Knowledge Base
Glossary
Plain-English definitions for the terminology used across Pitch Notes.
- Accumulator
- A bet that combines multiple selections where all must win for you to get a payout.
- Arbitrage
- Placing bets on all possible outcomes with different bookmakers to guarantee a profit regardless of the result.
- Asian Handicap
- A handicap system that removes the draw option and uses half-goal lines to create closer matchups.
- Bankroll
- The total amount of money you have set aside specifically for gambling.
- Both Teams to Score
- A bet on whether both teams will score at least one goal during the match.
- Cash Out
- Settling your bet early before the event ends to secure a profit or cut your losses.
- Cashback
- A bonus that returns a percentage of your losses over a set period, usually weekly or monthly.
- Deposit Bonus
- Extra funds added to your deposit by the bookmaker, usually subject to wagering conditions.
- Double Chance
- A bet covering two of the three possible outcomes in a match, increasing your chance of winning.
- 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.
- Dutching
- Spreading your stake across multiple outcomes in the same event to achieve an equal profit no matter which one wins.
- Free Bet
- A bet credited to your account using bonus funds that you can use without risking your own money.
- Half-time/Full-time
- A bet predicting both the result at half-time and the final result of the match.
- Handicap
- A disadvantage given to one team to even out the chances of winning between uneven opponents.
- Kelly Criterion
- A mathematical formula used to determine the optimal size of your bet based on your perceived edge.
- Live Betting
- Placing bets on a match while it is actually happening, with odds that update in real-time.
- Odds
- The probability of an outcome expressed as a number, determining how much you can win.
- Over/Under
- A bet on whether a specific stat will be above or below a set number chosen by the bookmaker.
- Provably Fair
- A system that lets players verify that game results are random and not manipulated by the bookmaker.
- Rollover
- The total amount you must bet before withdrawing bonus funds or winnings earned from those bonuses.
- RTP
- Return to Player - the percentage of total bets that a game pays back to players over time.
- Stake
- The amount of money you place on a single bet.
- Value Bet
- A bet where you believe the odds offered are higher than the true probability of that outcome happening.
- Volatility
- How often and how much a game pays out - high volatility means bigger but rarer wins.
- Wagering Requirement
- The number of times you must bet your bonus money before you can withdraw it.