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Best for UK, European & most nations:

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The glossary of Betting Terms

Search the menu below:

Do a 'Ctrl F' search on this page as a fast way to find the betting term you want explained.

Single Bets

What is a Win Bet?

What is a Place Bet?

What is a Show Bet?

What is a Single Bet?

What is an each-way bet?

Place Terms

What are place terms?

How are place terms decided for UK horse racing?

What if I bet Each-Way and the event becomes Win Only?

Multiple bets

What is a double?

What is a treble?

What is an accumulator (or acca)?

What is a parlay?

What is a Teaser bet?

What is a Patent or Twist?

What is a Trixie?

What is a Yankee?

What is a Lucky 15?

What is a Super Yankee?

What is a Lucky 31?

What is a Heinz?

What is a Lucky 63?

What is a Super Heinz?

What is a Goliath?

Scoop 6 Explained?

Forecasts:
What is a forecast?

What is a straight forecast?

What is a computer straight forecast or CSF?

What is a reverse forecast?

What is a combination forecast?

What is a tricast?

What is a combination tricast?

Types of betting odds

What is a Starting Price or SP bet?

What  are live shows or Board Prices?

What are Early Prices?

What is Fixed Odds betting?

What is Ante-Post betting?

What is Futures betting?

What is Tote betting?

What is Pool betting?

What is Pari-Mutuel betting?

Rule 4

What is Rule 4?

Can Rule 4 apply to anything other than horse or dog racing?

Dead-Heats

What are the Dead-Heat rules?

Other types of betting

Betting Exchanges explained? 

A Win Bet is best explained by example: You may place £10 (or $10) on a selection with odds of 5/1 (shown as 6.0 in decimal betting odds display) and you would receive £60 (or $60) back if it won. This is 5 x stake of 10 = 50 + your 10 stake returned.

In this example of 5/1 betting odds, the ‘5’ is what you would win to your ‘1’ stake. So a stake of 1 would win 5 and then you would also get your stake back. Hence 6 (5 winnings + 1 stake, hence 5/1) would be returned to you.

What is a Single Bet?

A ‘single’ is a ‘win bet’ or an ‘each-way bet’. These bet types are known as singles purely because they are not ‘multiple bets' and they are not place bets.