Knowledge Base

Glossary

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

AML: AML stands for Anti‑Money Laundering, a set of rules that help detect and prevent illegal funds from entering the betting platform.
Arbitrage: Arbitrage involves placing bets on all possible outcomes of an event across different bookmakers to guarantee a profit regardless of the result.
Asian Handicap: Asian Handicap is a type of spread betting that eliminates the draw outcome and uses whole or half‑goal lines.
Bankroll Management: Bankroll Management means setting a budget for betting and deciding how much to wager on each bet to avoid losing too much.
Bet Builder: Bet Builder lets you create a custom bet by combining different markets from the same match into one wager.
Cash Out: Cash Out allows you to settle a bet before the event ends, locking in a profit or limiting a loss based on the current odds.
Expected Value: Expected Value is a calculation that estimates the average amount you can expect to win or lose per bet if you repeat the same bet many times.
Free Bet: A Free Bet is a token you can use to place a bet without risking your own money, and any winnings are usually returned without the stake.
Juice: Juice, also called vig, is the commission a sportsbook takes included in the odds, reducing the effective odds you receive.
KYC: KYC stands for Know Your Customer, a process where the sportsbook verifies your identity to prevent fraud and ensure safe gambling.
Line Movement: Line Movement refers to how the odds or point spread change over time as more people bet and bookmakers adjust their lines.
Live Betting: Live Betting lets you place bets on a match while it is in progress, with odds that update as the game unfolds.
Moneyline: A Moneyline bet is a straightforward wager on which team will win a match, with odds shown as a positive or negative number.
Odds: Odds represent the likelihood of a specific outcome and determine how much money you can win if your bet is correct.
Over/Under: Over/Under bets ask you to predict whether the total number of goals scored in a match will be more or less than a set figure.
Parlay: A Parlay combines multiple selections into a single bet, and all choices must win for you to receive a payout.
Payout: A payout is the total amount of money you receive when a bet wins, including your original stake if applicable.
Point Spread: Point Spread is a handicap given to the underdog to level the playing field, expressed as a number of goals or points.
Risk-Free Bet: A Risk-Free Bet refunds your stake as a free bet or cash if your initial bet loses, up to a specified amount.
ROI: ROI stands for Return on Investment, a measure of the profit or loss generated from your bets relative to the amount of money you staked.
RTP: RTP stands for Return to Player, a percentage that indicates how much of the total money wagered on a game is paid back to players over time.
Self-Exclusion: Self‑Exclusion is a tool that lets you temporarily or permanently block yourself from betting on the site to help control gambling behavior.
Stake: The stake is the amount of money you put on a bet.
Value Bet: A Value Bet occurs when you believe the odds offered are higher than the true probability of the outcome, giving you an edge.
Wagering Requirement: A Wagering Requirement is a condition that states how many times you must bet a bonus amount before you can withdraw any winnings from it.