Knowledge Base
Glossary
Plain-English definitions for the terminology used across Pitch Notes.
- Arbitrage
- Betting on all possible outcomes across different sportsbooks to guarantee a profit regardless of the result.
- Asian Handicap
- A spread that uses half‑goal increments and eliminates the draw, giving only two possible outcomes.
- Bankroll
- The total amount of money you have set aside for betting.
- Bankroll Management
- The practice of deciding how much to wager on each bet to protect your funds.
- Cash Out
- The option to settle a bet before the event ends, letting you lock in a profit or cut a loss.
- Dutching
- Spreading your stake across several outcomes so that you profit no matter which one wins.
- Futures
- A bet placed on an outcome that will be decided later in the tournament, like who wins the World Cup.
- Hedge
- Placing a bet on the opposite outcome to reduce risk or secure a guaranteed profit.
- In-Play
- Betting on a match after it has started, with odds that update as the game unfolds.
- Kelly Criterion
- A formula that calculates the optimal bet size based on the perceived edge in a wager.
- Line Movement
- Changes in the odds or spread after they are first posted, often caused by heavy betting action.
- Moneyline
- A bet on which team will win the match outright, with odds expressed as a positive or negative number.
- Odds
- A number that reflects how likely an outcome is and determines how much you win if your bet wins.
- Odds Boost
- A promotion that increases the odds for a particular selection, giving a higher potential payout.
- Over/Under
- A bet on whether the total number of goals in a match will be higher or lower than a set figure.
- Parlay
- A single bet that combines two or more selections; all must win for the bet to pay out.
- Prop Bet
- A wager on a specific event within the match, such as which player scores first.
- RTP
- Return to Player, expressed as a percentage, shows how much of the total wagered amount a game pays back to players over time.
- Spread
- A handicap applied to the favored team to create a more balanced betting market.
- Steam
- Rapid, heavy betting that forces odds to shift quickly across many sportsbooks.
- Value Bet
- A bet where the odds offered are higher than the true probability, suggesting an expected profit.
- Vig
- The commission a sportsbook includes in the odds, representing the book’s built‑in profit margin.
- Wagering Requirement
- The number of times you must bet a bonus before you can withdraw any winnings derived from it.