Knowledge Base
Glossary
Plain-English definitions for the terminology used across Pitch Notes.
- Accumulator
- An accumulator combines multiple selections into one bet, and all must win for a payout, multiplying the potential return.
- Asian Handicap
- Asian handicap gives a team a positive or negative goal handicap, eliminating the draw and offering two possible winning outcomes.
- Bankroll
- Your bankroll is the total amount of money you set aside for betting, separate from everyday finances.
- Bookmaker
- A bookmaker is a company that sets odds and accepts bets, taking the opposite side of the customer's wager.
- Both Teams to Score (BTTS)
- BTTS bets win if each side scores at least one goal during the match, regardless of the final result.
- Cash Out
- Cash out lets you settle a bet before the event ends, locking in a profit or limiting a loss based on the current odds.
- Closing Line
- The closing line is the final set of odds offered just before an event starts; getting a better line than the closing line indicates a good bet.
- Correct Score
- A correct score bet asks you to predict the exact final score of the match.
- In-Play Betting
- In-play betting lets you place bets on match events after the game has started, with odds updating in real time.
- Juice
- Juice, also called vig, is the commission a bookmaker charges for taking a bet, built into the odds.
- Limit
- A limit is the maximum amount a bookmaker will accept on a particular bet, often set to manage risk.
- Line Movement
- Line movement describes how the odds or spread change over time as more bets are placed and information becomes available.
- Live Betting
- Live betting is the same as in‑play betting, allowing you to wager on a game as it unfolds.
- Moneyline
- A moneyline bet is a straightforward wager on which team will win the match, with odds reflecting each team's chance.
- Odds
- Odds show how likely an outcome is and how much money you get back for each dollar you bet.
- Odds Boost
- An odds boost is a promotion that increases the payout on a specific bet, giving you better returns than the regular odds.
- Over/Under
- Over/under bets predict whether the total number of goals scored in a match will be higher or lower than a set number.
- Public Money
- Public money refers to bets placed by casual players, often heavily backing a popular team and influencing the line.
- ROI
- ROI measures the net profit or loss from bets relative to the total amount wagered, expressed as a percentage.
- Single Bet
- A single bet is a wager on one selection; you win if that selection wins.
- Spread
- The spread assigns a handicap to a team to level the playing field, making the favorite need to win by more goals for a bet to pay.
- Stake
- The stake is the amount of money you risk on a bet; winning returns include the profit plus the original stake.
- Unit
- A unit is a standardized portion of your bankroll used to size bets consistently across different wager types.
- Value Bet
- A value bet occurs when the odds offered by a bookmaker are higher than the true probability of the outcome, giving an edge.