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Bet Glossary

Here is a glossary useful to understand the meaning of certain terms used in sports betting or that you find in the various bets in bookmakers

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Glossary

From A to Z

Acceptance stages
The dates on which owners and trainers must decide whether or not to run their horses in a particular race.

Across the card
Betting on races at the same time at different meetings.

Board prices
The prices relayed from the racecourse during pre-race betting. These may be taken by customers and, if so, they are the price at which the bets are settled, regardless of the final returned starting price.

Co-favourite
When there are 3 or more selections at the same shortest price in an event.

Computer straight forecast (CSF)
Dividend declared to a £1 unit and paid to customers who successfully forecast 1st and 2nd in the correct order in a horse/greyhound race.

Early prices
Prices offered on selected races that day in advance of racecourse betting.

Evens
A price in which the winnings are equal to the original stake money.

Full cover
The total number of doubles, trebles and accumulators in a given number of selections.

Handicap
A race in which competitors do not start on equal terms, e.g. horses carry extra weights, dogs have extra yards/metres to run.

If lose
A condition to the placing of a bet in which subsequent wagers depend on whether or not a previous selection loses.

Accumulator
A bet involving two or more selections. The returns from the first selection are invested on the second selection, the returns from which are invested on the third selection, and so on until the bet finishes.

All weather track
The surface of the track is designed to reduce the impact of the bad weather conditions, thereby reducing the likelihood of racing being unable to take place.

Ante-post betting
Ante-post prices are the prices offered on all major events before the day of the event. Bets are normally taken on the understanding that if the selection does not take part in the event (e.g. the horse does not run) the wager is lost.

Each-way
A term for a selection backed to win or be placed.

Favourite
The most backed entrant, i.e. the one with the shortest price.First show
The first list of prices for an event.

Forecast
A bet where you must predict the 1st and 2nd in a horse or greyhound race in the correct order.

Joint favourites
When 2 selections are at the same shortest price in an event.

Odds against
A betting price where the odds are greater than evens, i.e. the winnings are larger than the stake.

Odds on
A betting price where the odds are lesser than evens i.e. the winnings are smaller than the stake.

Pari-mutuel
Pari-mutuel is the French totalisator. English bookmakers frequently pay Pari-mutuel returns on major French events.

Permutations/perm
A term used most frequently in football betting meaning "any", e.g. "perm three from five" means trebles in five selections.

Returns
The amount the customer collects including the original stake. Sometimes customers mistakenly refer to returns as winnings.

Show
A list of prices on an event publicised by SIS or a similar source.

Stake
The amount of money a customer wishes to wager on a particular selection.

Stake unit
The minimum stake needed for a particular speciality bet.

Starting prices/SP
The odds at which a wager is settled unless an alternative price is previously agreed.

Tote
An alternative-betting medium to starting price, which operates on a pool basis.

Winnings
The extra amount the customer collects not including his original stake money.

Withdrawn
The decision to remove a horse from a race before it starts either before or after coming under starters orders.

Odds against
A betting price where the odds are greater than evens, i.e. the winnings are larger than the stake.

Odds on
A betting price where the odds are lesser than evens i.e. the winnings are smaller than the stake.

Circled game
A game that we restrict the betting on, usually because of injuries or bad weather.

Coupled
One or more selections that have been grouped together for the purposes of betting.

Cover
When a favourite wins by more that the required number of points.

Double action
An "if bet" that is processed if the precedent bet wins, ties or cancels.

Double header
Two separate games played by the same teams on the same day.

Even money
A bet the odds of which are 1/1; a wager in which no vigorish or juice is laid.

Exotic wager
A bet posted for customer accommodation such as first half; second half, futures, run lines or money line wagers.

Favorite
The entry expected to win the event. The quoted odds reflect the extent to which the choice is favoured.

Home team
The team playing in it's own town.

Juice
The profit margin.

Line
The current odds or point spread on a particular event.

Lines
Another word for odds.

Money line
The odds (line) for a team to win a match outright, with the tie not included.

No action
A bet in which no money is lost or won. See push.

Off the board
A game on which the bookmaker will not accept action.

Over
A sports bet in which the bettor guesses that the combined point total of two teams will be above a specified total.

Overtime
Extension to a tied contest at the end of regulation play that last until a winner is determined or maximum overtime periods expire.

Parlay
Bet depending on more than one condition coming true.

Pick
This describes the condition when no team or option is the favorite (can be Pick'em).

Postponed
A contest cancelled for any reason and rescheduled at a later date.

Price
The odds or pointspread. See money line.

Push
A game tied when the spread or total is taken into consideration.

Rained out
A game cancelled because of the weather.

Single action
An 'if bet' that is processed only if the precedent bet wins.

Spread
The head start that one team gives another (handicap).

Tie
A bet in which no money is lost or won because the team's scores were equal to the number of points in the given line.

Total
The specified total goals or points that a client can bet over or under.

Under
A sports bet in which the bettor guesses that the total points scored by both teams will be under a certain figure.

Underdog
The team perceived to be the most likely to lose. Also known as the 'dog'.

Vigorish
The bookmaker's commission on a losing bet; also known as 'juice'.

10 cent line
In money line contests, a ten-cent difference in the money lines between the favourite and the underdog.

20 cent line
In the money line contests, a twenty-cent difference in the money lines between the favourite and the underdog.

Action
Any wager, the total amount bet, either from the bettor's point of view or that of the house. In baseball, placing a bet no matter who pitches.

Buy
A customer pays an additional price to receive half a point or more in his favour on a point spread game.

Dog
The team perceived to be the most likely to lose. See underdog.

 

Good Luck with your bet !