Knowledge Base
Glossary
Plain-English definitions for the terminology used across Pitch Notes.
- Asian Handicap
- Asian handicap is a type of spread betting that eliminates the draw and gives a half‑goal advantage to the underdog.
- Bankroll
- Bankroll is the total amount of money you set aside for betting.
- Bet Builder
- Bet builder is a tool that lets you create a custom bet by combining different markets from the same match.
- Cash Out
- Cash out lets you settle a bet before the event ends, locking in a profit or limiting a loss.
- Closing Line
- Closing line is the final set of odds offered just before an event starts.
- Cover
- Cover means a team wins by more points than the point spread, so a bet on them pays out.
- Edge
- Edge is the advantage you have over the sportsbook due to better information or analysis.
- Futures
- Futures is a bet on an event that will be decided later, such as which team wins the tournament.
- In-Play Betting
- In‑play betting allows you to place bets after a match has started, with odds that update as the game progresses.
- Juice
- Juice, also called vig, is the commission the sportsbook charges for taking your bet.
- KYC
- KYC is the process of verifying a customer's identity to comply with legal and regulatory requirements.
- Line Movement
- Line movement is the change in odds or point spread over time as more people bet.
- Market
- Market refers to a specific category of bets available for an event, such as match result or total goals.
- Moneyline
- Moneyline is a bet on which team will win a match without any point spread involved.
- Odds
- Odds indicate how much you can win for each unit you wager.
- Over/Under
- Over/Under is a bet on whether the total number of goals scored will be higher or lower than a set number.
- Parlay
- Parlay is a single bet that combines multiple selections; all must win for you to get a payout.
- Point Spread
- Point spread is a handicap given to the underdog team to make the betting outcome more even.
- Prop Bet
- Prop bet is a wager on a specific event within a match, like which player scores first.
- Push
- Push occurs when the final result lands exactly on the point spread, resulting in a tie for betting purposes.
- Square
- Square is a casual or recreational bettor who is often less informed.
- Stake
- Stake is the amount of money you place on a bet.
- Value Bet
- Value bet is a bet where the odds offered are higher than the true chance of the outcome, giving you an expected advantage.