Australian Horse Racing Glossary And Terms

OffTrackBetting.com reserves the right to refuse any wager or terminate an account at any time and for any reason. Once you’ve chosen the payment method you wish to use, you can easily transfer money to and from your accounts using the site’s banking portal. Deposits are instant, but withdrawals, depending on the service, tend to take anywhere from 1-7 days. Our award-winning staff with decades of experience in the online gambling industry compile the most detailed gambling guides and reviews on the internet. Cashing out your winnings at the best online casinos and best sportsbooks should be a seamless experience, as should making deposits and receiving instant withdrawal options. We review all the payment options of all the best gambling sites so you know what is possible and what isn’t before you sign up.

Create Account

A ‘Place’ bet is another simple betting option, and in this situation, you’re backing a selection to achieve a position within the places, often the first 3, though some races have differing place terms. Amongst the most common and most simple bet types, a ‘Single’ consists of backing one selection, whether that’s for the next race or backing a horse antepost for an upcoming festival. Bets based on a pool, or combined fund of bettors’ stakes. Estimated returns or dividends for successful bets are available beforehand, but the actual amounts to be paid out are only finalised after the race when all the money has been put in. Fractional odds allow you to calculate your potential profit not including your stake.

What Are The Different Types Of Sports Bets?

If your handicapping leads you to believe that one team is likely to win but you can be less certain that they will win by as much as the point spread then the moneyline may be attractive. You are sacrificing some potential return because the moneyline won’t pay as much for the favorite as the point spread will, but it’s obviously better to make a small profit than it is to lose a bet. This is particularly attractive in basketball because the favorites can often face large point spreads and teams can win comfortably and effectively without covering the spread.

The Hook ensures that there can be no “push” on a given wager. In NFL wagering, bettors will sometimes “buy” the hook as a means informative post of getting back to the key numbers of 3 and 7 while diminishing the amount of profitable returns. A hedge is an instance where a bettor places a bet on the opposite side of a pre-existing wager. These types of plays are often made in an attempt to minimize losses, although they can also be placed to guarantee a profit or establish a “middle” opportunity.

Plus Or Minus? The Over Or Under? What’s A Moneyline Bet? Breaking Down Sports Betting Terms

Best-price percentage – The inherent advantage a bookmaker holds within a given market. Act (on the ground/on the track etc) – Describes a horse’s suitability for different conditions e.g. going, racecourses etc. If a horse ‘acts on go to these guys soft ground’ it means that horse has shown previous ability to handle soft ground. So I’ve compiled a comprehensivelist of words, phrases, jargon and betting terms you might come across when betting on various sports. A quinella is commonly used in horseracing and is similar to an exacta or perfecta, in that the punter must select the winning two horses. The difference is that the winning two horses can be in any order.

In other words, if you place $120 on that outcome, you will receive a profit of $100. Understanding betting odds and the probabilities they reflect is key to sports betting. In this guide we will take you through the basics of betting odds. For any cancelled or postponed match, any bets struck prior to the scheduled kick-off will be void.

How To Convert Decimal Odds To Fractions

A Point Spread for hockey listed with a line of 1.5 goals either side and the associated odds between the favorite and the underdog. The number that expresses the probability of an event to occur, also referred to as the outcomes ‘Price’. This value is used to calculate the potential return on a wager. When pitchers for a baseball bet must start for the bet to action. When ‘Listed Pitchers’ accompanies a baseball bet, bets will be void/cancelled should one or both of those pitchers not start. A ‘Dead Heat Reduction’ is calculated by dividing the wager amount proportionally between the number of winners in the event.

It’s not required that you use a single; if you have the money to spend and you want better coverage, spend away. But most players like to try and find one race where they have a prime single so they can use more horses in the races where things appear more wide-open. Learning to read a set of past performances isn’t difficult but it’s also something perfected over time. Once you master an understanding of what the data means, you then can move on to determining how much weight you want to give certain factors in making your wagering decisions.

In Terms Of Passing Who Looked Like The Better Qb Last Night?

See the glossary entry under “Hand Rankings” for a breakdown of all the different hand types. It’s called ‘fourth’ because players have been dealt four cards at this stage. Fold –To “fold” means to discard our holding in a scenario where we don’t wish to match the wager made on the current street. See the glossary entry under “Action” for a full breakdown of all the legal options. Equity –Describes the likelihood of a certain hand winning at showdown assuming it doesn’t fold. See the glossary entry for a more detailed breakdown of this concept.

This can be a result of the age or the gender of the horse or the type of jockey . Futures betting can be applied to more than just national championships. It can also be applied to things such as who will win the MVP award or other events that might happen down the line.