The world of betting has its own language, full of delightful phrases and terms. Here are a few….
Cheating within the rules – ‘Just had four of a kind. Sitting here telling the table I have no idea what I have. I know what I have. Tripled up against the two olds who now accuse me of angle shooting’ – BasherTom December 2016, European Poker Tour – Prague in the Deuces Wild, Quack Quack Half a Rack (yes that is a real name of a form of poker!)
A longshot at the start of the race, match or competition is unlikely to win and the odds offered are therefore likely to be pretty high. It follows that as the event progresses they are likely to be left behind and could be said to be an Also ran i.e. never in contention to win, just making up the numbers. Every so often one of these will come in but you could throw a lot of money at it before it does.
The people (or very large firms) who offer the odds to the punters. They are the people we like to bash, there is nothing better than getting one over on the bookie. However friendly they may appear remember; they are only after your money!
The individual making a bet with the bookmaker.
The expected winner before the event. An odds on favourite is thought likely to win more than 50% of the time. Sometimes there are joint favourites, this is when the odds of the leading contenders are the same.
Betting on an event whilst it is taking place. The odds can change quickly so this needs to be treated with caution. Also be aware that unless you’re physically at an event you may be behind the action and you might be betting against someone who knows something you don’t. Seconds can make a big difference in this game.
Certain cash amounts have their own terms, a lot of these come from Cockney Rhyming Slang, there are loads of these examples are;
- Score = £20
- Pony = £25
- Ton/Century = £100
- Monkey = £500
- Grand = £1,000
It’s always nice to have a Grand day!
Usually used for horses but could be anyone/thing taking part in a competitive event.
The selection that racing correspondents and tipsters nominate as their strongest selection of the day or meeting. Reputed to stand for “Napoleon”.
A person who gives or sells to bettors their prediction of likely winners of a race, game or event. Very rarely has an edge.
The value of the tipster’s choices!
Taken to mean ‘a draw’ on a football betting coupon. (1X2 being the notation for the win/draw/win market).
On the Nose
A bet for your horse to win as opposed to an each way bet when the horse can win or place to produce a return.
“Sir, When my son was at school, a request to calculate 8 times 7.5 less 10 per cent would probably have been met with a blank stare. However, when I put £8 on a horse for him that won at 15/2, with a “rule 4″ deduction of 10p in the pound, he was able to calculate his winnings in the bat of an eyelid.”John Williams - London SE9 (Quoted in the Times)