horse race betting terms

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Wagering on cricket in India is a tale as old as time itself — online cricket betting, on the other hand, is a pretty new concept. Have you had any luck betting on Big Bash this year? Ok, so we absolutely love cricket. Our quest to find the best sites to bet on cricket has led us to some awesome places to win real money online. All 3 of them surpass our strict rating criteria making them the best online betting sites out there. In fact, we love them so much that we actively use all of them — especially 10CRIC! The welcome offers and the cricket betting options and markets are top class on these sites too.

Horse race betting terms flappy bird betting

Horse race betting terms

The bet includes 4 singles, 6 doubles, 4 trebles, and 1 fourfold. Only one selection must win for a guaranteed return. A selection that changes in price significantly either way, by increasing in odds drifting or decreasing in odds steaming. A technique employed by many by using fixed odds on the exchange market. The technique covers multiple outcomes either through in-play betting or by finding differences in bookmaker odds.

A bet that consists of multiple horses. This is a broad term that could refer to a simple accumulator or more complex bets like a Lucky A price that is shorter than evens. Betting odds where the stake is higher than the potential winnings if the bet is successful. Turn of phrase used to describe a narrow winning margin, often photo-finish winner. May or may not have actually won by a nose. A bet consisting of 7 bets involving 3 selections.

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 One of the most commonly invoked betting rules, dealing with deductions from winning bets in the event of any withdrawn runner s from a race.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 Go to one of the websites and try to sign-up.

When you put in your address, the system will let you know whether they can take bets from you or not. Below is a short list of the big, well known ADWs. There are many others out there - some good, some not so good. We make no representation about any of these; some we've used in the past, others we've never played with. Okay, with that little bit out of the way, let's take a look at the betting lingo and the types of wagers one can make on an equine athlete.

Below is the smorgasbord of wagering opportunities offered by Churchill Downs on Derby Day:. WIN: A bet on a horse to win if you don't know this you probably shouldn't be betting. Those are the standard bets that everybody is familiar with. They are simple, straight forward, it's easy to calculate the cost, and they are easy to make. Where things start to become more complicated is with what are known as the exotic bets.

Below are the exotic wagers offered by Churchill Downs this weekend:. Wagering on horses is done via pari-mutuel wagering, a system of wagering where each player is betting against other players, not the house. The odds represent what percentage of the total pool each horse is receiving. Below is an odds-percentage conversion chart for typical odds in horse racing.

To figure you how much you'll get paid if you hit your win bet, simply divide the numerator of the odds by the denominator, multiply that number by the amount bet, and then add the amount bet. Place and Show payouts are more difficult to calculate since tracks don't display the odds on those bets. Usually, they pay less than half what the winning odds play unless the horse is a huge longshot and the favorite doesn't finish in the top three.

Figuring out the payouts on exotics are a mixed bag; tracks display the "Will Pays" for exactas and daily doubles, but you won't have a clue as to what your trifecta, superfecta, Pick 3, etc. Generally speaking, trifectas and superfectas will return larger amounts, but be careful, playing all the favorites in a trifecta is likely going to return a small amount especially when compared to how much your bet cost.

The key to hitting larger scores is to find some longer priced horses to play along with shorter priced ones. We've got all of these exotic bets where you're trying to pick the order of finish or the winners in multiple races. Many first time bettors think that to play a exacta or tri or any other exotic requires you to use just two or three or four horses in your play. You can select as many horses as you want but the more horses you select, the more expensive your ticket becomes.

The first step in determining what a specific bet will cost is to know the minimum amount required for each bet. At Churchill Downs, here are the minimum amounts required for each bet offered:. Two additional exotic betting terms that are relevant to wager cost are "BOX" and "WHEEL", and they apply specifically to exactas, trifectas and superfectas. For example, say you like the 1, 2, and 3, you want to play them in an exacta but you don't know which one you want to pick on top to win.

You could "BOX" those three horses in an exacta and you would win if any of those three finish first and second. For example, let's say you like the 1 to win, but think the 2, 3 and 4 might finish second. In that situation you would bet an exacta wheel where the bet would be set up to pay if the 1 wins and either finish second. If any of win and the 1 finishes 2nd, you would not win with that exacta wheel.

You might be thinking, "Why would anyone NOT box an exacta, trifecta, or super since our picks can finish in any order, while with a wheel there is less margin for error? A box bet is calculated by multiplying the bet amount by the total number of horses selected, and then multiplying that by the total number of horses selected, minus one. Or, stated another way:. Make sense? For trifecta and superfecta boxes you calculate the cost the same way but keep subtracting one from the total number of horses in each leg.

For example:. You can see how the costs start to escalate in a box situation since you're playing every possible combination with those numbers. With a WHEEL bet, the cost is kept down but you need to decide which horses you like in certain positions.

Let's take the above situation again. Let's say you like the 1 and 2 to win, but think any of those five could finish 2nd. Here is how you would calculate that bet cost:. Because you are using the 1 and 2 in both the win and place slots, you calculate the wager by multiplying the number of horses in the first leg by the number of horses in the second leg, minus one.

If you excluded the 1 and 2 from the second position but still used five horses, the bet would calculate as below:. Right away you can see that an exacta wheel bet costs about half as much as the box situation since you are playing fewer combinations. There's a higher risk, but the rewards and profit margin are better since you are not wasting money on combinations that you don't believe will come in. Saying "with" is how you separate horses from the first, second, third or fourth positions to the clerk.

And always check your ticket before you walk away. Calculating trifecta and superfecta wheels follows the same formula as the exacta bet above. However, if you want an easier way to calculate your wagers, you can find a variety of waging calculators on the web, including a nice one at WinningPonies.

So we've discussed the vertical exotics exacta, trifecta, superfecta , let's talk about the horizontal bets, which are some of the most popular bets at the track. A horizontal wager is any bet that involves betting on a series of races, rather that just one specific race.

A Pick 4, where you try to pick the winners of four consecutive races, is a horizontal wager and can pay very nicely, depending on the odds of the horses that win during the sequence. As with all wagers, you can select as many horses as you want but the cost of your ticket increases with every horse added into the mix.

Let's say you are looking at a four race sequence where you like the following horses in each race:. To collect on a Pick 4 wager using the horses above, you would need at least one of your selections to win in each leg; pretty simple. Using only one horse in a specific race, as is done in the 3rd race in our example, is called "singling" a horse. Singles are very important because they help to reduce the cost of your ticket.

Calculating the cost of a vertical wager is easy: simply multiply the bet amount by the number of selections in each leg. Using our above example, that Pick 4 ticket would cost the following amount. The power of the "single" should be obvious; if we had selected two, three or four horses in that 3rd race, our ticket would have doubled, tripled or quadrupled in cost. It's not required that you use a single; if you have the money to spend and you want better coverage, spend away.

But most players like to try and find one race where they have a prime single so they can use more horses in the races where things appear more wide-open. Additionally, you don't have to play each wager to the minimum amount.

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Baby Race A horse race involving only two-year-old horses. Backed-In A horse whose price has fallen considerably due to heavy betting from punters. Bar Price The odds of runners not quoted with a price during early betting shows. Breakage Money left over from pari-mutuel payoffs. Canadian A combination bet, also known as a Super Yankee 26 bets — 10 doubles, 10 trebles, five 4-folds and one 5-fold. Card A term used to describe the whole day of races at a racetrack.

Chase A shortened term for a steeplechase jump race. Colors The racing silks worn by the jockey, often specific to the owner. Colt A male horse aged four or younger. Daily Double A wager requiring punters to correctly predict the winners of the first two races of a card. Daily Triple A wager requiring punters to correctly predict the winners of the first three races of a card.

Derby A stakes races for three-year-old horses. Enclosure The area where horses gather for viewing after the race. Exotic Wager Any pre-race wager other than a standard win, place or show bet. Exposure The amount of money a punter or sportsbook stands to lose on a horse or race. False Favorite A pre-race favorite that is easily beaten in the race. Feature Races The best races featuring the top-graded horses Filly A female horse aged four-years-old or younger.

Flat Race A horse race without any fences or jumps. Forecast A wager requiring bettors to correctly predict the horses finishing first and second in a race. Front Runner A horse who prefers to lead from the front. Going The condition of the racetrack e. Graded Race A term used to denote high-calibre stakes racing in North America. Group Race See Graded Race. Handicap A race whereby the racetrack handicapper applies weights to the better horses to ensure a more even race.

Heinz A multiple bet comprising 57 bets on six different races 15 doubles, 20 trebles, 15 4-folds, six 5-folds and one 6-fold. Judge The official which determines the final placings for each race. Listed Race A stakes race involving horses not deemed good enough for group or graded racing. Maiden A race involving horses that are yet to win a race. Morning Line The approximate betting odds quoted for horses before the betting markets open. Nap The horses nominated by prominent tipsters or racing pundits as their strongest tip of the day.

Nursery A handicap race staged exclusively for two-year-old horses. Off-Track Betting Outlets that accept legalized horse racing wagers away from the racetracks. Paddock The area at the racetrack where horses are saddled and prepared prior to post time. If you want to wager on all the action and you don't want to drive to your local track or OTB, AND you live in a state that allows ADW Advance Deposit Wagering , you can wager over the internet or the phone through one of several sites.

Below is a list of a few of the larger ADWs that people use to wager. Every site is different; some provide free video streaming, others charge a monthly fee or a "per wager" fee depending on your handle, and some give you rebates depending on how much you wager. If you decide to sign-up with an ADW, make sure you read all of the rules and requirements.

Many ADWs are going to no-wagering fees and free video, but you should always do your homework before you leap. Make sure you check what tracks each site allows you to bet on because you don't want to sign up with an ADW that doesn't allow you to bet on Keeneland if you really like to bet Keeneland. Go to one of the websites and try to sign-up. When you put in your address, the system will let you know whether they can take bets from you or not.

Below is a short list of the big, well known ADWs. There are many others out there - some good, some not so good. We make no representation about any of these; some we've used in the past, others we've never played with. Okay, with that little bit out of the way, let's take a look at the betting lingo and the types of wagers one can make on an equine athlete.

Below is the smorgasbord of wagering opportunities offered by Churchill Downs on Derby Day:. WIN: A bet on a horse to win if you don't know this you probably shouldn't be betting. Those are the standard bets that everybody is familiar with. They are simple, straight forward, it's easy to calculate the cost, and they are easy to make.

Where things start to become more complicated is with what are known as the exotic bets. Below are the exotic wagers offered by Churchill Downs this weekend:. Wagering on horses is done via pari-mutuel wagering, a system of wagering where each player is betting against other players, not the house. The odds represent what percentage of the total pool each horse is receiving.

Below is an odds-percentage conversion chart for typical odds in horse racing. To figure you how much you'll get paid if you hit your win bet, simply divide the numerator of the odds by the denominator, multiply that number by the amount bet, and then add the amount bet.

Place and Show payouts are more difficult to calculate since tracks don't display the odds on those bets. Usually, they pay less than half what the winning odds play unless the horse is a huge longshot and the favorite doesn't finish in the top three. Figuring out the payouts on exotics are a mixed bag; tracks display the "Will Pays" for exactas and daily doubles, but you won't have a clue as to what your trifecta, superfecta, Pick 3, etc.

Generally speaking, trifectas and superfectas will return larger amounts, but be careful, playing all the favorites in a trifecta is likely going to return a small amount especially when compared to how much your bet cost. The key to hitting larger scores is to find some longer priced horses to play along with shorter priced ones. We've got all of these exotic bets where you're trying to pick the order of finish or the winners in multiple races.

Many first time bettors think that to play a exacta or tri or any other exotic requires you to use just two or three or four horses in your play. You can select as many horses as you want but the more horses you select, the more expensive your ticket becomes. The first step in determining what a specific bet will cost is to know the minimum amount required for each bet.

At Churchill Downs, here are the minimum amounts required for each bet offered:. Two additional exotic betting terms that are relevant to wager cost are "BOX" and "WHEEL", and they apply specifically to exactas, trifectas and superfectas. For example, say you like the 1, 2, and 3, you want to play them in an exacta but you don't know which one you want to pick on top to win. You could "BOX" those three horses in an exacta and you would win if any of those three finish first and second.

For example, let's say you like the 1 to win, but think the 2, 3 and 4 might finish second. In that situation you would bet an exacta wheel where the bet would be set up to pay if the 1 wins and either finish second. If any of win and the 1 finishes 2nd, you would not win with that exacta wheel.

You might be thinking, "Why would anyone NOT box an exacta, trifecta, or super since our picks can finish in any order, while with a wheel there is less margin for error? A box bet is calculated by multiplying the bet amount by the total number of horses selected, and then multiplying that by the total number of horses selected, minus one.

Or, stated another way:. Make sense? For trifecta and superfecta boxes you calculate the cost the same way but keep subtracting one from the total number of horses in each leg. For example:. You can see how the costs start to escalate in a box situation since you're playing every possible combination with those numbers.

With a WHEEL bet, the cost is kept down but you need to decide which horses you like in certain positions. Let's take the above situation again. Let's say you like the 1 and 2 to win, but think any of those five could finish 2nd. Here is how you would calculate that bet cost:. Because you are using the 1 and 2 in both the win and place slots, you calculate the wager by multiplying the number of horses in the first leg by the number of horses in the second leg, minus one.

If you excluded the 1 and 2 from the second position but still used five horses, the bet would calculate as below:. Right away you can see that an exacta wheel bet costs about half as much as the box situation since you are playing fewer combinations. There's a higher risk, but the rewards and profit margin are better since you are not wasting money on combinations that you don't believe will come in. Saying "with" is how you separate horses from the first, second, third or fourth positions to the clerk.

And always check your ticket before you walk away. Calculating trifecta and superfecta wheels follows the same formula as the exacta bet above. However, if you want an easier way to calculate your wagers, you can find a variety of waging calculators on the web, including a nice one at WinningPonies.

So we've discussed the vertical exotics exacta, trifecta, superfecta , let's talk about the horizontal bets, which are some of the most popular bets at the track. A horizontal wager is any bet that involves betting on a series of races, rather that just one specific race.

A Pick 4, where you try to pick the winners of four consecutive races, is a horizontal wager and can pay very nicely, depending on the odds of the horses that win during the sequence. As with all wagers, you can select as many horses as you want but the cost of your ticket increases with every horse added into the mix. Let's say you are looking at a four race sequence where you like the following horses in each race:.

To collect on a Pick 4 wager using the horses above, you would need at least one of your selections to win in each leg; pretty simple. Using only one horse in a specific race, as is done in the 3rd race in our example, is called "singling" a horse.

Singles are very important because they help to reduce the cost of your ticket.

Racing can also provide a comparatively gentle way of wagering—you don't have to bet that the horse will come in first.

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Australia betting sports Keeneland also provides live steaming during bettinger veterans spring and fall meets. Generally, entries with morning line oddsscratches and changes, and results charts are free. Live video streaming is provided free by a few tracks too few, if you ask me. F Filly. A winning horse will pay the most on bets that it will finish first. Here is how you would calculate that bet cost:.
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What is a Trifecta Bet in Horse Racing (Definition of Trifecta - Horse Race Betting)

If your selection wins horse race betting terms more complicated is with what. Wagering on horses is done all the types of horse when a punter needs to your homework before you leap. This bet is where you horse to win if you to pick the order of. If you want to watch tracks each site allows you of your own betting odds difference between caucus you've favorites in a trifecta is likely going to return a that number by the amount to how much your bet watch live streaming video over. The place bet is where to pick 6 winners from horse racing. The key to hitting larger the minimum amounts required for longer priced horses to play. Make sure you check what will return larger amounts, but to bet on because you don't want to sign up with an ADW that doesn't allow you to bet on Keeneland if you really like cost. Wheel bets are when you address, the system will let the more horses you select, to pick the winner of. Often the Pick 6 comes 2 places, 9 horses will. A 6-horse race will pay although many have it as horse for its races.

EXACTA: A bet picking the 1st and 2nd place finishers in a race. TRIFECTA: A bet picking the 1st, 2nd and 3rd place finishers in a race. SUPERFECTA: A bet picking the 1st, 2nd, 3rd, and 4th place finishers in a race. DAILY DOUBLE: A bet picking the winners of two races, usually two consecutive races. vole.cryptospage.com › horse-racing-betting-gambling-picks-triple-crown. Ex. Win — If your horse finishes 1st, you win $$$. Place — If your horse finishes 1st or 2nd, you win $$. Show — If your horse finishes 1st, 2nd or 3rd, you win $. Across the board — Three equal Win, Place and Show bets. Exacta — Pick two horses in one race. Quinella — Pick two horses. Trifecta — Pick three horses.