I wouldn't trust mitto to read a map, let alone map a car.
Pretty much as clarkey said -
A waste gate's purpose is to limit the amount of exhaust gas entering the turbo from the manifold. When your turbo is spooling, the waste gate is shut tight which let's all the gas from the manifold flow up and into the turbo (creating boost) When the required boost level is achieved, the waste gate opens, venting off exhaust gasses to keep the turbo producing the correct amount of boost pressure.
Most of us are familiar with the internally gated turbo (on your standard Nissan turbo’s etc) These vent gas at the mouth of the exhaust housing and dumping them straight into the exhaust stream. This can have two detrimental effects. 1) Causing turbulence in the exhaust stream reducing performance 2) On larger turbo's the waste gate is physically not big enough to vent enough gas to keep the boost to an acceptable level.
An external waste gate vents off excess exhaust pressure from the manifold (before it even reaches the turbo) Most modern system vent the excess exhaust gas (via a pipe) and place it further down the exhaust system. However some people opt for a "screamer" pipe, which vents these gasses straight to atmosphere. An external waste gate has two key advantages 1) The waste gate it's self is much larger and more complex, with different spring rates available. This makes boost much more controllable. 2) It eliminates the turbulence caused by vented gas being purged into the exhaust stream right by the turbo.
Unfortunately, the "screamer" pipes that vent internally gated vents to atmosphere are actually not beneficial to performance. Because you can never get a good seal, they act like a blowing exhaust - which sounds poor and is detrimental to performance.
Hope that helped somebody.