Knowledge Base
Glossary
Plain-English definitions for the terminology used across Pitch Notes.
- Accumulator
- A single bet that links several outcomes, with winnings from each win rolled into the next, creating a larger potential payout.
- Arbitrage
- Betting on all possible outcomes of an event across different bookmakers to guarantee a profit regardless of the result.
- Asian Handicap
- A handicap betting method that eliminates the draw and gives teams a fraction or whole-goal advantage to balance odds.
- Banker
- A highly confident selection used in a multiple bet to improve the overall odds.
- Bankroll
- The total money you have set aside for placing bets.
- Both Teams To Score
- A bet on whether each side will score at least one goal during the match.
- Cash Out
- A feature that lets you settle a bet before the event ends, locking in a profit or limiting a loss.
- Correct Score
- A wager that predicts the exact final score of a match.
- Draw No Bet
- A market where you bet on a team to win; if the match ends in a draw, your stake is refunded.
- Edge
- Your perceived statistical advantage over the bookmaker’s odds, which can improve your long‑term profitability.
- First Goalscorer
- A bet on which player will score the first goal of the match.
- Futures
- A bet placed on an outcome that will be decided in the future, such as which team will win the World Cup.
- Handicap
- A virtual advantage or disadvantage applied to a team to make the betting more balanced.
- In-play
- Betting on a match after it has started, with odds that change as the game unfolds.
- Kelly Criterion
- A mathematical formula that calculates the optimal bet size based on your edge and the odds.
- Line Movement
- The change in odds or spread over time as more bets are placed and the market reacts.
- Moneyline
- A bet on which team will win the match outright, with no point spread involved.
- Odds
- The numerical expression of how likely an outcome is, also showing how much you can win per unit of stake.
- Over/Under
- A wager on whether the total number of goals (or points) in a match will be higher (over) or lower (under) than a set line.
- Parlay
- A single bet that combines multiple selections; all must win for the bet to pay out, increasing the potential payout.
- Push
- When a bet lands exactly on the spread or total, causing the stake to be returned with no win or loss.
- Spread
- A virtual advantage or disadvantage given to each team to level the odds, expressed as a number of goals or points.
- Stake
- The amount of money you risk on a particular bet.
- Vig
- The commission built into the odds that the sportsbook charges for taking your bet.