Betting terminology and the many different types of bets can appear daunting to a newcomer, and anyone looking to place their first ever sports betmay find it all a little confusing.
- Best Terminology For Pelvic Exam Changes
- Best Terminology For A Resume
- Horse Racing Bet Terminology
- Bit Terminology
- Bat Terminology
Like all gambling culture, sports betting has a deep lexicon of slang and special vocabulary. For beginners, listening to hard-core gamblers using sports betting lingo can be like hearing a completely different language. If you're new to the betting on sports and find the terminology a. 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 horse finishes the race first, second or third. Across the Board – You are placing a Win, a Place, and a Show bet on a horse.
So to get you prepared, we have compiled a list of some of the key terms and types of bets to help get you clued up in next to no time.
BETTING TERMINOLOGY
Accumulator (ACCA)
An accumulator is most commonly described as a combination of four or more single bets that combine to offer longer odds, with the possibility of bigger winnings. However, if one of those bets doesn't win, then you will not be paid out.
Look at how to place an accumulator in our bloghere, and you can also look at how much a potential bet could win using our bet calculator.
Ante post
A bet that is placed well in advance of the event taking place. In placing an ante post bet, you can often get bigger odds, therefore boosting your potential winnings.
Asian Handicap
It's a popular bet in sports such as football and tennis where superior sides face inferior opponents and an Asian Handicap provides a balance to uneven match-ups.
Back
To back is to place a bet on your selection to win.
Banker
A selection which is usually a heavy favourite for an event. Often bankers are used in accumulator bets in order to boost value where the risk of that selection losing is considered minimal.
Bar
Bar is a betting term used when contestants in any kind of race, tournament or contest that are not quoted individually in betting shows, simply because they are lower down in the market.
Best Odds Guaranteed (BOG)
How to start online gambling site. A concession used by bookmakers whereby if you bet on a selection at an early price, but the SP is bigger, you will get paid out at the SP.
For example if you bet on a horse at 8/1 on the morning of a race, but it wins at a starting price of 10/1, with BOG, your bet swill be settled at 10/1.
Grosvenor Sport offer BOG on all UK and Irish horse racing, and you can find out more about it here.
Bookmaker
A bookmaker is the organisation/company which offer you the opportunity to place a bet.
Cash Out
Cash out allows you to get money back on your bet before the event has finished. The amount you get back is determined at the time of you cashing out and depends on the likelihood of your bet winning.
This is often popular in football accumulators, when for example, four of your five selections have won, and you are set to make a profit, and you decide to cash out ahead of the final game taking place. Your winnings are then paid out, irrespective of that final result.
Dead heat
Where two or more selections tie in an event.
Decimal Odds
A format in which your odds can be displayed. Decimal odds include both your stake and winnings. For more on betting odds, click here.
Dutching
Dutching is a betting strategy that involves the backing of multiple selections in the same event. The stake is split and placed in such a way so that whichever selection wins, an equal profit is made. If none of the selections win, all stakes are lost.
Each-way bet
A single selection which is comprised of two bets – a ‘win' bet and a ‘place' bet. An each-way bet is often placed on a selection at larger odds, so a good profit can be made even if the selection doesn't win the event.
Evens bet
Odds of 1 to 1, where you would effectively double your winnings if the selection comes out on top. E.g a £10 bet on odds of 1/1 would return £10, plus your original stake.
Fixed odds betting
Securing a bet at fixed odds means your potential returns are guaranteed and will not change, regardless of any market fluctuations following you bet being placed.
Fractional odds betting
A common format of UK betting, fractional odds give you your profit, excluding your stake.
For example: £10 at 4/1 = £40 (your profit), plus your stake back (£10) = £50 (your total return).
Handicap betting
Handicap betting involves giving one selection a virtual deficit (handicap) to overcome at the start of an event. Conversely, choosing another selection in the same market will usually involve that selection effectively receiving a virtual start. If you chosen selections score is greater than its opponents after the handicap has been applied, your chosen selection is deemed the winner.
In-play betting
On most events, live betting can take place after the event has started.
Long odds
Odds offered on a selection which is deemed unlikely to win e.g 100/1.
Nap
A selection which is deemed to the strongest selection of the day from a particular tipster/correspondent for whatever sport you are placing a bet on.
Non Runner No Bet
If your Antepost horse racing selection doesn't take part in the event it is scheduled to, you will get your stake back if there is a NRNB concession on the race.
Odds
First us lottery. Another name for the price, and reflect the bookmaker's thoughts on the possibility of that selection winning.
Odds on
A betting price where the odds are less than Evens, meaning the selection is expected to win.
Outright bet
These bets are placed on the outcome of a whole competition e.g Premier League winner, Champions League winner, winner of Wimbledon tennis tournament.
Outsider
Best Terminology For Pelvic Exam Changes
Similar to long odds, this is the opposite of the favourite and is the selection that is least expected to win the competition/event.
Placed
A selection that finishes within the place terms for a particular event. As well as the winner, this may include the second, third, and fourth, or more depending on the sport/event.
Returns
The total amount you will receive for winning a bet.
Stake
How much money you have placed on a particular selection.
Starting Price (SP)
The final price of the selection before the event gets underway. With an online bookmaker you can opt to take the price on offer at the time in which you bet, or take your chances by backing the starting price – something which is uncertain at the time of the bet.
Tic Tac
A term used for bookmakers who are trying to express odds with their hands, often used at horse racing meetings to inform other bookmakers of the prices of horses in crowded areas.
TYPES OF BETS
There a number of types of bet that can be placed, anything from singles to Yankees to Lucky 15.
Best Terminology For A Resume
Here is a guide through some of the more popular types.
Basic – Singles, Doubles, Treble, Accumulator
These are fairly straightforward ones with singles relying on just one selection with doubles (two selections) and trebles (three selections). Accumulators are most commonly described as a bet with more than three selections, where you need all selections to come in for the bet to be successful.
Trixie
Dead heat
Where two or more selections tie in an event.
Decimal Odds
A format in which your odds can be displayed. Decimal odds include both your stake and winnings. For more on betting odds, click here.
Dutching
Dutching is a betting strategy that involves the backing of multiple selections in the same event. The stake is split and placed in such a way so that whichever selection wins, an equal profit is made. If none of the selections win, all stakes are lost.
Each-way bet
A single selection which is comprised of two bets – a ‘win' bet and a ‘place' bet. An each-way bet is often placed on a selection at larger odds, so a good profit can be made even if the selection doesn't win the event.
Evens bet
Odds of 1 to 1, where you would effectively double your winnings if the selection comes out on top. E.g a £10 bet on odds of 1/1 would return £10, plus your original stake.
Fixed odds betting
Securing a bet at fixed odds means your potential returns are guaranteed and will not change, regardless of any market fluctuations following you bet being placed.
Fractional odds betting
A common format of UK betting, fractional odds give you your profit, excluding your stake.
For example: £10 at 4/1 = £40 (your profit), plus your stake back (£10) = £50 (your total return).
Handicap betting
Handicap betting involves giving one selection a virtual deficit (handicap) to overcome at the start of an event. Conversely, choosing another selection in the same market will usually involve that selection effectively receiving a virtual start. If you chosen selections score is greater than its opponents after the handicap has been applied, your chosen selection is deemed the winner.
In-play betting
On most events, live betting can take place after the event has started.
Long odds
Odds offered on a selection which is deemed unlikely to win e.g 100/1.
Nap
A selection which is deemed to the strongest selection of the day from a particular tipster/correspondent for whatever sport you are placing a bet on.
Non Runner No Bet
If your Antepost horse racing selection doesn't take part in the event it is scheduled to, you will get your stake back if there is a NRNB concession on the race.
Odds
First us lottery. Another name for the price, and reflect the bookmaker's thoughts on the possibility of that selection winning.
Odds on
A betting price where the odds are less than Evens, meaning the selection is expected to win.
Outright bet
These bets are placed on the outcome of a whole competition e.g Premier League winner, Champions League winner, winner of Wimbledon tennis tournament.
Outsider
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Similar to long odds, this is the opposite of the favourite and is the selection that is least expected to win the competition/event.
Placed
A selection that finishes within the place terms for a particular event. As well as the winner, this may include the second, third, and fourth, or more depending on the sport/event.
Returns
The total amount you will receive for winning a bet.
Stake
How much money you have placed on a particular selection.
Starting Price (SP)
The final price of the selection before the event gets underway. With an online bookmaker you can opt to take the price on offer at the time in which you bet, or take your chances by backing the starting price – something which is uncertain at the time of the bet.
Tic Tac
A term used for bookmakers who are trying to express odds with their hands, often used at horse racing meetings to inform other bookmakers of the prices of horses in crowded areas.
TYPES OF BETS
There a number of types of bet that can be placed, anything from singles to Yankees to Lucky 15.
Best Terminology For A Resume
Here is a guide through some of the more popular types.
Basic – Singles, Doubles, Treble, Accumulator
These are fairly straightforward ones with singles relying on just one selection with doubles (two selections) and trebles (three selections). Accumulators are most commonly described as a bet with more than three selections, where you need all selections to come in for the bet to be successful.
Trixie
This consists of three selections in different events and are combined to produce four bets derived from a treble and three doubles.
Yankee
A Yankee consists of four selections which are combined to produce 11 bets derived from 1 x four-fold accumulator, 4 x trebles and 6 x doubles.
Canadian
A Canadian consists of five selections which are combined to produce 26 bets derived from 1 x five-fold accumulator, 5 x four-folds, 10 x trebles and 10 x doubles. Alternatively known as a Super Yankee.
Patent
This bet consists of three selections, and are combined to form 7 bets from 1 x treble, 3 x doubles and 3 x single bets.
Lucky 15
This is where four selections are made, producing 15 bets deriving from 1 x four-fold accumulator, 4 x trebles, 6 x doubles and 4 x single bets.
Lucky 31
Horse Racing Bet Terminology
Another to consist of five selections, but this time is combined to produce 31 bets derived from 1 x five-fold accumulator, 5 x four-folds, 10 x trebles, 10 x doubles and 5 x single bets.
Bit Terminology
Lucky 63
Based on six selections and combined to produce 63 bets, drived from 1 x six-fold accumulator, 6 x five-folds, 15 x four-folds, 20 x trebles, 15 x doubles and 6 x single bets.
Sports betting is more popular than ever in the UK, and a leading trend is the accumulator – multiple bets on multiple events which can bring wins for little outlays.
Work out how much you can potential win using these type of bets with our bet calculator.
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Betting Terms and Jargon Buster
Bat Terminology
The betting world can be a confusing place, especially with all the betting terms flying around. This handy jargon-buster guide can help you better understand some of the common betting terms, so you can join in with the punting-talk next time you're at the races.
| Betting Term | Description |
| Accumulator | A bet involving more than one selection with the winnings from each selection going on to the next selection. All selections must be successful to get a return. |
| Ante-post | A bet on a race well in advance of the day of the race. |
| Back | A bet on a horse to win (or each-way). The opposite of lay, and the more traditional bet type. |
| Banker | A supposedly certain bet. |
| Bar | The lowest odds of horses not mentioned in the betting forecast '20-1 bar' means those not quoted are 20-1 or bigger. |
| Best Odds Guaranteed | A special offer whereby your bookmaker agrees to settle your bet at the starting price (SP) if it is greater than the early price you took when placing a bet |
| Betting exchange | A betting website whereby you are betting against other people, rather than against the bookmaker. |
| Canadian | A canadian consists of 26 bets involving 5 selections in different events. The bet includes 10 doubles, 10 trebles, 5 four-folds plus an accumulator. A minimum of two must win to guarantee a return |
| 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. |
| Dividend | The amount that a winning bet or placed horse returns for every £1 bet. Term often associated with Tote pools. |
| Drifter | 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. |
| Dutch | Backing two or more horses in a race, increasing your chances of finding a winner but essentially at shorter odds. |
| Each way | A bet where half the total stake is for the selection to win and half is for the selection to be placed. The bet will be settled differently depending on whether the horse wins or places. |
| Edge | A punters advantage in a bet. |
| Evens | A price of 1-1. Your stake brings equal winnings: e.g. £10 staked at evens wins £10 (total return £20). |
| Favourite | The shortest priced horse in the race, the market leader. |
| Fold | A fold represents the number of selections in an accumulator, a four-fold consists of 1 bet with 4 legs that all must win for a return. |
| Forecast | A bet where the aim is to predict both the winner and runner-up in a race. A straight forecast is the winner and runner-up in the correct order. |
| Goliath | A bet consisting of 247 bets involving 8 selections. The bet includes 28 doubles, 56 trebles, 70 four-folds, 56 five-folds, 28 six-folds, 8 seven-folds and an accumulator. A minimum of 2 of your selections must be successful to get a return. |
| Hedging | This involves placing a bet on opposing outcome to the punters original selected outcome in order to guarantee winnings of cut losses. |
| Heinz | 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. |
| In the frame | Another term for a horse who has finished in the places. |
| In-running | 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. |
| Jolly | A different term for the favourite in the market. |
| Lay | A bet on a horse not to win (or not to place). The opposite of backing a horse. |
| Longshot | A horse who appears to be unfancied in the market (20-1 shot etc). |
| Lucky 15 | 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. |
| Market Mover | A selection that changes in price significantly either way, by increasing in odds (drifting) or decreasing in odds (steaming). |
| Match betting | 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. By covering multiple outcomes say by backing Team X to win and when/if they go up, by laying Team X to win, returns are guaranteed whatever the result. |
| Monkey | Slang for £500. |
| Multiple | 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 31. |
| Nap | The best bet of the day for a tipster. |
| Odds | 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. |
| Odds-against | A price that is bigger than evens. Betting odds where the potential winnings are higher than the stake. |
| Odds-on | A price that is shorter than evens. Betting odds where the stake is higher than the potential winnings if the bet is successful. |
| On the nose | Turn of phrase used to describe a narrow winning margin, often photo-finish winner. May or may not have actually won by a nose. |
| Overround | The practice of factoring in a profit margin on the prices offered by a bookmaker. |
| Patent | 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. |
| Permutations | Also known as combination bets. A permutation bet is a wager that involves a number of selections. |
| Place | 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. |
| Pony | A slang term for £25. |
| Price | Often referred to as odds. The chance a horse has been given by the market to win the race. |
| Return | The amount of money to be returned to the person who placed a bet if it wins. |
| Round Robin | 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. |
| Rule 4 | 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.g. morning prices) laid before a withdrawal (other than ante-post bets, which are unaffected by Rule 4 (c) and to starting-price bets where, after a late withdrawal, there is insufficient time to re-form the market. The rate of deductions is in proportion to the odds of the non-runner(s) at the time of the withdrawal. |
| Score | A slang term for £20. |
| SP | 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. |
| Spread Betting | 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. |
| Stake | The amount of money you bet on a horse. |
| Steamer | A horse who has shortened in the market considerably. |
| Ton | Slang term for £100. |
| Tote | 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 |
| Trixie | 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. |
| Void bet | This is a bet which is declared invalid. The stake is returned without deduction. |
| Yankee | A bet consisting of 11 bets involving 4 selections in different events. The bet includes 4 doubles, 4 trebles and an accumulator. A minimum of 2 of your selections must be successful to get a return. |
