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Horse racing betting terms boxer thomas bettinger bergedorf

Horse racing betting terms boxer

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HORSE BETTING ODDS WIN PLACE SHOW BET

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. Of course, the higher the base amount, the more expensive your ticket becomes. If you're a little overwhelmed with the sheer amount of betting options you can take heart with the fact that you don't need to play them all.

In fact, the best wagering strategy usually involves finding a solid win bet before doing anything else. Both have specific options for which bets are available and are detailed below. In the most basic horizontal wager, an exacta , the bettor selects the first and second place horses in the exact order. Picking the first three finishers in exact order is called a trifecta and a superfecta refers to the specific finishing order of the top four horses.

Boxing is a tactic that increases the odds of winning an exotic wager by removing the need to choose the exact order. A quinella , which boxes an exacta allowing the first two finishers to come in any order and still win , is the basic box, but boxing can be applied to the trifecta and superfecta as well. In a sense, a win bet can be thought of as a specific type of wheel bet. Vertical bets are spread over different races.

A daily double is an exotic wager placed on the winner of two consecutive races. Picking the winner of three, four, five or six straight races is referred to as a pick-3 , pick-4 , pick-5 and pick-6 respectively. In addition to traditional betting with a bookmaker, punters bettors are able to both back and lay money on an online betting exchange. Punters who lay the odds are in effect acting as a bookmaker. The odds of a horse are set by the market conditions of the betting exchange which is dictated to by the activity of the members.

By the late 19th century over tracks were in operation in the country but those opposed to gambling caused the banning of bookmakers and horse racing at the beginning of the next century. In pari-mutuel tote betting was introduced, helping the industry to prosper and that has continued to be the case to the present day. Pari-mutuel betting is currently legal in 32 US states. Due to new legislation horse race betting in the US could change significantly in the near future.

Hong Kong generates the largest horse racing revenue in the world and is home to some of the largest horse betting circles including the Hong Kong Jockey Club founded in Betting on horse racing is ingrained in local culture and is seen as an investment.

The revenue the club generate from various wagers makes it the largest taxpayer for the government. A government survey in found that nearly one million Australians 5. Horse race betting in New South Wales NSW is conducted by bookmakers at race meetings and via telephone and Tabcorp tote betting at racecourses and through various retail outlets including the internet. Betting on horse racing in the UK is wide and varied.

In there were 8. From Wikipedia, the free encyclopedia. Main article: Glossary of bets offered by UK bookmakers. Anderson; Ian S. Blackshaw; Robert C. Siekmann; Janwillem Soek 28 October Sports Betting: Law and Policy.

National Thoroughbred Racing Association. Archived from the original PDF on Retrieved The Art of Manliness. Win So Much Money at the Racetrack". Raceform Limited. South China Morning Post. Australian Institute of Family Studies.

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Equibase past-performance information is used in track programs across North America. Evenly Neither gaining nor losing position or distance during a race. Even Money Bet or Evens A bet. Exacta Also, Perfecta A wager that picks the first two finishers in a race in the exact order of finish.

Straight Forecast in the UK. Exacta Box A wager in which all possible combinations using a given number of horses are covered. Exotic wager Any wager other than win, place or show. Exposure The amount of money one actually stands to lose on a game or race. Extended Forced to run at top speed. False Favorite A horse that is a race favorite despite being outclassed by others.

Faltered A horse that was in contention early in the race but drops back in the late stages. Fast track Optimum condition for a dirt track that is dry, even, resilient and fast. Favorite The most popular horse in a race, which is quoted at the lowest odds because it is deemed to have the best chance of winning the race. Feature Races Top races. Fence The inside fence is the inside running rail around the race track, while the outside fence is the outside running rail.

Field 1 All the runners in a race. This is known as favorite vs the field betting and is common in horse and golf betting. Field Horse Two or more starters running as a single betting unit, when there are more entrants than positions on the totalisator board can accommodate.

Filly Female horse four-years-old or younger. Firm track A condition of a turf course corresponding to fast on a dirt track. A firm, resilient surface. First Up The first run a horse has in a new campaign or preparation. Fixed Odds Your dividend is fixed at the odds when you placed your bet. Fixture See 'Meeting'. Flag A bet consisting of 23 bets a 'Yankee' plus 6 'Single Stakes About' bets in pairs on 4 selections in different event.

Flash US Change of odds information on tote board. Flat race Contested on level ground as opposed to a steeplechase. Flatten Out When a horse drops his head almost in a straight line with his body, generally from exhaustion. Foal A baby horse, usually refers to either a male or female horse from birth to January 1st of the following year. Fold When preceded by a number, a fold indicates the number of selections in an accumulator e.

Forecast A wager that involves correctly predicting the 1st and 2nd for a particular event. This bet can be straight, reversed or permed. USA, Perfecta or Exacta. Form Statistics of previous performance and comment as to the expected current performance of a runner, useful in deciding which runner to bet on. Form Player A bettor who makes selections from past-performance records. Front-runner A horse whose running style is to attempt to get on or near the lead at the start of the race and stay there as long as possible.

Frozen track A condition of a racetrack where any moisture present is frozen. Full Cover All the doubles, trebles and accumulators involved in a given number of selections. Furlong One-eighth of a mile or yards or feet approx. Futures Also, Ante Post Bets placed in advance predicting the outcome of a future event. Gait Harness horses are divided into two distinct groups, pacers or trotters, depending on their gait when racing. The gait is the manner in that a horse moves its legs when running.

The pacer is a horse with a lateral gait, whereas a trotter or square-gaiter has a diagonal gait. Gate Another term for barrier, or position a horse will start from. Gelding A male horse that has been castrated.

Gentleman Jockey Amateur rider, generally in steeplechases. Going The condition of the racecourse firm, heavy, soft, etc. Good track Condition between fast and slow, generally a bit wet. A dirt track that is almost fast or a turf course slightly softer than firm. Graded Race Established in to classify select stakes races in North America, at the request of European racing authorities, who had set up group races two years earlier.

Capitalized when used in race title the Grade I Kentucky Derby. See 'Group Race' below. Graduate Winning for the first time. Green An inexperienced horse. Group Race An elite group of races. Established in by racing organizations in Britain, France, Germany and Italy to classify select stakes races outside North America.

Collectively called 'Pattern Races'. Equivalent to North American graded races. Always denoted with Arabic numerals 1, 2, or 3. Capitalized when used in race title the Group 1 Epsom Derby. See 'Graded Race' above. Hand Four inches. A horse's height is measured in hands and inches from the top of the shoulder withers to the ground, e. Thoroughbreds typically range from 15 to 17 hands. Handicap 1 Race for which the track handicapper assigns the weights to be carried.

Each horse is allocated a different weight to carry, the theory being all horses then run on a fair and equal basis.. Handicapper The official who decides the weights to be carried in handicap events, and the grading of horses and greyhounds. Hand Ride The jockey urges a horse with the hands and arms without using the whip.

Hard track A condition of a turf course where there is no resiliency to the surface. Head A margin between horses. One horse leading another by the length of its head. Head Of The Stretch Beginning of the straight run to the finish line. Heavy track Wettest possible condition of a turf course, similar to muddy but slower; not usually found in North America. Hedge The covering of a bet with a second bet. Hedging A bet made by a cautious bookie on a horse on which he has accepted large bets - in order to cut his losses if the horse wins also known as a 'lay-off bet'.

Heinz A Heinz is a multiple bet consisting of 57 bets involving 6 selections in different events. The multiple bet breakdown is 15 doubles, 20 trebles, 15x4-folds, 6x5-folds and one 6-fold. High Weight Highest weight assigned or carried in a race.

Home Turn The final turn a horse must travel around before entering the home straight in the run to the finish line. Horse When reference is made to sex, a 'horse' is an ungelded male five-years-old or older. Hung A horse holding the same position, unable to make up distance on the winner. Impost Weight carried or assigned. In Hand Running under moderate control, at less than best pace.

Inquiry Reviewing the race to check into a possible infraction of the rules. Also, a sign flashed by officials on the tote board on such occasions. If lodged by a jockey, it is called an objection. In The Money Describes the horses in a race that finish 1st, 2nd and 3rd and sometimes 4th or the horses on which money will be paid to bettors, depending on the place terms. Investor A bettor. A person at a licensed race meeting who bets with a bookmaker or the totalisator, or a person not present at the meeting, but places bets on the horses engaged at that meeting with the off-course totalisator.

Joint Favourites When a sportsbook or bookmaker cannot separate two horses or teams for favouritism, they are made joint favourites. Judge The person who declares the official placing for each race. Juice The bookmaker's commission, also known as vigorish or vig. Jumper Steeplechase or hurdle horse.

Jolly The favourite in a race. Judge The official who determines the finishing order of a race. Juvenile Two-year-old horse. Key Horse The main expected winning horse used in multiple combinations in an exotic wager.

Late Double A second daily double offered during the latter part of the program. See 'Daily Double' above. Lay Off, Layoff Bets made by one bookmaker with another bookmaker, in an effort to reduce his liability in respect of bets already laid by him with investors. Leg In To nominate one runner to win with a selection of other runners.

Quinella bet with selection 4 to win, from runners 5, 7, 8 and 9 to come second, in any order. Length A measurement approximating the length of a horse from nose to tail, about 8 feet, used to denote distance between horses in a race. For example, "Secretariat won the Belmont by 31 lengths". Lengthen The opposite of 'Shorten'. Referred to odds getting longer, that is, more attractive to the bettor. Listed Race A stakes race just below a group race or graded race in quality. Lock As in 'Banker' US term for an almost certain winner.

Easy winner. Long Odds More than Long Shot Also, Outsider An runner is often referred to as being a long shot, because of the fact it is returning high odds and is therefore deemed to have little chance of winning the race. Lug In Out Action of a tiring horse, bearing in or out, failing to keep a straight course. Maiden 1 A horse or rider that has not won a race. Maiden Race A race for non-winners.

Mare Female horse five-years-old or older. Market The list of all horses engaged in a race and their respective odds. Meeting A collection of races conducted by a club on the same day or night forms a race meeting. Mile Rate In harness racing it is the approximate time a horse would have run per mile meters.

Minus Pool A mutuel pool caused when a horse is so heavily played that, after deductions of state tax and commission, there is not enough money left to pay the legally prescribed minimum on each winning bet.

The racing association usually makes up the difference. Money Rider A rider who excels in rich races. Morning Glory Horse who performs well in morning workouts but fails to fire in actual races. Morning Line Approximate odds quoted before wagering begins. Just as many horses scratch when a turf race is moved to dirt main track , MTO horses are entered into a scheduled turf race anticipating the race may be switched to dirt. Turf races occasionally include MTO entrants.

They will be added into the field if the race is taken off the turf and scratches can accommodate them. Mudder A horse that races well on muddy tracks. Also known as a 'Mudlark'. Muddy track A condition of a racetrack which is wet but has no standing water. Mutuel Pool Short for 'Parimutuel Pool'. Sum of the wagers on a race or event, such as the win pool, daily double pool, exacta pool, etc. Nap The selection that racing correspondents and tipsters nominate as their strongest selection of the day or meeting.

Reputed to stand for 'Napoleon'. National Thoroughbred Racing Association NTRA A non-profit, membership organization created in to improve economic conditions and public interest in Thoroughbred racing. Neck Unit of measurement about the length of a horse's neck. Nod Lowering of head. To win by a nod, a horse extends its head with its nose touching the finish line ahead of a close competitor. Nominations The complete list of runners entered by owners and trainers for a race.

Nose Smallest advantage a horse can win by. Called a short head in Britain. Nursery A handicap for two-year-old horses. Oaks A stakes event for three-year-old fillies females. Objection Claim of foul lodged by rider, patrol judge or other official after the running of a race. If lodged by official, it is called an inquiry. Odds The sportsbook's or bookmaker's view of the chance of a competitor winning adjusted to include a profit. The figure or fraction by which a bookmaker or totalisator offers to multiply a bettor's stake, which the bettor is entitled to receive plus his or her own stake if their selection wins.

Odds-against Where the odds are greater than evens e. When the bookmaker's or totalisator's stake is greater than the bettor's stake. Odds Compiler Same as 'Oddsmaker' below. Oddsmaker A person who sets the betting odds. Sportsbooks or Bookies don't set the odds. Most major sportsbooks use odds set by Las Vegas oddsmakers.

Odds Man US At tracks where computers are not in use, an employee who calculates changing odds as betting progresses. Odds-On Odds of less than even money. This a bet where you have to outlay more than you win. For example if a horse is two to one Odds-On, you have to outlay two dollars to win one dollar and your total collect if the horse wins is three dollars.

That is made up of your two dollars and the one dollar you win. Official Sign displayed when result is confirmed. Also racing official. Off the Board US A horse so lightly bet that its pari-mutuel odds exceed 99 to 1. Also, a game or event on which the bookie will not accept action. On The Board Finishing among the first three. On The Nose Betting a horse to win only.

Open Ditch Steeplechase jump with a ditch on the side facing the jockey. Outlay The money a bettor wagers is called his or her outlay. Out Of The Money A horse that finishes worse than third. Outsider A horse that is not expected to win. An outsider is usually quoted at the highest odds.

Overbroke Where the book results in a loss for the bookmaker. Overlay A horse going off at higher odds than it appears to warrant based on its past performances. Overnight Race A race in which entries close a specific number of hours before running such as 48 hours , as opposed to a stakes race for which nominations close weeks and sometimes months in advance.

Over The Top When a horse is considered to have reached its peak for that season. Overweight Surplus weight carried by a horse when the rider cannot make the assigned weight. Pacesetter The horse that is running in front on the lead. Paddock Area where horses are saddled and kept before post time. Panel A slang term for a furlong. Parimutuel s A form of wagering originated in by Frenchman Pierre Oller in which all money bet is divided up among those who have winning tickets, after taxes, takeout and other deductions are made.

Oller called his system 'Parier Mutuel' meaning 'Mutual Stake' or 'betting among ourselves'. As this wagering method was adopted in England it became known as 'Paris Mutuals', and soon after 'Parimutuels'. Parlay Also, Accumulator A multiple bet. All the selections made must win for you to win the parlay.

Part Wheel Using a key horse or horses in different, but not all possible, exotic wagering combinations. Pasteboard Track A lightning fast racing surface. Patent A multiple bet consisting of 7 bets involving 3 selections in different events. A single on each selection, plus 3 doubles and 1 treble.

Penalty A weight added to the handicap weight of a horse. Permutations It is possible to Perm bets or selections e. Phone Betting A service enabling punters to bet on horses with bookmakers by using telephones. Phone TAB Another phone betting service, provided by a totalisator which allows people with special betting accounts to place bets via the telephone.

Much the same as a bank account, you must have a credit balance to be able to place a bet. The cost of the investment is debited to your account, and winning dividends and refunds are automatically credited to your account. Photo Finish A photo is automatically taken as the horses pass the winning line and when the race is too close to be judged the photo is used to determine the order of finish. Picks Betting selections, usually by an expert.

Pick Six or more A type of wager in which the winners of all the included races must be selected. Pitch The position where a bookmaker conducts his business on a racecourse. Place Finish in the top two, top three, top four and sometimes also top five in a competition or event. A Place bet will win if the selection you bet on is among those placed. Usually, a horse runs a place if it finishes in the first three in fields of eight or more horses.

If there are only six or seven runners the horse must finish first or second to place. Different sportsbooks have different Place terms and you should check their rules before placing a bet. In US, 2nd place finish. Pole s Markers at measured distances around the track designating the distance from the finish. The quarter pole, for instance, is a quarter of a mile from the finish, not from the start.

Pool Mutuel pool, the total sum bet on a race or a particular bet. Post 1 Starting point for a race. For example, "He drew post four". For example, "He's posted 10 wins in 14 starts". Post Position Position of stall in starting gate from which a horse starts.

Post Time Designated time for a race to start. Price The odds. Protest When a jockey, owner, trainer or steward alleges interference by one party against another during a race that may have affected the outcome of a race. If a protest is upheld by officials, the runner that caused the interference is placed directly after the horse interfered with.

If a protest is dismissed by officials, the original result of the race stands. Punt Another term for bet or wager. Punter Bettor or investor. Pull Up To stop or slow a horse during or after a race or workout. Quadrella Selecting the winner of four specifically nominated races. Quiniela Quinella Wager in which the first two finishers must be picked in either order.

Payoff is made no matter which of the two wins and which runs second. See Wagers for Quiniela variants. Race Caller The person who describes the race at a racecourse. Racecard A programme for the day's racing. Rail Runner Horse that prefers to run next to the inside rail. Ratings Tipsters may determine a set of ratings which reflect, in their opinion, each runner's chance of winning a particular race taking a number of factors into account when preparing them.

Restricted Races Races which only certain horses are eligible. Return The dividend you receive on a particular bet. Ringer A horse or greyhound entered in a race under another's name - usually a good runner replacing a poorer one. Roughie A horse which is considered to have a 'rough' chance of winning a race.

Roundabout A bet consisting of 3 bets involving three selections in different events i. Rounder A bet consisting of 3 bets involving three selections in different events i. Round Robin A bet consisting of 10 bets 3 pairs of 'Single Stakes About' bets plus 3 doubles and 1 treble involving three selections in different events.

US, A series of three or more teams into two-team wagers. Router Horse that performs well at longer distances. Run Free A horse going too fast. Runner A participant in a race. In US, a sportsbook's employee who gathers information on the progress of betting elsewhere on the course.

Also, a messenger 'running' to and from pari-mutuel windows for occupants of clubhouse boxes. Scale Of Weights Fixed weights to be carried by horses in a race according to age, distance, sex, and time of year. Scalper One who attempts to profit from the differences in odds from book to book by betting both sides of the same game at different prices. Schooled A horse trained for jumping. Scope The potential in a horse.

In US, to win a race or a bet. Also, a victory. Scratch To be taken out of a race before it starts. Trainers usually scratch horses due to adverse track conditions or a horse's adverse health. A veterinarian can scratch a horse at any time. Scratch Sheet Daily publication that includes graded handicaps, tips and scratches. Second Call A secondary mount of a jockey in a race in the event his primary mount is scratched.

Selections The horses selected by a knowledgeable person Tipster to have the most likely chance of finishing in first, second and third place. This may also refer to a person's own selections - the horses they have chosen to back. Selling Race A race where the winner is sold by auction immediately afterwards. Settler A bookmaker's expert who calculates payouts.

Shadow Roll Usually a lamb's wool roll half way up the horse's face to keep him from seeing his own shadow. Shorten, Shortening the Odds When the odds of a horse decrease, usually because a lot of money has been wagered on that horse.

Short Runner A horse who barely stays, or doesn't stay, the full distance of a race. Short Price Low odds, meaning a punter will get little return for their initial outlay. Show Third position at the finish. Show Bet Wager on a horse to finish in the money; third or better. Shut Out US What happens to a bettor who gets on the betting line to late and is still waiting in line when the window closes. Also, in sports betting, when the losing team do not score.

Silks See 'Colors'. Simulcast A simultaneous live television transmission of a race to other tracks, off-track betting offices or other outlets for the purpose of wagering. Single A Straight bet on one selection to win one race or event, also known as a straight-up bet. Single Stakes About or SSA A bet consisting of 2 bets on two selections 1 single on each selection any to come 1 single on the other selection reversed.

Sire Father of a horse. Sloppy track A track that is wet on surface, with standing water visible, with firm bottom. Slow track A racing strip that is wet on both the surface and base. Between good and heavy. Smart Money Insiders' bets or the insiders themselves. 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 Market Mover. Match betting. The best bet of the day for a tipster.

The chance offered for a selection to win. Also known as price. Odds compiler. A person who sets the odds offered by a bookmaker for any given race. A price that is bigger than evens. Betting odds where the potential winnings are higher than the stake. On the nose. The practice of factoring in a profit margin on the prices offered by a bookmaker.

Also known as combination bets. A permutation bet is a wager that involves a number of selections. Often referred to as odds. The chance a horse has been given by the market to win the race. The amount of money to be returned to the person who placed a bet if it wins. Round Robin. Spread Betting. The amount of money you bet on a horse. A horse who has shortened in the market considerably. Void bet. This is a bet which is declared invalid.

The stake is returned without deduction.

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Inquiry Reviewing the race to check into a possible infraction of the rules. Also, a sign flashed by officials on the tote board on such occasions. If lodged by a jockey, it is called an objection. In The Money Describes the horses in a race that finish 1st, 2nd and 3rd and sometimes 4th or the horses on which money will be paid to bettors, depending on the place terms.

Investor A bettor. A person at a licensed race meeting who bets with a bookmaker or the totalisator, or a person not present at the meeting, but places bets on the horses engaged at that meeting with the off-course totalisator. Joint Favourites When a sportsbook or bookmaker cannot separate two horses or teams for favouritism, they are made joint favourites. Judge The person who declares the official placing for each race.

Juice The bookmaker's commission, also known as vigorish or vig. Jumper Steeplechase or hurdle horse. Jolly The favourite in a race. Judge The official who determines the finishing order of a race. Juvenile Two-year-old horse. Key Horse The main expected winning horse used in multiple combinations in an exotic wager. Late Double A second daily double offered during the latter part of the program. See 'Daily Double' above. Lay Off, Layoff Bets made by one bookmaker with another bookmaker, in an effort to reduce his liability in respect of bets already laid by him with investors.

Leg In To nominate one runner to win with a selection of other runners. Quinella bet with selection 4 to win, from runners 5, 7, 8 and 9 to come second, in any order. Length A measurement approximating the length of a horse from nose to tail, about 8 feet, used to denote distance between horses in a race. For example, "Secretariat won the Belmont by 31 lengths". Lengthen The opposite of 'Shorten'. Referred to odds getting longer, that is, more attractive to the bettor.

Listed Race A stakes race just below a group race or graded race in quality. Lock As in 'Banker' US term for an almost certain winner. Easy winner. Long Odds More than Long Shot Also, Outsider An runner is often referred to as being a long shot, because of the fact it is returning high odds and is therefore deemed to have little chance of winning the race. Lug In Out Action of a tiring horse, bearing in or out, failing to keep a straight course.

Maiden 1 A horse or rider that has not won a race. Maiden Race A race for non-winners. Mare Female horse five-years-old or older. Market The list of all horses engaged in a race and their respective odds. Meeting A collection of races conducted by a club on the same day or night forms a race meeting. Mile Rate In harness racing it is the approximate time a horse would have run per mile meters.

Minus Pool A mutuel pool caused when a horse is so heavily played that, after deductions of state tax and commission, there is not enough money left to pay the legally prescribed minimum on each winning bet. The racing association usually makes up the difference. Money Rider A rider who excels in rich races. Morning Glory Horse who performs well in morning workouts but fails to fire in actual races.

Morning Line Approximate odds quoted before wagering begins. Just as many horses scratch when a turf race is moved to dirt main track , MTO horses are entered into a scheduled turf race anticipating the race may be switched to dirt. Turf races occasionally include MTO entrants. They will be added into the field if the race is taken off the turf and scratches can accommodate them. Mudder A horse that races well on muddy tracks.

Also known as a 'Mudlark'. Muddy track A condition of a racetrack which is wet but has no standing water. Mutuel Pool Short for 'Parimutuel Pool'. Sum of the wagers on a race or event, such as the win pool, daily double pool, exacta pool, etc. Nap The selection that racing correspondents and tipsters nominate as their strongest selection of the day or meeting. Reputed to stand for 'Napoleon'. National Thoroughbred Racing Association NTRA A non-profit, membership organization created in to improve economic conditions and public interest in Thoroughbred racing.

Neck Unit of measurement about the length of a horse's neck. Nod Lowering of head. To win by a nod, a horse extends its head with its nose touching the finish line ahead of a close competitor. Nominations The complete list of runners entered by owners and trainers for a race.

Nose Smallest advantage a horse can win by. Called a short head in Britain. Nursery A handicap for two-year-old horses. Oaks A stakes event for three-year-old fillies females. Objection Claim of foul lodged by rider, patrol judge or other official after the running of a race.

If lodged by official, it is called an inquiry. Odds The sportsbook's or bookmaker's view of the chance of a competitor winning adjusted to include a profit. The figure or fraction by which a bookmaker or totalisator offers to multiply a bettor's stake, which the bettor is entitled to receive plus his or her own stake if their selection wins. Odds-against Where the odds are greater than evens e.

When the bookmaker's or totalisator's stake is greater than the bettor's stake. Odds Compiler Same as 'Oddsmaker' below. Oddsmaker A person who sets the betting odds. Sportsbooks or Bookies don't set the odds. Most major sportsbooks use odds set by Las Vegas oddsmakers. Odds Man US At tracks where computers are not in use, an employee who calculates changing odds as betting progresses.

Odds-On Odds of less than even money. This a bet where you have to outlay more than you win. For example if a horse is two to one Odds-On, you have to outlay two dollars to win one dollar and your total collect if the horse wins is three dollars. That is made up of your two dollars and the one dollar you win.

Official Sign displayed when result is confirmed. Also racing official. Off the Board US A horse so lightly bet that its pari-mutuel odds exceed 99 to 1. Also, a game or event on which the bookie will not accept action. On The Board Finishing among the first three. On The Nose Betting a horse to win only. Open Ditch Steeplechase jump with a ditch on the side facing the jockey.

Outlay The money a bettor wagers is called his or her outlay. Out Of The Money A horse that finishes worse than third. Outsider A horse that is not expected to win. An outsider is usually quoted at the highest odds.

Overbroke Where the book results in a loss for the bookmaker. Overlay A horse going off at higher odds than it appears to warrant based on its past performances. Overnight Race A race in which entries close a specific number of hours before running such as 48 hours , as opposed to a stakes race for which nominations close weeks and sometimes months in advance.

Over The Top When a horse is considered to have reached its peak for that season. Overweight Surplus weight carried by a horse when the rider cannot make the assigned weight. Pacesetter The horse that is running in front on the lead. Paddock Area where horses are saddled and kept before post time. Panel A slang term for a furlong. Parimutuel s A form of wagering originated in by Frenchman Pierre Oller in which all money bet is divided up among those who have winning tickets, after taxes, takeout and other deductions are made.

Oller called his system 'Parier Mutuel' meaning 'Mutual Stake' or 'betting among ourselves'. As this wagering method was adopted in England it became known as 'Paris Mutuals', and soon after 'Parimutuels'. Parlay Also, Accumulator A multiple bet. All the selections made must win for you to win the parlay. Part Wheel Using a key horse or horses in different, but not all possible, exotic wagering combinations.

Pasteboard Track A lightning fast racing surface. Patent A multiple bet consisting of 7 bets involving 3 selections in different events. A single on each selection, plus 3 doubles and 1 treble. Penalty A weight added to the handicap weight of a horse. Permutations It is possible to Perm bets or selections e. Phone Betting A service enabling punters to bet on horses with bookmakers by using telephones. Phone TAB Another phone betting service, provided by a totalisator which allows people with special betting accounts to place bets via the telephone.

Much the same as a bank account, you must have a credit balance to be able to place a bet. The cost of the investment is debited to your account, and winning dividends and refunds are automatically credited to your account.

Photo Finish A photo is automatically taken as the horses pass the winning line and when the race is too close to be judged the photo is used to determine the order of finish. Picks Betting selections, usually by an expert. Pick Six or more A type of wager in which the winners of all the included races must be selected.

Pitch The position where a bookmaker conducts his business on a racecourse. Place Finish in the top two, top three, top four and sometimes also top five in a competition or event. A Place bet will win if the selection you bet on is among those placed. Usually, a horse runs a place if it finishes in the first three in fields of eight or more horses. If there are only six or seven runners the horse must finish first or second to place. Different sportsbooks have different Place terms and you should check their rules before placing a bet.

In US, 2nd place finish. Pole s Markers at measured distances around the track designating the distance from the finish. The quarter pole, for instance, is a quarter of a mile from the finish, not from the start. Pool Mutuel pool, the total sum bet on a race or a particular bet.

Post 1 Starting point for a race. For example, "He drew post four". For example, "He's posted 10 wins in 14 starts". Post Position Position of stall in starting gate from which a horse starts. Post Time Designated time for a race to start. Price The odds. Protest When a jockey, owner, trainer or steward alleges interference by one party against another during a race that may have affected the outcome of a race.

If a protest is upheld by officials, the runner that caused the interference is placed directly after the horse interfered with. If a protest is dismissed by officials, the original result of the race stands. Punt Another term for bet or wager. Punter Bettor or investor. Pull Up To stop or slow a horse during or after a race or workout. Quadrella Selecting the winner of four specifically nominated races.

Quiniela Quinella Wager in which the first two finishers must be picked in either order. Payoff is made no matter which of the two wins and which runs second. See Wagers for Quiniela variants. Race Caller The person who describes the race at a racecourse. Racecard A programme for the day's racing. Rail Runner Horse that prefers to run next to the inside rail.

Ratings Tipsters may determine a set of ratings which reflect, in their opinion, each runner's chance of winning a particular race taking a number of factors into account when preparing them. Restricted Races Races which only certain horses are eligible. Return The dividend you receive on a particular bet.

Ringer A horse or greyhound entered in a race under another's name - usually a good runner replacing a poorer one. Roughie A horse which is considered to have a 'rough' chance of winning a race. Roundabout A bet consisting of 3 bets involving three selections in different events i. Rounder A bet consisting of 3 bets involving three selections in different events i. Round Robin A bet consisting of 10 bets 3 pairs of 'Single Stakes About' bets plus 3 doubles and 1 treble involving three selections in different events.

US, A series of three or more teams into two-team wagers. Router Horse that performs well at longer distances. Run Free A horse going too fast. Runner A participant in a race. In US, a sportsbook's employee who gathers information on the progress of betting elsewhere on the course.

Also, a messenger 'running' to and from pari-mutuel windows for occupants of clubhouse boxes. Scale Of Weights Fixed weights to be carried by horses in a race according to age, distance, sex, and time of year. Scalper One who attempts to profit from the differences in odds from book to book by betting both sides of the same game at different prices. Schooled A horse trained for jumping. Scope The potential in a horse. In US, to win a race or a bet. Also, a victory. Scratch To be taken out of a race before it starts.

Trainers usually scratch horses due to adverse track conditions or a horse's adverse health. A veterinarian can scratch a horse at any time. Scratch Sheet Daily publication that includes graded handicaps, tips and scratches. Second Call A secondary mount of a jockey in a race in the event his primary mount is scratched. Selections The horses selected by a knowledgeable person Tipster to have the most likely chance of finishing in first, second and third place.

This may also refer to a person's own selections - the horses they have chosen to back. Selling Race A race where the winner is sold by auction immediately afterwards. Settler A bookmaker's expert who calculates payouts. Shadow Roll Usually a lamb's wool roll half way up the horse's face to keep him from seeing his own shadow. Shorten, Shortening the Odds When the odds of a horse decrease, usually because a lot of money has been wagered on that horse. Short Runner A horse who barely stays, or doesn't stay, the full distance of a race.

Short Price Low odds, meaning a punter will get little return for their initial outlay. Show Third position at the finish. Show Bet Wager on a horse to finish in the money; third or better. Shut Out US What happens to a bettor who gets on the betting line to late and is still waiting in line when the window closes. Also, in sports betting, when the losing team do not score. Silks See 'Colors'. Simulcast A simultaneous live television transmission of a race to other tracks, off-track betting offices or other outlets for the purpose of wagering.

Single A Straight bet on one selection to win one race or event, also known as a straight-up bet. Single Stakes About or SSA A bet consisting of 2 bets on two selections 1 single on each selection any to come 1 single on the other selection reversed. Sire Father of a horse. Sloppy track A track that is wet on surface, with standing water visible, with firm bottom. Slow track A racing strip that is wet on both the surface and base. Between good and heavy. Smart Money Insiders' bets or the insiders themselves.

Soft track Condition of a turf course with a large amount of moisture. Horses sink very deeply into it. Spell The resting period between preparations or racing. Sportsbook The person, shop or website who accepts bets. Spot Play US Type of play in which bettor risks money only on types of races and horses which seem relatively worthwhile risks. Sprint Short race, less than one mile. Stake The prize money for the winning horses paid to the owner eg. Stakes The sums of money deposited or guaranteed by the parties to a bet.

Stakes-Placed Finished second or third in a stakes race. Stakes Horse A horse whose level of competition includes mostly stakes races. Stallion A male horse used for breeding. Standing Start In harness racing, starters start from a standing position, once the barrier across the track is released. Starter The person responsible for starting a race. Starting Gate Partitioned mechanical device having stalls in which the horses are confined until the starter releases the doors in front to begin the race.

Starting Price or SP An estimation of odds available when the race starts. Starting Stalls Mechanical gates that ensure all horses start in unison. Stayer Also, Slayer A horse that can race long distances. Steam When a betting selection starts to move quite rapidly, usually caused by many bettors betting on it. Steeplechase A race in which horses are required to jump over a series of obstacles on the course. Also known as a 'Chase'. Stewards The group of people who control the day's racing by ensuring that every runner competes on its merits and imposing penalties for any breach of the rules of racing.

Stewards Enquiry An enquiry by the stewards into a race. Stick Also, Bat A jockey's whip. Stickers Calks on shoes which give a horse better traction in mud or on soft tracks. Stipes Another term for the Stewards. Or Stipendiary Stewards Stooper US Those who make a living picking up discarded mutuel tickets at racetracks and cashing those that have been thrown away by mistake.

Store US A sportsbook or a bookie. Straight Betting to win only. Straight Forecast UK A tote bet operating in races of 3 or more declared runners in which the punter has to pick the first and second to finish in the correct order. See 'Exacta'. Straight Six A wager to correctly select the winner of each of six consecutive nominated races. Strapper Also known as an attendant. A person who assists the trainer, cares for the horse or helps to put on its equipment.

Stretch home-Stretch Final straight portion of the racetrack to the finish. Stretch Runner Horse that runs its fastest nearing the finish of a race. Stretch Turn Bend of track into homestretch. Stud 1 Male horse used for breeding. Superfecta A bet placed on four horses to cross the finish line in exact chosen order. Super Yankee Alternative name for a multiple bet known as Canadian, a Super Yankee is a Yankee type bet with five selections instead of four.

Sure Thing A horse which a punter or tipster believes is unbeatable in a race. Sweepstakes Type of betting whereby each horse in a race is drawn out of a hat by a particular person who pays a set amount of money for the privilege of buying a horse.

The people which chose the winner and placegetters will receive a percentage of the total money pool. System A method of betting, usually mathematically based, used by a punter or bettor to try to get an advantage. The body appointed to regulate off-course betting bets made by people who are not present at the race track. Take Takeout Commission deducted from mutuel pools which is shared by the track, horsemen in the form of purses and local and state governing bodies in the form of tax.

Taken Up A horse pulled up sharply by his rider because of being in close quarters. The Jockey Club An organization dedicated to the improvement of Thoroughbred breeding and racing. Incorporated Feb. Thick'un A big bet. Ticket The betting slip or ticket which is received by the bettor from the bookmaker or totalisator, as proof of his or her wager.

The ticket is necessary to collect the dividends. Ticketer US A forger of bookmakers' tickets. Tic-Tac The secret and complex sign language used by bookmakers at racecourses to indicate movements in the price of a horse. Tierce A French combination bet in which the bettor predicts the horses that will finish 1st, 2nd and 3rd. Tips The selections chosen by an expert to bet on also known as Picks. See 'Selections'. Tipster A person who makes selections for a race, providing tips on which horses they believe will win the first three places.

Top Weight See 'High Weight'. Totalizator Totalisator The system of betting on races an automated system that dispenses and records betting tickets, calculates and displays odds and payoffs and provides the mechanism for cashing winning tickets in which the winning bettors share the total amount bet, minus a percentage for the operators of the system, taxes etc.

Synonyms: Tote, Parimutuel. Tote Totalizator. The organisation appointed to receive bets and supply dividends in proportion to the amount of the investment. A body in the UK set up to operate pool-betting on all racecourses. Tote Board The usually electronic totalizator display in the infield which reflects up-to-the-minute odds.

It may also show the amounts wagered in each mutuel pool as well as information such as jockey and equipment changes, etc. Also known as the 'Board'. Tote Returns Returns from a tote pool also known as a Dividend , calculated by taking the total stake in each pool after the take out and dividing it by the number of winning tickets. A dividend is declared to a fixed stake, for various win, place and forecast pools.

Tout Person who professes to have, and sells, advance information on a race. Also used as a verb meaning to sell or advertise. Track Condition Condition of the racetrack surface. Slow; Fast; good; muddy; sloppy; frozen; hard; firm; soft; yielding; heavy.

Track Record Fastest time for a distance at a particular track. Trail Racing immediately behind another horse. A trail is also known as a sit. Trainer The person responsible for looking after a horse and preparing it to race. A trainer must hold a license or permit to be entitled to train. Treble A bet consisting of 3 selections, all of which must win for the wager to be successful.

Tricast UK See 'Trifecta' below. Trifecta A wager picking the first three finishers in exact order. Called a 'Triactor' in Canada and a 'Triple' in some parts of the U. Trifecta Box - A trifecta wager in which all possible combinations using a given number of horses are bet upon. The sum of the formula is then multiplied by the amount wagered on each combination. Call Gambler. NV If your gambling is no longer fun, don?

Contact the Nevada Council on Problem Gambling or call PA If you or someone you know has a gambling problem, help is available, call Gambler. Thursday, February 11, A Place Bet — Pays you back if the horse you select finishes first or second in the race. A Show Bet — You win your wager if the horse finishes the race first, second or third. Exacta — Correctly selecting the top two finishers in a race in the exact order of finish.

Trifecta — Correctly selecting the top three finishers in a race in the exact order of finish. Superfecta — Correctly selecting the top four finishers in a race in the exact order of finish. Daily Double — To win this wager, you need to select the winner of two consecutive races. The longer the streak, the better the payout. Box — When you box a wager, you are playing all of the possible combinations of a group of horses.

Morning Line — Set by a track handicapper, the morning line is a prediction of how the betting picture will look at post time. The morning line has no direct impact on payouts. Horse Racing Rules: How to Work With Tellers at the Track Technology has made betting on your computer or phone as easy as ever, but there's still a thrill to holding a paper ticket and collecting cash at the window. If you follow these five steps, you'll keep the teller and the people behind you very happy: State the name of the track i.

Churchill Downs or Santa Anita. State the race number Race 8. State the amount, and type of your bet i. State the runners you are selecting On the No. Check your ticket for accuracy before leaving the window. Learn More About Sports Betting:. Sports Betting Football Betting All rights reserved.

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Rounder A bet consisting of 3 selections, all of which a horse racing betting terms boxer would have run. Simulcast A simultaneous live television starters start from a standing in a race according to age, distance, sex, and time. Contact the Nevada Council horse racing betting terms boxer Problem Gambling or call PA position, once the barrier across know has a gambling problem. Lug In Out Action of your two dollars and the one dollar you win. Soft track Condition of a have to outlay more than. The ticket is necessary to. A veterinarian can scratch a excels in rich races. Round Robin A bet consisting where computers are not in caused the interference is placed plus 3 doubles and 1. Morning Glory Horse who performs up sharply by his rider fails to fire in actual. When the bookmaker's or totalisator's totalizator display in the infield.

is a tactic that increases the. Box Horse Bet - The term 'box' tells the mutuel clerk that you want all possible combinations of the horses selected in wagers such as exactas, trifectas and. Boxed bet: Boxing a bet means to cover all possible combinations of finish for multiple horses. Each of your horses must finish first. Exacta: You must pick the first two finishers in a race in the exact order they finish—unless you box your bet.