Knowledge Base

Glossary

Plain-English definitions for the terminology used across Pitch Notes.

Accumulator: An accumulator is a type of parlay where winnings from each winning selection roll onto the next.
Bankroll: Bankroll is the total amount of money you have set aside for betting.
Bet Builder: Bet Builder is a feature that allows you to combine multiple markets from a single event into one wager.
Bet Slip: Bet Slip is the online form where you select your bets, set stakes, and confirm your wagers.
Cashback: Cashback is a bonus that returns a portion of your losses, usually as a wagerable credit.
Cover: Cover means a team wins by more points than the handicap line, winning the bet.
Draw No Bet: Draw No Bet removes the draw outcome, refunding your stake if the match ends in a tie.
Favorite: A favorite is the team or player expected to win, giving lower odds for a successful bet.
Handicap: A handicap gives one team a virtual advantage or disadvantage to level the playing field for betting.
In-Play: In-Play betting lets you place wagers on a match while it is happening, with odds that update live.
Juice: Juice, also called vig, is the commission a sportsbook charges for taking a bet.
Margin: Margin is the sportsbook’s built-in profit margin, reflected in the odds offered.
Martingale: Martingale is a betting system where you double your stake after each loss, aiming to recover with one win.
Odds: Odds represent the likelihood of an outcome and determine how much you can win per unit staked.
Over/Under: Over/Under is a bet on whether a specific statistic will be higher or lower than a set line.
Parlay: A parlay is a single bet that links multiple selections; all must win for the bet to pay out.
Provably Fair: Provably fair is a system that lets players verify that each game result was generated fairly.
Push: A push occurs when a bet ends in a tie, resulting in the stake being returned to the bettor.
RTP: RTP (Return to Player) is the percentage of total bets a game returns to players over time.
Spread: The spread is a line that sets a margin between two teams, used to balance bets on each side.
Stake: Stake is the amount of money you risk on a single bet.
Underdog: An underdog is the team or player expected to lose, offering higher odds for a potential win.
Value Bet: A value bet is when the odds offered are higher than the true probability suggests, giving an edge.
Volatility: Volatility indicates how often and how much a game can pay out; high volatility means bigger but rarer wins.
Wagering Requirement: Wagering requirement is the number of times you must bet a bonus before you can withdraw any winnings.