Accumulator
A bet that requires several different selections all to win, often to provide a large payout.
All In
A bet where all of the bank is staked.
All Out
When a horse is trying its hardest.
All Weather Racing
Horse racing that takes place on an artificial surface. Lingfield, Kempton and Wolverhampton provide a polytrack surface whilst Southwell provides a fibresand surface.
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Ante Post Betting
Betting that takes place well before an event which includes all possible participants. If the selection becomes a 'non-runner' the bet is lost.
Apprentice
A young jockey who gains a weight allowance over more experienced jockeys. The weight allowance decreases as the jockey gains more victories.
Arber
A punter who locks in profit through exploiting a market by backing all outcomes of an event at a combined book of less than 100%
Arbitrage
A bet that locks in a guaranteed profit, whatever the outcome.
Asian Handicap
A football bet that gives the least likely winner a head start to make betting more competitive.
Backward
A horse that is not fit enough or developed enough to do itself justice.
Bags
Bookmakers’ Afternoon Greyhound Service
Banker
A bet that is considered to be a near certainty.
Bar
The shortest of the odds not mentioned in a betting summary or forecast.
Betfair Commission
A small percentage of winnings the company takes for providing their service
Bismarck
A horse that someone strongly thinks will be beaten (sunk).
Blinkers
A device fitted to a horse's head which restricts it's field of vision in order to help it's concentration.
Blanket Finish
several horses finish a race very close together
Bottle
A 'tic-tac' term used in the betting ring for 2/1.
Bumper
A national hunt race run over the flat (no hurdles or fences)
Burlington Bertie
A 'tic-tac' term used in the betting ring for 100/30.
Canadian
A bet on five selections covering doubles, trebles, fourfolds and a fivefold
Carpet
A 'tic-tac' term used in the betting ring for 3/1.
CD / C&D
Course and Distance. A sign that a horse has won over the course and distance a race is taking place.
Chasing
Betting on things you normally wouldn't in order to recover losses.
Cheek Pieces
Head gear worn by horses to help performance
Clerk of the Scales
The official responsible for ensuring all jockeys weigh in correctly at the end of a race.
Co-Favourite
A favourite who is joint favourite with at least two other horses.
Dam
The female parent of a horse.
Dead-Heat
When two or more horses’ finishing positions cannot be separated
Double
A bet on two horses where both are required to win
Draw
Reference to the number of starting stall a horse will begin a race from.
Drifter
A horse whose odds are getting bigger due to lack of support in the betting.
Dutching
Backing two or more selections in an event to achieve the same profit whichever selection wins.
Each-way
A bet on a horse to place as well as win. Place terms depend on number of runners and type of race.
Exacta
A bet placed on the Tote that requires the first two finishing horses to be named in the correct order.
Ear'ole
A 'tic-tac' term used in the betting ring for 6/4.
Favourite
The selection in an event with the shortest price of winning.
Fourfold
A bet on four horses where all are required to win
Furlong
Standard distance unit in racing. A furlong is equal to 200m and there are eight furlongs in a mile.
Going
The condition of the ground at a racecourse. The going ranges from heavy to firm.
Green
Running excitedly and unecnomically associated with inexperience.
Handicap
A race where horses carry different weights based on their official rating or greyhounds get a head start based on their ability.
Hedging
Backing another outcome in an event you have already bet on to decrease the risk involved.
Heinz
A bet on six selections covering doubles, trebles, fourfolds, fivefolds and a sixfold
IBAS
A service that settles betting disputes between bookmakers and punters.
Jolly
Another name given to the 'favourite'.
Lay
Betting on something not to happen, for example a team not to win.
Layers Liability
How much a layer stands to lose if the laid selection wins.
LSP
Level Stakes Profit. The amount of profit that would have been made if all stakes had been 1 unit
Lucky 15
A bet on four selections covering singles, doubles, trebles and a fourfold
Lucky 31
A bet on five selections covering singles, doubles, trebles, fourfolds and a fivefold
Lucky 63
A bet on six selections covering singles, doubles, trebles, fourfolds, fivefolds and a sixfold
Maiden
A horse that is yet to win a race.
Monkey
A slang term used by bookmakers for £500.
Nap
A tipster's best bet of the day.
Nb
A tipster's second best bet of the day.
Non-Runner
A horse that was originally declared to run but is no longer participating.
NRNB
Non Runner No Bet – Bet on an antepost market where the stake is returned in the event of a non runner
Odds on
Betting on an outcome that is odds on results in the profit of the bet being less than the original stake.
On the Bit
When a horse needs no riding from the jockey
On the Nose
A bet on a horse to win
Over-round
The margin the bookmaker builds into their odds to ensure they make a profit on an event.
Overweight
An eventuality where the jockey weighs more than the weight one of his rides is supposed to carry.
Patent
A bet on three selections that covers seven bets, three singles, three doubles and a treble.
Placepot
A bet on the Tote where a placed horse must be named in the first six races on the card.
Pari Mutuel
A tote style betting system used in France (the only betting system in France)
Permutation
A bet that contains a large number of selections covering a large number of different outcomes
Pony
A slang term used by bookmakers for £25.
Rag
The complete outsider in a field.
ROI
Return On Investment
Round Robin
A bet on three selections containing ‘three pairs of singles stakes about’ bets, three doubles and one treble
Rule 4
A reduction in odds on bets placed before a certain time due to a fancied runner being withdrawn. The more fancied the runner, the bigger the rule 4 deduction.
Scoop 6
A bet placed on the Tote each Saturday on six televised races, where punters compete for massive dividends.
Silks
The colours worn by a jockey
Sire
The male parent of a horse.
SP
Starting Price - the price of a horse when the race starts broadly based on an average of the on course bookmakers odds for the horse.
Spread Betting
A type of betting devised by city traders where punters must decide to buy (bet higher) or sell (bet lower) on the spread (fancied outcome by the traders).
Steamer
An outcome that has been very well backed all day.
Stewards Enquiry
An investigation into on goings in a given race. Can result in place reversal or jockey suspensions.
Tic-Tac
A type of sign language used on a racecourse by bookmakers as a means of communication.
Tissue
A betting forecast designed to predict the odds of each runner in an event.
Tongue-Tie
A breathing aid used on horses that has a strip of cloth to stabilise the tongue and stop it from sliding over the bit.
Tote
Betting system that settles bets based on dividends rather than set prices.
Treble
A bet on three horses where all are required to win
Trifecta
A bet placed on the Tote that requires the first three finishing horses to be named in the correct order.
Trixie
A bet on three selection which covers the three doubles and the one treble.
Visor
A device fitted to a horse's head which restricts it's field of vision in order to help it's concentration.
Walkover
A race where there is only one runner left after a number of non runners.
Yankee
A bet on four selections that covers the six doubles, four trebles and one fourfold.
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