Knowledge Base
Glossary
Plain-English definitions for the terminology used across Pitch Notes.
- American odds
- American odds indicate how much you must wager to win $100 or how much you win from a $100 bet.
- Asian handicap
- Asian handicap gives a half‑goal or whole‑goal handicap to teams to eliminate the draw and adjust payouts.
- Bankroll
- Bankroll is the total amount of money you have set aside for betting, separate from your everyday finances.
- BTTS
- BTTS means you are betting on whether both teams will score at least one goal during the match.
- Cash out
- Cash out allows you to settle your bet before the event ends, locking in a profit or limiting a loss.
- Correct score
- Correct score is a bet that predicts the exact final score of a match.
- Decimal odds
- Decimal odds show the total amount you receive for each unit you stake, including your original stake.
- Double chance
- Double chance lets you cover two of the three possible outcomes (win, draw, loss) in one bet.
- Draw no bet
- Draw no bet removes the draw option, so you win if your chosen team wins, and get your stake back if it’s a draw.
- First goal scorer
- First goal scorer is a bet on which player will score the first goal in the game.
- Fractional odds
- Fractional odds show the profit you make relative to your stake, displayed as a fraction.
- Free bet
- Free bet is a promotional token you can use to place a bet without using your own money, but any winnings are usually retained.
- House edge
- House edge is the mathematical advantage the betting operator has in any game, expressed as a percentage of each bet.
- In-play betting
- In-play betting lets you place bets on events while the match is actually happening, with odds that update in real time.
- Kelly criterion
- Kelly criterion is a formula that calculates the optimal size of a bet to maximize long‑term growth of your bankroll.
- Moneyline
- Moneyline is a bet on which team or player will win the match, with odds reflecting each side’s chance.
- No deposit bonus
- No deposit bonus gives you a small amount of bonus funds or free bets just for signing up, without needing to deposit money.
- Odds
- Odds tell you how likely a particular outcome is and how much you can win if your bet wins.
- Over/Under
- Over/Under is a bet on whether a specific statistic, like total goals, will be higher or lower than a set number.
- RTP
- RTP, or Return to Player, is the percentage of total money wagered that a game pays back to players over time.
- Spread
- Spread is a handicap applied to the favored team to level the betting field, expressed as a points margin.
- Staking plan
- Staking plan is a method that determines how much of your bankroll to wager on each bet based on risk and confidence.
- Value bet
- Value bet is a wager where the odds offered are higher than the true probability of the outcome, giving you an expected edge.
- Volatility
- Volatility describes how often and how much a game’s payouts swing – high volatility means bigger but less frequent wins.
- Wagering requirement
- Wagering requirement is the amount you must bet before you can withdraw bonus‑related winnings.