Tipsters call their best bet their 'nap', to signify the bet they are most confident about. 1-4 runners mean you will only win money if you pick the winner, 5-8 runners mean there are 2 places, 8-15 runners give you 3 places, and handicaps with runners of 16 or more will give you 4 places. It depends on how many runners there are. If your horse wins, you get the win part as well as the place part, but if the horse places you just get the place part.
Whilst the first half to win remains the same, the other place half of your bet is divided by the bookmaker at a fraction of the odds (usually a quarter or a fifth). This increases your chance of getting money back, but means if your horse does win, you win less than if you had just bet ‘on the nose’ (to win). What does each-way or ew mean?Įach-way means you are splitting your bet in half, where one half is all about winning, but the other half is focused on placing (finishing 2 nd, 3 rd, and sometimes 4 th). Unless you took a price before, these are the odds you will be paid out on. It is the starting price - the odds a horse was at before the race began. They are unit of distances smaller than a length, equivalent to the length of the appropriate body part. What does a 'nose', 'neck' or 'head' mean? It is a unit of distance used to measure how far in front one horse is from another. What is a length?Ī ' length' is the length of a racehorse from nose to tail. The horse did not take part in the race, so any bets (apart from ante-post bets) on that horse will be refunded.
#ANOTHER WORD FOR TRACK BETS PLUS#
If you put £5 on a horse at 9/4, you would win £11.25 plus your £5 (£16.25 returned).
If you put £10 on a horse at 5/1, you would win £50 and get back your initial £10 on top (£60 returned). How do I work out how much money I have won?Īlthough most bookmakers provide that information on your slip, you can work out your winnings by dividing the first number by the second and then multiplying by the amount of money you put on. You can work these out by converting them to decimals, simply dividing the first number by the second. 15/8 is slightly smaller than 2/1, whilst 9/4 is slightly bigger and 15/2 is 7.5/1. These fractions are used in racing when /1 is not precise enough. Explaining Horse Racing Betting Terms What is a bookmaker?Ī person or company who accepts your bets on a race day, shortened to ‘bookie’.
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