Knowledge Base
Glossary
Plain-English definitions for the terminology used across Pitch Notes.
- Accumulator
- An accumulator is a type of parlay where you add several selections and the winnings roll over each time you win.
- Asian Handicap
- Asian handicap gives a team a positive or negative goal advantage to eliminate the draw, creating two possible outcomes.
- Banker
- A banker is a bet that you consider almost certain to win, often used as a safe leg in multi‑bets.
- Bankroll
- Your bankroll is the total amount of money you set aside for betting.
- Bonus
- A bonus is extra funds or free bets that a betting site may give you, often tied to deposit amounts.
- 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 event ends, locking in a profit or limiting a loss.
- Free Bet
- A free bet is a wager that you can use without risking your own money, with any winnings usually paid as cash.
- Futures Bet
- A futures bet is placed on an outcome that will be decided later, such as which team will win the tournament.
- Hedge
- Hedging means placing a second bet on the opposite outcome to reduce risk or guarantee a profit.
- Juice
- Juice, also called vig, is the commission a bookmaker takes on each bet, built into the odds.
- Live Betting
- Live betting lets you place bets on a game while it is actually happening, with odds that update in real time.
- Moneyline
- A moneyline bet asks you to pick the outright winner of a match, with odds that reflect each team's chance.
- Odds
- Odds show how likely a particular outcome is and how much you can win if your bet is correct.
- Over/Under
- An over/under bet predicts whether the total number of goals or points scored will be higher or lower than a set line.
- Parlay
- A parlay combines multiple bets into one; all selections must win for the parlay to pay out.
- Payout
- The payout is the total amount you receive back, including your original stake, when a bet wins.
- Point Spread
- A point spread assigns a margin of points to the favored team, forcing them to win by more than that number for bets on them to win.
- Prop Bet
- A prop bet focuses on a specific event within a match, like which player scores first, rather than the final result.
- Public Money
- Public money refers to the large amount of bets placed by casual bettors, often influencing the odds.
- Rollover Requirement
- A rollover requirement tells you how many times you must bet the bonus amount before you can withdraw any winnings.
- Stake
- The stake is the amount of money you risk on a single bet.
- Steam
- Steam describes a rapid movement of odds caused by heavy betting action on one side.
- Value Bet
- A value bet occurs when the odds offered by the bookmaker are higher than the true probability of the outcome.