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This involves placing a bet on opposing outcome to the punters original selected outcome in order to guarantee winnings of cut losses. A bet consisting of 57 bets involving 6 selections in different events. The bet includes 15 doubles, 20 trebles, 15 four-folds, 6 five-folds and an accumulator.
A minimum of two of your selections must be successful to get a return. A bet consisting of 15 bets involving 4 selections in different events. The bet includes 4 singles, 6 doubles, 4 trebles, and 1 fourfold. Only one selection must win for a guaranteed return. A selection that changes in price significantly either way, by increasing in odds drifting or decreasing in odds steaming.
A technique employed by many by using fixed odds on the exchange market. The technique covers multiple outcomes either through in-play betting or by finding differences in bookmaker odds. A bet that consists of multiple horses.
This is a broad term that could refer to a simple accumulator or more complex bets like a Lucky A price that is shorter than evens. Betting odds where the stake is higher than the potential winnings if the bet is successful. Turn of phrase used to describe a narrow winning margin, often photo-finish winner. May or may not have actually won by a nose. A bet consisting of 7 bets involving 3 selections. Including a single on each selection, plus 3 doubles and 1 treble.
Just one successful selection guarantees a return. Backing a horse to finish in the places. The number of places depend on the number of runners, with two places available for a five to seven runner race, three places for eight to 15 runners, and four places for handicaps with 16 runners or more.
Extra place terms are often offered by bookmakers. A series of three or more selections in 2-fold accumulators. A round robin means 3 selections in different races, in 3 doubles, 1 treble and 6 single stakes about bets. One of the most commonly invoked betting rules, dealing with deductions from winning bets in the event of any withdrawn runner s from a race.
The rule applies to winning bets struck at prices e. The rate of deductions is in proportion to the odds of the non-runner s at the time of the withdrawal. Starting Price. The starting prices are the final odds prevailing at the time the race starts and are used to determine the payout to winning punters, unless a punter took a specified price at the time of placing the bet. Similar to the handicap betting system. If you back a team to cover the spread, so a team will lose bu no more than 5 points, or win by more than 6 points.
A type of bet frequently placed at a racecourse. You can back horses to win or place, and a dividend is paid out afterwards to winning bets as the bets all go into a pool. The tote also runs other bets such as the placepot and jackpots. A bet consisting of 4 bets involving 3 selections. The bet includes 3 doubles and a treble. A minimum of two selections must be successful to get a return.
A bet consisting of 11 bets involving 4 selections in different events. The bet includes 4 doubles, 4 trebles and an accumulator. Guide to Betting. Betting Term. A bet involving more than one selection with the winnings from each selection going on to the next selection. A bet on a race well in advance of the day of the race. A bet on a horse to win or each-way.
The opposite of lay, and the more traditional bet type. A supposedly certain bet. Best Odds Guaranteed. Betting exchange. A betting website whereby you are betting against other people, rather than against the bookmaker. Cash out. Taking a payout offered by your bookmaker before the completion of a bet. Co favourite. A horse who leads the market with one or more horses. Term often associated with Tote pools. A horse who finds its price getting bigger prior to the race beginning.
Duel forecast. For example, if you are looking at a tennis match and the result betting which has only two possible outcomes, two different bookies may price the players in such a way that if you stake set amounts on both of them, you will win a profit no matter what happens. This is a form of betting which is very popular in Asia. In many sports you will see the word Banker used.
Also referred to as in play betting or live betting, this is the practise of betting on a sporting event once it has started. Now we come onto the first of our terms that relate to the amount of a stake in question.
In horse racing there are five classic races for three year olds across the season. As the name suggests, a dead heat refers to a tie. Decimal odds may be shown as 2. For example, if an outcome is priced at 4. In a single bet, there are two parts to the bet — a win and a place.
So, if the horse, football team, tennis player etc win the event then you are paid twice but if they come second, third or possibly fourth, the place part of the bet is the only section that will pay out. Also referred to as Even Money, this is a price used in fractional odds. In any sporting event you have a favourite or possibly two or more joint favourites.
These refer to the horse, football team, tennis player etc etc who has the shortest odds in the market and is therefore expected to win. In horse racing and greyhound racing, a straight forecast bet predicts the first and second placed runners in the correct order. Alternatively, punters can stake a reverse forecast where they can finish in any order to land a return.
In horse racing the going refers to the condition of the ground on which the horse is running. Depending on weather conditions the going could be soft, hard, good or somewhere between those parameters. A Goliath comprises bets in total using eight selections and it is separated into 28 doubles, 56 trebles, 70 x 4-folds, 56 x 5-folds, 28 x 6-folds, 8 x 7-folds and an 8-fold. On to another monetary term here and this means a thousand — usually in GBP — but more recently it has also been used for Euros.
Heinz is another combination bet using six selections. This is made up of 15 doubles, 20 trebles, 15 x 4-folds, 6 x 5-folds and a 6-fold. Also referred to as betting in running as described above. An in running bet is placed once the event in question has started.
As we know, a jackpot can apply to any number of betting options and is commonly seen at casinos. In horse racing however it is quite specific and refers to the total prize money made available by the Tote on the first six races on a UK racecourse. To win it outright or to win a share, you must correctly land all six winners.
When two or more options for any sporting event are listed at the same price and they have the shortest odds within the field, they are referred to as the joint favourites. Usually this is referred to as an outsider: A horse, a team or an individual with a very high price in the market who is not therefore expected to win their event. If you are using a combination — otherwise known as a formula, these are the most common options. Unlike straight line accas which are explained above, not all selections need to win before you get a return.
Obviously you can get a big profit if all of the bets land but it only takes a single to come in for the bettor to get some money back. In each instance, the name tells you how many bets are involved so for a Lucky 15 there are 15 bets, and then 31 and They can be split as follows:. Mostly used in horse racing, a maiden is a horse that has yet to win an event although like a number of terms, this can occasionally cross into other sports.
This is a similar term to banker although it suggests that there is a greater degree of certainty here. Once again, this is similar to both nailed on and banker. A nap, however, generally comes from series of selections given by a tipster and among those, a nap is considered to be their strongest bet from that list. This is another term that has carried over from horse racing into a wider sporting parlance. A non runner would typically be a horse that was originally declared but subsequently failed to run in a race.
At a very basic level, odds mean the same things as price — the price that the bookmaker places on a potential outcome in a sporting event. This is a common term meaning to win. A patent bet is a combination of three selections with seven total bets. Here you have 3 singles, 3 doubles and 1 treble. This usually equates to a second, third or fourth placed finish but can extend further for bigger events. Similar to the jackpot, the place pot is issued by the Tote for the first six races on a UK course and punters get a win if they get those first six place bets correct.
A term for a person who places a bet. Originating from the UK, this has spread across the world and is a common phrase in Australia. A return is the amount that you receive back after a winning bet. In horse racing, the run-in is the distance from the home turn in flat racing, or the last fence for National Hunt, to the winning post.
A scorecast is a popular form of football bet where you stake on the goal scorer and their team to win by a certain score. So, a bet on Harry Kane to score first and Spurs to win is a relevant scorecast.
The term smart money relates to betting on a likely winner. Spread betting is a very volatile form of staking which calculates wins or losses, dependent on the final margins. At the same time, if he were to score very low, there could be big losses involved so spread betting should be approached with caution. Again this is predominantly a horse racing term but it can be carried across in a loose sense to other sports.
The starting price or SP is traditionally the final price with which a horse starts a race. It is calculated by taking the average price offered by all bookmakers standing on the course. A system could refer to a formula bet such as a Lucky 15 or Lucky More commonly, it relates to a method that a bettor would use that they feel is guaranteed to make a profit. Naturally there are no such things as definite guarantees but systems can be worth studying.
In this case, backers of the horse in question are entitled to their stakes back, subject to charges as specified by the relevant bookie. The Tote is the UK body that sets up and regulates pool betting on all British racecourses. Tote prices are based on the amount of money that has been paid into that relevant pool ahead of the race in question. With a tricast, you are betting on three selections to finish first, second and third in that specific order.
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