Knowledge Base
Glossary
Plain-English definitions for the terminology used across Pitch Notes.
- 1X2 Betting
- A three-way betting market where you pick either a home win (1), a draw (X), or an away win (2).
- Accumulator
- A single bet that links multiple selections; all must win for the bet to pay out, multiplying the odds.
- Age Verification
- The check that confirms a user is legally old enough to gamble, often done via ID documents.
- AML
- Regulations and procedures that betting sites must follow to detect and prevent illegal money flow.
- Asian Handicap
- A handicap given to teams to level the playing field, eliminating the draw option and offering adjusted odds.
- Bankroll Management
- The practice of setting a budget for betting and staking only a small portion of it on each bet.
- Bet Builder
- A tool that allows you to combine multiple outcomes from the same match into a single custom wager.
- Cash Out
- A feature that lets you settle a bet before the event ends, locking in a profit or limiting a loss.
- Enhanced Odds
- Promotional odds that are higher than the standard market odds, usually for a limited time or specific event.
- Free Bet
- A bonus token provided by a sportsbook that can be used to place a bet without using your own funds.
- In-Play Betting
- Placing a wager on a match after it has started, with odds that update as the game progresses.
- KYC
- The process of verifying a player's identity and personal details to comply with legal and security standards.
- Live Streaming
- Real-time video broadcast of a match that some betting sites offer so players can watch and bet simultaneously.
- Over/Under
- A bet on whether the total number of goals, points, or other stats will be over or under a set line.
- Overround
- The bookmaker's built-in margin, expressed as a percentage above 100%, which ensures the house profit.
- Problem Gambling
- A condition where a person loses control over their betting, leading to financial and emotional harm.
- Provably Fair
- A system that uses cryptographic algorithms so players can verify that each game result was fair.
- Risk-Free Bet
- A bet that is refunded (usually as a free bet) if it loses, up to a set amount.
- RNG
- Software that generates random outcomes for casino games to ensure fairness and unpredictability.
- Rollover Requirement
- A condition that requires you to turn over a deposit and bonus a certain number of times before cashing out.
- RTP
- The percentage of total wagers a game returns to players over time; higher RTP means a lower house edge.
- Self-Exclusion
- A tool that lets you temporarily or permanently block your own account to help control gambling behavior.
- Stake
- The amount of money you place on a bet.
- Value Bet
- A wager where the odds offered are higher than the true probability of the outcome, giving an expected positive return.
- Wagering Requirement
- The number of times you must bet a bonus amount before you can withdraw any winnings from it.