Betting Glossary of Terms

jargon Betting Glossary of TermsHalf the battle of placing a bet, is understanding what the various terms mean, so if you don’t understand the difference between an arb and a Yankee, our glossary is the place for you!

Accumulator / Acca
An accumulator is where you place several bets, all of which must win for you to succeed. This obviously offers a higher return than a straight bet.

Arbitrage / Arb
An arbitrage is where you back all possible outcomes of a match. This takes advantage of the bookmakers not always agreeing on the outcome and offering different odds. By studying these differences, it is possible to bet on both outcomes, and come away with a profit no matter what the outcome.

Back
Putting a bet on a team, a horse or similar, is to back them.

Betting Exchange
Betting exchanges allows punters to offer their own odds on an outcome, for other punters to take. This enables ordinary folk to play the part of the bookies. There can be good profits to be made this way, but of course things don’t always go to plan and there could be huge losses to be made too. You must be very careful before using a Betting Exchange.

Double
You need to bet on 2 different selections from different events in order to be successful.

Each Way
A each way bet consists of 2 bets, one a bet ‘To Win’ and the other a ‘Place’ bet, where they must come in 1st, 2nd or 3rd (and occasionally depending on the size of the field 4th/5th).

Forecast
A forecast bet is where you have to name the first and second horse (in the correct order) for a race.

Lay
The Exchanges allow the possibility for you to back the loser in an event, instead of the winner.

Odds On (Favourite)
A bet where the odds are less than evens.

Single
A single bet on a single outcome.

Treble
Is where you bet on 3 different selections from different events, all of which must be successful for you to win the bet.

Trixie
A Trixie consists of four bets on three selections in different events i.e. 3 doubles and 1 treble. Two or more selections must be successful to have a return.

Yankee
A Yankee consists of eleven bets on four selections in different events i.e. 6 doubles, 4 trebles and 1 fourfold accumulator. Two or more selections must be successful to have a return.