I agree that it's a play on words. It looks like the title of an article from a popular magazine or tabloid newspaper.
The familiar phrase 'Life's a -itch' catches your eye, and then you see that the last word is 'pitch', as in 'football pitch', and you realise it's about sport. Or it could be about sales and marketing - as in 'sales pitch'. Either way, the article - perhaps about the trials and tribulations of a footballer or salesperson - has your attention and you read it.
And just as a side point: The word 'bitch' is not a 'bad word' for everyone. In the UK, a 'bitch' is a dislikable, domineering woman, especially one who makes unkind remarks about others. The worst thing about it is that it's a gender-specific insult. However, it has no sexual connotation, and there is no taboo about using it. For us, 'bitch' isn't a 'profanity' at all, not even a mild one.