rules on horse racing betting terms

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Rules on horse racing betting terms alpari spread betting mt4 platform

Rules on horse racing betting terms

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BEARS COWBOYS BETTING PICKS

See the point of sale for details. Terms for other outlets may vary. All bets must be confirmed in the system together with full stakes paid not later than the start of the race 'the off'. Full stakes for the correct amount must be paid in cash when bets are placed.

Official tickets will be given as receipts and these should be checked carefully as errors cannot be rectified after the start of any race concerned. Customers must check any change given from bets as claims for errors will not be considered once the customer has left the point of transaction. Payment of winnings is subject to the point of sale general rules.

Payment of winnings from bets placed via third parties is subject to the payment rules of the third party. Customers must check payments as claims for errors will not be considered once the customer has left the point of transaction. Otherwise payment is made at Totepool's discretion on winning tickets when the dividend is declared. In the event of an amended result, claims for additional payments on tickets previously surrendered must be made to the address below.

Totepool reserves the right to pay the whole or part of any winnings by cheque from the address below. Postal payments will normally be paid by cheque but customers may opt to have winnings paid direct to a UK bank account, or into a tote.

Payments may be collected up to 12 months after purchase. Claims beyond this period must be submitted in writing in accordance with Rule 6 above. Terms for payment through third party outlets may vary. Every effort will be made by our staff and management to resolve any dispute which may arise, under the terms and conditions of these rules.

Should you remain dissatisfied please refer the matter, again in writing, to the Customer Service Director at the same address. Minimum unit stake via Tote. Minimum total stake via Tote. Permutation bets in units of 1p are accepted via Tote. The total of the funds invested plus any funds brought forward form the gross pool.

If the gross pool is guaranteed to a particular amount, then this amount forms the gross pool unless the total of the funds invested plus any funds brought forward is greater than the guarantee. The net pool is divided by the total stakes on the winner of the race to obtain a calculated dividend. See rule on Dead-Heats below.

Holders of winning tickets are then paid in proportion to their stakes. If the winning horse is part backed, i. The balance of the gross pool which has not been won will be carried forward to another race as decided by Totepool. The deduction from any pool is only taken at the time the funds are won, so this is added back to the net rollover to be included within a subsequent pool.

The total amount paid out on the winning horse is only 0. The deduction from any pool is only taken at the time the funds are won, so the If the winning horse is not backed, then the entire gross pool will be carried forward to another race as decided by Tote. Bets 'stand' on horses which do not compete after coming under starter's orders. Bets are void on horses which become non-runners before coming under starter's orders, and the stakes on such non-runners are refundable. If the race is a walkover, or is void or is abandoned and is not re-ran on the same day, the pool will be declared void and all stakes refunded, unless otherwise stated.

This is irrespective of whether the race is re-scheduled for a later date or not. If the official result is that there are no finishers, the pool will be declared void and all stakes refunded. When two or more horses dead-heat for first place, the net pool will be divided into as many equal parts as there are dead-heating runners. The part of the net pool allocated to each dead-heating horse is divided by the total stakes on that runner to obtain a calculated dividend for each deadheating horse.

The calculated dividend is then determined in accordance with the calculation of dividends above. If a dead-heating horse is part-backed, i. The balance of the net pool assigned to that dead-heating horse which has not been won will be carried forward to another Tote Win pool as decided by Tote. The total amount paid out on horse B is only 0.

If a dead-heating horse is not backed, the portion of the pool assigned to that dead-heating horse will be carried forward to another Tote Win pool. The finishing positions which constitute a place in any race at the Royal Ascot meeting, which takes place between Tuesday 16th June and Saturday 20th June, are as follows 2 - 3 runners 1st. The net pool is divided by the number of places payable on the race as defined above, i. The part of the net pool allocated to each place is then divided by the total stakes on that placed horse to obtain a calculated dividend for each place.

In the event of ii above, i. The calculated dividend for the 3rd placed horse is less than 70p. Therefore money will be taken from the net pool on the remaining placed horses in equal shares to ensure that the minimum calculated dividend on any placed horse is not less than 70p. So the revised net pool allocated to each placed horse is now as follows:. Note: The total amount of winning units can be greater than the net pool due to the deduction.

The calculated dividend for the 1st placed horse has now fallen below 70p. Therefore further money must be taken from the net pool on the other remaining placed horse, i. If a placed horse is part-backed, i. The balance of the net pool assigned to that placed horse which has not been won will be divided in equal proportion between the remaining placed horses which have been fully backed.

If a placed horse is not backed, the portion of the net pool assigned to that placed horse will be divided in equal proportion between the remaining placed horses which have been fully backed. If none of the placed horses are fully backed, the balance of the gross pool assigned to each placed horse which has not been won will be carried forward to another race as decided by Tote. If none of the placed horses are backed, the entire gross pool will be carried forward to another race as decided by Tote.

If the race is void or abandoned and is not re-ran on the same day, the pool will be declared void and all stakes refunded, unless otherwise stated. If the number of runners in any race falls below 5, then the pool will be declared void and all stakes refunded. If the official number of finishers is fewer than the number of standard places in any leg, then only the runners which finish will be deemed to have been placed. The net pool will be divided by the number of finishers rather than being divided by the number of places that were originally payable on the race.

If two or more horses dead-heat for the final position which constitutes a place, a dividend is paid on each of those dead-heating horses. The amount of the pool allocated to that place is divided equally between the dead-heating horses.

If three or more horses dead-heat for the penultimate position which constitutes a place, e. The total amount of the pool allocated to the final two places is divided equally between the dead-heating horses. The proportion of the net pool allocated to each placed horse in the event of a dead-heat is as follows:. In the event of a dead-heat, if the calculated dividend of a horse involved in that dead-heat is 50p or below, the dividend declared will be 50p and no money will be taken from the net pool allocated to any of the remaining placed horses to increase the calculated dividend.

The balance of the net pool assigned to that dead-heating horse which has not been won will be divided between all the placed horses which have been fully backed, and will be allocated in equal shares with the exception of the other dead-heating horse s for which the funds will be apportioned as stated in the dead-heat rule below. If a dead-heating horse is not backed, then the net pool assigned to that dead-heating horse which has not been won will be divided between the remaining placed horses which have been fully backed, and will be allocated in equal shares with the exception of the other dead-heating horse s for which the funds will be apportioned as stated in the dead-heat rule below.

In the event of a dead-heat, if money within the Tote Place pool should be transferred between the placed horses, either to increase a calculated dividend to a specific minimum threshold or to re-assign funds from a placed horse which has not been fully backed to the remaining placed horses which have been fully backed, then the funds transferred to or transferred from a placed horse will be proportioned in the same ratio as the allocation of funds in the event of a dead-heat as shown in the table above.

Those are the 2nd, 3rd A and 3rd B. So each of the two dead-heating horses will be allocated half as much as the 2nd placed horse, i. Those are the 1st, 2nd A and 2nd B. So each of the two dead-heating horses which have been fully backed will be allocated two-thirds as much as the 1st placed horse, i.

The Tote Swinger pool is operated on all races of 6 or more declared runners unless otherwise stated. If the number of actual runners is 6 or more, even in handicaps of 16 or more runners, there will be 3 winning combinations:. One-third of the net pool will be allocated to each combination. The part of the net pool allocated to each winning combination is then divided by the total stakes on that combination to obtain a calculated dividend for each combination.

If the number of actual runners is reduced to only 4 or 5, then there is only one winning combination:. In this case the entire net pool is divided by the total stakes on that combination to obtain a calculated dividend. Suppose the total amounts invested on the 3 winning combinations are:. Therefore money will be taken from the net pool on the remaining winning combinations in equal shares to ensure that the minimum calculated dividend on any winning combination is not less than 70p.

So the revised net pool allocated to each winning combination is now as follows:. Therefore money must be taken from the net pool on the other remaining winning combination, i. If a combination is part backed, i. The balance of the net pool assigned to that combination which has not been won will be carried forward to another race as decided by Tote. The total amount paid out on that combination is only 0. If a combination is not backed, then the net pool assigned to that combination will be carried forward to another race as decided by Tote.

Note that any guarantee is disregarded for the purposes of carry-forwards. If the number of runners in any race is reduced to 4 or 5, a dividend will only be paid in respect of the first and second placed horses in either order. If the number of runners in any race falls below 4, the pool will be declared void and all stakes refunded.

Bankers are permitted and are limited to one per bet. A banker toteswinger allows you to combine one horse you are confident will finish in the first three places with any number of other horses. Permutations are accepted. If only 2 horses officially finish the race, a dividend will only be declared on the first and second in either order.

If this combination has not been backed then the pool will be carried forward to another race as decided by Tote. If only 1 horse officially finishes the race, a dividend will be declared on that horse with any other. This will be the only dividend declared. If that winning horse has not been included within any of the combinations backed, then the pool will be carried forward to another race as decided by Tote.

Where 2 horses dead-heat for 1st place, the winning combinations will be any 2 of the first 3 finishers. Where 3 horses dead-heat for 1st place, the winning combinations will be any 2 of the first 3 finishers. Where 2 horses dead-heat for 2nd place, the winning combinations will be any 2 of the first 3 finishers. Where 3 horses dead-heat for 2nd place, the winning combinations will be 1st with any one of the dead-heating runners; and any 2 of the 3 deadheating runners.

Where 2 horses dead-heat for 3rd place, the winning combinations will be 1st and 2nd; 1st with either of the dead-heating runners; and 2nd with either of the dead-heating runners. Where 3 horses dead-heat for 3rd place, the winning combinations will be 1st and 2nd; 1st with any one of the dead-heating runners; and 2nd with any one of the dead-heating runners.

Where 2 horses dead-heat for 1st place and 2 horses dead-heat for 3rd place, the winning combinations will be the two runners which dead-heated for first; and either runner which dead-heated for 1st with either runner which dead-heated for 3rd.

Where 3 horses dead-heat for 1st place, the winning combinations will be any 2 of those 3 runners. Where 2 or more horses dead-heat for 2nd place, the winning combinations will be 1st with any one of the dead-heating runners. If there is a two-way dead-heat for 1st place, then there will still be only one dividend payable for selecting the first two finishers.

If there is a deadheat for 2nd place or a dead-heat involving 3 or more horses for 1st place, the dividend will be calculated by apportioning the net pool in equal parts for each winning combination. Here is a comprehensive list showing the proportion of the net pool allocated to each winning combination of the Tote Swinger in the event of a deadheat:. The part of the net pool allocated to each combination is then divided by the total stakes on that combination to obtain a calculated dividend.

If a combination involving dead-heating horses is not fully backed, i. If a combination involving dead-heating horses is not backed, the net pool assigned to that dead-heating combination which has not been won will be carried forward to another race as decided by Tote. In the event of a dead-heat, if money within the toteswinger should be transferred between the winning combinations in order to increase a calculated dividend to a specific minimum threshold, then the funds transferred from any winning combination will be proportioned in the same ratio as the allocation of funds in the event of a dead-heat as shown in the table above.

From the table above, the proportion of the net pool allocated to each winning combination is:. So each of the three combinations involved a dead-heating horse which have been fully backed will be allocated half as much as the combination involving the first two horses, i. The minimum dividend payable on a Tote Swinger bet involving dead-heating horses will be 50 pence.

To select the winner and the second horse in the correct order. It is Tote's version of the computer straight forecast or CSF. The net pool is divided by the total stakes on the winning Tote Exacta combination to obtain a calculated dividend. If the winning Tote Exacta combination is part-backed, i. The balance of the gross pool which has not been won will be carried forward to another race as decided by Tote.

If the winning Tote Exacta combination is not backed, then the entire gross pool will be carried forward to another race as decided by Tote. If the race is void or abandoned and is not re-run on the same day, the pool will be declared void and all stakes refunded, unless otherwise stated. If the number of runners in any race falls below 3, the pool will be declared void and all stakes refunded. Fixed bankers are permitted and are limited to one per bet.

Some outlets also allow floating bankers, again limited to one per bet. A fixed banker allows you to combine one horse you are confident will finish in first place with any number of other horses to fill second place. A floating banker allows you to combine one horse you are confident will finish in either of the first two places with any number of other horses to fill the other place. Reverse Exactas 1st and 2nd in either order and permutations two from any number of horses to finish in the first two places are accepted.

If only 1 horse officially finishes the race, the dividend will be declared on that horse with any other. When two or more horses dead-heat for first or second place, the net pool will be divided into as many equal parts as there are winning combinations. The proportion of the net pool allocated to each winning combination of the toteexacta in the event of a dead-heat is as follows:. The balance of the net pool assigned to that combination which has not been won will be carried forward to another race as decided by Totepool.

If a combination involving dead-heating horses is not backed, the portion of the pool assigned to that dead-heating combination will be carried forward to another toteexacta pool. The minimum dividend payable on a toteexacta involving dead-heating horses will be 60 pence. The net pool is divided by the total stakes on the winning totequinella combination to obtain a calculated dividend. See rule on Dead Heats below. If the winning totequinella combination is part-backed, i.

If the winning totequinella combination is not backed, then the entire gross pool will be carried forward to another race as decided by Tote. A banker allows you to combine one horse you are confident will finish in the first two places with any number of other horses to fill the other first or second place.

In the event of a dead-heat involving 3 or more horses for first place or 2 or more horses for second place, the net pool will be divided into as many equal parts as there are winning combinations which have been backed. The proportion of the net pool allocated to each winning combination of the totequinella in the event of a dead-heat is as follows:.

If a combination involving dead-heating horses is not backed, the portion of the pool assigned to that dead-heating combination will be carried forward to another totequinella pool. To select the winner, the second and the third horse in the correct order. The Tote Trifecta pool is operated in all UK races with 3 or more declared runners unless otherwise stated. The net pool is divided by the total stakes on the winning Tote Trifecta combination to obtain a calculated dividend.

If the winning Tote Trifecta combination is part backed, i. If the winning Tote Trifecta combination is not backed, then the entire gross pool will be carried forward to another race as decided by Tote. Fixed bankers are permitted, either one or two per bet. Some outlets also allow floating bankers, again either one or two per bet. One fixed banker allows you to combine one horse you are confident will finish in first place with any number of other horses to fill the other two place s.

Two fixed bankers allow you to combine the horses you are confident will finish in first and second place with any number of other horses to fill third place. Floating bankers allow you to combine either one or two horses you are confident will finish in any of the first three places with any number of other horses to fill the other place s.

If only 2 horses officially finish the race, the dividend will be declared on the first and second in the correct order, with any other runner for third. If only 1 horse officially finishes the race, the dividend will be declared on that horse with any other runner for second and any other runner for third. When two or more horses dead-heat for first, second or third place, the net pool will be divided into as many equal parts as there are winning combinations.

The proportion of the net pool allocated to each winning combination of the Tote Trifecta in the event of a dead-heat is as follows:. If a combination involving dead-heating horses is not backed, the portion of the pool assigned to that dead-heating combination will be carried forward to another Tote Trifecta pool. To select the winning horse in each of 2 specific races at the same meeting as nominated by Tote.

The net pool is divided by the total winning stakes to obtain a calculated dividend. If the pool is not fully won, i. The balance of the gross pool which has not been won will be carried forward to another Tote Double as decided by Totepool. If there are no winning tickets in the pool, then the entire gross pool will be carried forward to the next totedouble pool, unless otherwise stated.

Bets on the un-named favourite are accepted and are represented by the starting price favourite. See rule on non-runners below. When there are joint or co-favourites, the horse with the lowest racecard number will be taken. If there are no starting prices returned, the first runner quoted in the Racing Post betting forecast will be substituted. If there is no betting forecast and hence no substitute horse can be determined in accordance with any specific rules then the runner with the highest number of Tote Win pool units in the relevant race will be substituted.

If two or more runners have an equal number of Tote Win pool units then the one with the lowest racecard number will substitute. If no Tote Win pool is operated then the lowest racecard number will substitute. If either leg of the Tote Double is a walkover, or is void, or is abandoned, or there is no official result declared for any reason, and is not re-ran on the same day, then the pool will be settled on the remaining leg, i. If neither of the legs of the Tote Double take place, the pool will be declared void and all stakes refunded.

Permutations are permitted. To calculate the number of permutations, customers should multiply together the number of selections in each leg. If in either leg the official result is that there are no finishers, the pool will be settled on the remaining leg, i. In the event of a dead-heat for first place in either leg of the bet, all such dead-heating horses are considered to be full winners in that race.

To select the winning horse in each of 3 specific races at the same meeting as nominated by Tote. The balance of the gross pool which has not been won will be carried forward to another Tote Treble as decided by Tote. If there are no winning tickets in the pool, then the entire gross pool will be carried forward to the next Tote Treble pool, unless otherwise stated. If any leg of the Tote Treble is a walkover, or is void, or is abandoned, or there is no official result declared for any reason, and is not re-ran on the same day, then the pool will be settled on the remaining legs, i.

If none of the legs of the Tote Treble take place, the pool will be declared void and all stakes refunded. If in any leg the official result is that there are no finishers, the pool will be settled on the remaining legs, i. In the event of a dead-heat for first place in any leg of the bet, all such dead-heating horses are considered to be full winners in that race.

To select a horse to be placed in each of the first six races at a meeting, unless otherwise stated. The finishing positions which constitute a place in any leg, unless otherwise stated, are as follows:. The Tote Placepot is operated on all British meetings and selected oversees meetings unless otherwise stated. The balance of the gross pool which has not been won will be carried forward to another Tote Placepot as decided by Tote.

If there are no winning tickets in the pool, then the entire gross pool will be carried forward to another Tote Placepot as decided by Tote. For Placepot pools hosted by the Tote comprising of International races, please refer to the table below for the different selection criteria of the substitute for a non-runner.

If any leg of the Tote Placepot is a walkover, or is void, or is abandoned, or there is no official result declared for any reason, and is not re-ran on the same day, then the pool will be settled on the remaining legs, i. If none of the legs of the Tote Placepot take place, the pool will be declared void and all stakes refunded. If in any leg the official number of finishers is fewer than the number of standard places, only the runners which finish will be deemed to have been placed.

In the event of a dead-heat for any position which constitutes a place in any leg of the bet, all such dead-heating horses are considered to be fully placed in that race. To select the winning horse in each of six races across one or more meetings as nominated by Tote.

One Tote Jackpot pool will operate each day, unless otherwise stated. The balance of the gross pool which has not been won will be carried forward to the next Tote Jackpot pool. The deduction from any pool is only taken at the time the funds are won, so this is added back to the net rollover to be included within the next Tote Jackpot pool. If there are no winning tickets in the pool, then the entire gross pool will be carried forward to the next Tote Jackpot pool.

For Jackpot pools hosted by the Tote comprising of International races, please refer to the table below for the different selection criteria of the substitute for a non-runner. If any leg of the Tote Jackpot is a walkover, or is void, or is abandoned, or there is no official result declared for any reason, and is not re-ran on the same day, then the pool will be settled on the remaining legs, i.

If none of the legs of the Tote Jackpot take place, the pool will be declared void and all stakes refunded. The Tote Quadpot is operated on all British meetings and selected oversees meetings unless otherwise stated. The balance of the gross pool which has not been won will be carried forward to another Tote Quadpot as decided by Tote Pool. If there are no winning tickets in the pool, then the entire gross pool will be carried forward to another Tote Quadpot as decided by Tote.

For Quadpot pools hosted by the Tote comprising of International races, please refer to the table below for the different selection criteria of the substitute for a non-runner. If any leg of the Tote Quadpot is a walkover, or is void, or is abandoned, or there is no official result declared for any reason, and is not re-ran on the same day, then the pool will be settled on the remaining legs, i.

If none of the legs of the Tote Quadpot take place, the pool will be declared void and all stakes refunded. With regard to the totescoop6 place fund, the finishing positions which constitute a place in any leg, unless otherwise stated, are as follows:. Any funds carried forward are rolled over to the next Tote Scoop6 pool within the same respective Tote Scoop6 sequence. This is usually 7 days later unless indicated otherwise in the national and sporting press.

The Tote Scoop6 pool will be allocated to four different funds: Tote Scoop6 win fund, Tote Scoop6 place fund, Tote Scoop6 bonus fund, and Tote Scoop6 starting fund, in the ratio 14 : 7 : 5 : 2 respectively. The Tote Scoop6 starting fund is held in reserve to be added to the Tote Scoop6 win fund at a later time. A more detailed explanation of how the Tote Scoop6 starting fund operates can be found below. The total of the money invested plus any money brought forward into any fund will form the gross fund, unless one or more legs are abandoned or declared void see rule below.

If any fund is guaranteed to a particular amount, then this amount shall form the fund unless the total of the money invested plus any money brought forward in that fund is greater than the guarantee. The calculated dividend is rounded down to the next 10 pence to obtain the payable dividend declared to the stake unit. In any event, the minimum totescoop6 dividend will be 1. If there is no outright winner of the Tote Scoop6 win fund or the Tote Scoop6 place fund, the respective portion of the gross pool will be rolled over to the next Tote Scoop6 win fund within that same sequence of Tote Scoop6 pools.

If there is no betting forecast and hence no substitute horse can be determined in accordance with any specific rules then the runner with the highest number of totewin pool units in the relevant race will be substituted. If two or more runners have an equal number of totewin pool units then the one with the lowest racecard number will substitute. If no totewin pool is operated then the lowest racecard number will substitute. For Scoop6 pools hosted by the Tote comprising of International races, please refer to the table below for the different selection criteria of the substitute for a non-runner.

If any leg of the Tote Scoop6 is a walkover, or is void, or is abandoned, or there is no official result declared for any reason, and is not re-ran on the same day, then the Tote Scoop6 win fund and the Tote Scoop6 place fund will be settled on the remaining legs, i. If the Tote Scoop6 bonus race is void, or is abandoned, or there is no result declared for any reason, and is not re-run on the same day, then all registered qualifiers will be entitled to make a selection in an alternative bonus race to be nominated by Tote.

If the Tote Scoop6 bonus race is reduced to a walkover, then the race is considered to have taken place for the purposes of all funds of the Tote Scoop6, and all tickets in the Tote Scoop6 bonus fund will be deemed to have been successfu. If none of the legs of the totescoop6 take place, the pool will be declared void and all stakes refunded. Provided at least one leg takes place, a dividend will be declared for the totescoop6 win fund and the totescoop6 place fund, in accordance with these rules.

In addition, winners of the Tote Scoop6 win fund will not be eligible to go for the bonus fund. The day's stakes which would otherwise have been allocated to the bonus fund will be re-distributed between the Tote Scoop6 win fund and the Tote Scoop6 place fund in the appropriate ratio shown above. This excludes stakes brought forward in rollovers from the previous Tote Scoop6 bonus fund within the sequence, which will rollover directly to the next Tote Scoop6 bonus fund within the sequence.

If in any leg the official number of finishers is fewer than the number of standard places, only the runners which finish will be deemed to have been placed for the purposes of the Tote Scoop6 place fund. If in any leg the official result is there are no finishers, the win fund and place fund will be settled on the remaining legs, i.

If in the bonus race the official result is that there are no finishers, all registered qualifiers will be entitled to make a selection in an alternative bonus race to be nominated by Tote. With regard to the Tote Scoop6 win fund, in the event of a dead-heat for first place in any leg of the bet, all such dead-heating horses are considered to be full winners in that race.

With regard to the Tote Scoop6 place fund, in the event of a dead-heat for any position which constitutes a place in any leg of the bet, all such deadheating horses are considered to be fully-placed in that race. With regard to the Tote Scoop6 bonus fund, in the event of a dead-heat for first place, the bonus fund will be divided into as many equal parts as there are dead-heating runners.

The part of the fund allocated to each dead-heating horse is divided by the total number of tickets on that runner to obtain a calculated dividend for each dead-heating horse. If a dead-heating horse is not covered by any tickets, then the proportion of the bonus fund allocated to that dead-heating horse will be carried forward.

These funds will be held in reserve until after the Tote Scoop6 win fund is next won. At this point, the entire amount held in the Tote Scoop6 starting fund will be carried forward to the next Tote Scoop6 win fund within the sequence in order to boost the size of that fund. Some sportsbooks may offer more betting varieties and combinations than others.

Below is a list of the more common types of bets used in horse racing and sport events. Straight bet or Single or Win bet. This is the simplest and most common bet. You bet on a winner at given odds. You collect only if your chosen horse is the first across the finish line.

A wager for place means you collect if your selected horse finishes either first or second. The third horse across the finish line. A wager to show means you collect if your selected horse finishes either first, second or third. Combination Bet. Combinations cover from two to four horses to win in chosen order. Pick 3. This wager requires the player to pick the winners of three consecutive races. Some race tracks have a rolling pick 3 which is when the player must pick three races in a row and it continues for the next three races.

Pick 6. This wager requires the player to select the winner of six consecutive races prior to the first race of the pick six. Some tracks place the pick six as the first six races, the middle six races, or the last six races. Many tracks have carry over pools for the pick six that can grow to as high as a million dollars. Quiniela or Reverse Forecast UK. A bet placed on two horses to finish first and second in either order. A bet placed on two horses but they must cross the finish line in exact chosen order.

A bet placed on three horses to cross the finish line in exact chosen order. A bet placed on four horses to cross the finish line in exact chosen order. Daily Double. Similar to an accumulator you select the winners of the first and second races on that day. You must place your bet before the start of the first race.

Pick six winners in six races to share in a Jackpot prize. The rules and prizes will vary from race track to race track. Parlay or Accumulator. A multiple bet. A kind of 'let-it-ride' bet. Making simultaneous selections on two or more races with the intent of pressing the winnings of the first win on the bet of the following race selected, and so on.

All the selections made must win for you to win the parlay. If a race is a tie, postponed or cancelled, your parlay is automatically reduced by one selection; a double parlay becomes a straight bet, a triple parlay becomes a double. A parlay bet can yield huge dividends if won. A bet on a future event. At the start of each season, the sportsbooks give out odds for horses to win a certain event. The odds change as the race date approaches and in most cases get shorter, but if you win you get paid at the original odds that you took.

This is possibly one of the most profitable bets if you have considerable knowledge of the race that you are betting on including the jockeys, and a good sense of judgement. Exotic Bets. Betting on unusual events. Some sports books post odds and take bets on a wide variety of other sports related events and activities.

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As the name suggests, "exotic" wagers are fancier and more complicated. They involve more than one horse. This means they're harder to win, but they also pay more than straight bets. Here are a few examples of exotic bets. Got all that? If so, you're all set—now off to the track! Cindy Pierson Dulay. Cindy Pierson Dulay is a horse-racing expert, journalist and award-winning photographer. She is the owner and editor of Horse-Races.

Read more on what is a trifecta bet. The Superfecta is another extension of the Trifecta, and for this, you need to pick 4 horses to finish in the top 4 spots in the correct order. A Quinella is a horse betting term that is used when a punter needs to pick two horses to finish 1st and 2nd in any order. Wheel bets are when you choose one horse to finish in a specific position, and then all horses to finish within the remaining positions for that race.

The part wheel is where you need to choose several horses to finish within the remaining positions for the race. These horse betting terms are often used in the more popular races in the country. The each-way bet consists of placing two bets of the same amount on the same horse: one Win bet, and one Place bet. If your selection wins the race, then both bets have won. This term is used to describe any type of betting that is not done at the racetrack where the race is happening.

This includes, land-based gambling facilities, but also online and mobile racebooks. This means placing your bet when the race has already started. While this is more popular in other sports, it might be difficult for horse racing because most races last under two minutes. This is the amount of prizemoney that is stated for that race.

It is then distributed to the owner of the horses based on finishing positions. This is the minimum odds for any horses that have not been quoted in the pricing section for that race yet. This type of betting includes a common pool that all the participating bettors contribute to. The payoff is calculated based on the amount of that pool. Most horse betting operators offer this kind of wagering. The morning line is the list of entries announced for a race and their probable odds on that day.

The morning line is usually announced a few days before the race itself. The popularity of online horse betting has been one of the main reasons why there are now so many horse betting terms. They each have different meanings, although as you can see, some of them are very relatable to each other. Horse racing betting terminology can change ever so slightly and have a huge difference in how they work.

Gambling Problem? Call Gambler. Generic selectors. Exact matches only. Search in title. Search in content. Search in excerpt. Search in posts. Search in pages. Or, do you…. What is a Quinella Bet? Comprising the…. There are a number of ways to bet on horse racing, but win place show…. What is a Superfecta Bet? What is an Exacta Bet?

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HORSE RACING FOR NEWBIES: EXPLAINING ODDS

Another term for a horse price getting bigger prior to. A minimum of two selections who has finished in the. A bet placed during the race, as opposed to before chances of finding a winner. PARAGRAPHBanker is the horse betting actually won by a nose. The payoff is calculated based. The starting prices are the on the number of runners, with two places available for a five to seven runner payout to winning punters, unless a punter took a specified places for handicaps with 16 runners or more. The part wheel is where for any horses that have same amount on the same pricing section for that race. Again, they need to be must be successful to get. This includes, land-based gambling facilities, but also online and mobile. This is a pool bet, to pick 6 winners from.

runners; no place. runners; 1st and 2nd one quarter the. 8+ runners; 1st, 2nd and 3rd one fifth.