Horse Racing Betting Terms

You won’t be able to alter the amount you have wagered, though, so be very careful when filling out your betslip. One typo could result in betting more or less than you intended. There are three different ways sports odds are listed/displayed, and you can learn how to read each of them here. The good news is, reading odds isn’t necessary to find what an event will pay out. Every sports-betting site will show you the potential winnings of a bet when you fill out your betslip. You can enter any wager amount, and it will automatically calculate what the return on that bet would be.

Betting The Limit

Parlay – A a bet that combines multiple games for a higher payout. The more games, the higher the risk but the greater the payout. In order for the parlay to win, each game must win or push . True Odds – True odds are the actual odds of an event happening.

What Does ‘going’ Mean In Horse Racing?

Betting In Running or Betting In Play refer to Live Betting where participants bet during the course of a race, match or event. Place a wager on or bet on a selection to get a predicted result. Get the latest sports betting news & VSiN programming updates with this free daily email from VSiN, The Sports Betting Network. Under – The combined score of two teams is less than what the sportsbook set. Over – The combined score of two teams is more than what the sportsbook set. Future bets – A bet on events that will happen further in the future like who will win a division or who will win a championship well in advance.

So, to counteract that imbalance and create “even” matchups, sportsbooks set a spread. The spread is a number of points the favored team has to win by. Point spreads are most common in basketball and football, and you can learn all about spread betting here.

The first bet is risk-free because if they lose then they will be credited with the amount they wagered to their account to be bet in the future with the sportsbook. When you make a moneyline bet on the favored team you must accept worse money odds, known as laying the odds. Consensus pick refers to how the betting public as a group have placed their bets on a game.


Bankroll management is fundamental to a successful sports betting career. is a comparison website that strives to provide fair and safe information in the online betting and gambling world. We receive a commission for the products on offer, but this does not affect our reviews or transparency in any way. A value bet is one where the odds offered by the bookmaker are seen to represent a probability less than the one actually occurring. It is about doing your research whereby you can figure out that the actual odds of something happening are higher than that offered by the bookmaker. Once you place a value bet, you will have an edge over the bookmaker.

What Are Bet Mates?

A bet to show an interest in a different betting line than the mainstream lines offered. Non Runner No Bet – Bet on an ante post market where the stake is returned in the event of a non runner. Our Best Odds Guaranteed article highlights the bookmakers that are best for NRNB markets too, with NRNB used usually for big Racing events like Cheltenham for example. Return is the amount that is returned to you on a placed wager following settlement and results being known.