Knowledge Base
Glossary
Plain-English definitions for the terminology used across Pitch Notes.
- Accumulator
- An Accumulator is a single bet that links multiple selections, and all of them must win for the bet to pay out.
- Asian Handicap
- Asian Handicap gives a team a positive or negative goal advantage to remove the draw option and balance the odds.
- Bankroll
- Bankroll is the total money you have set aside for betting.
- Bet Builder
- Bet Builder lets you combine different markets from the same match into one wager, such as goals, cards, and corners.
- Bet Slip
- Bet Slip is the digital record that lists the selections, odds, and stake for a wager you intend to place.
- Cash Out
- Cash Out allows you to settle your bet before the event ends, locking in a profit or cutting a loss based on current odds.
- Cashback
- Cashback is a promotion that returns a percentage of your losses over a set period, giving you a second chance to play.
- Chasing Losses
- Chasing Losses is the risky habit of increasing your bets after a loss in an attempt to recover the money you’ve lost.
- Double Chance
- Double Chance covers two of the three possible outcomes in a match, increasing your chance of winning.
- Draw No Bet
- Draw No Bet removes the draw outcome, so you win if your selected team wins and get your stake back if it’s a draw.
- Edge
- Edge is the statistical advantage you have over the bookmaker in a particular bet.
- Free Bet
- Free Bet is a promotional credit you can use to place a bet without risking your own funds, and any winnings are usually yours to keep.
- In-Play Betting
- In-Play Betting lets you place bets on a match while it is ongoing, with odds that update as the game progresses.
- Juice
- Juice, also called vig, is the commission the bookmaker adds to the odds, making the total implied probabilities exceed 100%.
- KYC
- KYC stands for Know Your Customer, a process where the betting site verifies your identity to prevent fraud and comply with regulations.
- Odds
- Odds represent the likelihood of an outcome and determine how much you can win relative to your stake.
- Over/Under
- Over/Under is a bet on whether the total number of goals, points, or other stats will be above or below a set line.
- Provably Fair
- Provably Fair is a system that lets players verify that each game result was generated fairly and was not manipulated.
- Responsible Gambling
- Responsible Gambling refers to practices and policies that promote safe betting, such as setting limits and seeking help if needed.
- RTP
- RTP stands for Return to Player, indicating the percentage of total money wagered on a game that is paid back to players over time.
- Self-Exclusion
- Self-Exclusion is a tool that lets you temporarily block yourself from the betting site to help control gambling habits.
- Stake
- Stake is the amount of money you risk on a bet.
- Value Bet
- Value Bet is a wager where the odds offered are higher than the true probability of the outcome, giving you an expected advantage.
- Volatility
- Volatility describes how often and how much a game can pay out; high volatility means bigger but less frequent wins.
- Wagering Requirement
- Wagering Requirement is the number of times you must bet the bonus amount before you can withdraw any winnings derived from it.