Out of all the types of sports, people love to bet on horse races. It is one of the oldest sports to bet on.
Horse racing betting is commonly shown in movies and TV shows. However, you can bet on horse races in real life as well.
All you need to do is learn about the basics of horse racing and understand how it works. If you are a beginner, you need to remember some important terms and jargons.
It is the basic guide to understand horse racing. When you visit a horse racing centre, people will use all these terms and jargons to discuss the race and place the bets.
If you don’t want to get confused, you need to know what each term means.
Horse racing betting:
In simple words, it means to place bets on horse racing. It is popular sports in which horses have to run on the racing tracks. There are jockeys who guide the horses and compete with each other.
As a bettor, you need to place bets on the horse that is going to win the race. There will be odds given, as well. You need to check the odds and place the bets.
Horse race betting terms and jargons:
If you are a beginner in horse race betting, you need to learn these racing terms and jargons.
- Win Bet: This is the bet on the horse who wins finish the race first.
- Place Bet: This is the bet on the horse that finishes the race in first or second position.
- Show Bet: This is the bet on the horse who finishes the race third or with a better position in the race.
- Morning Line: It is the odds which the horse goes after as per the handicapper’s prediction.
- In the Money: It is the horse that finishes the race securing first, second or third position.
- Across the Board: These are three bets on a horse to win, place and show. If it wins, the bettor will win all the three. If the horse comes second, the bettor will win two. If the horse comes third, the bettor will only collect one.
- Bounce: It is the poor performance of the horse after giving a really good performance in the race.
- Key Horse: It means a single horse. This horse is used in various combinations in exotic bet.
- Chalk: It is the betting favourite.
- Chalk Player: It is the bettor or gambler who puts the bet on the favourite.
- Wheel: It means betting on all the possible combinations. It happens in exotic bet. The bettor has to use at least one key horse.
- Parlay: It is multiple bets on the race. The winning depends on the succeeding race.
- On the Board: It is when the horse finishes on the first three positions.
- Speed Figure: It is the rating given to the horse. They use statistics like horse performance and combine it with the level of competition.
- On the Nose: It is when you bet on a horse to only win the race.
These are the important terms and jargons you need to remember and understand in order to participate in horse racing betting.
