Knowledge Base
Glossary
Plain-English definitions for the terminology used across Pitch Notes.
- Accumulator
- An accumulator is a bet that links several selections; the winnings from each selection roll over to the next, and you win only if all selections win.
- American odds
- American odds use a plus or minus sign to indicate how much you win on a $100 bet or how much you need to stake to win $100.
- Arbitrage
- Arbitrage, or 'arbing', is exploiting differences in odds across sportsbooks to guarantee a profit regardless of the result.
- Asian Handicap
- Asian handicap gives a team a half-goal or whole-goal advantage or disadvantage to eliminate the draw as an option.
- Bankroll
- Your bankroll is the total amount of money you have set aside for betting.
- Bet slip
- A bet slip is the record of your chosen selections and the amount you wish to stake before you confirm the bet.
- Cash out
- Cash out is a feature that lets you settle a bet before the match ends, locking in a profit or limiting a loss.
- Decimal odds
- Decimal odds show the total payout per unit staked, including the original stake; for example, 2.50 means you get $2.50 for every $1 bet.
- Deposit bonus
- A deposit bonus matches a percentage of your deposit with bonus funds, giving you extra money to bet with.
- Fractional odds
- Fractional odds display the profit relative to the stake, such as 5/1 meaning you win $5 for each $1 wagered.
- Free bet
- A free bet is a token you can use to place a wager without using your own money, and any winnings are usually returned without the stake.
- In-play betting
- In-play betting allows you to place bets on a match while it is already in progress, with odds that change as the game unfolds.
- Juice
- Juice, also called vig, is the commission a sportsbook takes on a bet, built into the odds so the book makes a profit.
- Line movement
- Line movement refers to changes in the odds or spread over time as more bets are placed or new information becomes available.
- Live betting
- Live betting is another term for in-play betting, letting you wager on events as they happen during the match.
- Moneyline
- A moneyline is a bet on which team will win the match, with odds expressed as a positive or negative number.
- Parlay
- A parlay combines multiple selections into a single bet, and all of them must win for the bet to pay out.
- Price boost
- A price boost is a promotion that increases the odds on a specific selection, giving you a higher potential payout.
- Risk-free bet
- A risk-free bet is a promotion that refunds your stake if the bet loses, usually as a free bet or bonus.
- Spread
- The spread assigns a handicap to the favored team to make the odds more balanced.
- Stake
- The stake is the amount of money you risk on a bet.
- Total
- A total bet, also known as an over/under, is a wager on whether the combined number of goals in a match will be higher or lower than a set number.
- Value bet
- A value bet is a wager where the odds offered are higher than the true probability of the outcome, giving you an expected profit.
- Wagering requirement
- A wagering requirement tells you how many times you must bet the bonus amount before you can withdraw any winnings.