The enclosed area where horses are saddled before a race.
Also known as pool or tote betting, a type of betting in which all stakes for a particular market are pooled and then distributed among bet winners.
The US term for accumulator.
A Patent bet is a full cover combination bet featuring seven sub-bets placed on three selections from the betting markets.
The total amount that a punter is paid for a winning bet, including the stake originally placed and the winnings.
1. A disadvantage or handicap imposed on a competitor or team for violation of a rule. 2. In horse racing, a standard additional amount of weight to be carried by a horse if it has won one or more races between being entered in a handicap race and running in the race. A typical penalty weight is 6 lb.
Perm (or permutation) betting is splitting the stake for a bet among multiple combined bets to cover different possible outcomes and so maximise the likelihood of a return.
A Tote bet you win by picking the winners of six consecutive races.
A selection of bets chosen by a tipster or expert.
1. In horse racing, to finish in a notable position. In a race with eight or more runners, a horse places if it comes first, second or third. In a race with 16 or more runners, a horse also places if it comes fourth. Bookmakers may pay out additional places when offering place specials. 2. In other sports, to finish within a specified number of positions from the tournament winner. In this case the place is defined exclusively by the bookmaker and not by the governing body of the sport in question.
A place bet is a bet that a selection will finish amongst the top contestants in a sports event. It is a bet on a selection performing well in an event, but not necessarily winning that event.
Special offers on place bets. For example, a standard place bet in horse racing may win if a horse finishes first, second or third in a race. In this case, a bookmaker may offer also to pay out bets on the horse if it finishes in fourth place.
A requirement that you place additional bets before winnings on a free bet or a bonus amount is paid to you. For example, bookmakers may have playthrough requirements stating that winnings on free bets will be paid out only after you've placed a certain number or value of additional bets.
The predicted difference in score between two teams or competitors in an event. Also see spread.
Bookmaker slang for £25.
Also known as parimutuel or tote betting, a type of betting in which all stakes for a particular market are pooled and then distributed among bet winners.
Before a race, the procession of the horses in front of the grandstand.
The number of a horse's stall in the starting gate.
The time when a race is scheduled to start.
A table containing information about the form of each horse entered in a race, compiled by The Racing Post and available on its web site.
In the context of betting, another term for odds.
The key, or most significant, race in a series of races held at a particular course.
Probability is the statistical likelihood of a specific event or outcome occurring.
Problem gambling is any gambling behaviour that causes harm to the person gambling, and/or to this person's friends or family members.
Someone who places a bet.
The prize money for a horse race.