Knowledge Base
Glossary
Plain-English definitions for the terminology used across Pitch Notes.
- Asian Handicap
- Asian handicap is a split handicap that eliminates the draw option, offering two possible outcomes with half-goal lines.
- Bankroll Management
- Bankroll management is the practice of setting a budget for betting and deciding how much to wager on each bet.
- Bonus
- Bonus is extra funds credited to your account by a sportsbook, often subject to wagering requirements before withdrawal.
- Both Teams to Score
- Both Teams to Score is a bet on whether each side will find the net at least once during the match.
- Cash Out
- Cash out lets you settle a bet before the event ends, locking in a profit or limiting a loss based on current odds.
- Draw No Bet
- Draw No Bet is a market where you pick a team to win; if the match ends in a draw, your stake is refunded.
- Free Bet
- Free bet is a promotional token you can use to place a bet without risking your own money, with winnings usually returned minus the stake.
- Futures
- Futures are bets placed on outcomes decided later in the tournament, like which team will win the World Cup.
- Half-Time/Full-Time
- Half-Time/Full-Time asks you to predict the result at both the end of the first half and the final whistle.
- Handicap
- Handicap gives one team a virtual advantage or disadvantage to balance the odds, used in point-based bets.
- KYC
- KYC stands for Know Your Customer, a process where the sportsbook verifies your identity to prevent fraud and ensure legal compliance.
- Line Movement
- Line movement is when the odds or point spread change over time due to betting activity or new information.
- Moneyline
- Moneyline is a bet on which team will win a match, with odds expressed as a positive or negative number.
- Odds
- Odds represent the probability of an outcome and determine how much money you can win from a 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 number.
- Parlay
- Parlay is a single bet that links multiple selections; all must win for the bet to pay out, offering higher odds.
- Prop Bet
- Prop bet is a wager on a specific event within a match, such as which player scores first, unrelated to the final result.
- Public Money
- Public money refers to the bets placed by casual bettors, often moving the line due to sheer volume.
- Responsible Gambling
- Responsible gambling refers to practices and tools that help you stay in control of your betting, such as setting deposit limits or self-exclusion.
- Spread
- Spread is a handicap given to the underdog to level the playing field, often shown as a point margin.
- Unit
- Unit is a standard amount of money used to measure the size of a bet, often a small percentage of your bankroll.
- Value Bet
- Value bet is a wager where the odds offered are higher than the true probability of the outcome, giving you an edge.
- Wagering Requirement
- Wagering requirement is the number of times you must bet the bonus amount before you can withdraw any winnings.