Knowledge Base
Glossary
Plain-English definitions for the terminology used across Pitch Notes.
- Accumulator
- A bet that combines two or more selections, and all of them must win for the bet to pay out.
- Asian Handicap
- A handicap given to a team to remove the draw option, making both outcomes equally attractive.
- Bankroll
- The total money you have set aside for betting activities.
- Bet Builder
- A tool that lets you combine multiple markets from a single match into one custom bet.
- Bonus
- An extra amount of funds or free bets offered by a bookmaker, often with conditions attached.
- Both Teams To Score (BTTS)
- A bet on whether both teams will score at least one goal during the match.
- Cash Out
- An option to settle your bet before the event ends, locking in a profit or limiting a loss.
- Chasing Losses
- The risky habit of increasing your bets after a loss in an attempt to recover the money you’ve lost.
- Correct Score
- A bet that requires you to predict the exact final score of a match.
- Double Chance
- A bet that covers two of the three possible outcomes (win, draw, win) in a match.
- Draw No Bet
- A bet that returns your stake if the match ends in a draw, otherwise you win on the chosen outcome.
- Each Way
- A bet split into a win part and a place part; you get a payout if the selection wins or finishes in the placed positions.
- First Goalscorer
- A bet on which player will score the first goal in a match.
- Free Bet
- A bet credited to your account that you can use without risking your own money, usually subject to terms.
- In-Play
- Betting on a match while it is still ongoing, with odds that change as the game progresses.
- KYC
- The process a bookmaker uses to verify your identity to prevent fraud and comply with regulations.
- Margin
- The bookmaker’s profit margin added to the odds, also called the 'vig' or 'juice'.
- Match Result
- A straightforward bet on which team will win or whether the match will end in a draw.
- Odds
- The number that reflects the likelihood of an outcome and determines how much you can win relative to your stake.
- Over/Under
- A bet on whether a specific stat, like total goals, will be higher or lower than a set line.
- Push
- A tie outcome where the bet is cancelled and the stake is refunded.
- RTP
- The percentage of total money wagered on a game that is returned to players over time, indicating the game's payout rate.
- Stake
- The amount of money you risk on a bet.
- Void
- A bet that is declared invalid by the bookmaker, with stakes returned to the bettor.
- Wagering Requirement
- The number of times you must bet a bonus amount before you can withdraw any winnings from it.