SPORT RULES

BETTING TERMS GLOSSARY

A


Abandoned: The status of an event when it has been discontinued due to any outside interference.


Ante-post: Bets placed prior to overnight declarations. Most common on huge Horse Racing events like The Grand National and Cheltenham Festival.


Asian Handicap: Asian handicap offers a potentially less risky type of bet compared to traditional "win-draw-win" style betting. If an opponent is considered superior to another, the weaker side is given an advantage, which is added to the result that is actually achieved. An Asian handicap includes two components: the handicap line, which refers to the term of the bet, and the moneyline, which is the payout offered on each team for the given handicap line - to a unit stake of one.


Handicap Types Explained:


Handicap 0 - You win if your chosen team wins the match. If the match is a draw you are refunded your stake.

Handicap 0, +0.5 - You win if your chosen team wins the match. If the match is a draw, your bet is split in half - one half is considered a win, the other half is considered a draw and its stakes are refunded.

Handicap +0.5 - Your bet wins if your chosen team draws or wins the match.

Handicap +0.5, +1 - You win if your chosen team wins or draws the match. If your team loses with a one goal difference, you lose 50% of the amount staked.

Handicap +1 - You win if your chosen team wins or draws the match. If it loses with a one goal difference, you are refunded your stake.

Handicap +1, +1.5 - You win if your chosen team wins or draws the match. If your team loses with a one goal difference, your bet is split in half - one half is considered a win, the other half is considered a draw and its stake is refunded.

Handicap +1.5 - You win if your chosen team wins, draws or loses the match with a one goal difference.

Handicap +1.5, +2 - You win if your chosen team wins, draws or loses the match with a one goal difference. If it loses with a two goal difference, you lose 50% of your stake.

Handicap +2 - You win if your chosen team wins, draws or loses the match with a one goal difference. If your team loses with a two goal difference, you are refunded your stake.

Handicap +2, +2.5 - You win if your chosen team wins, draws or loses the match with a one goal difference. If your team loses with a two goal difference your bet is split in half - one half is considered a win, the other half is considered a draw and its stake is refunded.

Handicap +2.5 - You win if your chosen team wins, draws or loses the match with a goal difference of less than three.

Handicap 0, -0.5 - You win if your chosen team wins the match with a goal difference of one or more. If your team draws, you lose 50% of the stake.

Handicap -0.5 - You win if your chosen team wins the match.

Handicap -0.5, -1 - You win if your chosen team wins the match with a goal difference of two or more. If your team wins with one goal your bet is split in half - one half is considered a win, the other half is considered a draw and its stake is refunded.

Handicap -1 - You win if your chosen team wins the match with a goal difference of two or more. If your team wins with a one goal difference, you are refunded your stake.

Handicap -1, -1.5 - You win if your chosen team wins the match with a goal difference of two or more. If your team wins with just a one goal difference, you lose 50% of your stake.

Handicap -1.5 - You win if your chosen team wins the match with a goal difference of two or more.

Handicap -1.5, -2 - You win if your chosen team wins the match with a goal difference of three or more. If your team wins with a two goal difference, your bet is split in half - one half is considered a win, the other half is considered a draw and its stake is refunded.

Handicap -2 - You win if your chosen team wins the match with a goal difference of three or more. If your team wins with a two goal difference, you are refunded your stake.

Handicap -2, -2.5 - You win if your chosen team wins the match with a goal difference of three or more. If your team wins with a two goal difference, you lose 50% of your stake.

Handicap -2.5 - You win if your chosen team wins the match with a goal difference of three or more.

B


Board Price: The latest odds on the day of the race, from the racecourse where the race is being staged and are compiled as an average of the prices of the racecourse bookmakers.


Best Odds Guaranteed: Place your bet on early price and if SP is higher, you will be paid out at the higher odds. Commonly offered for Horse Racing. Not yet available to Winner


Bet Types:

 

Single: A bet with one selection. One bet. Selection must be successful to get a return.

Double: A bet with two selections. One bet. All selections must be successful to get a return. Winnings from each selection go onto next selection.

Treble:  A bet with three selections. One bet. All selections must be successful to get a return. Winnings from each selection go onto next selection.

Accumulator: A bet with four or more selections. One bet. All selections must be successful to get a return. Winnings from each selection go onto next selection.

Full Cover/Multiple Bet: A bet that includes all possible multiple bet types, including doubles, trebles and accumulators, for a given number of selections.

 

Bet types offered by Winner:

 

Singles Line Bets

 

Name Symbol Selections Bets
Single SGL 1 1
Double DBL 2 1
Treble TBL 3 1
Accumulator ACC4 to 25 4 to 25 1

 

Bet Types (Full Cover)

 

Name Symbol selections Bets
Trixie TRX 3 4
Patent* PAT 3 7
Yankee YAN 4 11
Lucky 15* L15 4 15
Canadian CAN 5 26
Lucky 31* L31 5 31
Heinz HNZ 6 57
Lucky 63* L63 6 63
Super Heinz SHNZ 7 120
Goliath GOL 8 247

 

*Patent, Lucky 15/31/63 bets contain singles, meaning one winning selection will guarantee a return, all other bet types consist of doubles and upwards requiring a minimum of 2 winnings selections to guarantee a return.


C


Co-favourite:  A horse that shares having the shortest price with at least two other horses.


Combination Forecast:  This bet involves 3 or more selections in a race, with any 2 to finish 1st and 2nd in any order. The number of bets (straight forecasts) can be calculated with the following formula: No. of Selections x Preceding number


Combination Tricast: This bet involves 3 or more selections in a race finishing first, second and third in any order. To calculate the number of bets in a Combination Tricast (CTC) the formula is:

Number of selections x 2 preceding numbers 

 

D


Dead-heat: A tie between two or more selections for first place, or for one of the other finishing positions. In the event of a dead-heat for first place, the stake is equally divided amongst the winning selections.


Declared (runner): A horse confirmed to start in a race at the final declarations stage.


Distance (Horse Racing): The maximum distance per race is 12 lengths for flat races, 30 lengths for national hunt races (including national hunt flat races). Official winning distances are calculated as follows:

 

Dead Heat 0
Nose 0.05
Short Head 0.1
Head 0.2
Neck 0.3
1/2 length 0.5
3/4 length 0.75
1 length 1.0

 

E


Each-way: A bet that consists of 2 bets on the same selection where half the total stake is placed on the selection to win and half is placed on the selection to place. Place terms vary dependent on event and number of entrants.


Early Price: Unique price offered by Winner 24 or 48 hours before the day of the race.


Evens/Even money: A price of 1-1. When your stake brings equal winnings e.g. £10 staked at evens wins £10 (total return £20).


F


Favourite: The horse with the shortest odds in the race.


Fixed-odds betting: Staking a set amount to win a set amount by multiplying the stake by the odds.


Fixture: The race meeting.


Forecast: A bet where the aim is to select both the winner and runner-up in a race. A straight forecast is the winner and runner-up in the correct order. A reverse forecast is the winner and runner-up in either order.


H


Handicap (Horse Racing): A race where each horse is allotted a different weight to carry, according to the official handicap ratings determined by the BHA Handicappers.


Handicap (Betting Market): A spread that needs to be overcome by the chosen selection.


I


IBAS/Independent Arbitration Betting Service: An arbitration service that deals with betting disputes between punters and bookmakers.


J


Joint-favourite: Where more than one selection share the shortest odds. If three or more horses share the shortest odds, they are co-favourites.


L


Late bet: A bet placed when an outcome has already been established. Late bets will be voided and the customer's stake will be returned to the customer's Sports account.


Longshot: A selection with high odds.


N


Non-runner: A horse that was originally meant to run but for some reason has been withdrawn from the race. Dependent on the time of withdrawal and the price of selection a rule 4 deduction may apply.


O


Outright: Betting opportunity on the outcome of an entire league or competition


Overnight declarations: Horses entered for a race must be ‘declared to run'. The final declaration is made 24 hours before a National Hunt race and 48 Hours before a flat race - horses left in a race at this stage are known as ‘overnight declarations' and they comprise the final field for each race which appears on the day of the race in newspapers and in race cards.


P


Palpable error: A term commonly used in the gambling industry where the odds offered are materially different from those available in the general market or, at the time the bet is placed, are clearly incorrect given the probability of the event occurring.


Bets placed on a palpable error will be voided and the stake placed will be returned to the customer's Sports account.


Punter: A person who gambles or lays a bet.


R


Rule 4: Deductions from winning bets in the event of any withdrawn runner(s) from a race. The rule applies to winning bets struck at prices (e.g. morning prices) laid before a withdrawal (other than ante-post bets, which are unaffected by Rule 4 (c)) and to starting-price bets where, after a late withdrawal, there is insufficient time to re-form the market. The rate of deductions is in proportion to the odds of the non-runner(s) at the time of the withdrawal


Reverse Forecast: A bet where the aim is to select both the winner and runner-up in a race in either order.


S


Settlement: All bets placed on Winner are to be settled as Win, Lose, or Void after an official result has been published.


Bets are generally settled as soon as a winning market has been established unless we encounter issues with feed or with the system.


Starting Price: Often abbreviated to SP. The starting price (SP) is the price that is available for a selection at the time the race starts. SP is the final price returned and the price your bet will be settled at if no price had been taken on a bet.


Straight forecast: A bet picking the first and second in a race in the exact order of finish.


T


Tricast: commonly used in horse and greyhound racing and refers to a punter selecting three horses or greyhounds to win 1st, 2nd and 3rd place.


W


Walkover: A race involving only one horse. Considered as winner by default but the horse and the jockey must cross the finish line to be declared as the winner. 
 

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