Here's a breakdown of horse race gambling terms that could come in handy this Saturday for the Preakness. How odds workThe larger the number, the higher the risk and bigger the payoff. Multiply that by your bet then add your bet for the payoff. Basic betting terms Win: The horse selected will win the race. Place: The horse selected will finish first or second. Show: The horse selected will finish in the top three.
Exacta: Two horses selected will finish first and second in that order. Multiplies your bet in order to include all combinations of your horses such that you win if horses bet finish first and second in any order. One-eighth of a mile. A horse that has yet to win a race. Turf races occasionally include "main track only" entrants.
They will be added into the field if the race is taken off the turf and scratches can accommodate them. Term for rolling a winning bet over into another race. However, since all winnings are "reinvested" into the next leg of the parlay, the parlay ends as soon as one portion of the wager loses. On the other hand, using the principle of compounding, a winning parlay can rack up large profits in a short time span.
Place bet Horse bet must finish first or second. Horses bet can finish first and second in any order. Show bet Horse bet must finish first, second, or third. Triple also known as trifecta Horses bet must finish first, second, and third in exact order.
Ex, if you bet a triple, you win only if the 5 wins and the 4 runs second and the 8 runs third. Triple Box Multiplies your bet in order to include all combinations of your horses such that you win if horses bet finish first ,second, and third in any order. Win bet
SHURE BETA 52 PLACEMENT EXAM
Conditional Jockey: A horse racing term for an apprentice National Hunt jockey. Co-favourite: The title given to more than three horses that are equally likely to win a race and have the lowest odds. Connections: This generally refers to the owner s and trainer s of the horse. Those connected to the horse. Course Specialist: A horse that has either won or set a good time at a specific racecourse before. Dam: The mother of a horse. Dead Heat: When two or more horses cross the finish line at exactly the same time.
Distance: Usually refers to the length of a race or the amount of ground covered by a horse. Each-way: Refers to a bet that involves half your stake on the win and half on the place. Even Money: A horse racing betting term for a stake that brings equal money back.
Exacta: When you bet on horses to finish in first and second position in an exact order. Also referred to as a Forecast. Favourite: The favourite is the selection deemed most likely to win a race by virtue of the fact it has the shortest odds. Field: Refers to a field of runners, being the line-up of horses in a race Filly: A young female horse of up to four years old.
Forecast Bet: When you bet on a selected number of horses to finish first and second in an exact order. Furlong: A distance equal to yards. A mile consists of approximately 8 furlongs. Front-runner: A horse whose benefits from being at the front of the field of runners, often trying to lead the race from the start.
Going: A term that describes the condition of the race course surface, ranging from heavy to firm. Green: A horse may run green, generally meaning it shows a lack of racing experience. Group Race: Group Races are the highest level of races for thoroughbred horses. They are known as Grade races in the USA. Handicap Race: Where horses carry different weights, reflective of their ability with the aim of producing an even race. Joint-favourite: Two horses that have the joint shortest odds in a race Jolly: The favourite horse in any given race.
Judge: The person who decides the finishing order of the race. Juvenile: A two-year-old horse. Length: A racing measurement used to determine distances between each horse in the race. A length is considered the length of a horse. Long Shot: A horse with high odds that is considered to have only a small chance of winning the race.
National Hunt: Another name for jumps racing. NAP: Usually the best bet from a tipster across a race meeting or day. Non-runner: A horse originally declared to run that is now no longer running. Nose: The shortest distance by which a horse can win a race.
You will hear the phrase beaten by a nose. Nursery: Refers to a handicap for horses under the age of two. Objection: When one jockey makes a formal complaint about another rider. Odds On: A horse racing betting term for when the profit of a bet is less than the initial stake put on. Superfecta A bet placed on four horses to cross the finish line in exact chosen order. Super Yankee Alternative name for a multiple bet known as Canadian, a Super Yankee is a Yankee type bet with five selections instead of four.
Sure Thing A horse which a punter or tipster believes is unbeatable in a race. Sweepstakes Type of betting whereby each horse in a race is drawn out of a hat by a particular person who pays a set amount of money for the privilege of buying a horse.
The people which chose the winner and placegetters will receive a percentage of the total money pool. System A method of betting, usually mathematically based, used by a punter or bettor to try to get an advantage. The body appointed to regulate off-course betting bets made by people who are not present at the race track.
Take Takeout Commission deducted from mutuel pools which is shared by the track, horsemen in the form of purses and local and state governing bodies in the form of tax. Taken Up A horse pulled up sharply by his rider because of being in close quarters. The Jockey Club An organization dedicated to the improvement of Thoroughbred breeding and racing.
Incorporated Feb. Thick'un A big bet. Ticket The betting slip or ticket which is received by the bettor from the bookmaker or totalisator, as proof of his or her wager. The ticket is necessary to collect the dividends. Ticketer US A forger of bookmakers' tickets. Tic-Tac The secret and complex sign language used by bookmakers at racecourses to indicate movements in the price of a horse. Tierce A French combination bet in which the bettor predicts the horses that will finish 1st, 2nd and 3rd.
Tips The selections chosen by an expert to bet on also known as Picks. See 'Selections'. Tipster A person who makes selections for a race, providing tips on which horses they believe will win the first three places. Top Weight See 'High Weight'. Totalizator Totalisator The system of betting on races an automated system that dispenses and records betting tickets, calculates and displays odds and payoffs and provides the mechanism for cashing winning tickets in which the winning bettors share the total amount bet, minus a percentage for the operators of the system, taxes etc.
Synonyms: Tote, Parimutuel. Tote Totalizator. The organisation appointed to receive bets and supply dividends in proportion to the amount of the investment. A body in the UK set up to operate pool-betting on all racecourses. Tote Board The usually electronic totalizator display in the infield which reflects up-to-the-minute odds. It may also show the amounts wagered in each mutuel pool as well as information such as jockey and equipment changes, etc.
Also known as the 'Board'. Tote Returns Returns from a tote pool also known as a Dividend , calculated by taking the total stake in each pool after the take out and dividing it by the number of winning tickets. A dividend is declared to a fixed stake, for various win, place and forecast pools. Tout Person who professes to have, and sells, advance information on a race.
Also used as a verb meaning to sell or advertise. Track Condition Condition of the racetrack surface. Slow; Fast; good; muddy; sloppy; frozen; hard; firm; soft; yielding; heavy. Track Record Fastest time for a distance at a particular track. Trail Racing immediately behind another horse. A trail is also known as a sit. Trainer The person responsible for looking after a horse and preparing it to race.
A trainer must hold a license or permit to be entitled to train. Treble A bet consisting of 3 selections, all of which must win for the wager to be successful. Tricast UK See 'Trifecta' below. Trifecta A wager picking the first three finishers in exact order. Called a 'Triactor' in Canada and a 'Triple' in some parts of the U. Trifecta Box - A trifecta wager in which all possible combinations using a given number of horses are bet upon. The sum of the formula is then multiplied by the amount wagered on each combination.
Triple Also 'Treble' See 'Trifecta' above. Triple Crown Used generically to denote a series of three important races, but is always capitalized when referring to historical races for three-year-olds. Leger Stakes. Trixie A Trixie consists of 4 bets involving 3 selections in different events, i.
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Horse Betting - How to Bet Horses - Exactas
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