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Glossary of Terms

Accumulator: Accumulator bets feature a chosen number of selections with the total winnings from the first successful selection being re-invested on to the next selection; this is repeated all the way through the bet until all selections are exhausted.

Ante-Post: This is a bet that is placed on future sporting events. In return for the chance of better odds, an ante post price means you will lose your money if your selection does not take part in the event.

Board-Price: Prices relayed to us from the racecourse during pre race betting.

Combination Tricast: Selecting three or more horses to finish first, second and third in any order.

Computer Tricast: The Tricast dividend for the first three finishers that is generated by a computer based on the Starting Prices of all runners in a race.

Coupled Entry/Horse: One or more selections that have been grouped together for the purposes of betting.

Dead-Heat: Two or more horses finishing equal in a race and are declared joint winners.

Double: This is a bet which consists of one bet involving two selections in different events. Both selections must be successful to get a return.

Doubly-Engaged: Where a selection is entered for more than one race on the same day; most common in horseracing.

Double Result: If your horse is ‘First Past the Post’ you get paid, however, should your horse be awarded the race or promoted to a place, as a result of a stewards’ enquiry or objection which is announced before the ‘weigh in’ or ‘winner alright’, we will still pay you. Double result does not apply in all circumstances.

Each-Way: An each-way bet is a bet made up of two equal stakes. One stake is on your selection to win the event; the other is for the selection to be placed according to the correct place terms available for that event.

Exacta: A bet where you have to predict the first and second placed in the exact order.

Favourite/1ST Favourite/Unnamed Favourite: The most popular horse/team/selection in a race/event which is quoted at the lowest odds because it is deemed to have the best chance of winning the race/event.

2ND Favourite (2F): The second favourite is the selection with the second shortest price in an event because it is deemed to have the second best chance of winning the race/event.

Co-Favourite (CF): This is where three or more selections share the status as favourite (have lowest odds). If there are three co-favourites, the abbreviation will be CF3 (i.e. co-favourites of 3); if there are four co-favourites it will be CF4 (i.e. co-favourites of 4) and so on.

Co 2ND Favourite (C2F): This is where two or more selections share the second shortest price in a race or event. If there are two co-second favourites, the abbreviation will be C2F2; if there are four co-favourites it will be C2F4 and so on.

First Past The Post (FPTP): The result first given by the judge and transmitted by SIS,. In the event of the judge or SIS correcting a result, then the first result given in error will not stand and the revised result will be counted as the actual result.

Forecasts: A bet where you must predict the first and second in a race/event in the exact order.

Jackpot: TOTE bet requiring a selection of horses to win in the selected six races at a pre determined selected meeting.

Joint Favourite (JF): This is when two selections cannot be split for favouritism in terms of which one will win the event. The two selections share the shortest price in an event.

Live Betting: Betting opportunities available after the off time, where prices are constantly updated to reflect the outcome of the event.

Early Prices: Horseracing prices compiled (after the overnight declarations) prior to the compilation of board prices.

Multiple Bet: A bet involving more than one selection.

Non-Runner: A selection in an event originally meant to compete but which has subsequently withdrawn from that said event. If you have placed a single and your selection is marked as a non-runner, your stake will be returned. If you have placed a multiple bet and one or more of your selections are marked as non-runners, your bet will be settled on the remaining selections.

Objection: A complaint by a jockey and/or trainer against another competitor.

Off Time: A pre determined time signalling the beginning of an event and the cessation of betting (other than live betting) on said event.

Placepot: A TOTE bet requiring a selection of horses to be placed in the first six races at a selected meeting. Placepot bets may not be available at all racecourses.

SP (Starting Price): SP odds are official odds calculated by taking the average price available in the betting ring (Members’, Rail and Tattersalls’) on the racecourse shortly before the off.

Tote Returns: Commonly viewed as an alternative to the SP market these are returns from a tote pool (also known as a ‘dividend’). These are calculated by taking the total stake in each pool (after the ‘take-out’) and dividing it by the number of winning tickets. A dividend is declared to a fixed stake, for various win, place and forecast pools.

Quadpot: A tote bet where the aim is to select a placed horse in all 4 Quadpot races at a selected meeting. Quadpot bets may not be available at all racecourses.

Related Contingency: When the same selection is taken to win more than one event where the outcome of one event may obviously or inadvertently influence the outcome of the other. The only bet types available at the current odds are singles and accumulative bets cannot be accepted.

Reverse Exacta: A bet where you have to predict the first two finishers of a race in any order.

Rules Of Racing: Payout only on the official winner, under the ‘Rules of Racing’.

Selection: A horse, greyhound, football team etc. that the customer has chosen for their bet.

Single: A single is one bet on one outcome in one event.

Starter’s Orders: “Under starter’s orders” or “under orders” refer to the call made by the steward signalling the immanent starting of an event. “They’re off” refers to call made by the steward signalling the beginning of said event.

Stewards’ Enquiry: Any enquiry carried out by the stewards into any suspected infringements of the rules applicable to an event during an event.

Straight Tricast: A bet where you have to predict the first three finishers in exact order.

Tattersalls Rule 4: Deduction from payout as a result of a selection(s) being withdrawn. 

Treble: A treble consists of one bet involving three selections in different events. All must be successful to get a return.

Trifecta: A bet where you have to predict the first three finishers in exact order.

Virtual Racing: A computer simulated horse/dog event where betting opportunities can take place, with the result being determined by a random number generator algorithm.

Void: A bet which has been declared as invalid. With the exception of fraud and/or chargeback, the stake is normally returned.

Walkover: An event is determined a “walkover” when only one selection goes to the start of an event.

Weighed In: A “weighed in” signal is passed when the weight of all jockeys has been checked after the race. It is the duty of the clerk of the scales to confirm the jockey weighs approximately the figure allocated to their mounts. After this weigh in signal has been passed the result cannot be changed from a betting point of view.

Win: A stake placed on a selection to win an event.

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