A-Z of betting
Accumulator – A series of bets on multiple outcomes and all of which must be successful to win the bet.
Ante post – Placing bets on markets weeks, months and maybe years in advance. This is usually because of favourable odds on horses before they are declared officially for races.
Banker – A selection that is strongly fancied, often the most secure bet of an accumulator.
Bar – The lowest odds of horses not mentioned in the betting forecast ’20-1 bar’ means those not quoted are 20-1 or bigger.
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 – An option in online betting. When a punter can choose to settle a bet before it has finished so secure profit or ensure further loss if confidence in the remaining legs decreases.
Drifting – A term used to describe an alarming or slight movement in price of a selection to larger odds, usually indicating that the bookmaker knows something the punter does not.
Edge – A punters advantage in a bet.
Exchanges – An exchange is a peer-to-peer betting network, enabling you to place bets and ‘match’ wagers placed by your fellow punters.
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.
Getting out stakes – The final race of the day, offering punters the chance to leap from the frying pan into the fire.
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.
Lay – When a bookmaker accepts bets it is often said that they lay a bet. The punter can lay themselves on the betting exchange too.
Lengthen – When little to no activity on an outcome is seen, the bookmaker will increase the odds of that selection.
Long shot – A selection that is regarded as unlikely to win.
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.
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.
Market mover – A selection that changes in price significantly either way, by increasing in odds (drifting) or decreasing in odds (steaming).
Nap – The best bet of the day for a tipster.
Odds on – When the returns on a bet is less than evens, e.g. £10 returns £8 profit – odds are 4/5
Odds against – The case for most horses each race, the odds are greater than evens, e.g. £10 returns £25 – odds are 6/4
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.
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.
Runner – Someone who places bets for another person.
Saver – Bet placed by punter in the belief that two bets will be less expensive than one.
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.
Steaming – A term used to describe the change in price of a selection that has seen a significant shortening in its odds.
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.
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.