Betting Glossary

Acceptances
At certain stages leading up to the day of a race, owners and trainers have to decide whether or not to let their horses compete in the race. These are known as acceptance or declaration stages and every race has one five days prior to the race and another on the day before the race.

Accumulator
If you want to win big money for a relatively small stake, ‘accumulator’ bets are very popular.
Accumulators feature a chosen number of selections with the total winnings from the first successful selection being re-invested on to the next selection, this is repeated all the way through the bet and winnings can accumulate in to a large return.

Across the Board (US)This is a bet of equal stakes on each outcome, where win, place and show pools are offered,

Action (US)
This is where a bet or wager of any kind is deemed ‘Action’ if valid. Different rules apply in different sports in determining if a bet is ‘action’ or ‘no action’ (e.g. baseball bets are action when the game gets beyond 4 innings).

Ajax
A UK Slang term for Betting tax (see ‘beeswax’)

All-In
With all-in betting, if your selection is withdrawn, you lose your stake.

All Weather Racing
This is Flat racing which takes place on a artificial surface.

Also Ran
If your selection does not finish first, second, third or fourth in a race it is considered to be an ‘also ran’.

Ante Post
This is a bet that is placed on future major sporting events, usually prior to the day of the event itself. In return for the chance of better odds, an Ante Post price means you will lose your money if your selection does not take part in the event.

Any To Come (ATC)
This is a term used to describe when the whole or part of returns from one wager are automatically reinvested on a subsequent bet.

Arbitrage
This is where a variation in odds available allows a punter to back both sides and guarantee a win.

Backed
When a lot of money is taken on one particular selection, it is said that this selection has been ‘heavily backed’.

Banker
This would be your strongest selection; a ‘sure thing’. For example, “Manchester United beating Bradford is a banker”. Bankers will usually form the base of combinations and accumulators and they must win for the bet to be successful.

Bankroll
These are the funds available to a ‘punter’.

Bar Price
This refers to the odds of selections at the last quoted price and bigger. For example, in a large field. The Premiership outright markets may read Manchester United 2/1, Arsenal 7/2, Liverpool 4/1, Leeds 5/1, 8/1 Bar – meaning every other side is quoted at 8/1 or bigger.

Baseball (US)This is a daily horse racing double, in which a punter couples a horse in one race with all horses in the other (is also known as “wheeling”).

Beard (US)
This is a contact (friend or acquaintance) who places bets for a punter who wants to hide their identity from bookmakers.

Betting Forecast
These are the odds for a race as predicted by the Daily Newspapers.

Bettor (US)
This is someone who has a bet. A “punter” in the UK.

Blanket Finish
This is a close finish involving several horses; when horses finish so close together that ‘a blanket could cover them.’

Blind Bet
This is a bet made by a racetrack Bookmaker to draw other Bookmakers’ attention away from his sizeable betting on another horse, avoiding a shortening of the odds on the other horse.

Blinkers
Horses that are easily distracted while racing are normally fitted with blinkers, this prevents them from seeing anything other than the Racecourse ahead of them.

Board/Show Price
This is the price, relayed by S.I.S from the racecourse. You can, if required, usually ‘take’ this price and it will remain the price your selection finishes at, regardless of the final Starting Price. (Can be subject to a Tattersalls Rule 4.)

Book
This is a Bookmaker’s tally of amounts bet on each competitor, and odds necessary to ensure profit.

Bookmaker
This is a person who is licensed to accept bets, also known as a ‘Bookie’. William Hill have built a reputation as one of the World’s leading Bookmakers with over 65 years experience.

Bottle
This is the slang term for the price of 2-1.

Breakage (US)
This is the difference between true pari-mutuel odds and lesser, rounded amounts given to winning punters. The substantial residues go to the racetracks and controlling State authorities.

Bridge-Jumper (US)
This is a punter who specializes in large show bets on odd-on favourites.

Buck (US)
This is a bet of $100 USD (also known as a “dollar bet”).

Bumper Races
These are Flat races run under National Hunt rules.

Burlington Bertie
This is the slang term for the price of 100-30.

Buy Price
In Spread or Index betting, this is the higher figure quoted by an Index bookmaker.

Buy the Rack (US)
This is to purchase every possible daily-double or other combination ticket.