Knowledge Base
Glossary
Plain-English definitions for the terminology used across Pitch Notes.
- Arbitrage
- Betting on all possible outcomes of an event across different bookmakers to guarantee a profit.
- Asian Handicap
- A spread that eliminates the draw option by giving a half‑goal or whole‑goal advantage to one team.
- Bankroll
- The total amount of money you have set aside for placing bets.
- Both Teams To Score (BTTS)
- A bet on whether each team 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 bet that requires you to predict the exact final score of a match.
- Double Chance
- A bet that covers two of the three possible outcomes of a match, increasing your chance of winning.
- Edge
- An advantage you believe you have over the bookmaker’s odds, often based on information or analysis.
- Free Bet
- A token provided by a sportsbook that allows you to place a bet without using your own money, with any winnings usually returned minus the stake.
- Hedge
- Placing a bet on the opposite side of an existing wager to reduce risk or lock in a profit.
- In-Play Betting
- Placing a wager on a match while it is ongoing, with odds that update as the game progresses.
- Juice
- The commission or fee that a sportsbook charges for taking a bet, usually built into the odds.
- Kelly Criterion
- A mathematical formula that calculates the optimal percentage of your bankroll to wager for maximum long‑term growth.
- Line Movement
- The change in odds or point spread from when they are first posted to when the game starts.
- Moneyline
- A bet on which team will win a match, with odds expressed as a positive or negative number.
- Odds
- The chance of a specific outcome happening, shown as numbers that determine how much you can win.
- Over/Under
- A bet on whether the total number of goals scored in a match will be more or less than a set number.
- Parlay
- A single bet that links together two or more individual wagers, with all selections needing to win for the bet to pay out.
- Point Spread
- A handicap given to a team to level the playing field, making the favorite win by a certain margin for the bet to pay out.
- Price Boost
- A promotional offer where a sportsbook increases the odds on a specific outcome, giving you a higher potential payout.
- Public Money
- The amount of bets placed by the majority of recreational bettors, often used to predict line shifts.
- Stake
- The amount of money you risk on a single bet.
- Unit
- A standardized portion of your bankroll used to measure the size of each bet.
- Yield
- The net profit or loss from your bets expressed as a percentage of your total bankroll.