Knowledge Base
Glossary
Plain-English definitions for the terminology used across Pitch Notes.
- Arbitrage
- A betting strategy that exploits differences in odds across bookmakers to guarantee a profit regardless of the result.
- Asian Handicap
- A handicap given to a team to level the match, removing the draw and offering two possible winning sides.
- Back Bet
- A bet that a particular outcome will happen, opposite of a lay bet.
- Bankroll
- The total amount of money you have set aside for betting.
- Bet Builder
- A feature that lets you combine different markets from the same match into one wager.
- Both Teams To Score
- A wager that asks whether each team will score at least one goal during the match.
- Cash Out
- An option to settle a bet before the event ends, locking in a profit or limiting a loss.
- Correct Score
- A bet that predicts the exact final score of a match.
- Decimal Odds
- A single number that includes your stake and shows the total return for a winning bet.
- Draw No Bet
- A market that removes the draw, so you win if your team wins or get your stake back if it ends in a draw.
- First Goalscorer
- A bet on which player will score the first goal in a match.
- Fractional Odds
- Odds shown as a fraction that indicate the profit you make relative to your stake.
- Free Bet
- A promotional bet credited to your account that you can use without risking your own money.
- Half-Time/Full-Time
- A bet that requires you to predict both the score at half time and the final result.
- KYC
- Know Your Customer; the process of verifying your identity to prevent fraud and meet regulations.
- Lay Bet
- A bet that a particular outcome will not happen, usually placed on a betting exchange.
- Live Betting
- Placing bets on events while the match is in progress.
- Margin
- The bookmaker's built‑in profit margin, reflected in odds being slightly lower than the true fair odds.
- Moneyline Odds
- American odds that tell you how much you must bet to win 100, or how much you win on a 100 bet.
- Odds
- Odds represent the payout you receive for a winning bet, expressed as a number, fraction, or decimal.
- Over/Under
- A bet on whether the total number of goals in a match will be more or less than a set figure.
- Parlay
- A single bet that links multiple selections; all must win for the bet to pay out.
- Self‑Exclusion
- A tool that lets you temporarily block yourself from betting on the site to help control gambling behavior.
- Stake
- The amount of money you put on a bet.
- Value Bet
- A bet where the odds offered are higher than the true probability of the outcome, giving you an expected advantage.