Horse Racing Betting Terms

Abandoned
A race meeting which has been cancelled because a club did not receive sufficient nominations to be able to stage it, or because of bad weather which made racing on the track unsafe. All bets placed on abandoned races are fully refunded.
Acceptor
A runner officially listed to start in a race.
Accumulator
(Also, Parlay) 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 accumulator.
Across The Board
(See 'Place') A bet on a horse to win, place or show. Three wagers combined in one. If the horse wins, the player wins all three wagers, if second, two, and if third, one.
Age
All thoroughbreds count January 1 as their birth date.
Ajax
UK slang term for 'Betting Tax'.
All-age Race
A race for two-year-olds and up.
All Out
A horse who is trying to the best of his ability.
Allowances
Reductions in weights to be carried allowed because of certain conditions such as; an apprentice jockey is on a horse, a female horse racing against males, or three-year-olds racing against older horses.
All Weather Racing
Racing that takes place on an artificial surface.
Also Ran
Any selection not finishing 1st, 2nd, 3rd or 4th in a race or event.
Ante Post
(Also, Futures) Bets placed in advance predicting the outcome of a future event. Ante-post prices are those on major sporting events, usually prior to the day of the event itself. In return for the chance of better odds, punters risk the fact that stakes are not returned if their selection pulls out or is cancelled.
Apprentice
A trainee jockey. An apprentice will usually ride only flat races.
Approximates
The approximate price a horse is quoted at before a race begins. Bookmakers use these approximates as a guide to set their boards.
Arbitrage
Where a variation in odds available allows a punter to back both sides and guarantee a win.
ART
Artificial Turf.
ATS
Against The Spread.
AWT
All weather track.
Baby Race
A race for two-year-olds.
Back
To bet or wager.
Backed
A 'backed' horse is one on which lots of bets have been placed.
Backed-In
A horse which is backed-in means that bettors have outlaid a lot of money on that horse, with the result being a decrease in the odds offered.
Back Marker
In a standing start event, which is handicapped, the horse who is given the biggest handicap is known as the backmarker.
Backstretch
The straight way on the far side of the track.
Back Straight
The straight length of the track farthest away from the spectators and the winning post.
Backward
A horse that is either too young or not fully fit.
Banker
(Also, Key) Highly expected to win. The strongest in a multiple selection in a parlay or accumulator. In permutation bets the banker is a selection that must win to guarantee any returns.
Bar Price
Refers to the odds of those runners in a race not quoted with a price during early betting shows. The bar price is the minimum odds for any of those selections not quoted.
Barrier
(Also, Tape) A starting device used in steeple chasing consisting of an elastic band stretched across the racetrack which retracts when released.
Barrier Draw
The ballot held by the race club to decide which starting stall each runner will occupy.
Bat
(Also, Stick) A jockey's whip.
Beard
(US) - A friend or acquaintance or other contact who is used to placing bets so that the bookmakers will not know the identity of the actual bettor. Many top handicappers and persons occupying sensitive positions use this method of wagering.
Bearing In
(Out) - Failing to maintain a straight course, veering to the left or right. Can be caused by injury, fatigue, outside distraction, or poor riding.
Beeswax
UK slang term for betting tax. Also known as 'Bees' or 'Ajax'.
Bell Lap
In harness racing, the last lap of a race, signified by the ringing of the bell.
Bet
A transaction in which monies are deposited or guaranteed.
Betting Board
A board used by the bookmaker to display the odds of the horses engaged in a race.
Betting Ring
The main area at a racecourse where the bookmakers operate.
Betting Tax
Tax on a Bookmaker's turnover. In the UK this is a 'Duty' levied on every Pound wagered. Common methods of recouping this by the punter are to deduct tax from returns (winnings) or to pay tax with the stake/wager. In the latter case, no tax is deducted from the punter's winnings.
Bettor
(US) - Someone who places or has a bet. A 'Punter' in the UK.
Beyer Number
A handicapping tool, popularized by author Andrew Beyer, assigning a numerical value to each race run by a horse based on final time and track condition. This enables different horses running at different racetracks to be objectively compared.
Bismarck
A favourite which the bookmakers do not expect to win.
Blanket Finish
When the horses finish so close to the winning line you could theoretically put a single blanket across them.
Blind Bet
A bet made by a racetrack bookmaker on another horse to divert other bookmakers' attention away from his sizeable betting on his/her main horse thus to avoid a shortening of the odds on the main horse.
Blinkers
A cup-shaped device applied over the sides of the horse's head near his eyes to limit his vision. This helps to prevent him from swerving away from distracting objects or other horses on either side of him. Blinker cups come in a variety of sizes and shapes to allow as little or as much vision as the trainer feels is appropriate.
Board
Short for 'Tote Board' on which odds, betting pools and other race information are displayed.
Bomb
(er) - A winning horse sent off at very high odds.
Book
A bookmaker's tally of amounts bet on each competitor, and odds necessary to assure him of profit.
Bookie
(U.K.) Short for bookmaker. The person or shop who accepts bets.
Bookmaker
Person who is licensed to accept bets on the result of an event based on their provision of odds to the customer. (Sportsbook US).
Bottle
UK slang, odds of 2 to 1.
Box
A wagering term denoting a combination bet whereby all possible numeric combinations are covered.
Boxed
(in) - To be trapped between other horses.
Bobble
A bad step away from the starting gate, sometimes caused by the ground breaking away from under a horse and causing him to duck his head or go to his knees.
Bolt
Sudden veering from a straight course.
Book
A collection of all the bets taken on fixed odds betting events.
Bookmaker
(Bookie) - A person registered and licensed to bet with the public.
Breakage
Those pennies that are left over in pari-mutuel payoffs which are rounded out to a nickel or dime.
Breeders' Cup
Thoroughbred racing's year-end championship. Known as Breeders' Cup Day, it consists of eight races conducted on one day at a different racetrack each year with purses and awards totalling $13 million. First run in 1984.
Bridge-Jumper
(US) - Bettor who specializes in large show bets on odd-on favourites.
Buck
(US) - A bet of US$ 100 (also known as a 'dollar bet').
Bug Boy
An apprentice rider.
Bull Ring
Small racetrack less than one mile around.
Burkington Bertie
100/30.
Buy Price
In Spread or Index betting, the higher figure quoted by an Index bookmaker.
Buy the Rack
(US) - Purchase every possible daily-double or other combination ticket.
Canadian
Also known as a Super Yankee. A Canadian is a combination bet consisting of 26 bets with 5 selections in different events. The combination bet is made up of 10 doubles, 10 trebles, five 4-folds and one 5-fold.
Card
Another term for fixture or race meeting.
Carpet
UK slang for Odds of 3 to 1 (also known as 'Tres' or 'Gimmel').
Caulk
Projection on the bottom of a shoe to give the horse better traction, especially on a wet track.
Century
GBP£ 100 (also known as a 'Ton').
Chalk
Wagering favorite in a race. Dates from the days when on-track bookmakers would write current odds on a chalkboard.
Chalk Player
Bettor who wagers on favorites.
Chase
See 'Steeplechase'.
Checked
A horse pulled up by his jockey for an instant because he is cut off or in tight quarters.
Chute
Extension of the backstretch or homestretch to allow a longer straight run.
Client
(US) - Purchaser of betting information from horseman or other tipster.
Close
(US) - Final odds on a horse (e.g. 'closed at 5 to 1'). Confusingly equates to 'Starting Price' in the UK.
Closer
A horse that runs best in the latter part of the race (closing race), coming from off the pace.
Co-Favorites
Where three or more competitors share the status as favorite.
Colors
(Colours) - Racing silks, the jacket and cap worn by jockeys. Silks can be generic and provided by the track or specific to one owner.
Colt
An ungelded (entire) male horse four-years-old or younger.
Combination Bet
Selecting any number of teams/horses to finish first and second in either order.
Conditional Jockey
Same as 'Apprentice' but also allowed to jump.
Correct Weight
Horses are allocated a weight to carry that is checked before and, for at least the placegetters, after a race. Correct weight must be signaled before bets can be paid out.
Daily Double
Type of wager calling for the selection of winners of two consecutive races, usually the first and second. See 'Late Double'.
Daily Racing Form
A daily newspaper containing racing information including news, past performance data and handicapping.
Daily Triple
A wager where the bettor must select the winner of three consecutive races.
Dead Heat
A tie. Two or more horses finishing equal in a race.
Dead Track
Racing surface lacking resiliency.
Declaration Of Weights
The publication of weights allocated to each horse nominated for a race by the handicapper.
Declared
In the United States, a horse withdrawn from a stakes race in advance of scratch time. In Europe, a horse confirmed to start in a race.
Deductions
When a horse is scratched from a race after betting on that race has already started, deductions are taken out of the win and place bets at a rate in proportion to the odds of the scratched horse.
Derby
A stakes event for three-year-olds.
Dime
(US) - A bet of USD$ 1,000 (also known as a 'dime bet').
Distanced
Well beaten, finishing a long distance behind the winner.
Dividend
The amount that a winning or placed horse returns for every $1 bet by the bettor.
Dog
(US) - The underdog in any betting proposition.
Dog Player
(US) - A bettor who mainly wagers on the underdog.
Double
Selecting the winners in two specific races.
Double Carpet
UK slang for Odds of 33 to 1, based on 'Carpet'.
Draw
Refers to a horse's placing in the starting stalls. For flat racing only. Stall numbers are drawn at random.
Drift
(Also, Ease) Odds that 'Lengthen', are said to have drifted, or be 'On The Drift'.
Driving
Strong urging by rider.
Dual Forecast
A tote bet operating in races of 3 or more declared runners in which the punter has to pick the first two to finish in either order.
Terms

Action: Having a wager on a game.

Betting on a horse to finish in the first three spots, which pays out the same whether they win or run second or third. Stewards The officials watching every race at a meet to enforce the rules. Other Horse Racing Betting Terminology to Know A Win Bet – Exactly what it sounds like: A bet to select the winner of the race. 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.

ATS ('against the [point] spread'): If a team is 5-2 ATS, it means it has a 5-2 record against the point spread, or more commonly referred to simply as the 'spread.'

Backdoor cover: When a team scores points at the end of a game to cover the spread unexpectedly.

Bad beat: Losing a bet you should have won. It's especially used when the betting result is decided late in the game to change the side that covers the spread. Also used in poker, such as when a player way ahead in the expected win percentage loses on the river (last card).

Beard: Someone who places a wager for another person (aka 'runner').

Book: Short for sportsbook or bookmaker; person or establishment that takes bets from customers.

Bookie: A person who accepts bets illegally and charges vig.

Buying points: Some bookies or sportsbooks will allow customers to alter the set line and then adjust odds. For example, a bettor might decide he wants to have his team as a 3-point underdog instead of the set line of 2.5. He has then 'bought' half a point, and the odds of his bet will be changed.

Chalk: The favorite in the game. People said to be 'chalk' bettors typically bet the favorite.

Circle game: A game for which the betting limits are lowered, usually because of injuries and/or weather.

Closing line: The final line before the game or event begins.

Consensus pick:Buffalo gold slots 2019. Derived from data accumulated from a variety of sportsbooks in PickCenter. The pick, and its percentage, provides insight as to what side the public is taking in a game.

Cover: The betting result on a point-spread wager. For a favorite to cover, it has to win by more than the spread; an underdog covers by winning outright or losing by less than the spread.

Dime: Jargon for a $1,000 bet. If you bet 'three dimes,' that means a $3,000 wager.

Horse racing betting terms defined

'Dog: Short for underdog.

Dollar: Jargon for a $100 bet. Usually used with bookies; if you bet 'five dollars,' that means a $500 wager.

Edge: An advantage. Sports bettors might feel they have an edge on a book if they think its lines aren't accurate.

Even money: Odds that are considered 50-50. You put up $1 to win $1.

Exotic: Any wager other than a straight bet or parlay; can also be called a 'prop' or 'proposition wager.'

Favorite: The expected straight-up winner in a game or event. Depending on the sport, the favorite will lay either odds or points. For example, in a football game, if a team is a 2.5-point favorite, it will have to win by three points or more to be an ATS winner.

Fixed: A participant in a particular game who alters the result of that game or match to a completely or partially predetermined result. The participant did not play honestly or fairly because of an undue outside influence.

Futures bet: A long-term wager that typically relates to a team's season-long success. Common futures bets include betting a team to win a championship at the outset of a season, or betting whether the team will win or lose more games than a set line at the start of the season.

Halftime bet: A bet made after the first half ended and before the second half begins (football and basketball primarily). The oddsmaker generally starts with half of the game side/total and adjusts based on what happened in the first half.

Handicapper: A person trying to predict the winners of an event.

Handle: The amount of money taken by a book on an event or the total amount of money wagered.

Hedging: Betting the opposing side of your original bet, to either ensure some profit or minimize potential loss. This is typically done with futures bets, but can also be done on individual games with halftime bets or in-game wagering.

High roller: A high-stakes gambler.

Hook: A half-point. If a team is a 7.5-point favorite, it is said to be 'laying seven and a hook.'

In-game wagering: A service offered by books in which bettors can place multiple bets in real time, as the game is occurring.

Juice: The commission the bookie or bookmaker takes. Standard is 10 percent. Also called the 'vig/vigorish.'

Layoff: Money bet by a sportsbook with another sportsbook or bookmaker to reduce that book's liability.

Limit: The maximum bet taken by a book. If a book has a $10,000 limit, it'll take that bet but the book will then decide whether it's going to adjust the line before the bettor can bet again.

Lock: A guaranteed win in the eyes of the person who made the wager.

Middle: When a line moves, a bettor can try to 'middle' a wager and win both sides with minimal risk. Suppose a bettor bets one team as a 2.5-point favorite, then the line moves to 3.5 points. She can then bet the opposite team at 3.5 and hope the favorite wins by three points. She would then win both sides of the bet.

Money line (noun), money-line (modifier): A bet in which your team only needs to win. The point spread is replaced by odds.

Mush: A bettor or gambler who is considered to be bad luck.

Horse Race Betting Terms Explained

Nickel: Jargon for a $500 bet. Usually used with bookies; if you bet 'a nickel,' that means a $500 wager.

Oddsmaker (also linemaker): The person who sets the odds. Some people use it synonymous with 'bookmaker' and often the same person will perform the role at a given book, but it can be separate if the oddsmaker is just setting the lines for the people who will eventually book the bets.

Off the board: When a book or bookie has taken a bet down and is no longer accepting action or wagers on the game. This can happen if there is a late injury or some uncertainty regarding who will be participating.

Over/under: A term that can be used to describe the total combined points in a game (the Ravens-Steelers over/under is 40 points) or the number of games a team will win in a season (the Broncos' over/under win total is 11.5). Also used in prop bets.

Parlay: A wager in which multiple teams are bet, either against the spread or on the money line. For the wager to win (or pay out), all of them must cover/win. The more teams you bet, the greater the odds.

Pick 'em: A game with no favorite or underdog. The point spread is zero, and the winner of the game is also the spread winner.

Horse Racing Betting Terms Key

Point spread (or just 'spread'): The number of points by which the supposed better team is favored over the underdog.

Proposition (or prop) bet: A special or exotic wager that's not normally on the betting board, such as which team will score first or how many yards a player will gain. Sometimes called a 'game within a game.' These are especially popular on major events, with the Super Bowl being the ultimate prop betting event.

Push: When a result lands on the betting number and all wagers are refunded. For example, a 3-point favorite wins by exactly three points. Return on investment (ROI): In PickCenter, ROI is the amount (according to numberFire) that a bettor should expect to get back on a spread pick.

Runner: Someone who makes bets for another person (aka 'beard').

Sharp: A professional, sophisticated sports bettor.

Spread: Short for point spread.

Square: A casual gambler. Someone who typically isn't using sophisticated reasoning to make a wager.

Steam: When a line is moving unusually fast. It can be a result of a group or syndicate of bettors all getting their bets in at the same time. It can also occur when a respected handicapper gives a bet his followers all jump on, or based on people reacting to news such as an injury or weather conditions.

Straight up: The expected outright winner of the money line in an event or game, not contingent on the point spread.

Teaser: Betting multiple teams and adjusting the point spread in all the games in the bettor's favor. All games have to be picked correctly to win the wager.

Total: The perceived expected point, run or goal total in a game. For example, in a football game, if the total is 41 points, bettors can bet 'over' or 'under' on that perceived total.

Tout (service): a person (or group of people) who either sells or gives away picks on games or events.

Horse Racing Betting Terms Trifecta

Underdog: The team that is expected to lose straight up. You can either bet that the team will lose by less than the predicted amount (ATS), or get better than even-money odds that it will win the game outright. For example, if a team is a 2-1 underdog, you can bet $100 that the team will win. If it wins, you win $200 plus receive your original $100 wager back.

Horse Racing Betting Terms

Vig/vigorish: The commission the bookie or bookmaker takes; also called the 'juice.' Standard is 10 percent.

Wager: A bet.

Welch: To not pay off a losing bet.

Horse Racing Betting Terms Explained Online

Wiseguy: A professional bettor. Another term for a 'sharp.'