Horse Racing Terms – Read the Glossary

Explained – Horse Racing Terms

The world of horseracing contains plenty of confusing words, some of which may mean very little. Here’s a handy guide to help you understand some of the horse racing terms;

 

Ante-post

Ability to bet on races in the weeks and months leading up to an event

Banker

A well-fancied runner, often a horse with short odds

Outsider

Horse with the biggest odds in a race, also referred to as ‘unfancied’

SP

The starting price; the odds of each horse when the race begins

Plunge

The shortening of a horse’s odds near to race time; often seen as a positive

Drift

The lengthening of a horse’s odds near race time; often seen as a negative

Odds-on

Strong favourite; odds dictate that your stake will be greater than your return

Bettor

Someone who bets on a races; usually the customer, also known as ‘punter’

Layer

Someone who takes bets; usually the bookmaker, also known as ‘bookie’

Handicap

Races in which horses are weighted according to their past performance

Jolly

Horse with the shortest odds in a race, also known as the favourite