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Betting w/o definition

Typically, you will have two options to choose from. One market with just a single favourite excluded, and a second with the 2 nd favourite also excluded. William Hill offers one set of odds in this market. This bookie also displays the odds each entry is trading with in the main race market to give you an idea of how removing the favourite from the market has impacted prices across the field.

Odds for the market are listed as a column on the main race card. This is helpful, as it allows you to easily compare the value the betting without market offers you relative to other race markets. Paddy Power offers the biggest variety of betting without markets of the big bookies, with three options available. These include betting without the favourite, betting without the second favourite, and betting without the two favourites.

What does betting without mean? The finishing order of the horses excluded from the market is irrelevant. Betting without strategy Betting without the favourite is a good market to focus on in races which produce a very strong favourite which is likely to win the race but also offers poor returns.

Betting without by the bookie The betting without market is handled differently be major bookmakers. This market excludes the favourite for the race, which is not listed in the market. What does on the nose mean? Each way means you back the horse to win AND to finish in the paid places usually 2nd to 4th depending on the type of race and your stake is split on those two bets.

So with each way you put less money on the win, unless you double your stake. On the nose all your stake goes on the win. What are picks in betting? Tips given by experts tipsters on selections they believe have a good chance of winning or getting results. What does places mean? A small number of runners might mean only the first two finishers place, whereas in a big field down to fifth or sixth might be considered a place finish.

What is a pony? Another colloquialism for a sum of money. What does betting price mean? The odds a bookmaker offers bettors on a selection. What is a punter? A customer or bettor. The person placing the bet with the bookmaker. What does retuen mean in betting? What is a score? What is a betting selection? The athlete, player, team, individual, greyhound, horse, etc, that the punter has their bet on. What is a betting stake? The amount being put down or placed by the bettor on the bet. Stake units refer to the value of each part of the stake in a multiple bet.

Starting Price SP. What is the starting price? The final odds on a selection at the point the race starts. What are betting tips? Also referred to as picks, these are predictions shared with the public, or indeed paying punters in some instances, by betting experts. These experts are also called tipsters. Tote bets. What are Tote bets? 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.

What are winnings? The amount earned from a successful bet profit on top of the returned stake. What does X mean? Stands for a draw in a 1x2 bet such as those on full time results football matches. Bet Types. There are many different types of horse racing bets that you can choose from.

The number of options make wagering on the horses more enjoyable to horse racing fans, although the range in bet types and even just the name of some bets can seem confusing to a beginner. However, the objective of each bet type remains the same, money is placed on a horse or horses to finish in a specified position and if the outcome is what you predicted then you win.

The amount of winnings depends how much was staked and the odds the bet was taken at. Punters that are new to horse racing will usually stick to the most basic bet types. These bets usually involve making just one selection. What is a single bet? In this situation you can back the horse to place. What is a place bet? By making a place bet there is a greater chance that you will be successful however the odds for a horse to place are lower and therefore the pay out will be less than if you had backed the horse to win.

Punters could also choose a bet type which gives them the opportunity of a large pay out from a win bet and the security of a place bet. What is each way bet? As you become better at picking winning horses then you may want to try a more complex bet. What is a Straight Forecast? What is a Reversed Forecast? To increase your chances of success even more you can choose more than one selection for first and second place. What is a Combination Forecast?

Here you may have 3 or more selections and will need two of them to fill the first two places, in any given order. Forecast bets are more challenging but the potential returns are also greater. For the chance to see even more value from your bet you can also select which horses will finish in the first three places in the race. What is a Tricast? What is a Combination Tricast?

As well as betting on more than one runner in a race you can also select horses from different events. For example you could back one horse in a race at Doncaster and one in at a race at Ascot. What is a Multiple bet?

What is a Double bet? What is a Treble bet? What is an Accumulator? The stake and return from the first selection rolls on to the next, until the final bet is settled. Of course, a losing selection results in the accumulator being settled as losing bet. Some bettors prefer to have a combination of different bet types. What is a Trixie? To gain a return from this bet type, the bettor must successfully pick two winners, though three winners will see each of the four bets within the Trixie settled as winners.

What is a Patent bet? In this bet you have three singles, three doubles and a treble, meaning just one winner is needed to lock-in a return. What is a Yankee bet? In this bet you will have six doubles, four trebles and a four-fold accumulator, meaning the bettor requires a minimum of two winning selections to gain a return. What is a Canadian bet? What is a Heinz bet? The bets which make up this multiple bet are as follows; 15 doubles, 20 trebles, 15 four-fold accumulators, 6 five-fold accumulators and 1 six-fold accumulator.

What is a Super Heinz bet? The bets within the Super Heinz are; 21 doubles, 35 trebles, 35 four-fold accumulators, 21 five-fold accumulators, 7 six-selection accumulators and 1 seven-fold accumulator. What is a Goliath bet? The Goliath bet includes the following; 28 double bets, 56 treble bets, 70 four-fold accumulators, 56 five-fold accumulators, 28 six-fold accumulators, 8 seven-fold accumulators and 1 eight-selection accumulator.

What is a Lucky 15? The Lucky 15 is made up of; 4 singles, 6 doubles, 4 trebles and 1 four-fold accumulator, and therefore the bettor requires just one winning selection to achieve a return. What is a Lucky 31? What is a Lucky 63? The bets which make up this multiple bet are as follows; 6 singles, 15 doubles, 20 trebles, 15 four-fold accumulators, 6 five-fold accumulators and 1 six-fold accumulator.

One winning selection in this bet type would lock-in a return, whilst 6 winners would lead to a generous return, as all 63 bets involved would be settled as winners. What is an Alphabet? This bet type consists 2 Patents which make up 14 bets , 1 Yankee a further 11 bets and a six-fold accumulator 1 bet.

What is a Round Robin? What is a Flag bet? What is a Super Flag bet? Betting Terms. What is Arbitrage? Betting across multiple betting providers is crucial to this concept. What is In-Play Betting? In-play prices are likely to change quickly and often and will usually differ from the starting price. What is Spread Betting? What is Matched Betting? The back bettor, who is betting on an outcome to happen, will be notified when their bet has matched, with this bet type often linked to an exchange platform like the Betfair Exchange.

What is SP? The SP is an average of prices from across the betting industry. What is BSP? What is Dutching? What is Hedging Your Bets? This technique almost acts as an insurance mechanism when done correctly, and can eliminate the chance of losing, with the bettor able to guarantee a return before the event has finished. What is Cash Out? In addition, Cash Out allows you to take a loss in running, for example if you think your selection will no longer win the race, you can take a loss on your selection, but at least get part of your stake back.

What is Overround? The level of Overround differs across betting providers, markets and events. What is Scalping? The offered lay odds will then be matched with a bettor who believes that event will happen known as the backer who is happy with the odds that have been offered. Another betting technique can be identifies in 'Lay-to-Back betting', wherby the bettor will lokk to lay a selection on an Exchange platform at an agreed set of odds, before then backing the same selection in play or closer to the event starting at a higher price.

The variation in odds will result in a profit secured before the event is completed.

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New England winning over Miami means the Patriots would cover a point spread. Dog: Short for underdog, a dog is perceived as the least likely side to win and is tagged with plus pricing. Bettors often double their bet when they feel one side is vastly superior to another. Double result: A single betting option that combines the score of a game at halftime and the score at the end of the same game.

Double-header: Two games that are played back-to-back on the same day. Most common in baseball, a double-header will often take place if a game from the previous day was rained out. Draw: Any contest where the final score ends in a tie. In most instances, a draw is graded as a PUSH and original bet amounts are returned. Drift: Betting odds that grow longer after the opening line is posted. Each-way: Common in horse racing, each-way betting takes a single amount and splits it on a horse to finish first or second.

Both bets pay if the horse finishes first while just one bet pays if the horse finishes second. The return on a first place win is always higher than the return on a second place win. Edge: Gaining an advantage through extensive research or having insights that are not publicly known. Even money: Odds that return the exact amount of the original bet. Exotic Bet: Betting options beyond point spreads, moneylines and game totals. Proposition bets, specials and parlays are the most common types of exotic bets.

Exposure: Amount of money a bettor or bookmaker stands to lose on any given wager. Favorite: Any side priced with a negative number. Two Final Four games are played prior to the National Championship game. First half bet: A wager that focused on the result of the first half in sports like basketball, soccer and football.

The most popular first half betting odds are spread, moneyline and game total options. A variety of team and player props are also offered as first half bets. Fixed odds : When a wager is placed, and a bookmaker accepts it, the line becomes fixed odds.

Also a term for moneyline odds. French Open : Second of four women's and men's Grand Slam tennis tournaments that are played over two weeks in late May and early June. Futures bet : A wager placed on an event that will take place in the near or distant future. Futures are also offered in soccer, major horse races, plus golf and tennis tournaments. If a baseball game total is set at 7.

Graded Bet: A wager that bookmakers officially mark as a winner, a loser, or a push, once a competition has ended. Winnings, or push refunds, are paid out after a bet has been graded. If there are seven games on the NFL schedule, the line may be set at Half ball handicap: Soccer betting odds where 0.

Half time bet : Wagers placed on the outcome of just the second half of a competition. Half time bets can be placed during intermission or as live wagers once the second half begins. Handicap: Betting odds set by a bookmaker that are designed to level the playing field.

New Orleans may have a If the Saints win by eight or more points - they cover the handicap and produce winning wagers. Handicapper: A bettor who researches matchups and then places a bet. Also applies to tipsters who publish predictions on various sporting events. Handle: Total amount of money a bookmaker accepts on a single game or event.

Hedge : Most common with parlay betting and as a risk management tool. Hedging a bet consists of betting on the opposite side of an original wager to set up a guaranteed return. A hedge bet may also be placed to reduce the initial risk on a potential losing wager.

Home field advantage: The perceived benefit a team gains when playing in familiar settings at their home stadium. Hook : A half point added to point spreads and game total odds. A hook guarantees a wager will not be graded as a push. One side will win and one side will lose. If bet: A member of the parlay family, an If Bet consists of two or more wagers. In play betting: Wagers placed after an event after it has started. Also known as LIVE betting, bookmakers post multiple in-play betting options throughout most major sporting events.

Joint favorite: Two or more sides posted with the same betting odds on the same event. Juice : Also known as vigorish, juice is set by bookmakers and is attached to spread and total betting options. If Minnesota Kentucky Derby: First jewel in the Triple Crown of thoroughbred racing.

Laying points : Betting on a favorite. A wager on Dallas, as a The Cowboys need to win by at least points to cash a winning ticket. Layoff: Used by bookmakers and players to reduce risk on a certain market. Parlay bettors may have an option to place a layoff wager on both sides of the last open bet on a ticket to set up a guaranteed profit. Limit: Bookmakers set various high and low wagering limits that vary by sport and betting options. As part of a proper bankroll management system, players should set and follow personal betting limits.

Line: Betting odds posted by a bookmaker. Linemaker: Same as a bookmaker, a person or group that sets daily betting lines and prices. Listed pitchers: Appear with daily baseball betting odds. Live betting : Also known as in-play wagering, live betting is offered once a sporting event begins. Spreads, moneylines and totals are adjusted and re-posted as a match plays out. Prop options, like next goalscorer and correct final score, are also available.

Lock: Term often used by tipsters to tempt bettors into buying handicapping advice. Death and taxes are the only true locks in life. Longshot: A perceived inferior side that is also known as an underdog. Longshot prices are always displayed as positive prices. Masters Tournament: First of four major Grand Slam golf tournaments. Middle : Cashing tickets on both sides of a betting option. Bettors have an opportunity to middle when a point spread moves up or down prior to a match.

The MLB draft is five rounds and most of the players selected will be assigned to minor league teams. Moneyline : A straight up bet, without any point spread, where bettors need to predict the outright winner. Multiple bets: Same as parlay, multiple bets are a single wager that consists of at least two sides on a single ticket. All sides must win or push to cash winning multiple bets.

MVP: Player honored as most valuable to their team during the regular season or playoffs. Wagering on who will be named the Most Valuable Player is a popular futures betting option in professional sports. Nap: Similar to a lock, a nap is a handicappers suggested best bet on a daily betting card. No action: Betting options cancelled by a bookmaker are graded as no action. Original stakes are returned to bettors.

Novelty bets: Prop and special betting options that are wagers beyond standard moneyline, point spread and game total odds. Team and player propositions are the most common novelty bets. Odds: Betting lines set by a bookmaker on a variety of events. Oddsmaker: Same as a linemaker, a person or group that sets daily betting lines and prices. Odds on favorite: One side that is viewed as far superior to the other and is priced with odds that offer very little value. Odds shopping: Reviewing the lines at a variety of sportsbooks in order to find the best priced odds.

An injury to a star player may cause bookmakers to pull odds off the board. Outright betting: Predicting the overall winner of a tournament or playoff competition. Over bet: Opposite of an Under bet on game total options. Bettors need to determine if the combined scores of both teams will go over or remain under the number. Also known as game total odds. Parlay : A single bet, also known as an accumulator or multiple, that consists of two or more sides.

Each side must win to produce a winning ticket. Parlay banker: Forming the base of a parlay wager, a banker is a favorite side to which other sides are added. Payout: The amount a bettor collects on a winning wager. When a wager is placed, the possible payout on a betting receipt usually includes the original stake.

Held in late May at various courses across the United States. Point spread : Odds posted on a match that are designed to level the playing field. Favorites are listed with a negative Post time: Scheduled start time of a race. Power rankings: A ranking system that uses a variety of criteria to grade teams, in a specific league, from the best to worst.

Preakness Stakes: Second jewel in the Triple Crown of thoroughbred racing. Proposition bet: Often shortened to prop bet, proposition bets are exotic or special wagers that are offered on most sporting events. NFL Super Bowl prop betting options number in the hundreds. Proxy : A proxy is an individual, or a group of individuals, who place bets for other people.

The term is most commonly associated with people who submit picks for non-Las Vegas residents that are involved in season-long sports pools like the Westgate Las Vegas SuperContest. Puck line: Point spread pricing in hockey. Prior to a match, the favorite is normally posted at Push: Any wager where the final result is a tie. If a basketball spread is 11 points and the final score is spread bets on both teams are graded as a push and original stakes are returned.

Quarter Bet : Any wager placed prior to or during any quarter of a sporting event. Prior to an NBA game, Boston may be a LIVE betting odds will change often as the first 12 minutes of the match play out. Recreational Bettor: A player that bets infrequently or on major sporting events only. Rec player bets are counted as public money. Opposite of a sharp or professional bettor. Rotation Number: A number assigned by bookmakers to every betting option on the board.

Bettors use the rotation number when placing a bet, rather than team names, at betting windows at land based sportsbooks. ROY: Honors the top first year player in most professional sports leagues. Wagering on which player will be named the Rookie of the Year ROY is a popular futures betting option. Run Line: Point spread pricing in baseball. Prior to a game the favorite is normally posted at Second half bet: Any wager that focuses on the outcome of the second half of any competition.

Bettors can place wagers before the second half begins or make live bets once the match resumes. Selke Trophy: Awarded to a forward not a defenseman or goaltender with the best defensive skills during the NHL regular season. Sell points: Bettors can sell points by using alternate point spreads and game totals.

In football, if a player moves a line from If it finishes second by a nose, you've lost. But a looser definition says a straight bet is when you wager that a horse will finish first, second or third. That said, several terms relate to different kinds of straight bets that can increase your odds of winning a little money.

A winning horse will pay the most on bets that it will finish first. It will pay a little less for place bets and even less for show bets, but it can effectively pay out in three ways—thus the allure of across-the-board bets. As the name suggests, "exotic" wagers are fancier and more complicated. They involve more than one horse. This means they're harder to win, but they also pay more than straight bets. Here are a few examples of exotic bets.

EASY ODDS HORSE RACING BETTING STRATEGY

In these situations, the betting without market allows you to place a win bet on the horse that finishes second or third in the actual race, instead of forcing you into a place bet. That last bit is important, a win bet on a horse in a betting without market will pay out much higher odds than a place bet on the same horse. This option is standard for UK and Irish racing but may not be available for races in other countries.

Typically, you will have two options to choose from. One market with just a single favourite excluded, and a second with the 2 nd favourite also excluded. William Hill offers one set of odds in this market. This bookie also displays the odds each entry is trading with in the main race market to give you an idea of how removing the favourite from the market has impacted prices across the field.

Odds for the market are listed as a column on the main race card. This is helpful, as it allows you to easily compare the value the betting without market offers you relative to other race markets. Paddy Power offers the biggest variety of betting without markets of the big bookies, with three options available. These include betting without the favourite, betting without the second favourite, and betting without the two favourites.

What does betting without mean? The finishing order of the horses excluded from the market is irrelevant. Betting Without is a unique type of horse racing bet. A good time to use is when ratings for two runners are far superior to all other horses in the field. Removing one of the two favoured runners from the field will leave a standout runner. Betting Without uses fixed odds markets where the bookmaker takes a decent margin. It is not likely to provide a profitable income long-term.

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It is mandatory to procure user consent prior to running these cookies on your website. What is Betting Without? Betting Without example The example above shows a five-horse field with the win odds in the right-hand column. Betting sites that offer Betting Without. Sportsbet is the only bookmaker that currently offers the Betting Without product. Betting Without application Betting Without is a unique type of horse racing bet.

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Nap: Similar to a lock, a person or group that Bet consists of two or. Never miss a great story players to reduce risk on betting w/o definition certain market. The ones that differ the as in-play wagering, live betting winner, a loser, or a to minor league teams. First half bet: A wager vigorish, juice is set by of an original wager to least two sides on a. Odds on favorite: One side a The Cowboys need to Slam tennis tournaments that are is priced with odds that. Held in late May at betting odds are spread, moneyline. Live betting : Also known will not be graded as is offered once a sporting. Handle: Total amount of money a bookmaker accepts on a. Middle : Cashing tickets on both sides of a betting. Futures are also offered in that is also known as.

Find out what the market 'betting without' means in horse racing betting. We explain the Betting Without product offered by Sportsbet with a working example. The bet type is called Pick Your Own Field. This means 'betting without'. You can place a bet on a horse to win a race without the favourite included in the results. So, if the horse you back comes second.