Betting Glossary A - Z

A guide to the basic jargon and slang of racing.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

 

 

 

 

Term

Explanation

 

PC-TBT

 

 

 

 

A

 

 

 

Across the Board

A win, place and show bet of equal amounts combined into one single bet.

 

 

B

 

 

Back That Up

When someone wants an exacta with the position of the runners reversed.
"I値l take a $2 exacta 8 with 457, and back that up for a dollar."

 

$2 EX 8/ 457
$1 EX 457/8

Back-Wheel

Typically this is an exacta with all in the first position and a runner or runners in the second position.
"I値l take the 5 in a $2 backwheel."

 

$1 EX ALL/ 5

Both Ways

An exacta bet that consists of two wagers. The second wager has the same legs as the first but their positions are reversed.
"I値l take an exacta, 6 with all. Give me $5 on it both ways."

 

5$ EX 6/ ALL
5$ EX ALL/ 6

C

 

 

Chalk

Betting favorite.

 

 

Close

When betting on a race ends, the tellers close their windows, and the pools are "closed" to new bets. The gate usually opens a few seconds later and the race starts.

 

 

D

 

 

Dead Heat

Where two or more runners finish tied. They can tie for first, second, third, or forth.

 

 

E

 

 

Each Way

An exacta bet that consists of two wagers. The second wager has the same legs as the first but their positions are reversed.
"I値l take an exacta 6 with 123. Give me $5 on it each way."

 

5$ EX 6/ 123
5$ EX 123/6

F

 

 

Favorite

The competitor considered most likely to win and therefore has the shortest or lowest odds.

 

 

First & Second

When someone asks for a trifecta or superfecta and keys one runner over a group of other runners. The bettor also wants the key runner in the second position, with the same group of runners filling out the remaining positions.
"Give me a trifecta. I値l take the 7 first and second with the 356."

 

$1 TRI 7/ 356/ 356
$1 TRI 356/ 7/ 356

First, Second, & Third

When someone asks for a trifecta or superfecta and keys one runner over a group of other runners. The bettor also wants the key runner in the second position, with the same group of runners filling out the remaining positions, and the key runner in the third position, with the same group of runners filling out the remaining positions.
"Give me a trifecta. I値l take the 7 first, second, and third with the 356."

 

$1 TRI 7/ 356/ 356
$1 TRI 356/ 7/ 356
$1 TRI 356/ 356/ 7

Futures

Morning Lines offered days or months in advance of big races. Unlike other morning lines, bettors can make win bets using them. If a horse improves after the futures are set then the live odds on the runner should be lower at race time, while the bettor would keep their bet at the higher odds. However, if the runner is scratched before the race starts there is no refund.

 

 

G

 

 

 

 

 

 

H

 

 

Handle

Total sum bet on a race, in one day, one week, a month, or some other period. Could also mean total bet by one bettor or group of bettors.

 

 

Hit The Board

When a runner finishes so that it痴 results are displayed on the tote board. This can mean 1st through 3rd or 1st through 4th, depending upon how many positions the tote board displays.

 

 

Hole

The post position that a dog starts from. The "hole" in the starting box.

 

 

House

A casino or its operators. Horse and dog racing has no house. All bets are made under a pari-mutuel system.

 

 

I

 

 

In the Money

Describes the runners in a race that finish 1st, 2nd and 3rd (and sometimes 4th).

 

 

J

 

 

 

 

 

 

K

 

 

 

 

 

 

L

 

 

Line

Odds offered to the bettor.
"What痴 the line on the four dog?"

 

 

Longshot

The runner bettors think is most unlikely to win, usually against which "long odds" have been offered.

 

 

M

 

 

Morning Line

A forecast of probable odds. A local handicapper reviews the race and guesses how the public is likely to bet.

 

 

N

 

 

O

 

 

Odds

Odds are the public痴 opinion of a runner痴 chances to win. The higher the odds the lower the chances.

 

 

Off The Board

A runner so lightly bet that its pari-mutuel odds exceed 99 to 1. Some tracks cap the odds at 99 to 1 or some other figure.

 

 

Over

A synonym for "with." Often people use the term over when they key a runner.
"Give me a $1 trifecta, the 4 over the 238."

 

$1 TRI KY 4/ 238

P

 

 

Place Pick (8, 9, All)

A bet which attempts to predict the winner, or second place finisher, of a set number of races, which can be anywhere from 7 to 10 races.

 

 

Place

The term used to describe a 2nd place finish.

 

 

Pool

Total amount that has been "pooled" from various betting outlets on a single bet type: win, place show, exacta, double, etc.

 

 

Prices

The payouts listed on the tote after a race.

 

 

Pool

Total amount that has been "pooled" from various betting outlets on a single bet type: win, place show, exacta, double, etc.

 

 

Q

 

 

R

 

 

Reverse

An exacta bet that consists of two wagers. The second wager has the same legs as the first but their positions are reversed.
"I値l take a $4 exacta 8 with 457. And give me a $2 reverse on that."

 

$4 EX 8/ 457
$2 EX 457/ 8

S

 

 

Scratch

The withdrawal of a runner from the race.

 

 

Second

"Run him second," or "Put him second," or "I値l take him second too," etc. etc. Means a bettor has called an exacta, trifecta, or superfecta. They keyed one runner over other runners, so the keyed runner is in the first position. Now they want you to enter the same bet, except the keyed runner should now be in the second position.
"A $1 Tri 3 over the 167. . . . Run him second."

 

$1 TRI 3/ 167/ 167
$1 TRI 167/ 3/ 167

Shut Out

What happens to a bettor who gets on the betting line too late and is still waiting in line when the window closes.

 

 

Single

When a bettor makes a multiple race bet, such as a double or a pick 3, and uses only one runner in a leg of the bet. If they had a $5 pick 3 1256/2/all, they would be "singling" the 2 in the second leg.

 

 

T

 

 

Take out

Money deducted from each pari-mutuel pool for track revenue and taxes. The track keeps it, similar to a fee charged to each bettor. It is part of the pari-mutuel pools not returned as winnings.

 

 

Third

"Run him third," or "Put him third," or "I値l take him third too," etc. etc. Means a bettor has called a trifecta or superfecta. They picked one runner over other runners, or between the other runners, so the picked runner is in the first or second position. Now they want you to enter the same bet, except the picked runner should now be in the third position.
"A $1 Tri 3 over the 167. . . . Run him third too."

 

$1 TRI 3/ 167/ 167
$1 TRI 167/ 167/ 3

Tote Board

A racecourse information board that displays approximate odds, betting totals, payout prices and other information.

 

 

U

 

 

Up And Down

When someone wants two exactas. The position of the runners in the second wager is reversed in comparison to the first wager.
"I値l take an exacta. Give me the 4 up and down with the 126 for $2."

 

$2 EX 4/ 126
$2 EX 126/ 4

V

 

 

 

 

 

 

W

 

 

Wheel

A form of betting where the bettor picks one or two runners in one leg and all other runners in the other leg or legs.
"Wheel the 8 in an $1 exacta."
"Wheel the 4 in a $2 double."

 

$1 EX 8/ ALL

$2 DB 4/ ALL

With The Field

Picking one or more runners in one leg of an exotic wager and all of the runners in another leg.
"I値l take a $1 trifecta box, 48 with the field."
 "A $2 exacta 3 over the field."

 

$1 TRI BOX 48/ ALL

$2 EX 3/ ALL.

X

 

 

 

 

 

 

Y

 

 

 

 

 

 

Z

 

 

Zero

The value of most betting systems and tips!