Gambling Horse Racing Terms

At® Price per head we are committed to providing our clients with the best horse racing betting services and as part of our benefits, we would like to provide you with some Horse Racing terms to complement your existing glossary:

Across the Board: This is a combination of the Win, Place, and Show wagers. If the horse wins, the player collects three ways; if second, two ways; and if third, one way, losing the win and place bets.

Back: To have a bet or wager on a horse.

Boxed Bet: Betting all possible combinations in a multi-horse wager such as exacta or trifecta.

Bookmaker: A person registered and licensed to accept bets from the public.

Break: Start of a race.

Breeders’ Cup: Multi-race event held at the end of the year in America to determine the champion horses by divisions. The finale is the featured Breeders Cup Classic which often determines the horse of the year. Millions of dollars are up for grabs in these Breeders Cup races.

Chart: A record of each race showing finish, calls, odds and comments describing the performance of each runner. The chart is considered a useful statistical aid to handicappers for studying the past performance of each racing horse.

Double: Selecting the winners in two specific races.

Exacta: Requires selection of the first two finishers, in order

Favorite: The horse that is considered to have the best chance of winning the race.

Futures: A type of wager made, or lines/odds posted, on an event or outcome that will be determined in the future.

Handicap: Each horse must carry a specified weight called the impost, assigned by the Racing secretary based on factors such as performances, distance so as to equalize the chances of the competitors.

Jockey: The rider of the horse.

Lay: To bet or wager.

Limit: The maximum wager accepted by the house or bookmaker before the odds, points or price will be changed.

Line: Refers to the listed odds, points, money line or point spread for any given event.

Market: List of all horses engaged in a race and their respective odds.

Odds: The chances of a horse to win a particular race based on the pari-mutuel wagering of the general public.

Oddsmaker: A person who sets the horse racing betting odds.

Off Track: An off track refers to a wet racing surface.

On the Board: Finishing among the first four.

On the Nose: Betting a horse to win only.

Parlay: Using the winnings from one bet to place the next bet.

Place bet: Wager on a horse to finishes either first or second.

Purse:  Prize money.

Show: Betting that a horse will come in first, second, or third. Since you’re hedging your bets, you have a higher chance of winning, but the payout for a show bet is substantially less than a win or place wager.

Trifecta (Triple or Tri): Requires selection of the first three finishers in a single race, in order

Triple Crown: Refers to historical races for three-year-olds. In the United States are the Kentucky Derby, Preakness Stakes and Belmont Stakes. In England the 2,000 Guineas, Epsom Derby and St. Leger Stakes, while in Canada are the Queen’s Plate, Prince of Wales Stakes and Breeders’ Stakes.

Underdog: The contestant who is not expected to win.

Wager: Another term for a bet on a horse.

Win: The simplest bet you can make on a horse race. A Win bet is an attempt to predict the horse that will win the race.

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