Betting Glossary A  Z 

A guide to the basic jargon and slang of racing. 





Term 
Explanation 
PCTBT 








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




Back That Up 
When someone wants an exacta with the position of the runners reversed. 
$2 EX 8/ 457 

BackWheel 
Typically this is an exacta with all in the first position and a runner or runners in the second position. 
$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. 
5$ EX 6/ ALL 



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. 




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




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. 
5$ EX 6/ 123 



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

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. 










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 1^{st} through 3^{rd} or 1^{st }through 4^{th}, 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 parimutuel system. 




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
















Odds offered to the bettor. 


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




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






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 parimutuel 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. 
$1 TRI KY 4/ 238 



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. 






Reverse 
An exacta bet that consists of two wagers. The second wager has the same legs as the first but their positions are reversed. 
$4 EX 8/ 457 



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. 
$1 TRI 3/ 167/ 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. 




Take out 
Money deducted from each parimutuel pool for track revenue and taxes. The track keeps it, similar to a fee charged to each bettor. It is part of the parimutuel 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. 
$1 TRI 3/ 167/ 167 

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




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. 
$2 EX 4/ 126 









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. 
$1 EX 8/ ALL 

With The Field 
Picking one or more runners in one leg of an exotic wager and all of the runners in another leg. 
$1 TRI BOX 48/ ALL 















Zero 
The value of most betting systems and tips! 





