Knowledge Base
Glossary
Plain-English definitions for the terminology used across Pitch Notes.
- Accumulator
- Accumulator is a parlay where winnings from each winning bet roll over into the next bet.
- Asian Handicap
- Asian handicap assigns a half-goal advantage or disadvantage to each team to eliminate the draw option.
- Bankroll Management
- Bankroll Management means setting aside a specific amount of money for betting and only risking a small portion each time.
- Bet Builder
- Bet Builder is an online tool that lets you combine different markets from the same match into one custom bet.
- Cash Out
- Cash Out lets you settle a bet early, locking in a profit or reducing a loss before the event ends.
- Edge
- Edge is the perceived advantage you have over the bookmaker’s odds based on your analysis.
- Futures
- Futures is a bet on an event that will be decided later, such as who wins the World Cup.
- Hedge
- Hedge is placing a bet on the opposite outcome to reduce risk or lock in a profit.
- In-Play Betting
- In-Play Betting allows you to place a bet after the match has started, with odds that change as the game progresses.
- Kelly Criterion
- Kelly Criterion is a formula that calculates the best fraction of your bankroll to wager based on your edge.
- Line Movement
- Line Movement describes how the odds or spread change over time as more people bet.
- Moneyline
- Moneyline is a bet on which team will win the match, with odds shown as a positive or negative number.
- Odds
- Odds indicate how much you can win for each unit you stake; lower odds mean a more likely outcome.
- Over/Under
- Over/Under is a bet on whether the total goals in a match will be higher or lower than a set number.
- Parlay
- Parlay combines two or more bets into one; all selections must win for the parlay to pay out.
- Payout
- Payout is the total money you receive when a bet wins, including your original stake.
- Point Spread
- Point spread gives the favorite a handicap and the underdog an advantage to make the bet evenly weighted.
- Proposition Bet
- Proposition bet is a wager on a specific part of a match, like which player scores first.
- Public Money
- Public Money is the total amount wagered by casual bettors, often used to gauge market sentiment.
- Stake
- Stake is the amount of money you risk on a bet.
- Steam
- Steam is a rapid, large shift in odds caused by heavy betting on one side.
- Value Bet
- Value Bet occurs when the odds offered are higher than the true chance of the outcome, giving you an edge.
- Vig
- Vig is the commission the sportsbook includes in the odds, charged for taking your bet.