Knowledge Base
Glossary
Plain-English definitions for the terminology used across Pitch Notes.
- Asian Handicap
- A handicap system that eliminates the draw, using quarter‑goal increments to reduce ties and provide two betting options.
- Bankroll
- The total amount of money a bettor sets aside for placing bets.
- Bet Builder
- A tool that lets you combine multiple markets from the same match into a single custom bet.
- Bookmaker
- A company that sets odds and accepts bets on sports events.
- Both Teams to Score
- A market where you wager on whether each side will find the net at least once during the match.
- Cash Out
- A feature allowing you to settle a bet before the event ends, either locking in a profit or cutting a loss.
- Correct Score
- A high‑payout bet predicting the exact final score of a match.
- Cover
- When a team wins by more than the point spread set by the bookmaker, satisfying the handicap bet.
- Double Chance
- A bet that covers two of the three possible match outcomes (e.g., home win or draw), lowering the risk.
- Edge
- An advantage a bettor believes they have over the bookmaker’s odds, indicating a profitable betting opportunity.
- Enhanced Odds
- Temporary odds that are higher than the regular market, offered to attract customers to specific selections.
- Free Bet
- A promotional credit given by the bookmaker that can be used to place a bet, with any winnings returned but not the stake.
- Half‑Time/Full‑Time
- A bet that combines the result at half‑time and the result at the final whistle in one wager.
- Handicap
- A points adjustment given to a team to create balanced odds, making the favorite harder to back.
- In-Play
- Betting on match events after the game has started, with odds that update in real time.
- Moneyline
- A betting market where you simply pick which team will win the match, with odds reflecting the probability of each outcome.
- Odds
- The price of a bet, showing how much you can win relative to your stake and the implied probability of an outcome.
- Over/Under
- A bet on whether the total number of goals (or points) in a match will be over or under a set number.
- Parlay
- A single bet that links two or more selections; all must win for the bet to pay out, increasing the potential payout.
- Point Spread
- A margin set by the bookmaker that the favored team must win by for a spread bet to pay.
- Push
- A tie result where the bookmaker refunds the stake because the final outcome matches the exact spread or total.
- Rollover
- The number of times you must bet the bonus amount before you can withdraw any winnings from it.
- Unit
- A standardized stake size, usually a small percentage of your bankroll, used to manage risk.
- Value Bet
- A bet where the odds offered are higher than the true probability of the outcome, offering positive expected value.
- Vig
- The commission a bookmaker takes included in the odds, ensuring they make a profit regardless of the result.