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Wiki horse betting terms

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J Joint Favourite — When two selections share the favourites shortest priced position, they are referred to with this term. K Kelly Criterion — A special math formula that can determine the best stake to bet in a given betting situation. L Lay — To lay a bet in a sports betting exchange is the opposite of Back. You bet against the prediction of another player. Leg — A selection in a combination bet. Line — All odds open for betting for a specific sports event.

Live — It can refer to odds, sports bets or casino and mean you can watch them live. Lock — A sure win. Lucky 15 — A system with 15 legs and 4 selections in total. M Maximum stake — The max bet you can place on a given betting site.

Some professional bookmakers target high rollers so they have no max-stake requirement in place. If the number is positive, it shows how much you will win for every unit you have staked. If the number is negative, it shows how much you need to stake to win a unit. Martingale — Another math-based system saying that if you double your stake every time you lose, eventually you will come out winning. Matchbet — A type of bet combining a double of which team is going to win and both teams to score.

Multi bet — Another name for combi or combination bet that has more than two legs. Moneyline — You bet that one team will win the match. Monkey — A term used by the best bookmakers and referring to a bet of EUR. N Nap — A slang meaning the best wager for the day. O Outsider — Another term for underdog or the opposite of favourite. This is the team, player or animal with least chances of winning. Ormond — Yet another system based on mathematics very similar to Martingale but instead of just doubling your stake when losing, you also add a fixed sum to it.

P Parley — A multi bet or an Acca bet with at least two legs. Patent — A system with 7 legs and 3 selections. Pleaser — A parlay that combines handicap bets. Point spread — An equalizer that allows bookmakers to spread the points for a game allowing teams to have equal chance of winning. Progressive jackpot — A jackpot that rises with every bet placed on it.

Punter — A slang term for a bettor or a gambler. Q Qualifying bet — When bookmakers promote bonus code offers they usually set a qualifying bet that will unlock the reward. R Round Robin — A type of parlay bet with only two selections. S Scalping — A betting exchange strategy where you first back a bet and then wait for the odds to change to lay the bet for a sure win. Scout — A punter who shops around for odds in search of value bets.

Selection — Another name for the legs in an accumulator bet. Single bet — A bet with only one selection. Spread — Also known as point spread, this is another term for handicap. Special bets — Wagers on special events in the politics, show business and so on. Stake — The amount you wager on a bet. Stop loss — A bet that puts an end to a losing streak of bets.

System — A bet with three or more selections that might grant you a win even when one selection loses. T Teaser — A type of parley on the goals scored in a match. Tic-tac — A sing language used by bookies on racing events. Tip — A prediction for the outcome of the game.

Tipster — A person making predictions or tips. Tricast — A term used in horse racing and it means a bet for the first, second and third horse to cross the finish line. U Underdog — Or an outsider is the team or player with most unfavorable odds. V Value bet — A bet with higher probability to win than reflected by the price of the market. W Wager — Just another word for bet or punt.

Wire-to-Wire — A bet that the team will lead at all quarters of the game. Y Yankee — A system bet of 11 legs and 4 selections. Z Zero Risk — A risk-free bet with no risk, usually as part of a bonus. If it wins, you'll be paid on all three bets. If it finishes second, you're paid on two bets—second and third. You can't collect on the first-place bet because he didn't cross the wire first.

If the horse finishes third, you're paid once for that third place finish. So it's a great bet if the horse wins because you effectively collect three times, and if it comes in third, at least you haven't lost all your money. You get a little something back on your investment. In the money: A horse finishes in the money if it comes in first, second or third. On the nose: You're betting the horse to win only. Place: A horse is said to place when it finishes second.

You can make a place bet it you think it probably won't win but that it won't be too far behind the first-place horse. You'll win if you're right. You'll even collect the horse's second-place winnings if it comes in first, but not if it finishes third. Show: A horse that comes in third is said to show. A show bet works much the same as a place bet—you'll collect the horse's third-place winnings if it comes in first, second or third.

A winning horse will pay the most on bets that it will finish first. It will pay a little less for place bets and even less for show bets, but it can effectively pay out in three ways—thus the allure of across-the-board bets. Exotic Wagers As the name suggests, "exotic" wagers are fancier and more complicated. They involve more than one horse. This means they're harder to win, but they also pay more than straight bets.

Here are a few examples of exotic bets. Boxed bet: Boxing a bet means to cover all possible combinations of finish for multiple horses. In other words, you think those two horses will finish first and second, but you're not sure in what order. Daily double: You're betting on two separate horses in consecutive races in a daily double, usually the first and second races of the day.

Each of your horses must finish first. Exacta : You must pick the first two finishers in a race in the exact order they finish—unless you box your bet. An exacta is called an "exactor" in Canada, short for "exact order. You would bet on the first place finishers of three consecutive races instead of two.

But Pick 6's offer significant winnings and sometimes, at the discretion of the track, they might offer consolidation payouts. Extended periods of time can go by without anyone winning a Pick 6, so some racetracks will "carry over" the unclaimed winnings , moving the money forward to the next race or sometimes the next day so the pot grows and grows until someone strikes it big. Quinella: A quinella is a variation of boxing your bet.

The two horses you pick must win and place, but the order in which they finish doesn't matter. This is a single bet, unlike a boxed exacta which is technically two bets.

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How to Bet on Horses - Horse Racing Betting Explained

Drift: When a horse’s odds are on the drift (increase), implying weakness in the betting. Each-way: Refers to a bet that involves half your stake on the win and half on the place. Even Missing: wiki. Feb 27,  · This horse racing betting guide is here to help you with any queries you might have when starting out. By reading it, you’ll hopefully avoid making any rookie mistakes when . Oct 06,  · By human powered type of bets is Odds express it. An opinion rights organization (2. Oppression poor nutritional needs alone. This is one of many day trips you can achieving .