Horse Racing Terms & Glossary (Part 2)
Added on: Sept. 1, 2015
In the last ‘Horse Racing Terms & Glossary’ article that we wrote, part 1, we discussed terms such as Accumulator, Bookmaker/Bookie, Colt, Double, Each Way, Forecast, Goliath, Heinz, Joint-Favourite, Long Shot and Money Line, which took us from A to M. In this article we will cover even more terms, taking us from N to Z.
Non Runner – This is the name given to a selection that doesn’t end up taking part in a race or event which it has entered in to.
Odds – Most of you should be familiar with the particular term. The odds (also known as the ‘Line’ or the ‘Price’) are the probability of one or more selection(s) winning any particular event. Odds can be displayed at fractional (e.g. 5/1) or as decimals (e.g. 1.89).
Patent – This is the US terms which describes an Accumulator Bet.
Pari-Mutuel – This is a form of betting where those who have backed the first three places will divide the losers’ stakes (minus the operator’s commission).
Point Spread – Also known as the ‘Handicap’ or ‘Line’, this is the start that the favourite gives the underdog.
Push – This is a US term for when the score lands exactly on the spread, also known as a tie.
Return – This is the total amount of cash that you will receive if your bet was successful.
Single – A single bet is when you place a bet on just one selection from one event. To cash in from this type of bet, your selection has to win the event.
Starting Price – The starting prize is calculated after taking the average price available in the betting ring at the race course shortly before the event is scheduled to begin.
Underdog – This term is given to the player, team or animal which is considered by the bookmaker to have the least chance of actually winning the event.
Void Bet – When a bet is declared invalid, it is classed as a void bet and your stake will be returned to you by the bookmaker.
Walk Over – This term is given to an event when only one participant takes part in the race. The single participant must still take part in the event in order to take the event’s prize money.
Yearling – A horse (male or female) that is at least one year old or in its second year.