A risky bet, unless the bettor has a tip or is more sure of something. Another term, although not so common in the US, for the favorite in any game or event. A bookmaker may be accused of ducking when offering shorter odds than any other bookmaker for the same selection. Of course, his reason may be that he has taken a large bet on the horse and it's a 'steamer' in his book. The opposite of a drifter, a Steamer is a horse whose price is being seen as getting shorter. The Bismark, therefore, is a confident prediction that a horse will sink without a trace in a race.

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Paddock – The section of a racecourse where horses are paraded before a race. Official Result – The result on which bets are settled. Off the Top – The commission taken by a bookmaker, often used in pari-mutuel betting. Oaks – Classic flat horse race, one of five held for 3 year old fillies. Normal Time – The conventional length of an event, e.g. 90 minutes in football.

The Betting Terms Betting Exchange

The wager is usually a percentage of bankroll but could also be a fixed dollar amount. Decimal Odds – This is a different way to present odds than Americans are used to. They’re sometimes called “European odds” since this is how odds are listed with European sportsbooks. The math is easier to figure out for most bettors than US moneyline odds. Decimal odds are derived from a simple calculation of the amount bet x odds. A form of placing money on odds offered by a bookmaker.

Once Canadians have their Online Horse Betting In 2021 private account set up, and funded, betting online is quick and easy. This season-long bet is also pretty popular and applies to all sports. If you want to bet the Milwaukee Bucks to win over 57.5 games in the regular season, the sportsbooks have the lines for you.

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The original betting line that is made available by a sportsbook. This line often changes quickly depending on the amounts wagered on each side initially. When a bet is graded as a push or is cancelled, it is considered no action. A bankroll management strategy that has a goal of maximizing profit over a large sample size using mathematical formulas. Someone who disagrees with the consensus on a given sporting event. A game with a lowered limit, which is often the result of an injury or other change in personnel.

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In those cases, betting the moneyline is too obvious, because it is clear that one team will beat the other. That’s when the point spread comes into play, as the oddsmakers will set a line where there is a margin of victory. In a moneyline wager, bettors make bets simply on who will win the game.

As the name suggests, "exotic" wagers are fancier and more complicated. This means they're harder to win, but they also pay more than straight bets. That said, several terms relate to different kinds of straight bets that can increase your odds of winning a little money. Placed my first bet in accounting class my Sophomore year in high school. About 3 years later, I started taking a true interest in betting.

Group races are run on the Flat; Graded races are run over jumps . Go through the card – To have the winner of every race at a race meeting, either as a trainer, jockey, tipster or punter. Double bet – Where a bettor plays twice the amount of a usual bet, normally in reaction to a perceived ‘good thing’. Conditional jockey – A Jump jockey, under 26, who receives a weight allowance for inexperience until he has ridden a certain number of winners. A conditional jockey is licensed to a specific trainer.

This is something you often see in Las Vegas, which is when the bookmaker assigns a number to a bettor. This is when someone adds additional funds to their bookmaker account. Sports that involve quarters, such as ice hockey, will allow for quarter bets on the first , second, third, and final quarter.