Betting Glossary

     

    A

  • Accumulator: A series of bets on multiple outcomes, all outcomes must be successful for the Punter to win the bet.
  • Ante Post: Bet that takes place well before an event which includes all possible participants. If the selection becomes a 'non-runner' the bet is lost.

  • Arb: A bet that locks in a guaranteed profit, whatever the outcome.

  • Asian Handicap: A football bet that gives the least likely winner a head start to make betting more competitive.

  • B

  • Banker: A bet that is considered to be a near certainty.

  • C

  • Canadian: A bet on five selections covering doubles, trebles, fourfolds and a fivefold.

    D

  • Double: A bet on two horses where both are required to win.

  • Drifter: A horse whose odds are getting bigger due to lack of support in the betting.

  • E

  • Each-way: A bet on a horse to place as well as win. Place terms depend on number of runners and type of race.

  • F

  • Fourfold: A bet on four horses where all are required to win.

  • H

  • Hedging: Backing another outcome in an event you have already bet on to decrease the risk involved.

  • Heinz: A bet on six selections covering doubles, trebles, fourfolds, fivefolds and a sixfold.

  • L

  • Lay: Betting on something not to happen, for example a team not to win.

  • LSP: Level Stakes Profit. The amount of profit that would have been made if all stakes had been 1 unit.

  • N

  • NAP: A tipster's best bet of the day.

  • O

  • Odds on: Betting on an outcome that is odds on results in the profit of the bet being less than the original stake i.e. less than evens (2.0).

  • Over-round: The margin the bookmaker builds into their odds to ensure they make a profit on an event.

  • P

  • Patent: A bet on three selections that covers seven bets, three singles, three doubles and a treble.

  • R

  • ROI: Return On Investment.

  • Round Robin: A bet on three selections containing ‘three pairs of singles stakes about’ bets, three doubles and one treble.

  • S

  • SP: Starting Price - the price of a horse when the race starts broadly based on an average of the on course bookmakers odds for the horse.

  • T

  • Tissue: A betting forecast designed to predict the odds of each runner in an event.

  • Treble: A bet on three outcomes where all are required to win.

  • Trixie: A bet on three selection which covers the three doubles and the one treble.

  • Y

  • Yankee: A bet on four selections that covers the six doubles, four trebles and one fourfold.

Football betting site Betway

Table for Horse Racing in June

 Name W/L Profit £
1 Dynamite21 Horse Racing  27/44 +556.67
2 Market Movers Horse Racing  17/88 +447.20
3 HorseLays Horse Racing  287/114 +430.70
4 Next Best All  10/15 +194.90
5 GoldStandard Horse Racing  18/60 +76.60
6 Jennifer19 Horse Racing  13/38 +69.00
7 On The Nose Horse Racing  27/79 +7.90
8 DaveStevos Horse Racing  2/7 +3.00
9 Superted Horse Racing  18/89 -7.90
10 Pinpoint Horse Racing  23/68 -14.87
The stake for each tip is 10 units

Table for Non-Racing in June

 Name W/L Profit £
1 Big Dawg Greyhounds  12/9 +267.05
The stake for each tip is 10 units