Knowledge Base
Glossary
Plain-English definitions for the terminology used across Pitch Notes.
- Arbitrage
- Placing bets on all possible outcomes across different sportsbooks to guarantee a profit regardless of the result.
- Asian Handicap
- A split handicap that removes the draw and offers two possible outcomes, reducing the chance of a full loss.
- ATS
- A record that shows how a team performs relative to the spread, ignoring outright wins.
- Banker
- A heavily favored selection in a bet, considered very likely to win and used to anchor larger bets.
- Bankroll
- The total amount of money you set aside for placing bets.
- Cash Out
- An option to settle a bet before the match ends, letting you lock in a profit or cut a loss.
- Cover
- When a team beats the point spread, they are said to have covered the line.
- Deposit Bonus
- Extra funds added to your account when you deposit, usually tied to wagering requirements.
- Double Chance
- A bet that covers two of the three possible outcomes in a match (e.g., home win or draw), reducing risk.
- Free Bet
- A credit given by a sportsbook that can be used to place a bet; any winnings are usually returned without the stake.
- In-Play
- Betting on events while the match is ongoing, with odds that change as the action unfolds.
- Juice
- The commission or fee embedded in odds, representing the bookmaker's edge.
- Line Shopping
- Comparing odds from multiple sportsbooks to find the best price for a bet.
- Moneyline
- A bet on which team will win the match outright, with odds reflecting each team's chance of winning.
- Odds Boost
- A promotion that increases the odds on a specific selection, offering a higher potential payout.
- Over/Under
- A bet on whether the total number of goals in a match will be higher or lower than a set line.
- Parlay
- A single bet that combines multiple selections; all must win for the bet to pay out.
- Point Spread
- A handicap that gives one team an artificial deficit or advantage to make both outcomes equally attractive.
- Public Money
- Bets placed by casual bettors that can push a line in the direction of the popular choice.
- Reverse Line Movement
- When the line moves opposite to where most bets are being placed, often indicating sharp action.
- Roll Over
- The requirement to wager the total of a bonus or deposit a set number of times before cashing out.
- Steam
- Rapid line movement caused by heavy betting action on one side.
- Unit
- A standard bet size, often equal to 1% of your bankroll, used to manage risk.
- Wagering Requirement
- The number of times you must bet a bonus amount before you can withdraw any winnings.
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