Essential Horse Racing Terms For Beginners & Bettors

Parlays are high-risk, high-reward—hit them all or lose it all. Teasers let you tweak the spread in your favor, but with lower payouts. It’s like picking toppings for your pizza, but you only eat if all the toppings show up. Pari-mutuel – System of wagering where all the money is returned to the bettors after deduction of track and state percentages. Handle – Amount of money wagered in the pari-mutuel system on a race, full day of races, or entire racing season at a track. Account wagering – Betting by internet or phone, in which a bettor must open an account and deposit money with which to bet.

With online betting, a person can place bets on a variety of sports and events from anywhere with an internet connection. From horse racing terms for dummies to advanced betting concepts, this glossary is your go-to resource for race day success. Use it to gain confidence, increase your enjoyment, and maybe even improve your odds of winning.

For someone who has never encountered this type of handicap, this explanation may seem very complicated. Still, the truth is that the rules of the Asian Handicap aren’t that hard, and it only takes a few hours to learn them well. If you want to learn more about this type of handicap, we recommend reading our detailed article about the Asian Handicap here – Asian handicap.

Public Money

Their goal is to make the players stay with them and continue betting. Half-Time Bet – A betting market in which you bet on the outcome during the first half-time. This bet can refer to the winner of the first half, the number of goals, or another event. Favorite – This expression denotes a player or team that the sportsbook believes should win a game or match. You’ll find the favorite the easiest by the offered odds, ranging from 1.99 for the early favorite to 1.01 for the absolute favorite.

Exotic Horse Racing Betting Terms

Not only can placing a bet on your favorite player make the game more thrilling, but playing your cards right can potentially result in a profit too. A value bet is when you believe the odds offered by the bookmaker are higher than the true probability of an outcome. A bet slip is the virtual or paper form where you enter your selections, stake, and see your potential winnings before placing a bet. Stake is the amount of money you decide to bet on a particular outcome. For example, if you bet $10 on a team to win, your stake is $10.

Weight, balance, and race decisions make or break their success. These are considered straight bets and are perfect for newcomers looking to start simple. Unseated Rider https://officialparimatch.com/ – The horse throws the jockey but doesn’t fall.In a 2023 jump race at Saratoga, a horse unseated its rider at the start but continued running riderless. Fell – Mostly in jump races, when the horse goes down during a race.In UK steeplechasing, fallers are common in races like the Grand National. Pulled Up – When a jockey stops the horse before finishing due to fatigue or injury.Hot Rod Charlie was pulled up in the 2023 Dubai World Cup after showing signs of distress.

• For example, if the odds are 2.50, you would receive $2.50 for every $1 you bet.
• ChalkThe race favorite, usually with the lowest betting odds.
• Parimutuel Betting All bets go into a pool, then split among winners.
• Front-runner – A horse whose running style is to attempt to get on or near the lead at the start of the race and to continue there as long as possible.

If you decide to deposit with a less well-known betting outfit, do a test run with a small piece of your overall bankroll. (You should get one for free once per month or so.) Watch carefully how it goes. How long did you have to wait before your request was processed?