A
Accumulator – an accumulator is a bet that can be placed on any sport but is most popular in Football, at N1T we also use Accumulators as they can result in a great return.
Also known as an ACCA, this type of bet contains multiple unrelated selections. The smallest sized accumulator is a double, with two selections; for example Manchester and Liverpool both to win on a given weekend. Accas can contain almost unlimited selections, although the more you add the harder they are to win as you only get a return if all legs of the acca are successful, if a leg is unsuccessful you will typically lose the stake.
These bets are very popular because you can win huge amounts from a small stake, with the stake and winnings from each bet rolling over onto the next selection within the accumulator. Note that the selections within an acca must be unrelated – you can read more about ACCAs here
All Weather
All weather racing takes place at racetracks which have an artificial surface, suitable for racing all year round, no matter the weather. Within reason of course. Racing could still be called off in gale force winds. Venues such as Lingfield and Wolverhampton are all weather.
Also Ran
In Horse Racing all the runners who participated but finish outside the ‘places’ which pay out are described as also rans.
Ante Post
This is an important term to understand. Ante Post prices are offered well in advance of a race. You can seek Ante Post odds for a horse to win the next Grand National months ahead of time and you might get a better price, but you run the risk of your selection losing form or getting injured and not taking part. Here you are going ‘All in’ on an Ante Post market, so you could lose the bet if your selection does not finally take part in the event.
Asian Handicap
An Asian handicap is a type of bet in which there are only two outcomes on which you can bet, so the draw is removed from the equation. This is often done by using a handicap of part of a goal, although you can also have a handicap of zero which means that if the game ends as a draw you get your stake back, effectively being the same wager as “draw no bet”.
At the Post
The race is about to begin and all the horses are ‘At the Post’, meaning on the starting line/point.
B
Back
Place a wager on or bet on a selection to get a predicted result.
Banker
A safe bet. A very strong favourite. Bettors often include a banker in a multiple or combination bet to strengthen their hand.
Betting Exchange
Betfair is an example of a betting exchange. It is a peer-to-peer network where bettors can offer each other wagers, so customers of betting exchanges bet between themselves.
Betting W/O
This means ‘betting without’. You can place a bet on a horse to win a race without the favourite included in the results. So, if the horse you back comes second behind the favourite you’ve won the bet.
Bookie
Short for bookmaker, the person or company licensed to offer odds and accept bets from bettors.
BIR or BIP
Betting In Running (BIR) or Betting In Play (BIP) refer to Live Betting where participants bet during the course of a race, match or event.
BTTS
Both teams to score. A bet on both teams in a match to score at least one goal each. This is typically seen on statistic websites as a %, showing the likeliness of the outcome.
C
Century
Also sometimes called a ton, a century in betting terms means £100 GBP.
Colt
A male horse which is less then five years old. At five it becomes a Stallion.
D
Dam
A horse’s female parent. The male parent is a sire.
Decimal Odds
Typically the format used to express odds in Europe. The decimal odds equivalent of the fractional odds price 3/1 is 4.00, for example. The decimal odds ‘include’ the stake and potential profit. A successful £10 bet at 3/1 or 4.00 returns £40.
Double Chance
A double chance bet covers two out of three possible match results; for example, the draw and the home win or the home win and away win. Some such bets can also be covered by an Asian handicap bet; for example, backing a side +0.5 goals is the same as draw/win.
Draw No Bet
Draw no bet is a market whereby if the game is a draw your stake is refunded, and this is the same as the Asian handicap +0 market.
E
Each Way
An each-way bet is actually two bets in one, with half the stake going on the selection to win and half on it to place. In football terms, an each-way bet may cover a team making the final of a cup or tournament, a player finishing in the top two or three in the top scorer market, or other similar markets.
Evens
1/1 odds, which would be 2.00 in the decimal format. A £1 stake at evens would return £2.
Exposure
Exposure is the amount you stand to lose from a bet, usually a lay wager at a betting exchange.
F
Favourite
The selection (horse, greyhound, player or teams) with the shortest odds for the win. The most fancied winner.
FGS / FPTS
Abbreviation for First Goalscorer.
FHG
First Half Goals.
Field
All the other runners / selections in a market (race / tournament etc) excluding the named favourite(s).
Fillie
A female horse will be called a Mare once it reaches five years of age, before which it is called a Fillie.
First Past the Post
The selection which is first to cross the finish line in a race. The winner.
Form
The performance history of an athlete, player, horse, greyhound or team. The level at which the selection usually performs or has recently performed. Used by bookmakers to set prices and by bettors to assess odds and make selections.
FPTS
Abbreviation for First Player To Score.
Fractional Odds
The standard way of writing odds in the UK. Fractional odds allow you to calculate your potential profit not including your stake. A successful bet at 6/1 with a £2 stake earns you £12, plus you get the stake back, so your ‘returns’ are £14 in that case.
Full Time
When you back a team to win a match it is a full-time result bet. Bets in football are settled at the end of 90 minutes plus stoppage time and as standard they do not include results achieved in extra time or on penalties (unless otherwise stated).
G
Going
How the state of the ground / surface is described in horse racing. The going is good or hard or soft and so on. Different horses suit different conditions so this is crucial to prices.
Grand
A grand is one thousand pounds sterling (£1,000 GBP).
H
Handicap Race
Common in horse racing, handicap races see horses carry different weights in order to encourage closer competition. Better horses carry heavier weights. In other sports such as football or darts you can bet on teams or players to get results with handicaps included in the odds. So you can bet on a team to win by more than two goals or a darts player to win by more than two legs, for example.
Heinz – a combination bet similar to a Lucky 63 but excluding the six singles, meaning a total of 57 bets – just like Heinz’ 57 varieties.
I
In-Play Betting – betting in-play means placing wagers during the game, after kick-off. Markets are available in-play that are not available pre-match.
L
Lines
Odds and handicap values offered by bookmakers to customers.
Longshot
A selection with long odds to win. A unfancied horse, an underdog or an outsider in a race or competition can be called a longshot.
Lucky 15
A Lucky 15 is a bet said to have been invented by Betfred that works a little like an accumulator and involves four selections. It is 15 bets in one and covers all selections, ranging from four singles on each selection, all six possible doubles, four trebles, and one fourfold acca.
Lucky 31
As above but with five selections and thus a total of 31 bets. A £1 Lucky 31 costs £31 to place, and whilst any single win will give you a return, you need three or more (usually) to make a profit.
Lucky 63
As above but with six selections and 63 bets in total.
M
Maiden
A rather elegant term to describe a horse which is yet to taste victory in a race.
N
Nailed On
If a selection is regarded as almost certain to win it will be referred to as ‘nailed on’. Similar terms are a ‘sure thing’ and a ‘certainty’.
Non-Runner
A selection which finally does not participate in a race or competition for which it was entered. If your selection is ‘non-runner no bet’ (NRNB) your stake is returned to you.
O
Odds
The price available on a selection for a bet from a bookmaker. When you see the term odds against it means that the price is higher than evens (2/1, 5/2 etc) so a successful bet would win you more than the stake you put down. Odds on, meanwhile, are when the odds are shorter than evens (10/11, 1/2, etc), so your bet has a good chance of being successful but you would make a profit smaller than your stake.
On The Nose
Betting on a horse to ‘win only’, as opposed to backing it each way. Each way means you back the horse to win AND to finish in the paid places (usually 2nd to 4th depending on the type of race) and your stake is split on those two bets. So with each way you put less money on the win, unless you double your stake. On the nose all your stake goes on the win.
P
Picks
Tips given by experts (tipsters) on selections they believe have a good chance of winning or getting results.
Places
When a selection ‘places’ it finishes within the positions that are stated to pay out in the place terms of the race. A small number of runners might mean only the first two finishers place, whereas in a big field down to fifth or sixth might be considered a place finish.
Pony
Another colloquialism for a sum of money. This time it is 25 pounds sterling (£25 GBP).
Price
The odds a bookmaker offers bettors on a selection.
Punter
A customer or bettor. The person placing the bet with the bookmaker.
R
Return
Profit + returned stake in a successful wager.
S
Score
Twenty pounds sterling (£20 GBP).
Selection
The athlete, player, team, individual, greyhound, horse, etc, that the punter has their bet on.
Stake
The amount being put down or placed by the bettor on the bet. Stake units refer to the value of each part of the stake in a multiple bet.
Starting Price (SP)
The final odds on a selection at the point the race starts.
T
Tips
Also referred to as picks, these are predictions shared with the public, or indeed paying punters in some instances, by betting experts. These experts are also called tipsters.
Tote bets
Bets based on a pool, or combined fund of bettors’ stakes. Estimated returns or dividends for successful bets are available beforehand, but the actual amounts to be paid out are only finalised after the race when all the money has been put in.
V
Void Bet
A bet may be voided (which means canceled) for a number of reasons, most commonly if a game is abandoned or postponed or no longer valid for some other reason.
W
Winnings
The amount earned from a successful bet (profit) on top of the returned stake.
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