Horse Betting Terms

In the horse racing betting industry there are so many betting terms flying around.

From slang words to common betting terms used by commentators, this handy jargon-buster guide can assist you to understand the meanings.

Punters like to use plenty of confusing words when attending the racecourses so our jargon buster betting terms guide will make you sound like a seasoned professional.

You will be able to join in with the punting talk next time you attend the horse races.

A-Z Horse Racing Betting Terms

Accumulator

Horse racing accumulator betting is a lower risk, increased winning bet that consists of four or more selections on to a single bet. There are a variety of accumulator bets to choose from so that you can predict a range of winners and potentially gain a huge sum of money!

An accumulator bet involves more than one horse racing selection with the winnings from each selection going on to the next pick.

All selections must be successful to get a return.

Check out our guide for more information about accumulator bets.

Allowance

Allowance rates in horse racing are when weights are subtracted from the horse due to disadvantages, such as the age of the horse, the sex of the horse, the number of races won, and the experience of the jockey. There are starter allowance rates that depend on how long a horse has raced for.

A horse carrying an inexperienced rider is given a weight concession to even its chances.

The younger jockeys, or certainly the less experienced jockeys, may be given an allowance.

All Out

In horse racing, All Out is the terminology meaning that a horse is trying to the best of its ability. This terminology is used frequently in horse racing and betting commonly used to compare the horses together.

A horse or contestant trying their best.

All-Weather

All-weather horse racing tracks are synthetic turf (or Polytrack) that makes the track available to race on in all conditions. All-weather championships have over 200 fixtures that attempt to encourage owners and trainers to train all year long.

All-weather is the term used for the artificial surface tracks, which can be raced on in all weather conditions.

Ante-post

Ante-post bets are placed prior to the actual race with a high reward as there are chances your horse may not race so you will lose your stake! Whether the ante-post bet is 24 hours or 48 hours before, it is an incredibly popular bet type as the rewards are brilliant!

Ante-post betting is placing a bet on a horse race well in advance of the day of the horse racing events.

As the ante post bets are when you place a bet on a horse to win a race in advance of the actual race taking place, you do need to check the Ante-post rules from the online bookmarkers as some do not offer money-back for non-runners.

Check out the comprehensive article on ante-post betting information.

Back

Back betting is when you select a horse to back by placing a bet of a certain amount of money after the bookmakers put the odds for the various horses out. Back betting is the most common type of better with a bookmaker.

Back betting is where you bet on a horse as the bookmakers publish the odds for different horses.

Punters back one horse by betting to win (or each way).

Backing a horse is the opposite of a lay bet and the more traditional bet type.

Banker

A banker, in horse racing terms, is the horse that is backed that is the most likely to win. The banker will be the horse that produces the highest strike rate and can have a short price, however, this can not always be certain.

The banker is the selection that is supposedly a certain bet.

A banker bet is the most likely to win.

Some horse racing punters also call the banker selection their NAP.

Bar

The Bar in horse racing is the lowest odds for the horses that haven’t been quoted for. Bar bets are normally given to shorten the list of names for an event. For very large races with numerous runners, the bar price highlights will show on screen to shorten the list.

Bar refers to the odds beyond which horses are not quoted.

33-1 bar means those racehorses not quoted are 33-1 or bigger.

The lowest odds of horses not mentioned in the betting forecast have not been quoted individually due to their price being further out than the bar odds on show.

Best Odds Guaranteed

In horse racing, if you are with a bookmaker offering, you will be paid out at the best odds. You will simply place your bet and take the best odds! If your starting price is bigger than the odds, you will get even better odds!

The Best Odds Guaranteed (BOG) is a special offer from betting sites and applies when the bookmaker agrees to settle your bet at the starting price (SP) if it is greater than the price you took when placing the bet.

If you back a horse at 4/1 but by the time the race is off that horse is now 7/1 if the horse wins the race then you receive the increased 7/1 price as a special BOG offer.

Some of the most popular bookies online

Check out some of the top-rated bookmakers offering best odds guaranteed special offers online.

Bet Slip

The bet slip in horse racing is the ticket that will present all the information needed to you. Whether you are looking for markets, odds, or stakes… they will all appear on your bet slip. You will be able to see your betting slip after you have placed your horse racing bet!

The form or slip where you write your bets or if online the box in which your bet selections appear. Here you select your bet type and stake.

Betting Calculator

Betting calculators are used for working out your potential winnings. You can work out your winnings for any bet, such as single bets all the way to big complex bets and accumulators. Using a betting calculator can make you know your potential winnings so much easier.

A betting calculator enables you to check your potential winnings on horse racing bets.

The betting calculators just need you to input your bet information such as the odds, stake, and bet type.

The free bet calculator will work out any returns you have won and calculate profits.

Betting exchange

A betting exchange is a website that will allow you to bet against other people instead of a bookmaker. The betting exchange acts as a marketplace where other people who are also betting can take the bet that you have put down.

The most common betting exchange is Betfair for the ability to back or lay horses on a race.

A betting exchange website is where you are betting against other people, rather than against the bookmaker.

Betting odds

The odds in betting are simply the maths of horse racing. They will appear in number forms, such as ‘5/2’, so for every 2 units that you stake, you will receive 5 units if you win! There are certain odds that are great, and some not so much.

Betting odds are the numerical value devised by bookmakers.

Betting odds are known as the price of the horse.

The betting odds are generally fractional, but in the US they use decimal betting odds.

If a punter does not want to take a price on the selection he can wager and ask to take the SP, which stands for starting price.

Betting online

Betting online in horse racing is when you place your bets online, instead of going physically to the racecourse or to a betting shop. Betting online can be the best option to choose if you are unable to get out and vote in person- this way you can earn from home!

Betting online has grown as internet connections on mobile phones have become more easily accessible.

With amazing betting apps, horse racing punters no longer need to go to the racecourse or to the high street bookies to place a bet.

Horse racing betting online offers great enhanced odds and special offers when wagering bets through the biggest betting brands websites.

Betting Ring

The betting ring is the physical place where the bookmakers will work. The bookmakers will give you a ticket at the betting ring that has all the details of your bet, known as the bet slip. 

The betting ring is part of the paved area in front of the Grand Stand, which is where the bookmakers operate.

Another term used for the betting ring is referred to as the Jungle.

Betting tips

Betting tips in horse racing can often be provided by a ‘Tipster’, a tipster will provide information, such as the outcome of the event and tips and recommendations. A tipping service helps to sell insights and picks to clients.

Horse racing betting tips is a recommendation of who will win a race.

The tipster is highlighting selections they feel have a better chance of winning than what the odds suggest.

Tipsters will often describe their best horse racing tip as a NAP which is their best bet of the day.

Betting Without (W/O)

Betting without means placing a bet on a horse to win without including the favourite in the results. When you back a horse that comes behind the favourite horse, you will have won the bet!

Placing a bet excluding a certain selection, usually the favourites.

Betting without the favourite is common when there is an odds on fave.

Board Prices

In horse racing, board prices are the odds that are listed on the bookmaker’s boards. Betters can make their choices early on, however, you will not be able to the board prices are released. The prices are fixed odds.

The board prices are the available odds displayed on the boards of the on-course bookmakers.

The Starting Price is derived from the board prices.

Canadian

A Canadian in horse racing is 26 bets that involve 5 different types of events. If you have five selections in various events, this bet is the one for you as it can give you some money in return if 2, 3, or 4 picks win!

A Canadian bet consists of 26 bets involving 5 selections in different horse racing events.

The Canadian bet includes 10 doubles, 10 trebles, 5 four-folds plus an accumulator.

A minimum of two must win to guarantee a return when placing a Canadian bet.

Check out our calculator to work out Canadian bet winnings.

Cash out

A cash out feature allows you to settle your bet before the event has ended. You will still get some winnings from your bet which could be higher or lower than your expectations. The highest winnings may be lower than normally collecting the winnings.

The cash out feature is the figure a bookmaker has offered to payout before an event has finished.

Taking a payout offered by your bookmaker before the completion of a bet is known as cashing out.

Many punters want to know the cash out total if they have had a few winners before the last selection runs.

Find out more on our list of best cash out bookmakers online in August 2022.

Co favourite

A Co-favourite, in horse racing, is a horse that leads the market with one or more horses. Co favourite horses can also be known as a ‘Jolly’, ‘Chalk’, or ‘Sponk. 

A co-favourite is a horse race is a horse offered at the shortest odds by the bookmakers and shared favouritism with other horses.

A horse who leads the market with one or more horses is also referred to as joint-favourites in the betting market.

Course Specialist

A course specialist is a horse that has proven at a track in previous races, meaning the horse will have run well over a particular course and distance.

A horse, contestant or selection that is known to perform well at a particular track.

Dividend

The term ‘Dividend’ is normally referred to in horse betting when the amount is returned on a winning tote bet. This can be declared in the decimal odds and your own stake is included in the return.

A dividend is often associated with Tote betting pools.

A Dividend in betting terms is the amount returned on a winning Tote bet.

The Tote dividend is declared in decimal odds and your stake is included in the return.

These types of bets pay dividends on the Tote pools:

Drifter

A drifter is a horse that is continuously going in and out of the betting, known as a drifter as the horses odds are drifting around so much. For example, the odds could be 5/1 and gradually change to 8/2.

A drifter is a horse that is going out in the betting market.

A horse finds its price getting bigger prior to the race beginning.

Common referred to as “drifting out” in the betting odds.

Duel forecast

Duel Forecast, also known as a reverse forecast, is a bet that is aimed to predict the winner, as well as the runner up in any order. Bookmakers will offer duel forecast (reverse forecast) betting at any horse racing event.

A reverse forecast (or dual forecast) is a bet where the aim is to predict the winner and runner-up in either order.

Dutch

Dutch, in horse racing, means to back two or more horses in a race to increase your chances of finding a winner usually at a shorter rate on odds. Dutch is an incredibly popular betting technique that ends in profiting from multiple outcomes.

Backing two or more horses in a race, increasing your chances of finding a winner but essentially at shorter odds.

Each way

Each way is a bet that settles differently, depending on whether the horse only places or if it wins! Half the total stake will be selected for a win and the other half of the total stake will be for when a horse places.

A bet where half the total stake is for the selection to win and half is for the selection to be placed. The bet will be settled differently depending on whether the horse wins or places.

Edge

In horse racing and betting, the edge is the ability to find bets that have a larger probability of happening than the odds that you might receive, It is not always very easy to find an edge as it is the best way at becoming succesful.

A punters advantage in a bet.

Evens

When a horse you have bet on is quoted as ‘evens’, it will typically mean that you will win a sum of money that is equal to your bet if the horse wins. You will get the money you have bet on in return for the win.

A price of 1-1. Your stake brings equal winnings: e.g. £10 staked at evens wins £10 (total return £20).

Favourite

The ‘favourite’ horse in the race will be offered at the shortest odds by the bookmakers. The favourite horse in the race will often get the nickname of ‘jolly’- being derived from the phrase ‘Jolly old favourite’.

The shortest-priced horse in the race, the market leader.

Fold

In an accumulator, a fold will represent a number contained in a selection. Occasionally, bookmakers will use the term ‘leg’ instead of fold. Some bookmakers will go as high as 20 folds that will then get folded together after you have placed your bet and inserted your stake.

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.

Forecast

A forecast bet is a horse racing betting term used to describe the process of picking two selections in the same event and placing them in the order you think will place first or second. A straight forecast bet is getting incredibly popular in the UK horse racing events.

A bet where the aim is to predict both the winner and runner-up in a race. A straight forecast is the winner and runner-up in the correct order.

Goliath

A goliath bet is a very popular bet that allows for a huge range of bets to be made in one wager! Goliath bets have a huge number of 247 bets with 8 selections, therefore, is it important that you are experienced and understand the sport so you don’t lose out!

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

In horse racing, hedging is a strategy that consists of a bettor placing another bet that goes against their original as they are unsure of the outcome they may receive in the first place. Hedging is a risk-reducing strategy, but it can make your winnings lower.

This involves placing a bet on opposing outcome to the punters original selected outcome in order to guarantee winnings of cut losses.

Heinz

Heinz betting is a bet that is more commonly used by experienced bettors, which consists of 57 bets with the chance to make a return if at least 2 of your win. Having a higher total stake than other forms of bet, there will be a lot of wagers being made.

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.

In the frame

In horse racing betting terms, the term ‘In the frame’ means that the particular horse has finished in the places. When a horse is ‘framed-up’ the horse is travelling in a pre-determined outline, this depends on the jockeys rein action.

Another term for a horse who has finished in the places.

In-running

The term, ‘In-running’ in horse racing can mean anything that happens while the horse racing is occurring. In-running can mean that there has been a bet placed during the race or even just a comment said. An in-running bet can have a higher chance of winning!

A bet placed during the race, as opposed to before the race begins.

Joint favourite

The term, ‘joint favourite’ means that there are two different horses that have the shortest odds in the bet, proving that they are the joint favourite to win the race and give many people some winnings! This term is commonly used.

If two horses have the shortest odds in the betting, they are described as joint-favourites.

Jolly

A ‘Jolly’ is a horse that has the shortest odds in the bet, meaning they are the favourite to win! The favourite horse in the race will be commonly called the ‘Jolly’ due to the famous phrase ‘The jolly old favourite’.

A different term for the favourite in the market.

Lay

In horse betting, the ‘Lay’ is the complete opposite of backing a horse. The ‘lay’ is the least favourite or least jolly in the race. This horse will typically be thought to not win or even place in the frame.

A bet on a horse not to win (or not to place). The opposite of backing a horse.

Longshot

If a horse goes off at anything over 15/1 odds, this horse would be considered a longshot. Longshots are horses that will typically be thought to have little chance of winning, however, this makes the odds very high, so the winnings are large (making this bet popular).

A horse who appears to be unfancied in the market (20-1 shot etc).

Lucky 15

Lucky 15 bets are commonly used by horse racing bettors as they only need one selection to win to get a return! The lucky 15 bet covers doubles, trebles and four-folds! If you have faith in each of your four selections winning, Lucky 15 is the bet to do!

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.

Market Mover

A ‘market mover’ in horse racing batting terms will mean that a particular horse has had a complete price shift from when the market formed. If a horse is backed, the price will shorten considerably. Market Movers can be fairly profitable.

A market mover is a selection that changes in price significantly in either direction, by increasing in odds (drifting) or decreasing in odds (shortening). It can sometimes be profitable to follow horses that shorten up before the off.

A selection that changes in price significantly either way, by increasing in odds (drifting) or decreasing in odds (steaming).

Match betting

Match betting in horse racing is an incredibly popular method of making money that has multiple outcomes, this can be from in-play betting or finding differences in the bookmaker odds. As this method is a guaranteed return, it is so popular!

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.

Monkey

In horse racing, money has various slang used for betting- Monkey is slang for £500. This is a UK punter phrase, originating from British soldiers stationed in India as the 500 rupee note has a monkey on it! It is similar to Cockney rhyming slang.

Slang for £500.

Multiple

A ‘Multiple’ in horse race betting will typically mean a multiple bet that a single stake is placed in two or more selections. The returns from the first selection will be staked on the 2nd selection. 

A bet that consists of multiple horses. This is a broad term that could refer to a simple accumulator or more complex bets like a Lucky 31.

Nap

A ‘NAP’ will mean that the bettors horse is a good horse for a payout. The NAP may not always be the Jolly of the race, however a tipster will use their own knowledge to decide. If you were to place your bet on the NAP because a tipster has, you should view their experience.

The best bet of the day for a tipster.

Objection

An ‘Objection’ in a horse race will mean that a jockey or contestant will send an appeal just after the race, implying a petition or violation of rules by any others in the race has influenced the outcome of the race. An Objection will usually lead to an investigation.

The contestant or owner objection to the conduct or result during a race or event, often followed by an investigation/enquiry.

Odds

The odds in horse betting is the return you can receive and expect if the horse you bet on is successful in the race. The odds will reflect the amount of money bet on a horse. When a horse has had lots of money invested, the odds will be shorter. 

The chance offered for a selection to win. Also known as price.

Odds compiler

An Odds-compiler will be employed by the bookmaker or betting exchange who will set the odds for the event so that customers can place their bets. They will monitor customer accounts as well as the profitability of their own operation.

A person who sets the odds offered by a bookmaker for any given race.

Odds-against

Odds-against is the term used to describe any betting market selection that is priced higher than evens. Odds-against prices usually are the bets that have the best return. 

A price that is bigger than evens. Betting odds where the potential winnings are higher than the stake.

Odds-on

Odds-on is the opposite of Odds-against. This describes any betting market selection that is priced shorter than evens. Usually when odds-on is called, the horse is a hot favourite!

A price that is shorter than evens. Betting odds where the stake is higher than the potential winnings if the bet is successful.

Off the Bit

The terminology ‘Off the bit’ in horse betting will refer to a horse when a race caller announces that a horse is not on the part of the field before the home straight. Off the bit is a term used when people are worried as the horse will be galloping freely.

Term used when a horse needs urging on.

Official Ratings

In horse racing, a horse will earn its ‘Official ratings’ when it has won a race or at least placed on three different occasions. The official ratings will be based off of the official handicapper’s opinions.

Official Ratings (OR) are one of the numerous statistics added to a race card.

The BHA have a rating system in place for Flat and National Hunt races, which evaluates a horse based on its past performances.

The official rating of each horse is shown in racecards as OR, while the weight is also clearly visible.

Official Result

The official result will be when the bets are settled at the time of or after the ‘weigh in’. If the horses finish at the same position the official result will need to come into place to determine which horse won exactly.

The result on which bets are settled.

On the Bit

The terminology of ‘On the bit’, in horse racing and betting, is typically used to describe the horse’s posture due to the reins and bridle. The horse should be on the bit as it helps the horse to carry itself and gives the rider control.

A horse that performs without encouragement from the jockey.

On the nose

When the term ‘On the nose’ is used in horse racing, it will mean that the horse has won by around a couple of millimetres. To win by a nose, the run will have to have been very, very close at the finish line.

Turn of phrase used to describe a narrow winning margin, often photo-finish winner. May or may not have actually won by a nose.

One Paced

The pace of a horse in racing determines how quickly or slowly a horse is running. When a horse is one-paced, the horse will simply only stay at one tempo when the speed of the race quickens, consequently leading to a loss.

A selection that runs or competes at one pace and cannot produce extra.

Overround

Overround in horse racing terminology is the combined total of priced probability across every outcome on a singular event. This can be a very large influence on horse racing as all the prices are adding up together, making it very popular.

The practice of factoring in a profit margin on the prices offered by a bookmaker.

Patent

A ‘Patent’ is horse betting is a compromisation of seven bets over 3 different selections, making it a multi method bet. This type of betting manages to cover a variety of potential outcomes and brings a return for even just one singular successful bet!

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.

Permutations

Permutations, in horse racing betting terms, means the placing of multiple bets within one overall bet (commonly known as a combination bet). You would place a series of wagers to cover various selections leading to you gaining a return either way.

Also known as combination bets. A permutation bet is a wager that involves a number of selections.

Place

A ‘Place’ bet is the style of bet that makes you choose a horse to finish in the placings. Your winnings in a Place bet will be based on where your horse does actually finish. If your horse finishes in 1st or 2nd you will get a payout, however, this is smaller than a win bet.

Backing a horse to finish in the places. The number of places depend on the number of runners, with two places available for a five to seven runner race, three places for eight to 15 runners, and four places for handicaps with 16 runners or more. Extra place terms are often offered by bookmakers.

Pony

The betting terminology of ‘Pony’ will typically mean slag for £25. This term originates from British soldiers that were stationed in India, where there was a pony pictured on the 25 rupee note.

A slang term betting term for the cash sum of £25.

Price

‘Price’ in horse betting terms means the same as ‘Odds’ which is the chance of the horse given by the market to win the race. The price can be higher or shorter depending on how likely the horse is to be a favourite.

Often referred to as odds. The chance a horse has been given by the market to win the race.

Punter

A ‘Punter’ is the term used for a person that will bet money on a horse at an event. Punters can also be known as a gambler or a backer. There are many punters that go to horse racing events to get returns.

UK term for a bettor or someone who places a bet.

Return

A ‘Return’ is known to be the amount of money a punter will gain if the bet they have placed has won. You will also win a return if your horse has placed, however, this will be a fractioned price. A return is simple terms is the payout.

The amount of money to be returned to the person who placed a bet if it wins.

Round Robin

A Round Robin will typically mean a bet that will bring a variety of bets into one. The round-robin bets will consist of single, doubles and trebles so it is a coverage bet that will make you only need one successful win to see some return!

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.

Rule 4

Rule 4 is a deduction rule used when there are non-runners in the race after the last declarations have been made. Rule 4 will reduce the winnings after a horse has withdrawn from the race so it is easier for others to place.

One of the most commonly invoked betting rules, dealing with deductions from winning bets in the event of any withdrawn runner(s) from a race. The rule applies to winning bets struck at prices (e.g. morning prices) laid before a withdrawal (other than ante-post bets, which are unaffected by Rule 4 (c) and to starting-price bets where, after a late withdrawal, there is insufficient time to re-form the market. The rate of deductions is in proportion to the odds of the non-runner(s) at the time of the withdrawal.

Score

‘Score’ is a horse racing and betting slang term used by Punters as well as anyone else involved in horse betting. The score is known to be £20. This will be used mainly when punters gain a return from their winnings.

A slang term for £20.

SP

The ‘SP’ stands for ‘Starting Price’ which will mean the odds of a horse in the on-course odds as when the race is beginning. Bookmakers will give an offer of either placing a bet at the starting price (SP) or a fixed price.

Starting Price. The starting prices are the final odds prevailing at the time the race starts and are used to determine the payout to winning punters, unless a punter took a specified price at the time of placing the bet.

Spread Betting

Spread Betting will give you the chance to bet against the ‘spread’. If you think that the outcome will be higher than the price given, you would buy on the spread. The more correct you are, the more money you can get in return.

Similar to the handicap betting system. If you back a team to cover the spread, so a team will lose by no more than 5 points, or win by more than 6 points.

Stake

The definition of ‘Stake’ in horse racing is the amount of money that you will bet on a horse. The stake race is a prize offered and put up by the owners of the horses entered.

The amount of money you bet on a horse.

Starting price

The ‘Starting Price’ is the available odds on a horse at the beginning of the race. The starting price will be calculated by the officials at the racecourse based on the fixed odds that the bookmakers will decide upon.

The starting price is the horse’s final prevailing odds at the time the race starts.

If you place a bet and don’t take the specified odds at the time, then your winnings will be determined by the horse’s SP or Starting Price.

Steamer

Within horse racing, a ‘Steamer’ is a horse that gets backed a considerably large amount of times with shortened odds. A horse could be overpriced, to begin with, or a favourite- this can make the horse a steamer.

A horse who has shortened in the market considerably.

Stewards Inquiry

The Stewards Inquiry is a review that will take place after the race to make sure that the race was run very fair and there was no rule-breaking or challenging. Usually, Stewards Inquiries are seen when horses have interfered with eachother.

An investigation held by the steward if the rules of racing are deemed to have been contravened can be in response to an objection.

Ton

A ‘Ton’ is a slang term in horse racing and betting for money. The amount of money known as a ‘Ton’ in horse betting is £100. Punters will often use this terminology when they get a return.

Slang term for £100.

Tote

A ‘Tote’ is when you bet from a higher quantity of prize money rather than fixed odds. When you use a tote bet, your bet will be placed and your stake will go into a pool of money.

A type of bet frequently placed at a racecourse. You can back horses to win or place, and a dividend is paid out afterwards to winning bets as the bets all go into a pool. The tote also runs other bets such as the placepot and jackpots

Trixie

‘Trixie’ in horse race betting is a bet that consists of four bets of equal value on 3 different selections in separate events. A Trixie is a multiple bet that increases your return because of the doubles and trebles included in your selections.

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.

Void bet

A Void bet is a bet that is cancelled or has just never been placed at all. You can not win money with a void bet and you also can not lose any money. If you place a void bet, your stake will be returned in full to your account.

This is a bet which is declared invalid. The stake is returned without deduction.

Weighed In

When ‘weighed in’ is announced through the speakers at a horse race, this means a confirmation of a competing jockey racing at a correct weight. If their mount is disqualified and they will be declared a loser.

The process of weighing a jockey to make sure they are within preassigned weight limits for the horse race.

Yankee

A ‘Yankee’ is a bet that has 11 different bets with equal value. This particular bet will bring a return when 2 selections have been successful and won. Yankee bets can be placed on the bet slip.

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.

Walkover

A ‘Walkover’ in horse racing is when a horse wins the race incredibly easily. When a horse simply has to just walk over the course without much competition- this will be determined as a walkover.

A horse race involving only one horse and jockey.

Summary of Horse Betting Terms

The horse racing betting terminology UK has many slang terms, horse racing metaphors and horse racing cliches.

The horse racing slang UK phrases are comical for punters to use while betting on horse racing.

Hopefully, the horse racing betting terminologies help you to understand “What on earth are these people talking about?”

You know should understand the secret language used on the racetracks and this guide offers you a translation of betting terms you will frequently hear.

As the Founder of British Racecourses, I have a life-long passion for horse racing and have loved the sport as long as I can remember. I am also a keen racehorse owner and have worked in the gambling industry for several years. I set up British Racecourses with the desire to share my passion for racing with other like-minded people.