admin What does Ante Post Betting mean? Betting in advance of the race itself. This happens most often before major races.
What does the expression ‘Bar’ mean? Excludes horses for which a price is quoted e.g ’6/1 bar two’ means that odds of 6/1 or better are available for all horses except the first two in the betting.
How do I bet on more than one race?
You can have a Double when you have a bet on two different races, win or each way. The winnings from the first race are placed on the second race. Trebles are bets on three races and bets on four or more races are Accumulators.
Peer-to-peer betting, the precursor to a betting exchange, was first released in the UK by Flutter.com in May 2000. Soon after, UK-based Betfair launched what it originally called “open-market betting”, in June 2000 – a name which was quickly changed, by the media and the associated industry, to “betting exchange”. Betfair embraced an exchange model, but it took a year before Flutter adopted a similar technology.
Though Flutter managed to climb to a reported 30% market share, Flutter’s backers were content to broker a merger which left Betfair the dominant partner by a reported ratio of 84:16. Post merger, Flutter’s customers were transferred to Betfair’s system, which was later upgraded to embrace some of Flutter’s functionality. Betfair has maintained from that point a dominant marketshare and controls a reported 90% of global exchange activity today.
As with other types of exchanges, betting exchanges thrive on liquidity and customers tend to focus on the exchange where they are confident their bet can be paired up with a matching counterbet. Breaking with British tradition, Betfair uses decimal odds instead of fractional (traditional) odds because they are more popular globally
When do each way bets get paid out for fourth place position?
When you bet in a handicap race which has 16 or more runners.
What does Evens or Even Money refer to?
When the stake and the winnings are identical e.g. if your stake is £5 at evens you win a further £5.
What is a Nap?
A tipster’s main bet selection at a given meeting.
When is a bet Odds on?
When the winnings are less than the stake e.g. if you bet £2 at 2-1 on you win £1.
What does Rule 4 refer to?
The betting rule which covers deductions from winning bets if a horse is withdrawn after the betting has been set up but before the horses go under starter’s orders. The amount of the deduction depends on the price of the withdrawn horse.
What is a Starting Price or SP?
The official price of a horse at which bets are settled in betting shops.
What is the Tote?
Short for the Horserace Totalisator Baord. Tote betting is available at every racecourse. All money bet on horses in a race goes into a ‘pot’ or ‘pool’ and following the race, this pool is shared out amongst all those who have placed winning bets. All profits from the Tote go back into racing. For the various types of bet which the Tote offers see our Types of bet section.
What is a Yankee?
A combination bet of four selections in different races: six doubles, four trebles and one four-horse accumulator – eleven bets in all.
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