Knowledge Base
Glossary
Plain-English definitions for the terminology used across Pitch Notes.
- Accumulator
- An accumulator combines multiple selections into a single bet, and all must win for a payout.
- American Odds
- American Odds indicate how much you must wager to win 100 units (positive) or how much you win on a 100-unit stake (negative).
- Anytime Goalscorer
- Anytime Goalscorer bets win if your chosen player scores at any point during the match.
- Arbitrage
- Arbitrage involves placing bets on all possible outcomes of an event across different bookmakers to guarantee a profit.
- Asian Handicap
- Asian Handicap gives a goal advantage or disadvantage to teams, eliminating the draw as a possible result.
- Bankroll Management
- Bankroll Management is the practice of setting a budget for betting and deciding how much to wager on each bet.
- Bet Builder
- Bet Builder lets you combine multiple markets from the same match into a single custom wager.
- Bet Slip
- Bet Slip is the digital record that lists your selected bets, stake, and potential payout.
- Bookmaker Margin
- Bookmaker Margin is the built-in advantage a bookmaker has, making the total implied probabilities exceed 100%.
- Both Teams to Score (BTTS)
- BTTS bets win if both sides score at least one goal during the match.
- Cash Out
- Cash Out lets you settle a bet before the event ends, locking in a profit or limiting a loss.
- Correct Score
- Correct Score bets require predicting the exact final score of a match.
- Decimal Odds
- Decimal Odds show the total payout per unit staked, including the original stake.
- Expected Value (EV)
- Expected Value measures the average amount you can expect to win or lose per bet over time.
- First Goalscorer
- First Goalscorer bets win if the player you pick scores the first goal of the match.
- Fractional Odds
- Fractional Odds display the profit relative to the stake, expressed as a fraction.
- Juice
- Juice is the commission a bookmaker takes on a bet, reflected in the odds.
- Live Betting
- Live Betting allows you to place bets on a match while it is in progress, with odds that update as the game unfolds.
- Odds
- Odds represent the likelihood of a specific outcome and determine how much you can win relative to your stake.
- Over/Under
- Over/Under bets predict whether the total number of goals in a match will be above or below a set number.
- Push (Tie)
- A Push happens when a bet ends in a tie, resulting in stakes being refunded without a win or loss.
- Stake
- Stake is the amount of money you risk on a bet.
- Staking Plan
- A Staking Plan is a method for deciding how much to bet based on your bankroll, such as fixed or percentage stakes.
- Value Bet
- A Value Bet occurs when the odds offered are higher than the true probability of the outcome, suggesting a profitable opportunity.
- Void Bet
- A Void Bet occurs when a wager is canceled and all stakes are returned, usually due to a match being postponed or a rule breach.