Racing betting terminology

The bettor wins if the horse finishes first or second. The bettor wins if the horse finishes first, second or third. If the bettor's horse finishes first, the bettor wins win, place and show money. If the bettor's horse finishes second, the bettor wins place and show money. If the bettor's horse finishes third, the bettor wins show money. The bettor wins only if the horses finish first and second in the exact order. Exacta box Pick the top two finishers in a race in any order. The bettor wins if the horses finish first and second in any order.

The bettor can include more than two horses in an exacta box. Exacta key An exacta bet using one horse the "key" to finish first in a race with multiple horses in second. A bettor can also key a horse finishing second with multiple horses in first. Trifecta Pick the top three finishers in a race in the exact order. The bettor wins only if the horses finish first, second and third in the exact order.

Trifecta box Pick the top three finishers in a race in any order. The bettor wins if the horses finish first, second and third in any order. The bettor can include more than three horses in a trifecta box. Trifecta key A trifecta bet using one horse the "key" to finish first in a race with multiple horses finishing second and third.

A bettor can also key a horse to finish second or third. Superfecta Pick the top four finishers in a race in the exact order. The bettor wins only if the horses finish first, second, third and fourth in the exact order. Long shot: A selection that is considered to have an extremely small chance of winning a particular event and will, therefore, start at long odds.

The difference between per cent and the total percentage probability of all the odds quoted on an event. This is a two-way market in which we pick the winner of an event three-way for sports that include a tie, such as soccer. Also the term for the betting format used in this context. Multiple: Any bet that includes more than one selection. O Odds: The numbers that display the probability of a particular outcome and that determine how much we win if our selection is correct.

Odds against: Describes the price for a selection that stands to win us more money than our stake. Odds on: Describes the price for a selection that will win us less money than our stake; of course, we will still get our stake returned if we win. Off the board: A term, often shown as OTB, that demonstrates a sportsbook is not taking bets on that event at this time.

On the nose: A bet to win, rather than an each-way or place bet. Believed to derive from boxing, where the nose is the target. Outsiders: Contenders in a race or match that have only a small, or outside, chance of winning. Overlay: The situation in which a sportsbook offers odds on a particular outcome that are too long for it to be able to make a profit.

Also known as a totals bet. We decide if a particular outcome, such as points scored in a game, will be over or under the number set by the sportsbook. P A bet in which we combine several outcomes with a single stake. Patent: A multiple bet of seven wagers on three selections; three straight up bets singles , three two-bet parlays doubles and a three-bet parlay treble.

Picks: Slang term for selections. Price: Another term for the odds on a particular selection in an event. Push: The outcome when neither the bettor nor the sportsbook wins on a particular wager. Q Quinella: A bet in which we have to pick two runners to finish first or second in either order. R The amount that we receive from the sportsbook on a successful bet.

Round robin: A complicated wager closely related to a patent. It involves 10 bets on three selections; three two-bet parlays doubles , a straight up bet single and six any-to-come — also known as up-and-down doubles. S Shorten: The opposite of lengthen; what happens to odds when a lot of money is staked on an outcome, leading the sportsbook to contract the price. Single: The simplest bet you can have. One stake on one outcome, such as the winner of a race or match. Single states about: A bet on two selections in different events; a return on each single is used to fund another single on the other selection.

Smart money: Term for the cash invested by people or teams seen as being particularly knowledgeable about betting or the event in question. Spread betting - What is spread betting? The sportsbook sets a spread — such as the total number of goals scored in a soccer match — and you buy at the top, or sell at the bottom. Super Yankee: Also known as a Canadian, a combination wager on five selections that includes 26 bets — 10 two-bet parlays doubles , 10 three-bet parlays trebles , five four-bet parlays four-folds and one five-bet parlay five-fold.

Sure thing: Describes a selection that is seen as an absolute certainty by the people who wager on it. Similar to a Mortal Lock. T Take: Another term for the profit made by a sportsbook; also called juice, the margin, the cut, the house edge or the vig. Taking: This happens in spread or handicap betting. Teaser: Similar to a parlay in that we combine wagers on more than one event; with a teaser, we can adjust the point spreads in exchange for a smaller return.

Tip: Selection made by people or organizations with a perceived expertise in a particular sport or event; also used to describe any betting selection. Tote: Generic term for pool betting on sports, derived from totalisator; winnings are dictated by dividends declared by the organization running the pools.

Treble: A single bet on three events. In the US, a three-bet parlay. The winnings from each roll on to the next selection. All three must win for the wager to be successful. Trixie - What is a trixie? A combination bet on three selections that comprizes of four bets; three two-bet parlays doubles and a three-bet parlay treble. True odds: The real, mathematical probability of something happening. U The outsider in a sporting event, especially a two-sided contest such as a football or basketball match; the contender less expected to win.

Union Jack: A complicated wager on nine selections in eight three-bet parlays trebles ; the selections are placed in a 3x3 grid — the one at the center should be your most confident pick. V Value: The concept that suggests a bet has been struck at a price that is longer than the actual probability of it succeeding. W To succeed in a sporting event; also, to be successful in wagering on its outcome.

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