If you are new to the betting scene, the many different products that bookmakers offer can be quite daunting. We have compiled a simple glossary of all the different betting terms used along with the different types of bet you can place, from singles to five fold accumulators.
A Win Bet
The bet placed will only generate a return if the selection wins the event outright.
Each Way Bet
An each way bet comprises two separate bets. One bet is on the selection to win, and the other is on the selection to be placed. For example, a customer placing ach way is betting o win, and or a place, total stake The number of places and available odds on offer will be by the relevant bookmaker
Evens / Even Money
These are odds which signify that the winnings will be exactly the same amount as is staked e.g. a winning bet at evens returns (winnings plus stake).
The Odds where the potential winnings are less than the stake e.g. a winning bet at 4-5 returns (winnings plus stake).
The favourite is the shortest priced participant in an event. Where there are two or more favourites, we refer to them as joint favourites.
The available odds are greater than evens e.g. a wining bet at 2-1 returns (winnings plus stake).
Tattersall’s Rule 4
If a selection is withdrawn from an event before its start, any bets placed before the market has been reformed will have their odds amended accordingly. The amendment will be made as an adjustment from all winnings, and this deduction will depend on the price of the withdrawn selection.
SP (Starting Price)
The Starting Prices are the odds of each selection on a horse/greyhound race as declared by the on-course market at the time of the start of the race.
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With A Run (W.A.R)
In certain Ante-Post events, some selections may be quoted ‘with a run’ which means punters will not lose their stake if the selection does not run.