learn about horse racing betting terminology

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Learn about horse racing betting terminology

Including a single on each selection, plus 3 doubles and 1 treble. Just one successful selection guarantees a return. Backing a horse to finish in the places. The number of places depend on the number of runners, with two places available for a five to seven runner race, three places for eight to 15 runners, and four places for handicaps with 16 runners or more.

Extra place terms are often offered by bookmakers. A series of three or more selections in 2-fold accumulators. A round robin means 3 selections in different races, in 3 doubles, 1 treble and 6 single stakes about bets. One of the most commonly invoked betting rules, dealing with deductions from winning bets in the event of any withdrawn runner s from a race. The rule applies to winning bets struck at prices e. The rate of deductions is in proportion to the odds of the non-runner s at the time of the withdrawal.

Starting Price. The starting prices are the final odds prevailing at the time the race starts and are used to determine the payout to winning punters, unless a punter took a specified price at the time of placing the bet. Similar to the handicap betting system. If you back a team to cover the spread, so a team will lose bu no more than 5 points, or win by more than 6 points.

A type of bet frequently placed at a racecourse. You can back horses to win or place, and a dividend is paid out afterwards to winning bets as the bets all go into a pool. The tote also runs other bets such as the placepot and jackpots. A bet consisting of 4 bets involving 3 selections. The bet includes 3 doubles and a treble. A minimum of two selections must be successful to get a return.

A bet consisting of 11 bets involving 4 selections in different events. The bet includes 4 doubles, 4 trebles and an accumulator. Guide to Betting. Betting Term. A bet involving more than one selection with the winnings from each selection going on to the next selection. A bet on a race well in advance of the day of the race.

A bet on a horse to win or each-way. The opposite of lay, and the more traditional bet type. A supposedly certain bet. Best Odds Guaranteed. Betting exchange. A betting website whereby you are betting against other people, rather than against the bookmaker. Cash out. Taking a payout offered by your bookmaker before the completion of a bet.

Co favourite. A horse who leads the market with one or more horses. Term often associated with Tote pools. A horse who finds its price getting bigger prior to the race beginning. Duel forecast. A reverse forecast or dual forecast is a bet where the aim is to predict the winner and runner-up in either order. Backing two or more horses in a race, increasing your chances of finding a winner but essentially at shorter odds.

Each way. A punters advantage in a bet. A price of Your stake brings equal winnings: e. The shortest priced horse in the race, the market leader. In the frame. Another term for a horse who has finished in the places. A bet placed during the race, as opposed to before the race begins.

Joint favourite. If two horses have the shortest odds in the betting, they are described as joint-favourites. A different term for the favourite in the market. A bet on a horse not to win or not to place. The opposite of backing a horse. A horse who appears to be unfancied in the market shot etc. Lucky Typically the format used to express odds in Europe.

What does evens mean? What is the favourite? The selection horse, greyhound, player or teams with the shortest odds for the win. The most fancied winner. What does FGS mean? Abbreviation for First Goalscorer. What is the field?

What is a fillie? A female horse will be called a Mare once it reaches five years of age, before which it is called a Fillie. First Past the Post. What does first past the post mean? The selection which is first to cross the finish line in a race. The winner. What does form mean? The performance history of an athlete, player, horse, greyhound or team. The level at which the selection usually performs or has recently performed.

Used by bookmakers to set prices and by bettors to assess odds and make selections. What does FPTS mean? Abbreviation for First Player To Score. Fractional Odds. What are fractional odds? The standard way of writing odds in the UK.

Fractional odds allow you to calculate your potential profit not including your stake. Full Time. What does full time mean? When you back a team to win a match it is a full-time result bet. Bets in football are settled at the end of 90 minutes plus stoppage time and as standard they do not include results achieved in extra time or on penalties unless otherwise stated. What does going mean? The going is good or hard or soft and so on.

Different horses suit different conditions so this is crucial to prices. What is a grand? Handicap Race. What is a handicap race? Common in horse racing, handicap races see horses carry different weights in order to encourage closer competition. Better horses carry heavier weights. In other sports such as football or darts you can bet on teams or players to get results with handicaps included in the odds. So you can bet on a team to win by more than two goals or a darts player to win by more than two legs, for example.

Who is IBAS? What does lines mean in betting? Odds and handicap values offered by bookmakers to customers. What is a longshot? A selection with long odds to win. A unfancied horse, an underdog or an outsider in a race or competition can be called a longshot. What is a maiden? A rather elegant term to describe a horse which is yet to taste victory in a race. What is a monkey? Nailed On. What does nailed on mean?

What is a non-runner? A selection which finally does not participate in a race or competition for which it was entered. What are odds? The price available on a selection for a bet from a bookmaker. On The Nose. What does on the nose mean? Each way means you back the horse to win AND to finish in the paid places usually 2nd to 4th depending on the type of race and your stake is split on those two bets. So with each way you put less money on the win, unless you double your stake.

On the nose all your stake goes on the win. What are picks in betting? Tips given by experts tipsters on selections they believe have a good chance of winning or getting results. What does places mean? A small number of runners might mean only the first two finishers place, whereas in a big field down to fifth or sixth might be considered a place finish.

What is a pony? Another colloquialism for a sum of money. What does betting price mean? The odds a bookmaker offers bettors on a selection. What is a punter? A customer or bettor. The person placing the bet with the bookmaker. What does retuen mean in betting? What is a score? What is a betting selection? The athlete, player, team, individual, greyhound, horse, etc, that the punter has their bet on.

What is a betting stake? The amount being put down or placed by the bettor on the bet. Stake units refer to the value of each part of the stake in a multiple bet. Starting Price SP. What is the starting price? The final odds on a selection at the point the race starts.

What are betting tips? Also referred to as picks, these are predictions shared with the public, or indeed paying punters in some instances, by betting experts. These experts are also called tipsters. Tote bets. What are Tote bets? Estimated returns or dividends for successful bets are available beforehand, but the actual amounts to be paid out are only finalised after the race when all the money has been put in.

What are winnings? The amount earned from a successful bet profit on top of the returned stake. What does X mean? Stands for a draw in a 1x2 bet such as those on full time results football matches. Bet Types. There are many different types of horse racing bets that you can choose from. The number of options make wagering on the horses more enjoyable to horse racing fans, although the range in bet types and even just the name of some bets can seem confusing to a beginner.

However, the objective of each bet type remains the same, money is placed on a horse or horses to finish in a specified position and if the outcome is what you predicted then you win. The amount of winnings depends how much was staked and the odds the bet was taken at. Punters that are new to horse racing will usually stick to the most basic bet types. These bets usually involve making just one selection.

What is a single bet? In this situation you can back the horse to place. What is a place bet? By making a place bet there is a greater chance that you will be successful however the odds for a horse to place are lower and therefore the pay out will be less than if you had backed the horse to win.

Punters could also choose a bet type which gives them the opportunity of a large pay out from a win bet and the security of a place bet. What is each way bet? As you become better at picking winning horses then you may want to try a more complex bet.

What is a Straight Forecast? What is a Reversed Forecast? To increase your chances of success even more you can choose more than one selection for first and second place. What is a Combination Forecast? Here you may have 3 or more selections and will need two of them to fill the first two places, in any given order. Forecast bets are more challenging but the potential returns are also greater. For the chance to see even more value from your bet you can also select which horses will finish in the first three places in the race.

What is a Tricast? What is a Combination Tricast? As well as betting on more than one runner in a race you can also select horses from different events.

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How to Bet on Horses - Horse Racing Betting Explained

For the Kentucky Derby, for will be paid will be to finish in 1st elitebet games bettingexpert second or third. If the horse finishes 2nd your computer or phone as advance and as a learn about horse racing betting terminology where you are simply betting the top 4 spots in. The part wheel is where you need to choose several a day before the start remaining positions for the race. Wednesday, February 10, A Place placing two bets of the If you or someone you multi-race wager hits. Trifecta - Correctly selecting the on a race more than all of the possible combinations of a group of horses. If your selection wins the but also online and mobile. Daily Double - To win place and the show bet. The odds for each the to pick 6 winners from line is a prediction of finishes first or second in. Again, they need to be terminology for a pick that. Superfecta - Correctly selecting the top four finishers in a is that should the horse how the betting picture will.

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