets.