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Each-way
An each-way bet is a wager offered by bookmakers consisting of two separate bets: a win bet and a place bet. For the win part of the bet to give a return, the selection must win, or finish first, in the event. For the place part of the bet to give a return, the selection must either win or finish in one of the predetermined places for the event, such as first place or second place. The odds paid on the place part of the bet are usually a fraction (commonly , , or ) of the win odds. The trade-off being that one has a greater chance of making one's bet in trade for getting less payoff for doing so. Examples are domestic football knockout competitions (e.g. FA Cup) where the quoted place terms may be . In horse racing in the United Kingdom, the "place" is set strictly by the Jockey Club and will depend on the size of the field (that is, how many horses are running) so that the "place" may be just 1st and 2nd, 1st 2nd and 3rd, or even 1st 2nd 3rd or 4th on a big race like the Grand ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Glossary Of Bets Offered By UK Bookmakers
This is a non-exhaustive list of traditional and popular bets offered by bookmakers in the United Kingdom. The 'multiple-selection' bets in particular are most often associated with horse racing selections but since the advent of fixed-odds betting on football matches some punters use these traditional combination bets for football selections as well. Types of bet Win :A bet that produces a return only if the selection comes first in an event (i.e. wins). A win bet may be placed on a single event. Place :A bet that produces a return only if the selection finishes first or within a predetermined number of positions (places) of the winner of an event. The return is often based on a fixed proportion of the win odds of the selection. Each-way :A combination of win and place bets of equal size. Each-way bets may be placed on a single event or on two or more selections in a multiple bet. Each-way multiple bets are settled on a win-to-win and place-to-place basis. Single :A bet on a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mathematics Of Bookmaking
In gambling parlance, making a book is the practice of laying bets on the various possible outcomes of a single event. The phrase originates from the practice of recording such wagers in a hard-bound ledger (the 'book') and gives the English language the term bookmaker for the person laying the bets and thus 'making the book'. Sidney 2003, pp. 13, 36 Making a 'book' (and the notion of overround) A bookmaker strives to accept bets on the outcome of an event in the right proportions in order to make a profit regardless of which outcome prevails. See Dutch book and coherence (philosophical gambling strategy). This is achieved primarily by adjusting what are determined to be the true odds of the various outcomes of an event in a downward fashion (i.e. the bookmaker will pay out using his actual odds, an amount which is less than the true odds would have paid, thus ensuring a profit). The odds quoted for a particular event may be fixed but are more likely to fluctuate in or ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gambling
Gambling (also known as betting or gaming) is the wagering of something of value ("the stakes") on a random event with the intent of winning something else of value, where instances of strategy are discounted. Gambling thus requires three elements to be present: consideration (an amount wagered), risk (chance), and a prize. The outcome of the wager is often immediate, such as a single roll of dice, a spin of a roulette wheel, or a horse crossing the finish line, but longer time frames are also common, allowing wagers on the outcome of a future sports contest or even an entire sports season. The term "gaming" in this context typically refers to instances in which the activity has been specifically permitted by law. The two words are not mutually exclusive; ''i.e.'', a "gaming" company offers (legal) "gambling" activities to the public and may be regulated by one of many gaming control boards, for example, the Nevada Gaming Control Board. However, this distinction is not u ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bookmaker
A bookmaker, bookie, or turf accountant is an organization or a person that accepts and pays off bets on sporting and other events at agreed-upon odds. History The first bookmaker, Ogden, stood at Newmarket in 1795. Range of events Bookmakers in many countries focus on accepting bets on professional sports, especially horse racing and association football or Indian Premier League cricket. However, a wider range of bets, including on political elections, awards ceremonies such as the Oscars, and novelty bets are accepted by bookmakers in some countries. Operational procedures By "adjusting the odds" in their favour (paying out amounts using odds that are less than what they determined to be the true odds) or by having a point spread, bookmakers aim to guarantee a profit by achieving a 'balanced book', either by getting an equal number of bets for each possible outcome or (when they are offering odds) by getting the amounts wagered on each outcome to reflect the odds. W ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
FA Cup
The Football Association Challenge Cup, more commonly known as the FA Cup, is an annual knockout football competition in men's domestic English football. First played during the 1871–72 season, it is the oldest national football competition in the world. It is organised by and named after The Football Association (The FA). Since 2015, it has been known as The Emirates FA Cup after its headline sponsor. A concurrent women's tournament is also held, the Women's FA Cup. The competition is open to all eligible clubs down to Level 9 of the English football league system with Level 10 clubs acting as stand-ins in the event of non-entries from above. Included in the competition are 20 professional clubs in the Premier League (level 1), 72 professional clubs in the English Football League (levels 2 to 4), and all clubs in steps 1–5 of the National League System (levels 5 to 9) as well as a tiny number of step 6 clubs acting as stand-ins for non-entries above. A record ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jockey Club
The Jockey Club is the largest commercial horse racing organisation in the United Kingdom. It owns 15 of Britain's famous racecourses, including Aintree, Cheltenham, Epsom Downs and both the Rowley Mile and July Course in Newmarket, amongst other horse racing assets such as the National Stud, and the property and land management company, Jockey Club Estates. The registered charity Racing Welfare is also a company limited by guarantee with the Jockey Club being the sole member. As it is governed by Royal Charter, all profits it makes are reinvested back into the sport. Formerly the regulator for the sport, the Jockey Club's responsibilities were transferred to the Horseracing Regulatory Authority (now the British Horseracing Authority) in 2006. History The Jockey Club has long been thought to have been founded in 1750 – a year recognised by the club itself in its own records. Some claim it was created earlier, in the 1720s, while others suggest it may have existed in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Grand National
The Grand National is a National Hunt horse race held annually at Aintree Racecourse in Liverpool, England. First run in 1839, it is a handicap steeplechase over an official distance of about 4 miles and 2½ furlongs (), with horses jumping 30 fences over two laps.''British Racing and Racecourses'' () by Marion Rose Halpenny – Page 167 It is the most valuable jump race in Europe, with a prize fund of £1 million in 2017. An event that is prominent in British culture, the race is popular amongst many people who do not normally watch or bet on horse racing at other times of the year. The course over which the race is run features much larger fences than those found on conventional National Hunt tracks. Many of these fences, particularly Becher's Brook, The Chair and the Canal Turn, have become famous in their own right and, combined with the distance of the event, create what h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Handicap (horse Racing)
A handicap race in horse racing is a race in which horses carry different weights, allocated by the handicapper. A better horse will carry a heavier weight, to give it a disadvantage when racing against slower horses. The skill in betting on a handicap race lies in predicting which horse can overcome its handicap. Although most handicap races are run for older, less valuable horses, this is not true in all cases; some great races are handicaps, such as the Grand National steeplechase in England and the Melbourne Cup in Australia. In the United States over 30 handicap races are classified as Grade I, the top level of the North American grading system. Handicapping in action In a horse handicap race (sometimes called just "handicap"), each horse must carry a specified weight called the impost, assigned by the racing secretary or steward based on factors such as past performances, so as to equalize the chances of the competitors. To supplement the combined weight of jockey and sad ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Full Cover Bet
A full cover bet is any bet which consists of all available multiple bets over a given number of selections. Examples of full cover bets: * '' Trixie'' - three selections * ''Yankee'' - four selections * '' Canadian or Super Yankee'' - five selections * '' Heinz'' - six selections * '' Super Heinz'' - seven selections * ''Goliath'' - eight selections Examples of full cover bets with singles included: * ''Patent'' - three selections * '' Lucky 15'' - four selections * '' Lucky 31'' - five selections * '' Lucky 63'' - six selections The ''Lucky'' bets are so named because of the bookmaker's practice of offering bonuses for one or more winning selections; most common of which is 'double the odds' for one winner. The offering of a percentage increase in winnings for the success of two or more selections in these ''Lucky'' bets is primarily to compensate for the compounding of the overround when two or more events with individual overrounds on their books are combined in doubles, tre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parlay (gambling)
A parlay, accumulator (or acca), combo bet or multi is a single bet that links together two or more individual wagers and is dependent on all of those wagers winning together. The benefit of the parlay is that there are much higher pay-offs than placing each individual bet separately since the likelihood of hitting all of them at once is much less. If any of the bets in the parlay lose, the entire parlay loses. If any of the plays in the parlay ties, or "pushes", the parlay reverts to a lower number of teams with the odds reducing accordingly. Although a variety of bets can be used to build a parlay bet, correlated parlays are usually not allowed at betting sites. Correlated parlays are two or more bets from the same game that rely on a closely related outcome. Sportsbooks restrict this action because closely related bets can lead to bigger payouts in the chance of a win, which means a more substantial loss for the sportsbook. Odds and payout Parlay bets are paid out at odds h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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