Knowledge Base
Glossary
Plain-English definitions for the terminology used across Pitch Notes.
- Accumulator
- An accumulator is a type of parlay where each winning selection’s payout is reinvested into the next selection, increasing potential returns.
- Asian Handicap
- Asian handicap gives a half‑goal or whole‑goal advantage to one team to remove the draw option from the bet.
- Bankroll
- Your bankroll is the total money you have set aside for betting.
- Bet Builder
- Bet builder is a tool that lets you combine different markets from the same match into a single custom bet.
- Both Teams to Score
- Both teams to score is a market where you bet on whether each side will score at least one goal during the match.
- Cash Out
- Cash out lets you settle a bet before the event ends, locking in a profit or cutting a loss.
- Correct Score
- Correct score is a bet on the exact final score of a match, such as 2-1 or 3-0.
- Double Chance
- Double chance lets you cover two of the three possible match results—home win, draw, or away win—in a single wager.
- Edge
- Edge is the advantage you have over the bookmaker, usually discovered through analysis or when odds are mispriced.
- Futures
- A futures bet is on an event that will be decided in the future, such as which team will win the World Cup.
- In-Play Betting
- In-play betting allows you to place a bet after the match has started, with odds that change as the game unfolds.
- Line Movement
- Line movement describes how odds or spreads change over time as more bets are placed.
- Moneyline
- A moneyline bet is a wager on which team will win the match, with positive or negative numbers indicating the payout.
- Odds
- Odds show how much money you can win from a bet compared with how likely the outcome is.
- Over/Under
- An over/under bet predicts whether the total goals in a match will be more or less than a number set by the bookmaker.
- Parlay
- A parlay combines two or more bets into one; you win only if every selection in the parlay wins.
- Public Money
- Public money refers to the bulk of bets placed by casual bettors, which can shift the line as the majority wagers.
- ROI
- ROI, or return on investment, measures the net profit or loss from your bets as a percentage of the money wagered.
- Same-Game Parlay
- A same-game parlay links multiple markets from a single match into one bet, all of which must win.
- Spread
- The spread assigns a handicap to a team so the favorite and underdog have an equal chance, expressed as a point difference.
- Stake
- The stake is the amount of money you risk on a bet.
- Unit
- A unit is a standard sizing tool—often a small percentage of your bankroll—used to place consistently sized bets.
- Value Bet
- A value bet occurs when the odds a bookmaker offers are higher than the true probability of the outcome, giving you an expected edge.
- Vig
- Vig, also called juice, is the built‑in commission a bookmaker charges, making the total implied odds higher than 100%.