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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 United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Northwestern Europe, off the coast of European mainland, the continental mainland. It comprises England, Scotlan .... 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 sele ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gambling
Gambling (also known as betting or gaming) is the wagering of something of Value (economics), value ("the stakes") on a Event (probability theory), random event with the intent of winning something else of value, where instances of strategy (game theory), 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 ... [...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 out bets on sporting and other events at agreed-upon odds In probability theory, odds provide a measure of the probability of a particular outcome. Odds are commonly used in gambling and statistics. For example for an event that is 40% probable, one could say that the odds are or When gambling, o .... History The first bookmaker, Harry Ogden, stood at Newmarket in 1795, although similar activities had existed in other forms earlier in the eighteenth century. Following the Gaming Act 1845, the only gambling allowed in the United Kingdom was at race tracks. The introduction of special excursion trains meant that all classes of society could attend the new racecourses opening across the country. Runners working for bookmakers would collect bets in Clock bag, clock bags. Cash flowed to the bookmakers who employed bodyguards against protection gangs operating within the vast cro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Northwestern Europe, off the coast of European mainland, the continental mainland. It comprises England, Scotland, Wales and Northern Ireland. The UK includes the island of Great Britain, the north-eastern part of the island of Ireland, and most of List of islands of the United Kingdom, the smaller islands within the British Isles, covering . Northern Ireland shares Republic of Ireland–United Kingdom border, a land border with the Republic of Ireland; otherwise, the UK is surrounded by the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea. It maintains sovereignty over the British Overseas Territories, which are located across various oceans and seas globally. The UK had an estimated population of over 68.2 million people in 2023. The capital and largest city of both England and the UK is London. The cities o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Horse Racing
Horse racing is an equestrian performance activity, typically involving two or more horses ridden by jockeys (or sometimes driven without riders) over a set distance for competition. It is one of the most ancient of all sports, as its basic premise – to identify which of two or more horses is the fastest over a set course or distance – has been mostly unchanged since at least classical antiquity. Horse races vary widely in format, and many countries have developed their own particular traditions around the sport. Variations include restricting races to particular breeds, running over obstacles, running over different distances, running on different track surfaces, and running in different gaits. In some races, horses are assigned different weights to carry to reflect differences in ability, a process known as handicapping. While horses are sometimes raced purely for sport, a major part of horse racing's interest and economic importance is in the gambling associated ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Odds
In probability theory, odds provide a measure of the probability of a particular outcome. Odds are commonly used in gambling and statistics. For example for an event that is 40% probable, one could say that the odds are or When gambling, odds are often given as the ratio of the possible net profit ''to'' the possible net loss. However in many situations, you pay the possible loss ("stake" or "wager") up front and, if you win, you are paid the net win plus you also get your stake returned. So wagering 2 at , pays out , which is called When Moneyline odds are quoted as a positive number , it means that a wager pays When Moneyline odds are quoted as a negative number , it means that a wager pays Odds have a simple relationship with probability. When probability is expressed as a number between 0 and 1, the relationships between probability and odds are as follows. Note that if probability is to be expressed as a percentage these probability values should be multiplied ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Association Football
Association football, more commonly known as football or soccer, is a team sport played between two teams of 11 Football player, players who almost exclusively use their feet to propel a Ball (association football), ball around a rectangular field called a Football pitch, pitch. The objective of the game is to Scoring in association football, score more goals than the opposing team by moving the ball beyond the goal line into a rectangular-framed Goal (sport), goal defended by the opposing team. Traditionally, the game has been played over two 45-minute halves, for a total match time of 90 minutes. With an estimated 250 million players active in over 200 countries and territories, it is the world's most popular sport. Association football is played in accordance with the Laws of the Game (association football), Laws of the Game, a set of rules that has been in effect since 1863 and maintained by the International Football Association Board, IFAB since 1886. The game is pla ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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] |
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, tr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ante-post Betting
In horse racing and greyhound racing Greyhound racing is an organized, competitive sport in which greyhounds are raced around an oval track. The sport originates from Hare coursing, coursing. Track racing uses an artificial lure (usually a form of windsock) that travels ahead of th ..., an ante-post bet is a bet placed before the horse/greyhound racing course's betting market has opened, and is made on the expectation that the price of the horse/greyhound is presently more favorable than it will be when the course's market opens. Generally, this includes any bet placed before the day of the race. Ante-post betting, unlike starting price betting, carries the additional risk that the original bet will be forfeited, rather than returned, if the wagered horse fails to run.Hammond (1992), p. 19. The ''ante'' in ante-post is derived from the Latin ''ante'' (meaning "before"), but the ''post'' is not the Latin ''post'' (meaning "after"). Instead, it is derived from the nineteenth cent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Exacta
Parimutuel betting, or pool betting, is a betting system in which all bets of a particular type are placed together in a pool; taxes and the ''house-take'', or ''vigorish'', are deducted, and payoff odds are calculated by sharing the pool among all winning bets. In some countries it is known as the tote after the totalisator, which calculates and displays bets already made. The parimutuel system is used in gambling on horse racing, greyhound racing, jai alai, and other sporting events of relatively short duration in which participants finish in a ranked order. A modified parimutuel system is also used in some lottery games. Definition Parimutuel betting differs from fixed-odds betting in that the final payout is not determined until the pool is closed — in fixed-odds betting, the payout is agreed at the time the bet is made. Parimutuel gambling is frequently state-regulated, and it is offered in many places where gambling is otherwise illegal. Parimutuel gambling is often ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trifecta
Trifecta A trifecta is a parimutuel bet placed on a horse race in which the bettor must predict which horses will finish first, second, and third, in the exact order. Known as a trifecta in the US and Australia, this is known as a tricast in the UK, a tierce in Hong Kong, a triactor in Canada and a tiercé in France. A trio, offered in Hong Kong and France, is a variation in which the order of the horses is not relevant. Variations Boxed A "boxed" trifecta is where three horses are selected, and the player wins if these three horses finish first in any order. Boxed bets are effectively equivalent to placing standard trifecta bets on all six possible outcomes of the selected horses. For example, a boxed trifecta of horses numbered 6, 7 and 9, wins if horses finish in any of these combinations of outcomes: * 6, 7, 9 * 6, 9, 7 * 7, 6, 9 * 7, 9, 6 * 9, 6, 7 * 9, 7, 6. Banker One horse (the "banker") is chosen to win the race, and two or more selections are boxed to come sec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
