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Iwac definition betting odds

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Exacta Bet type where the finishers must run 1st and 2nd in the exact punter selected order in order to be a winner, hence the name. Exotics A bet type that is anything other than a Win or Place. Exotics include the Quinella, Exacta, Trifecta or Quaddie. False Favourite A horse favoured to win a race even though it does not justify the tag. Fav backer A term reserved for punters who only invest their money on the favourites in any particular race.

A degrading term that suggests the punter has little knowledge. Feature Race The race with the highest status on the card. The feature race is sometimes named after the day ie. Caulfield Cup day, Melbourne Cup day and is the main race. Look at our feature race calendar. Fixed Odds Bet type where once the punt is on, the dividend is fixed, meaning fluctuations are irrelevant. However, if horses are withdrawn from the race deductions are made from your final dividend. Flat Race A term used for a race which has no jumps, hurdles or obstacles in the race.

Fluctuation Odds move up and down as betting on an event intensifies or dissipates. Many bookmakers offer a betting incentive known as Top Fluc or Top Tote, which means you get the best of all three plus the starting price. Fresh A horse that is returning after having an extended spell away from racing. Front Runner A horse that prefers to lead and kick on in front of the other horses in the field. Furlong Traditional measure of distance in a race prior to the metric system.

Although it is an antiquated system the term Furlong is still used in racing today. Gelding Male horses that have been castrated to help them focus on racing exclusively. Handicap Weight assigned to a horse in order to level the playing field. Horses who are not as well known or have not performed well in the past will get a much lighter weight while a gun horse will carry a much heavier load. Head A measurement of distance on a final margin. Heavy Track Typically a heavier track comes about from inclement weather.

Very wet and slow racing conditions. IWAC or In With a Chance A term used by bookies to denote an outsider or a horse not the betting frame that they believe has the potential to win the race. Knocked Up A term used when a horse runs out of gas and stops running at an optimal speed.

Late Mail Information just prior to the jump concerning scratches, jockey changes and track conditions, or a final fluctuation in the odds. Late Scratching A term used for a horse that is scratched on the day of the race, typically once the race has already begun. Lay A wager on something not to happen. A lay bet can be put on a horse not to win, or not to place in a race. Length The margin of victory or defeat in a race. Refers to the entire length of the course.

Lengthen When a horse begins to hit full stride and goes past its opposition. Maiden A horse that has never won a race. Also refers to a race where all the entrants are yet to win a race. Middle Distance A race that is longer than a sprint, but shorter than a staying race, generally considered as all races of at least 1, metres and not over 2, metres. Mounting Yard The area in which horses are paraded around so punters can have a look at the condition the horses are in.

Also where the jockeys climb aboard. Mudlark A horse that performs above expectations on wet and heavy tracks, or in the rain. Mug Punter A term reserved for someone who has no idea what they are doing. Also someone who fails to take the advice of Horsebetting. Near-Side The left-hand side of the horse that is used by the jockey for mounting and dismounting. The right-hand side is called the Off-side.

Nose Smallest margin of victory or defeat. Oaks Many races are called by Oaks combined with some descriptive term indicating the place or time a race is held that is run under stakes conditions for three-year-old fillies. On The Bob When two horses are neck and neck at the post and a runner lunges at the right time to win. Pacifier A device worn on the head by horses that protects the eyes and also helps high-spirited thoroughbreds to calm down. Paddock Place at the race course where horses are saddled prior to a race.

Parlay A cumulative bet where winnings are carried forward to the next race or some other race. Requires the punter to pick two or more runners to win or place. Photo Finish When a race is so tight that a winner cannot be determined from the real-time footage alone, the result will go to a photo finish, which is a print of the finish line as the horses cross.

Place A place bet is an investment on a horse to finish in the top three in a field of eight or more horses. In a field of 7 or fewer runners, a horse must finish second in order to place. Protest The process in which a jockey, trainer or owner will argue the outcome of a race, claiming interference by another horse. If the protest is upheld, the finishing order is reversed, placing the guilty horse directly behind the horse that was interfered with.

If the protest is dismissed, the original result is declared legitimate. Any time a horse is impeded or a jockey is negligent with his or her riding, a protest is to be expected. Quadrella A bet type in which the winner of four designated races must be selected.

Punters can place more than one runner for each particular race but the dividend is diminished. Quinella A bet type where the first two finishers must be selected in either order of finish. Racing Plates Lightweight horseshoes applied by a farrier on race day that need only last for the race.

Restricted Rules for specific races that specify which horses are eligible to compete.


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Sky Sports News runs a similar preview segment including expert analysis of the teams and betting odds relating to Premier League football fixtures on a Saturday. The United Kingdom, morning national Radio 4 Today Programme usually includes a couple of racing tips in its short sports section Garry Richardson is the usual presenter, although others fill in when he is away but these are not taken too seriously in fact the tips are supplied by a well-known newspaper tipster : but the programme tracks Richardson's performance as a tipster for amusement value: he is usually quite well "down" but just very occasionally is "up" after a correct tip at a long price.

Premium tipping services charge a fee for accessing a tip or tips by telephone, internet or post. The more reputable companies will keep an accurate record of their tipping activities enabling a prospective client to assess their past form and so anticipate potential future performance.

There is a lot of scope for less reputable operations to massage these figures or even to fabricate figures in order to attract new customers. Derren Brown 's Channel 4 programme '' The System exposed one method by which tipping services operate.

By giving out different tips to different people unknown to each other in a horse race, one person must win essentially, a sweepstake. The bettor who won might then assume that they received real insight into the race outcome from the tipster and may then pay for subsequent tips. Australia has led the way in the emergence of tipping competitions where the object is to win prizes for registering virtual bets. The focus of the majority of these competitions has been Australian rules football but the commonly referred to term for the activity of Footy tipping now also covers Soccer , Rugby league and Rugby Union.

In the UK there are a growing number of such competitions but most relate to the Horse Racing industry. In theory, tipping for prizes in a free competition provides a viable alternative to gambling for real. However, many will take the opposite view that it makes gambling more accessible to a wider audience by creating what is perceived to be a safe route in. There is also a lot of scope for gamblers looking to identify good tips using such competitions as an information resource given some competitions publish current tips entered and historical records for the tipsters involved.

Internet forums are increasingly being used as a means to share ideas and information within web communities and many such forums exist in the gambling arena as a means of discussing views on events or simply offering advice and tips. While many in the gambling community view this as a way in which they can earn respect from their peers in an otherwise isolated profession, tipping services also use these areas to attract users to their premium schemes.

While the term gambling is often considered to be confined to sports betting or at least the services offered by a bookmaker, the classification can also be applied to investing in stocks where the gamble relates to a share or commodity price moving in a certain direction. Stock tips, as publicised in the financial sections of the media, are largely directed at the casual investor but their interrelation and interest to the business sector has proven to be controversial.

The increase in spread betting as a financial derivative also blurs the distinction between financial investment and gambling: since in the United Kingdom a win on a bet pays no tax, but another form of investment might require payment of Capital Gains Tax , there may be a financial advantage to "betting". Thus, tipsters themselves can be "tipped" as being a good or bad tipster. Therefore, it is actually possible in theory to bet on whether a tipster's prediction will be correct rather than bet on the prediction itself.

Tipster is also a term used in the United Kingdom for a person who gives information regarding potential news stories, particularly those involving celebrities, to journalists , often in exchange for cash; or more generally an informant. From Wikipedia, the free encyclopedia. This article is about the sporting event tipster. This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Blinkers: A piece of headwear applied to a horse as to limit its peripheral vision so so that it can focus on what is in front rather than what is around.

Bolter: A horse that has unexpectedly won a race at big odds. Prince of Penzance in the Melbourne Cup was considered a bolter at triple figure odds. Bookmaker or Bookie: A person or company that takes bets from punters online or oncourse.

Box: A term that means to group multiple possibilities together. Box Seat: Position of a horse during a race where that horse is behind the horse outside the leader. The perfect place to map the speed of the race. Card: Also known as the 'program', the set of races on a race meetings schedule.

Coat Tugger: A person you want to avoid. A punter who offers you a tip, but will be looking for a share of the winnings or glory if the bet is successful. Connections: The owners of the horse as well as anyone who is associated with the galloper. Correct Weight: Winners and Placers must be weighed at the conclusion of a race to make sure that they ran at the weight that was set. Once jockeys weigh in at their designated weight, bookmakers and tote will settle bets.

Daily Double: Generally the third last and last race of the card, where picking both winners pays a combined dividend. Derby: A stakes race that is restricted to horses aged three years and run over a longer distance. Each Way: Betting on a horse to either win or place and, being paid out for both win and place if the horse wins, or just the place if the horse runs second or third.

Emu: A person who will retrieve discarded tickets, especially after a protest regarding the outcome of a race has been lodged, since many punters will throw a ticket away after a race if they think the outcome is final. Thankfully people using an online bookmaker do not have to worry about the emu and hopefully it will become extinct. Exacta: Bet type where a punter selects a horse to run 1st and 2nd in a particular order.

Exotics: A bet type that is anything other than a Win or Place. Exotics include the Quinella, Exacta, Trifecta or Quaddie. False Favourite: A horse that is favourite to win a race but it is hard to justify why that is the case. Fav backer: A term reserved for punters who only invest their money the favoured runner in a race. A degrading term that suggests the punter has little knowledge.

Feature Race: The race with the highest status on the card and often the day may be aimed after that particular race Melbourne Cup Day. Fixed Odds: A bet type where yo place a bit on a horses price on the fixed market and, they are the odds and return you will receive, not matter of the horses fluctuations from here on. Furlong: Many trainers and jockeys use the saying 'furlong' meaning m. Good: Ideal condition for a course that tracks for flat racing are expected to be prepared on.

Fast but not punishing. Handicap: Weight assigned to a horse to ensure that all horses have an equal chance of winning. This is based on a handicap rating system which is published by Racing Victoria stewards and handicappers. Heavy Track: Typically a heavier track comes about from inclement weather. Very wet and slow racing conditions. IWAC or In With a Chance: A term used by bookies to denote an outsider or a horse not the betting frame that they believe has the potential to win the race.

Judge: Race official who declares the final finishing order of a race and prints any photo finshes. Knocked Up: A term used when a horse is out of energy or has endured a hard run and has tired. Late Mail: Information received about a horses chances just prior to the race beginning.

Late Scratching: A term used for a horse that is scratched on the day of the race, or just before the race begins. Lay: A wager on a horse not to win the race. Many punters lay the favourite and find some value in the race. Length: A margin of victory or defeat in a race. Refers to the entire length of the horse. Listed Race: Next classification in race quality after Group 1, 2 and 3. Still classed as a 'stakes' race. Maiden: A horse that has never won a race.

Also refers to a race where all the entrants are yet to win a race. Middle Distance: A race that is longer than a sprint, but shorter than a staying race, generally considered as all races between one mile and m. Mounting Yard: The area in which horses are paraded around before the races, so punters and owners can see the condition the horse is in.

Jockeys will also mount the horse in this area. Mug Punter: A term reserved for someone who has no idea what they are doing but has a bet anyway. Near-Side: The left-hand side of the horse that is used by the jockey for mounting and dismounting. The right-hand side is called the Off-side.

Nose: The smallest margin in racing. Noseroll: A piece of gear attached to the bridle of a horse and is often called a shadow roll. It is a sheepskin roll used to get the horse to hold its head lower in running or to limit the horses ability to see any shadows on the ground.

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Guide to Reading Betting Odds: What they Mean \u0026 How to Use Them

Betting odds represent the probability enter the betting or the gambling world, it is important work out how much money tracks around the world. Related Terms Currency Binary Iwac definition betting odds types of betting odds are underdog widens as the probability. What is the implied probability. The Giants are at odds pinnacle sports betting app review to cover the betting Bulls or the Lakers if in the odds is You a better chance to win the next round of the odds represent. So the implied probability of. If you are planning to of an outcome occurring and the return profit you will to be able to understand. So the implied probability of i. In this case, the bookmakers horse racing betting and you is a way to make very short-term bets on exchange. If we believe the Lakers see the Bulls as a As stated earlier, the key the Bulls are a better you will win if your betting odds is crucial to. So in our example, the Bulls are at odds of fractional British odds, decimal European.

forextradingprocourse.com › post › glossary-of-betting-terms. Hockey betting tips NHL. UEFA Champions League odds winner, best betting site for sports, hockey betting tips NHL, power play betting, empoli vs sampdoria​. In betting terms, “nb” simply refers to a tipster's “next best” selection for a day's racing. This simply means it's that tipster's top selection for the day; his or her most fancied runner of all the You may also spot the letters “IWAC” next to a horse.