Selections are updated before 12 noon each day.
Search
Exact matches only
Search in title
Search in content
Search in comments
Search in excerpt
Filter by Custom Post Type
Posts
Pages
Products

Betting glossary.

Betting glossary.

Accumulator

An Accumulator is a bet consisting of 4 or more selections taking part in different events. All selections must win for you to make a profit, with the return from each selection being carried forward to provide the stake for the next selection. This compounding effect can be used to generate a large potential return, although it is correspondingly more difficult to win.

Double

A Double is a bet consisting of 2 selections taking part in different events. The return from the first selection is carried forward to provide the stake for the second selection; therefore both selections must win for you to make a profit.

Lucky 15

A Lucky 15 consists of 4 selections taking part in different events, which are combined to produce 15 bets comprising a 4-Fold Accumulator, permed Trebles (4), permed Doubles (6), and a Single for each selection. This bet is the same as a Yap, but with a bonus applied if all selections win, and a consolation applied if only one selection wins. All selections must run for a bonus or consolation to apply. The bonuses and consolations offered by different bookmakers vary, although it is common for a 10% bonus to be applied to the return if all selections win, with a consolation of the odds being doubled if only one selection wins. Some bookmakers will only apply the bonus to the winnings, but this may be more than offset by a higher bonus percentage and/or better odds. Bonuses and consolations normally only apply to the win part of each way bets, but you may find a bookmaker that applies them to both win and place. Many bookmakers will only apply a bonus or consolation to a Lucky 15 consisting entirely of horse racing and/or greyhound selections (excluding Ante-post). Some bookmakers will also apply bonuses to other sports bets, but they are usually restricted to certain markets, and other conditions may apply. Various factors therefore need to be taken into account when deciding which bookmaker is offering the best deal on Lucky 15.

Lucky 31

A Lucky 31 consists of 5 selections taking part in different events, which are combined to produce 31 bets comprising a 5-Fold Accumulator, permed 4-Folds (5), permed Trebles (10), permed Doubles (10), and a Single for each selection. A bonus is applied if all selections win, and a consolation is applied if only one selection wins. All selections must run for a bonus or consolation to apply. The bonuses and consolations offered by different bookmakers vary, although it is common for a 20% bonus to be applied to the return if all selections win, with a consolation of the odds being doubled if only one selection wins. A small number of bookmakers also offer a bonus if 4 out of the 5 selections win. Some bookmakers will only apply the bonus to the winnings, but this may be more than offset by a higher bonus percentage and/or better odds. Bonuses and consolations normally only apply to the win part of each way bets, but you may find a bookmaker that applies them to both win and place. Many bookmakers will only apply a bonus or consolation to a Lucky 31 consisting entirely of horse racing and/or greyhound selections (excluding Ante-post). Some bookmakers will also apply bonuses to other sports bets, but they are usually restricted to certain markets, and other conditions may apply. Various factors therefore need to be taken into account when deciding which bookmaker is offering the best deal on Lucky 31.

Lucky 63

A Lucky 63 consists of 6 selections taking part in different events, which are combined to produce 63 bets comprising a 6-Fold Accumulator, permed 5-Folds (6), permed 4-Folds (15), permed Trebles (20), permed Doubles (15), and a Single for each selection. A bonus is applied if all selections win, and a consolation is applied if only one selection wins. All selections must run for a bonus or consolation to apply. The bonuses and consolations offered by different bookmakers vary, although it is common for a 25% bonus to be applied to the return if all selections win, with a consolation of the odds being doubled if only one selection wins. Some bookmakers also offer a bonus if 5 out of the 6 selections win. Bookmakers will only apply the bonus to the winnings, but this may be more than offset by a higher bonus percentage and/or better odds. Bonuses and consolations normally only apply to the win part of each way bets, but you may find a bookmaker that applies them to both win and place. Many bookmakers will only apply a bonus or consolation to a Lucky 63 consisting entirely of horse racing and/or greyhound selections (excluding Ante-post). Some bookmakers will also apply bonuses to other sports bets, but they are usually restricted to certain markets, and other conditions may apply. Various factors therefore need to be taken into account when deciding which bookmaker is offering the best deal on Lucky 63.

Single

A Single is a bet consisting of 1 selection which must win for you to make a profit.

Treble

A Treble is a bet consisting of 3 selections taking part in different events. The return from the first selection is carried forward to provide the stake for the second selection, and the return from the second selection is carried forward to provide the stake for the third selection. All 3 selections must win for you to make a profit.

Trixie

A Trixie consists of 3 selections taking part in different events, which are combined to produce 4 bets comprising a Treble and permed Doubles (3).

Yankee

A Yankee consists of 4 selections taking part in different events, which are combined to produce 11 bets comprising a 4-Fold Accumulator, permed Trebles (4) and permed Doubles (6). If all selections win, some bookmakers will apply a bonus to the return (or the winnings – depending on the bookmaker’s rules), but this isn’t common practice.

Betting Terms.

Dead Heat

A dead heat is where two or more participants in an event can not be separated, and thereby finish in the same position. A dead heat will often affect the return on a bet, with a proportion of the stake being lost, to reflect the number of other participants involved in the dead heat. For example, if a bet contains a selection that is involved in a dead heat with one other participant, that bet selection will be settled to only half the stake. For each way bets, a dead heat for a place will be settled to the full stake, as long as the inclusion of all dead heat participants wouldn’t otherwise exceed the number of places. For example, if two participants are involved in a dead heat for second, when there are three places, the stake is not affected.

Each Way

Each way can be applied to any type of bet to indicate that both win and place should be covered. Consequently there are twice the number of bets, with a corresponding increase in the total stake. The place is usually settled separately to the win, so if no selections win, a return can still be made as long as sufficient selections are placed. The increased likelihood of a selection being placed means that the odds are reduced in accordance with the place terms.

Favourite

The favourite is the participant regarded as the most likely winner, and as a consequence has the lowest odds.

Joint Favorite

Two participants equally regarded as the most likely winners of an event are referred to as joint favourites; the odds are the same for both participants.

Non-Runner

A non-runner is a selection that is withdrawn before the start of an event. Non-runners are treated as void selections, unless ante-post rules apply. Bets containing more than one selection automatically adjust to cater for void selections, so that any Doubles containing the selection are effectively treated as Single, any Trebles are treated as Doubles, and so on.

Odds/Price

The odds/Price represent what a bookmaker believes to be the likelihood of a participant winning an event. Odds can be expressed as either a fraction, decimal, or American moneyline value. If a participant in an event has odds of 2/1 (read as ‘2 to 1’) when expressed as a fraction, then if it wins, the return is calculated as double the stake plus the original stake amount. The same odds expressed as a decimal value are 3.0, which is simply multiplied by the stake to calculate the same return. The equivalent American odds of +200, represents the amount you would win for a stake of 100 (i.e. win $200 for a $100 stake).

Place

A place represents the first few finishing positions for an event; where the number of positions may vary according to the number of participants. For example, with horse racing a place is not available if there are less than 5 runners and will be settled as all up to win, but for 5 to 7 runners there are 2 places, for 8 or more runners there are 3 places, and for handicap races of 16 or more runners there are 4 places.

Place Terms

The place terms specify the number of positions qualifying for a place, along with the proportion of the win odds paid out on a placed participant. For example, 3 places at 1/4 odds.

Profit

The profit is simply the return minus the total stake, which if negative indicates a loss.

Return

The return is the amount paid out on a bet, including the stake for winning and void bets.

Rule 4

Tattersalls rule 4c, commonly abbreviated to rule 4, concerns the deduction applied to the odds of winning and placed selections, when a non-runner is declared in the same race, except where ante-post rules apply. The stake on the non-runner is still returned, but bets placed before the market has been reformed following the non-runner declaration, are subject to a deduction based on the price of the non-runner at the time it was withdrawn. Multiple non-runners may require multiple rule 4 deductions to be applied, although the maximum deduction may not exceed 90%.

Tattersalls Rule 4c Deductions
Price of non-runner Deduction from winnings
1/9 or shorter 90%
2/11 to 2/17 85%
1/4 to 1/5 80%
3/10 to 2/7 75%
2/5 to 1/3 70%
8/15 to 4/9 65%
8/13 to 4/7 60%
4/5 to 4/6 55%
20/21 to 5/6 50%
Evens to 6/5 45%
5/4 to 6/4 40%
8/5 to 7/4 35%
9/5 to 9/4 30%
12/5 to 3/1 25%
16/5 to 4/1 20%
9/2 to 11/2 15%
6/1 to 9/1 10%
10/1 to 14/1 5%
Over 14/1 No deduction

Selection

A selection is a participant you believe has a chance of winning an event, which you may have combined with other selections to form a bet.

Stake

A stake is an amount of money wagered on a particular outcome – see unit stake and total stake.

Total Stake

The total stake is the amount of money invested on all bets, and is calculated simply by multiplying the unit stake by the number of bets.

Void

Void is used to describe a selection or bet that is no longer valid, for which the stake is returned. There are a number of reasons why a selection may be declared void, including an event being abandoned or not taking place on the scheduled date, or a horse being withdrawn from a race before coming under starter’s orders (unless ante-post rules apply).

Winnings

The winnings is the return minus the stake.

Back to Top
Racing Value