Knowledge Base
Glossary
Plain-English definitions for the terminology used across Pitch Notes.
- Acca
- An acca, or accumulator, is a single bet that links multiple selections; all must win for the bet to pay out.
- Asian Handicap
- Asian Handicap gives a team a positive or negative goal spread, eliminating the draw and leveling the match.
- Bankroll
- Your bankroll is the total amount of money you set aside specifically for betting.
- Bet Builder
- Bet Builder lets you combine multiple markets from a single event into one custom wager.
- Cash Out
- Cash Out allows you to settle a bet before the event ends, locking in a profit or limiting a loss.
- Cashback
- Cashback is a promotion that returns a portion of your losses as bonus funds, usually with wagering attached.
- Double Chance
- Double Chance lets you cover two of the three possible outcomes in a match with one wager.
- Edge
- Edge refers to the statistical advantage you have over the bookmaker in a particular bet.
- Enhanced Odds
- Enhanced Odds are boosted price offers that increase the potential payout on selected markets.
- Free Bet
- A Free Bet is a token the bookmaker gives you to place a wager without using your own money.
- Handicap Betting
- Handicap Betting assigns a virtual advantage or disadvantage to a team to balance the odds.
- In-Play
- In-Play betting lets you place bets on a match while it is already in progress.
- Lay Bet
- Lay Bet is a wager that a specific outcome will not happen, essentially acting as the bookmaker.
- Lucky 15
- Lucky 15 is a bet that includes four selections in 15 separate wagers: each single, every possible double and treble, and one fourfold.
- Market
- A market is a specific betting option, such as the winner, total goals, or first scorer.
- Odds
- Odds indicate how likely an outcome is and determine how much you can win relative to your stake.
- Over/Under
- Over/Under bets predict whether a statistic, like total goals, will be above or below a set number.
- Parlay
- A Parlay combines multiple selections into one bet; all must win for any payout.
- Provably Fair
- Provably Fair describes a system that lets players verify the fairness of each bet outcome using cryptographic proofs.
- RTP
- RTP stands for Return to Player, indicating the percentage of total bets a game pays back to players over time.
- Stake
- Your stake is the amount of money you risk on a single bet.
- Value Bet
- A value bet is when the odds offered are higher than the true probability of the outcome, giving you an edge.
- Volatility
- Volatility measures how often and how much a game pays out; high volatility means bigger but rarer wins.
- Wagering Requirement
- A wagering requirement is the number of times you must bet a bonus amount before you can withdraw any winnings.
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