Knowledge Base
Glossary
Plain-English definitions for the terminology used across Pitch Notes.
- Accumulator
- An accumulator is a type of bet that links several selections together; winnings grow as each selection wins.
- Bankroll Management
- Bankroll management is the practice of deciding how much money to risk on each bet to protect your funds.
- Bet Slip
- A bet slip is a record on the site that lists the selections you have chosen along with the odds and potential payout.
- Bookmaker
- A bookmaker is a company that sets odds and accepts bets on sports events.
- Cash Out
- Cash out allows you to settle a bet before the match ends, locking in a profit or cutting a loss.
- Closing Line
- The closing line is the final set of odds offered before a match starts, used to evaluate betting performance.
- Decimal Odds
- Decimal odds express the total payout per unit staked, including the original stake, as a single number.
- Edge
- An edge is an advantage you have over the bookmaker, usually based on analysis or information.
- Free Bet
- A free bet is a token the bookmaker gives you to place a bet without using your own money.
- Handicap Betting
- Handicap betting gives one team a virtual advantage or disadvantage to balance the odds.
- Juice
- Juice is the commission a bookmaker charges for taking a bet, usually built into the odds.
- Line Movement
- Line movement is when the odds or point spread change after being posted, often due to betting action.
- Live Betting
- Live betting lets you place bets on a match while it is in progress, with odds that update during the game.
- Moneyline
- Moneyline is a bet on which team will win the match, with odds shown as a positive or negative number.
- Odds
- Odds indicate how likely an outcome is to happen and show how much you can win for each unit you wager.
- Odds Boost
- An odds boost is a special promotion that increases the payout on a specific bet.
- Over/Under
- Over/Under is a bet on whether the total number of goals scored in a match will be more or less than a set figure.
- Parlay
- Parlay combines multiple selections into a single bet, and all selections must win for the bet to pay out.
- Point Spread
- Point spread is a handicap given to the favorite team to level the betting field, expressed as a number of goals.
- Public Money
- Public money refers to the amount of bets placed by casual bettors, often influencing odds.
- Stake
- The stake is the amount of money you risk on a bet.
- Total Goals
- Total goals is the combined number of goals both teams are expected to score in a match.
- Unit
- A unit is a standardized amount of your bankroll used to measure the size of each bet.
- Value Bet
- A value bet is when the odds offered by a bookmaker are higher than the true probability of the outcome, giving you an edge.