Knowledge Base
Glossary
Plain-English definitions for the terminology used across Pitch Notes.
- Arbitrage
- exploiting differences in odds across bookmakers to guarantee a profit regardless of the outcome.
- Asian Handicap
- a point spread that gives one team a fractional goal advantage or disadvantage to level the playing field.
- Banker
- a highly confident selection that you treat as a sure win, often used to boost the odds of an accumulator.
- Bankroll management
- the practice of deciding how much money to allocate for betting and how to size each bet.
- Bet Builder
- an online feature that lets you combine multiple markets from the same match into a single wager.
- Bet slip
- the electronic record on a betting site that lists your chosen selections, odds, and stake before you confirm.
- Both teams to score
- a bet that wins if each side scores at least one goal during the match.
- Cash out
- a feature that lets you settle a bet before the event ends, either locking in a profit or cutting a loss.
- Correct score
- a wager on the exact final score of a match, such as 2‑1 or 3‑0.
- Cover
- a betting term meaning a team’s margin of victory is sufficient to satisfy the point spread.
- Draw no bet
- a market that removes the draw option, so you win if your chosen team wins and get your stake back if it ends in a draw.
- First goal scorer
- a bet on which player will net the opening goal of a match.
- Half-time/full-time
- a bet that requires you to predict the result at both half‑time and full‑time, like Home/Home or Draw/Away.
- Implied probability
- the chance of an outcome that the odds suggest, calculated by dividing 1 by the decimal odds.
- In-play betting
- placing or changing bets after the match has started, with odds updating in real time.
- Juice
- the commission that a bookmaker adds to the odds, also called vigorish or vig.
- Moneyline
- a straightforward bet on which team will win the match, with odds reflecting the relative strength of each side.
- Odds
- the numerical price of a bet that tells you how much you can win relative to your stake.
- Over/Under
- a bet on whether the total number of goals scored in a match will be higher or lower than a number set by the bookmaker.
- Parlay
- a single bet that links two or more selections and pays out only if every selection wins.
- Point Spread
- a margin of victory set by the bookmaker to create balanced betting action on both teams.
- Push
- a tie outcome in a bet where the stakes are returned because the result matched the spread exactly.
- Stake back
- a promotion where a bookmaker refunds your stake if a specific condition is met, such as your team losing by a narrow margin.
- Value bet
- a wager where the odds offered are higher than the true probability of the outcome, giving you an edge.
- Vig
- the built‑in profit margin in a bet, typically around 5%, that ensures the bookmaker makes money regardless of the result.